I agree with sdr. What and where is more important than when. “Finding a house you actually like is much harder than most piggies think.” I have pulled trigger twice in the last month or so. One in late Oct (outbid by another offer) and one in late Nov (still waiting for the answer). That is despite visiting about 10 houses a month, reading MLS listing for 50 houses a month, I only find one house that I really like to live in for each month.
So what if I overpaid a little? With 20% down, I am still looking at 2x income or 50%-off what the original owner has paid (I am only looking in Temecula area due to family reason).
A deal for something that you don’t like is not a deal. Therefore, I don’t understand all the black Friday madness. Most of the stuff that are on sale are garbage anyway.