I believe that Temecula has another 20-25%+ to drop…………………and it will do so over the next 24 months. Probably half of that drop will occur within the next 6-12 months. Nobody knows better than you what your plan should be. One thing’s for sure: there won’t be any shortage of inventory if you decide to wait for somewhere close to the bottom.
Personally, the neighborhood is #1 priority for me. That being said, I would never buy a home that backs up to or is very close to a busy road. Too noisy and a bad selling point if you ever want to sell. Pools are a pain in the butt……………too much work and fuss for the little bit that they get used after the kids grew up.