Me I pull the trigger already (got a new place for 108 SQF all the upgrades you could want with a nice view and the back yard is the national forest). .
Maybe it will go lower, who knows but I am happy with what I got and am not going anywhere for maybe 15 or so years.
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It’s fascinating to watch human psychology. Once people buy they think that prices can’t drop much anymore.
Considering Mello Roos and HOAs, Temecula’s median should be right around $200k.