TG is right, if that house closes at that price, it will hasten the slide. More evidence to be patient, especially if you are cash rich, good credit, and have a solid w2 income.
If one was ready to buy with a 20% down on a McMillin Blackstone in Morgan Hill last year and passed on one of their $600k “deals,” by this winter you could buy at $300k, use $90k as a 25% down for a good loan on the same size home in an older Morgan tract (Khov, Artessa, Cristal, Shea) and have an extra $30g to customize.
