I'm not aware of any agency lenders that will lend on vacant land, you'd need to go through a portfolio lend ... more
No way would I wait if I could swing it. My economist, Howard Blum, predicts prices have def. bottomed out and will be on the rise ASAP.
(Barrett Hills part of Carmichael. ) see the link for details.
If the home meets your needs and the price fits your budget, why would you wait? If this isnt the bottom, how much further would things have to drop before you bought? And ... more