An upswing in real estate...in a couple months...anywhere in Stockton? I don't see that happening. Will there be less of a downturn this Spring in Brookside? If so, then that's where you'll see it, but at this point it's all speculation. It seems that more and more homes are falling prey to the hammer of bad mortgage choices in the last 3-5 years. That creates only more of an opportunity for people to get great deals on homes.
Waiting is a good thing to do if all you're wanting is to get a house at the very bottom of the downward pricing chart. However, you don't want to wait it out TOO long so that you end up having to get into bidding war with more and more and buyers.
Right now, my home is not where I just park my car and store my clothes and furniture. It's where I raise my family. So ask yourself what you're looking for in purchasing a home and what it means to you and how long you intend to live in it.
If your goal is profit only, then just wait to see what happens and then pounce on any good home when you're ready to buy. If your goal is to stand in your house and feel like "this is where I belong", then you just go out and find THAT home either now or later and get the best deal on it that you can at that time and not look back on your decision no matter what happens in the real estate market.
Good luck in your real estate endeavors,
No one has a crystal ball, however, generally speaking home sales tend to pick up after the holdiay and winter months. The Brookside homes are very competitive and the location in Stockton is great. Other newer homes were built on the outskirts of town and the ammenities such as grocery stores are also a drive away from the homes.
Priced right, the homes in Brookside are selling quickly as a buyer of mine just found out. The location of Brookside, the maturity of the area and the fact that it is totally built out and there aren't fields with "proposed new development" signs all point to a great location, proven area and a great place to buy now! Homes built around Stockton with the vacant fields, in this current economy will probably see fields for quite sometime and not new development filling it in.
Not sure what type of upgrading your family will require, but right now the labor market is starving for work and you can get the best and lowest prices now to install, paint or repair you home so that also is in your favor for purchasing sooner rather than later. The goverment is throwing everything and the kitchen sink at the problem and I would sure rather purchase at or near bottom as opposed to trying to time the market and buy on the way up.
There is no guarantee when or if your offer will be the best or accepted and the inventory is competitive and Brookside homes are relatively few in number so I would suggest you aske one of the Realtors here to represent you and begin the process. If you're not pre-approved for a loan with a proven lender you are just spinning your wheels and not prepared yet to offer anything. If pre-approved, pick an agent and get into the game. Your home is there but you may not get the first home you bid on. It's very, very rare these days and you can consider yourself lucky if that happens.
Best of Luck!