Dont take this as a local realtor trying to steer you towards buying :)
But... Mountain House has seen an increase in prices of roughly 10% in just the first half of this year and homes are selling fast for asking price or above in most cases, unless the home needs a lot of work or is a short sale. Inventory is extremely limited in our small town and will likely always be smaller than the demand to live here since our Master Plan stops at close to 10,000 homes and our schools are the best public schools in San Joaquin County. I dont expect prices to continue skyrocketing like they have so far this year, but I also dont expect them to be going backwards again at this point.
Our high school was just started and will be complete by the start of the 2014 school year. Builders are raising prices right now. The commute is supposed to get easier over the next several years as BART gets extended and more carpool lanes are added, etc. I'd be shocked if within 3 years we didnt have a Safeway or hadn't at least started building one. There is also a rumor going around that a University could be built in Livermore next to the LLNL and Sandia Labs, 'the only two labs of their kind without University affiliation nationwide' I've been told.
Plus, after living here 3 years, you're not going to want to leave so you'll be happy you bought a home when you moved here :)
The commute will be rough though. My wife commuted to South San Francisco for a few years and it would take 1-1.5 hours to get to work and 1.5-2 hours to get home depending on traffic. Hopefully your husband would be able to carpool with others heading that way or take advantage of Ace and BART. You'll definitely need to consider the trade offs carefully as they apply to your family. Big house with lots of space, low crime, and great schools... but less dad time?
I wish you and your family the best with whatever choice you make.
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