As much as I wish I could guarantee you of the exact moment when to pull the trigger as a buyer the truth is NO ONE CAN. But this much I can tell you - if you knew exactly when to do it, it would be fair to say that everyone else would know the same and the competion would only reduce the odds.
So the next best thing is to make an educated decision, one which needs to involve your Realtor. Make sure you carfully review the comps in the area, make the comparasions. Do the research for pending foreclosures. Do your research about your loan, find out what kind of rate you're likly to get and possibly negoitate a rate discount which the seller contributes too. This may off set any minimal delcine which the home you are expecting to buy may in coming months.
Also, do a little independant research - you do realize that in many of Fremont communities they have not seen the signifcant losses that other area's have. Much of this is driven by the families securing homes with highly sought after schools.
A tool which I use is Trendgraphix's, which released the June numbers and they are very encouraging for Fremont. If you email I will be happy to forward them.
I am not from your area, but I am in California. I think from what I have heard your market is probably a buyers market. You should contact a local Realtor that can help you make this inportant decision. The conforming limit being raised could help a new buyer if your home is worth more than $500,000. This would allow them to buy with a conforming loan, a better interest rate than a jumbo loan would be. Click on the link below to see an agents profile from your area. Give Mary Ann Morrara call.... more