Nice snag PennyPincher. BUT
Remember that your monthly payment doesn't change when the value increases 80k in two years. If you're tight on the monthly and don't have the requisite emergency fund in place, you're asking for a disaster. Having 3-6 months' expenses and qualifying
by your terms, not the broker's is what I suggest for home buying. Then, and only then, can you start to think about the market and all of that.
DivaJen, glad you guys got in when you did too. My wife and I have been priced out of Phoenix
We're heading to Dallas next year.