We're shopping for a new home in Silicon Valley and are also considering picking up. Median home price in Mountain View for a single family home is around 1.7M.

We're shopping for a new home in Silicon Valley and are also considering picking up. Median home price in Mountain View for a single family home is around 1.7M. This price has about doubled in the past 5 years. The schools are variable as rated which also rules out some areas for us. We have a small child at home and need to find someplace to start him in public school. I think we will sit tight for a while and see what prices do. Most sites I've looked at call for a leveling off on price over the next year. This would help us increase the amount for our down payment and get into a property we could afford with decent schools. Luckily our rent is very low (<$2000 for a 2b).