If a house is in a mediocre school district or in a less than ideal location the long term value of a home may not be as good as a higher priced home, especially if these things are not an issue.  For buyers interested in value they should focus on quality of the house, the school district, functionality and location, location, location.  Houses that lack closets, undesirable kitchen layout, small room sizes and obsolete architectural design are considered functionally outdated. 

With the rising mortgage interest rates will lower the housing prices even lower.  There is a tremendous amount of foreclosures out there.  Looking on a real estate website would’ be a bad place to start your search for a home. 

There is a big difference between price and value. Homes that are deeply discounted aren’t always the best long term decision.  If the house has undesirable features compared to a home in a higher price range that lacks these unfavorable features could yield the best value. 
With all that said, now is the best time to move.  Current mortgage rates are still low, around 6.25%.  If inflation continues to increase the Federal Reserve will start raising the rates they lend to banks.  To make matters worse there is still turmoil in the secondary market.  In turn the banks will increase the mortgage interest rates to supplement the costs.  Expectations are that this increase will become apartment after the Presidential election.  Having a 7% mortgage rate may not seem important now, but it could mean thousands of dollars on a 30-year loan.

Although there is only a short window of time, now would finally be time to move.  Locking in a great rate now could mean thousands.  And with all the available for buyers to choose from the sellers are rolling out the red carpet to sell their homes.  Finding the best real estate that can negotiate you a great deal is ideal.  That makes the idea of purchasing now to get a great interest rate and best purchase price seems foolish.