Okay, that neighborhood. Well, I would go for an older house, but
that's my personal preference.

Re price, if you like the house and the neighborhood, and you can
afford it, and you plan to stay there, go for it. Current prices,
and whether you get a good deal, will be insignificant issues in
the long run.

Anyway, what you describe doesn't sound at all like "booming"...

Una