Do you anticipate a bigger pullback in the luxury ($1M+) market compared to more affordable homes (Coachella Valley)?

We can't promise a pullback in either segment, but as a rule, the higher the price point, the more room for price movement when a seller genuinely needs to sell. The reason is the buyer pool. There are fewer buyers at the top than at entry level, so a motivated luxury seller has to move more on price to find the one buyer who's there. That's a rule of thumb with a big exception. A unique, well-located, well-finished home priced correctly from day one is far less likely to see reductions than one where the seller started aggressively high and had to chase the market down. Pricing discipline at listing often matters more than the price tier itself. Coachella Valley adds its own wrinkle. It has become a strong short-term-rental market thanks to the concerts and events that draw visitors, and that investor demand tends to keep activity around the higher price points more competitive than raw affordability alone would suggest. Timing matters there too: summer, when snowbird buyers from colder regions aren't competing, is often a better window to buy than the winter high season. Rather than betting on which tier drops more, focus on buying a well-located home that was priced sensibly, and in a seasonal market like this one, shop when competition is lightest. That's where the actual leverage is.