@andymajumder
They really are playing it as though prices might start going up again and this may cause a lot of potential buyers to jump back in.

Maybe many knife catchers will jump in.. It may mean that I stay out for longer. With the real estate market the way it is, any down payment is dead money. Besides, with running into AMT, I can’t deduct mortgage interest when I have even a moderate LTCG (long term capital gain).