[quote=4plexowner]”By any definition I could find”

seems like a complete definition would address the ability of the buyers to actually buy the item in question

let’s see, no more:
– zero down loans
– stated income (liars) loans
– cheap jumbo loans
– inflated appraisals

yep, sounds like a buyer’s market to me too[/quote]

“… ability of buyers to actually buy the item in question …”

BY definition if they are buyers they have the ability to buy. Otherwise they are onlookers.

As to whether one should buy currently ? Well that is another question altogether, and should not be confused with the term “buyer’s market”

But as to whether it’s a buyer’s market in economic terms. Of this there is no doubt.