I’m curious to know if your friends are all people who waited out the bubble like me?
I am personally looking, finally, but I’m not jumping on anything that isn’t priced at today’s prices.
I would also say that the general public, for the most part, believes that the RE market will continue to drop. I know that sounds crazy for some markets, but I think it will too. So while I tell people I’m looking, I’m not going to buy until I get the right deal for me.