In escrow now after making any number of offers in the last 11 months. In many cases I was UNDERbid, i.e. property closed for less than I offered. Lots of really questionable REO deals these days, and that’s not just my opinion.
I think a lot of the difference in opinion on this site can be attributed to our preferred markets and price points … I agree the coastal high end is likely to go down in the near future, but my budget was a bit more proletarian.