It seems that there is plenty of people with high incomes and large savings waiting on the sidelines. Some will wait for a 5%-10% drop to get in, driving prices up again. This is what is happening now. It seems, without an additional catalist like massive job losses, real prices will stay were they are. Nominal prices will erode with inflation at a snail pace. The US economy may have achieved the dreaded soft-landing.
BTW, mid-30s, married, no kids, $150K/yr, no debt and enough savings for a 20% down even at today’s prices.
