Speaking about my own situation, our house is for sale.
There are lots of good ones to choose from around here, and I’d sure like to do my part and buy one. But I have to sell first. I think a lot of people are in my situation. There’s a logjam, and when it loosens up, things will be better.
Part of the logjam is no first time buyers, because of credit issues, and no California buyers, but the biggest contributer to the slow down are sellers living in la,la land, who will not let their homes go for less than what they perceived it was worth last year.