That's what I am wondering as well. Rates are low, prices are down, it's a perfect buyers market unless you are waiting for a big fallout to bargain hunt. We are moving up a little, and our house is on the market. No one is looking right now, the market is flat. The only reason for it is these stupid doom and gloom stories. If you have decent credit and can afford the payments, there is no reason to sit out right now.
And you can ALWAYS find homes for sale at 70 cents on the dollar (sometimes less) if you’re creative and persistent - in ANY market.
That’s how good investors make money.
Heck if you’re in the Baltimore-Washington area I can get you a list right now. And many of them need little more than a few grand in cosmetic upgrades in decent neighborhoods.