There's no doubt that the home prices are down significantly from 2006 levels. But the fact is those high watermark prices were absolutely insane three years ago. I guess I just thought the days of bidding wars and people making offers sight unseen were over. It appears I was wrong.
I'm not looking for a "steal", just a decent place that doesn't require $40k in renovation in the first couple years to make it liveable. I guess this would be a bit easier if I sold the Camaro and upped our budget, but what fun is a new house with a garage if you don't have anything to put in it?