That seems to be the mantra of the week. Sellers are saying it, and buyers seem to be taking the same tack. They're waiting to see what happens with the bailout, with the election, with the mortgage industry, and with the housing market. They're watching the stock market move up and down, and wondering about their job security.
Meanwhile, people are less likely to go out and buy things, especially a long-term investment like a new home.
Those who are closer to making a purchase are waiting to see what impact the bailout might have on interest rates before they proceed with a purchase, and those who had planned to sell stock for a down payment are reluctant to sell in a declining market.
Economists and real estate pros agree that even with the bailout package, it will take the housing market some time to recover.
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