This anecdote about a Brooklyn house-hunter from a recent article on Inman News certainly underscores some of the stories that have been popping up here and elsewhere:

One of the houses we went to see last week was listed at $599K. I liked it a lot; it had a beautiful kitchen and lots of original detail. To revisit, I had to submit a bid, which I did for $530K. Went to see it again and decided it wasn’t right. To my surprise, we were called two days later to see if we were still interested.

Buyers See New Side [Inman via Housing Bubble 2]