As others have said quality varies in Muirfield. Some are well built, some are not-age of property is irrelevant. One thing you need to be aware of is the huge HOA fees in some Muirfield neighborhoods. That can make a reasonably priced property amazingly overpriced when calculated into the total cost.... more
It's like a pendulum. It has taken a little time to gain speed, but I think it may be on its way to swinging to the other side and could be classified as a buyers market very soon. Then all the buyers that didn't get off the fence because they were waiting for the exact bottom are going to be kicking themselves.
With the reduction in the inventory to roughly 11,000 homes down from just over 20,000 homes a few short years ago and the fact that many home owners have finally came to realization that they are competing with short sales and bank owned properties and therfore have reduced their prices to compete, the market pricing is much much better.
However as you mention, jobs will stall everything. I don't think businesses are purposely not wanting to expand and get more profitable, but there is still some resistance. The next few months will be vital to the recovery. If jobs continue to expand at the current rate, we may get below 8% which I think will get a lot of buzz and trigger even more hiring.