Way to be possitive.

Sadly, the facts can not be denied, is this a correction or recession. Frankly I am glad to see the reversal in the overheated markets. The gains were unsustainable, and franklym, the problems we see in CA, FL, CO are a reflection of unsustainable value gains.

ugly situation :)

Good question- I guess I just don't care.  People continue to need housing; rates at 6.75 are still historically fine; fine tuning presentations to demonstrate the impact of increasing rates compels buyers to consider acting faster; and inventory to show without the "hurry, hurry, hurry" push is better for the consumer.  Sellers being aware that it takes more time is just what it is- and they seem to be cognizant of the current climate, making most of them easier to work with.  We work in good markets and bad; the minute that we decide to buy into the idea that buying a house is a bad idea, is the moment that we should probably find another line of work!

This is the problem.  Prices in some markets have declined, and supply has increased, but there is a lot of business, and a lot of buyers out there.  We as real estate professionals have to be positive as we are the educators.  If we are negative like most of the media outlets than we are doing a disservice to our industry and our consumers.  Posts like these just add to the negativity towards consumers and our industry.  As a real estate professional once you start to be negative about the industry you work in than you tend to be more likely to end up starting a new career.  It pays to be positive.