If it works for the retail industry, why doesn't it work for real estate?  Most people love sales and usually, we flock to them.   So why is it the opposite scenario for real estate?  When prices were high, and rising even higher, people were standing in line to purchase a home.  This happened even though "experts" were saying the bubble was going to burst.  In fact that almost fueled more buying, as though people were scared to miss out.  Now prices have dropped and few are interested in buying.  Or maybe I should say only the smart people are interested in buying.  Some investors know this is the time to buy.  Like buying when autos, furniture or clothing are on sale, investors realize the drop in prices and relatively low interest rates are reasons to get out there and buy.  Of course the same can be said for the stock market.  Right now the stock market is hot and people are investing like crazy.  However there are the smart ones waiting for the market to take a big dip and that is when they will step in and find the bargains.

For buyers of real estate, now is the time to find the bargains.  Don't wait too much longer or you'll find the market will turn and you will miss some excellent bargains.