As professional Real Estate Agents we are taught to stay positive about the market even when the market is down. Tell you sellers everything is fine, even lie if you have to. In Reality I agree we need to be positive, I believe we should always be positive in life no matter the circumstances. however I do not believe in misleading our clients in any way, we need to be honest with our sellers and educate them on the current market. I know lately it has been tough to predict what was ahead but now reality is here! The market is horrible right now and it is going to get worse before it gets better. Between 1976 and 2005 the average ratio of home prices to income was around 127%. We currently are about 80% over the historical average. Lenders have been loaning money that should have never been loaned to consumers that should have been in a different price category. Foreclosures are now at a record high and we are just staring this ball game! We are currently in about the second inning and we have a long way to go before we hit that 9th inning! The good news is this is going to be the best opportunity we've had in years for investors and the youngsters that could not afford to buy in yesterdays market. We are also eliminating the Realtors that didn't actually have to work Hard for a living and at this point do not want to. It also gives us the opportunity to let the sellers know, if they want to sell, they better do it now and they had better be the best price on the block, otherwise the better plan on staying put for a few more years!