I have been in the Real Estate Business for more than 25 years.  I can understand everyones doom and gloom since the news is always broadcasting it.  However, for us Realtors that have been in the business for an extended amount of time let me shed some positive light on the situation.

First  This market is getting rid of all the lenders and Realtors which signed on to this industry for the so called “quick buck”.  I am sure anyone who has been in the business for any length of time has worked with one of these agents and/or lenders will agree that this has not been the highlight of our career. 

Second   This market may not be great for some Sellers but it is a GREAT market for the first time home buyer.  More first time home buyers can now finally afford a home.  Interest rates are very good. There is a lot of inventory for first time home buyers to chose from, Sellers are not only motivated to sell but most are very negotiable. There are some great first time home buyer programs.

Third This is also a great buyers market for investors.  If you ever wanted to purchase a rental this would be the time!
 
No the market is not what it was. Yes, Sellers are losing there homes.  Nothing stays the same.  Successful business people are always adjusting their strategies to the ever changing market place whether you sell real estate, are a lender, a builder, etc.....  So think out of the Box!!  Think of your glass being half full instead of half empty!!  Be grateful for what you do have!!  You will may be surprised how just a few shifts in thinking and attitude can change your whole outlook and business!!!