It is true that the market has changed. But, markets always change. This is intrinsic in any and all markets. It is also true that the glass-is-half-empty perspective always grabs bigger headlines and creates physocoligical repercussions that are often based more on hype and opinion than facts alone. We must  take into consideration when talking about the market today, that affordability has improved greatly, especialy in those areas where affordability was the concern or talk of the day. Not only is affordability better, but mortage payments on a typical home are as well. According to various sources,  typical home mortages today are on average around 20% less than a year ago. So, we can also talk from the Glass-being-half-full perspective. During the REALTORS® at NAR's Midyear Legislative Meetings & Trade Expo held in May 2008, NAR's Chief Economist Lawrence Yun shared with realtors, peers and colleagues alike that during the past seven months, home sales have even out and that they should grow somewhat during the second half of the year.