With the current mortgage crisis and adjustable rate mortgages valued in the trillions still waiting to adjust in 2008, the mortgagee fiasco will continue to drive property values downward. With that said, it is important to focus on how this will benefit investors and homebuyers alike that decide to buy during this declining market. Many people don't know this but more Americans became millionaires during the great depression than any other time in American history. This happened because people became desperate for cash and acted relatively irrationaly by selling their land and homes for pennies on the dollar. This was obviously an extreme case but in today’s real estate market we can see glimpses of this same mentality. With so many distressed properties on the market investors and buyers alike are able to leverage the current market conditions into getting great deals and bargains that haven't been seen in over 10 years in some markets such as Arizona and California. The banks are desperate to unload these properties while sellers who are forced to sell in this market must reduce their prices to compete with all of the below market distressed homes. So have we seen the bottom yet? I don't think so. Many of the 100% adjustable rate mortgages have not adjusted yet, and as a result we will see more buyers that cannot refinance due to their homes being worth less than what they purchased them for. This market may not turn around until 2011-2012, roughly 5 years after the peak. Only time will tell, but one thing is for sure: Today’s buyers will be the big winners of tomorrow. SharpBuyers.com will sweeten the deal even more by providing a real estate rebate of up to 50% of the commission to the buyer at closing.