a case of the Glass Half-Full v. Half Empty. Here's why ....

1) It's a Buyer's market -

2) Lenders easing credit -

3) Lower interest rates -  many many years, thus lower monthly payments for the same house 3-4 years ago.

4) Reduction in inventory -

5) Consumer confidence -

Yes, if you are a seller, times are tough.

However, be patient. Prices are starting to correct enough to stimulate buying. Lower prices, means more buying, more buying means less inventory (supply) .

Less Supply, in simple economics, means more demand. Prices then go up. It's almost that simple