I have invested in real estate since the mid 1990's. People seem to think the market is still going to drop. Here is why I believe its pretty close to the bottom. A lot of foreclosures have turned into bank owned properties. These bank owned properties are receiving multiple offers. The banks are obviously not going to lower prices if they are getting multiple offers. Once this inventory dries up we will be back to normal seller-buyer relationships. Consumers need to know now is time to buy, dont miss the boat. The reo's are selling for very good deals.