A Recession .... or Progression?

Are times really that tough or is it time for smart consumers who have cash and have stuck to their budget to profit? With the decreasing cost of transportation - down 26%- and the steadily dropping home prices- down 16.6%- can't we see this as a time where hard working, saving individuals can finally own a home? Household goods have dropped nearly 5%. This is a time when people can take advantage of these savings and renters can break out of that trap, take advantage of low interest rates, and own a home at a reasonable price. FHA loans make it possible for buyers to own homes with as little as 3% down. Are we just getting back to reality with low prices and getting the investors who increased prices by flipping properties and making a quick buck while sending prices of homes skyrocketing at an uncontrollable pace ---recession or progression?