The nice thing about real estate is that even in the most challenging of times things still move. Properties are changing hands everyday. Buyers and sellers should stay positive. People need a place to live and people have to sell for various reasons and things keep rolling along.
Much like the stock market or other commodities, through good times and bad, things keep moving, and run in cycles. We have to remember to celebrate the high part of the cycles and hang on during the low part.