Homes Becoming Less Expensive
'It appears quite clear at this juncture,' said Joseph Brusuelas of IDEAglobal, 'that the consumer has reached a psychological point where expectations of future price declines have become entrenched. We consider this to be eminently rational behaviour on the part of potential homeowners and until the new homes market observes a decline in the median price of homes and falling rates, there will be little incentive to step up purchasing activity.' [Read]
There are opportunities where there are problems, especially if you were wise enough to avoid the problem--the bubble was foreseeable.