It's very interesting to have a real estate discussion with someone for the first time and hear them mention how the market is bad? I usually counter with how great the market actually is for first time home buyers, investors and buyers in general. With interest rates at record lows, housing inventory levels high, and market values lower than in past years (depends on your market of course), what a wonderful opportunity it is for someone to purchase a home.
Somehow, most people associate a good or bad market as coming from the sellers point of view, do not the buyers have a point as well? Why is it that the general public and media both tend to view the real estate market from one point of view, the sellers? Maybe the goverment could spend billions of dollars researching why this is so, after all, they spend lots of money on wasteful research projects all the time.
What I really wondered, that I find more interesting, is why sellers beleive that real estate agents should be able to work magic and get them whatever price they feel they need, so they don't have to be accountable for their fiscal irresponsibility when the market value is actually less than what they owe or are willing to sell for. Try calling a stock broker tomorrow and ask them to sell the stock you purchased at $100 a share, which is currently trading for $45 a share, for at least a $100 a share. Does this sound reasonable? Of course not, neither does selling a house for something other than market value!
Get real, get right people, because magic is an illusion!