It's not down for the count yet

All the pundits continue to inject gloom and doom into reports about the housing market and what's going on. People continue to buy and sell houses though so I don't think you can say that the housing market is down for the count. Granted, the frenzy isn't there like it was two years ago but the market is still robust. Here's an article from the Wall St. Journal that points to the fact that housing starts are up: http://www.realestatejournal.com/buysell/markettrends/20060620-blackstone.html

What that means to you is this. Ignore what the pundits say. Yes houses are staying on the market longer. Some sellers haven't figured out yet that they probably won't get as much for their house as they would have gotten three years ago. They're still in denial about it and are less willing to reduce the price when they need to. Get over it. The market is what it is, today. Deal with it. And some buyers are still waiting to see what happens. To them I say, what the heck are you waiting for?