[mikejr]

I wish the media would just clam up about the housing crisis. The problem is, they are painting the entire county with a broad brush. Yes there certainly are areas of the country that have seen home values decline 40% or more and home sales decline a similar amount.

BUT what they aren't reporting is areas like Western PA have only seen sales decline 4%....and values something less than that.

Being a real estate broker, I get questions and comments daily from people wondering how we are making a living being that we're in real estate.

Well let me tell you this....2007 is our BEST year on record by about 20%.

Has the sub prime debacle caused issues...sure it has....its harder to get people financed, but, they were financing people that should never have been financed. Stories of people buying a house and never making a payment are very common around here. But in true American Capitalism, where there is a need, someone will fill it. So I would expect to see someone stepping in on void left in the subprime market.