Inventory is being reduced, so building is way down. This is a good thing long term. There is no way to sustain a housing market like we had a few years ago, so now we're getting to realisitc activity and everyone involved has to adjust. It will likely be a long time before there is a housing bubble like the one we saw. This means less building, less agents, les loans, less of everything in housing -- but when we adjust, that will be the norm. Long term, this is a good thing.

We are quickly getting to the point where prices have adjusted and buyers are buying homes for the right reasons -- to live in them and be able to make the payments.