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The real estate market in 2009 can be looked at as a positive or a negative depending on whom you are asking. For those looking to purchase a house, or building the new low prices are great. Those looking to sell their property are probably not as in favor of the plummeting prices. There are different types who may be for or against the pricing. For different reason they may be in favor or against. Those with property in hand may definitely be hard press to get the price they originally were seeking, but those looking to buy a house may be surprised at the prices they find when they are ready to purchase.
For the new couple that in the past may have struggled to find a place to live and start a family the market is a great thing. A few years ago the prices of houses were astronomical and a new life for young couples was seemingly out of reach. Now in 2009 their dreams can come true with out breaking the bank, this new couple will definitely be in favor of the markets current state. Again, the American dream is alive and well.
On the other hand if you have a family that has been living in a house for a few years and find yourself needing to sell unexpectedly finding the price you feel you deserve will be a tough task. Those forced to sell because of a career change, taxes or other sudden causes may have to get rid of the house now and can not wait for the market to change. The hard spot that these people are now put in will obviously not put them into favor with the new market. If you can hold on to your property, as it will hopefully rise again in the future.
Looking to start a new business or already have one but would prefer to own the building rather than rent? If so this market is best for you. If you are currently able to spend some money, now is the time to invest in property as low prices lead to a good chance for a great opportunity for your business or just as an investment. Paying rent to someone else may no longer be a necessity.
With the market currently in a down state the best advice that can be given is for those with property to hold on to it as it will definitely rise again in the future. Real estate is and always will be the best type of investment and should be treasured no matter where the market is at the current time.