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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.
Say your are a new couple looking to by your first house, a few years ago you probably would not have been able to afford a new house. Prices a few years ago were almost untouchable to those starting out. Now in 2009 it has become a buyers market, so that couple now has the opportunely to get their dream home, without being dragged over the coals. So, in this instance they would be in favor of the new market.
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.
All-In-All holding on to your property or purchasing it at the low end is your best investment if you are in the financial mean at the current time. The real estate market will eventually rise again and your purchase price now will surely rise as well in time. Throughout time buying real estate has always been considered the best investment and should prove to be in the future.