Real Estate Market - What the Crystal Ball Beholds For the Markets?

The one thing that is on the minds of most homeowners is how much worse it will get before it gets better. The last year has seen a major turmoil in the real estate market. It has never been this bad. So it's no wonder that it is the major concern of most homeowners. Property values have taken a nosedive and the default rates have gone sky high. First time buyers are finding it difficult to find an entry into the market so home ownership is falling. With increased foreclosures and compulsory bankruptcy filing things are getting out of hand.