For all of 2007, existing home prices fell 1.8% and represented the first nationwide decline in houses since Realtors started tracking data over 40 years ago. BUT think of this, we have experienced historic gains of over 100% in the past several years in many parts of the country, so how bad is a 1.8% year over year decline. If the Stock market doubled in the past three years and the market then declined 1.8%- would it even make the headlines? Think about it!!  We are seeing a buyers real estate market along with mortgage rates at three year lows, when was the last time we have experienced this type of market? Once again, this is still a great time to buy real estate!