I often get asked "How's the market and your business?" and "When will I know when housing hits the bottom?". 

Well my business is phenomenal.  I just posted the best 2 sales quarters in my career and I am now comfortably the Top Prudential Residential Agent in Austin.  There may be talk and hints of a recession.  I am just choosing not to participate in it. 

In regards to "When its going back up again".  I think that is flawed thinking.  You will know the market is going up AFTER you see it hit bottom, but that is too late.  The best time to buy is while its still going down when there is no competition, rates are low (like in the mid 4's now!) and selllers are more willing to deal in most cases.  

Click below to see an article from the National Realty News which seems to indicate we might come out of this housing slump in 2009.  If this is true, then we all know people will start buying homes en-mass at one time, driving up prices. 

If you click HERE you can view the article.