The realestate market has finally peaked out and not much at all is selling realtors have said they haven't seen in this bad since 1982. This isn't good for realtors some of them are finding it tough. If the trend continues there will probably be realtors looking for a different career. Prices might start dropping to a normal level to the point guys my age might beable to afford a house. Right now the prices requires you to have a minimum 70 grand a year income to afford a house. House prices went from 200,000 for a average house to 400,000 plus in 3 years. Have to see what happens this summer it will be funny to see these people that thought their property is worth millions find out they will have to make a 400,000 dollar price correction The biggest laugh will be the flippers thinking they could make a big profit now they are stuck with over priced property. The developers that have spent the millions are now looking at some tough times. The demand for 800,000-1 million dollar summer homes is non existant. I think this is funny because everybody thought this realestate gravy train was going to continue. The greed was getting bad now it has backfired. The commercial fisheries isn't doing good so the local fishermen will be hurting this year. The forestry sector is taking a beating more job losses. Tourism will be down this year with the price of fuel. Price of diesel fuel is at 5.07 a gallon and supposed to get higher. No realestate sales no work for all contractors. Excavation contractors will be the first to start to feel the stress off 3 to 10 grand a month equipment payments. Sure glad I wasn't sucked into a overpriced house and a 40 year mortgage and really happy I didn't do something stupid like quiting my job that is gauranteed employment. Reality check is setting in for many people now which is oh crap we have sunk ourselves into debt and no easy way out. My lesson was listening to a small developer/contractor who told me 4 years ago this boom is going to move fast and turn out bad guess what he was right. The boom has gone pretty well bust. The money spent developing land for subdivions is enough to boggle your mind. It may take the next 10-15 years for these developers to recover the money they spent.