Real Estate Bubble Burst - The Evidence Is In

This NY Times article should stop the chatter about whether there is a correction underway. It appears that few regions are being spared. It's definitely a time for some disruptive technology businesses to help buyers and sellers retain value in their transactions... ala Redfin, Zillow and Trulia. Now that buyers see their homes sitting on the market a lot longer they should take advantage of these Web 2.0 applications which help sell homes without a realtor and can do a great job of marketing and selling your home. Sellers can benefit too buy getting a percentage of the savings returned to them at the time of purchase, often several thousand dollars. I think the traditional real estate agent is going to be gone in about ten years.