For every action, there is an equal and opposite reaction. Though you might feel worried about the housing market as a homeowner, there is also a lot of hopeful news. My job is to highlight the good news to you.

The National Association of Realtors noted that new residential construction is down by 31.1% compared to September 2007 (NAR, Oct 2008), so this means that there will be a decrease in the overall supply of new homes in the market. What does that mean for you as a homeowner? With less homes in the market, the value of your home is less likely to be negatively impacted.

Real estate is still a great investment, even if we are experiencing a rocky road as the market is correcting itself. In spite of the negative news that surrounds us, I want to emphasize that homes are selling--they may be taking longer than usual, but they are selling.