Do what Warren Buffet renowned investor does. His philosophy is when there is greed be fearful and when there is fear be greedy- a contrarian strategy. With the press filled with fear, the weak will retreat from the real estate market allowing savvy investors to pick up the pieces and make higher profits and gains in the years to come while those that buy into the news media will be complaining in the future how they lost and missed the great market we will someday see again.