I've read several articles suggesting anywhere from 28% to 35% of our GDP comes from real estate.
Not only from the people who buy & sell (real estate agents) and those who lend (mortgage brokers), but also from banks and lending institutions.
In addition there is a boatload of related services, such as law firms, appraisers, all the way down to your local Home Depot and furniture stores. All of whom are being impacted from this continued slowing.
The other point to ponder is "momentum". The average bear market in the stock market lasts about 21 months. But the last one lasted about 3 years. The reason: The bigger the bubble, the longer it takes to work itself out.
The last major real estate correction occurred in 1989-1990 and lasted until 1993ish. That was a relatively small bubble compared to this current one.
This suggests, that we could see prices fall for the next three years at least.
Never catch a falling knife.
Good luck all.
Only in selective markets and not across the board, in all price ranges.