Clark gets a ton of questions about the housing market, as he travels around the country. There is a lot of uncertainty in the market and people wonder what is going to happen. Despite the fact that a few places such as Salt Lake City and Atlantic City are still doing well, housing prices have had the biggest year-over-year drop on record. As a result, some lenders are closing up shop because they had so many “non-performing” loans from people who couldn’t pay their mortgage. So what does it all mean? Great opportunity is coming for homebuyers. Homebuilders are cutting costs because they aren’t getting as many customers. Foreclosures will start popping up, and condominiums will be a huge deal if you know how to negotiate. Condos rose the highest in value, so they have the farthest to fall in price. You don’t want to pay more than 70 percent of what the peak price was in the area on condos. You’ll start to see the best deals in what were the hottest spots of the real estate boom. This won’t happen until late 2007 and early 2008, but keep your eyes open.