Yes, the real estate market has changed.  Yes, REALTORS are working harder and earning less.  Yes, properties are sitting on the market longer.  Yes, sellers are becoming frustrated.  Yes, some buyers think the market is even worse than it is and that all sellers are getting ready to give their homes away.  And yes, sellers think their property is still appreciating.  All these things are true.  Another thing that is true is that this has happened before and will happen again.  Yes, real estate is cyclical.  It's a seller's market and then it's a buyer's market.   The shift can be swift from one to the other.  As a REALTOR you sometimes wonder which is the hardest market.  The one where there are several buyers for the same property and your buyer is not the lucky one with the winning contract or the one where there are many more listings than there are buyers and your listings aren't the ones purchased.   Among the REALTORS there will be some winners and some losers.  Those who have been in the business for a number of years have been through this before and some of them will say no more.  Others are facing a tough market for the first time having gotten there license when the housing market was booming.  Some of these will see this down turn through and others will disappear.  Whatever happens some REALTORS will survive because we are needed.  We provide a beneficial service to the public in good times and bad.