In my opinion, this IS NOT 2008! So many different and stronger variables than what had taken place in 2008. Please remember, buying real estate is not a short-term investment and Lenders are in the business of making loans so we will see more types of loans become available to fit your budget. As a buyer don't get discouraged and don't give up. As a seller, you may not see as many offers on your home but homes are selling and selling within 7 days if priced to what the market feels is a good value.