Good news for buyers and investors: home prices in much of the country have already reset and may be near a turning point, even though more sellers than buyers on the market has people fearing a crash.

• More sellers than buyers right now does not mean prices will fall — history shows the opposite, since homes are people's houses and don't have to sell.
• Overbuilt Sunbelt markets like Austin, parts of Florida, Phoenix, and inland California already fell 25–30% and are now finding their bottom.
• Underbuilt and tighter-regulated markets like New York, Ohio, San Francisco, and the Northeast are still seeing strong price growth.
• The bet is that this is the decade to buy real estate, with money going heavily into property over stocks.
• One Santa Clara fixer-upper is pitched as a $200,000–$300,000 equity play after adding a bathroom, based on nearby flips selling for far more.

Outlook: With overbuilt areas absorbing extra supply and other markets still tight, home prices look set to hold or climb from here rather than crash.