As the effects to the years sub-prime crisis in the United States echoes around the world. Most are hanging by a thread when it comes to properties. Buyers waiting for the prices to bottom out, realtors having a lot to sell with not many buying and developers with nobody to sell to. Buyers, even with those who are willing to buy are holding back due to more price falls that are expected in the coming year. Realtors are finding it hard to convince buyers due to the said crisis. Developers have gone bankrupt and are holding off on planned development even if people have already placed reservation fees to cover for sleeping capital tied up in unsold homes. Lenders are left to deal with millions upon millions of lost revenue and debt which have to be paid out of their respective companies pockets or face bankruptcy. The woes are still mounting and the future is truly uncertain. Some say it has come to the worst case, some say it�s not as bad as it looks but only time will tell if the housing market is ever going to recover from a record breaking 12-year low in terms of house sales.