i've been in the re market/financial biz for quite awhile (my mainstream revenue)...and it's a cycle, for people who make a living doing this and who are still around it's a natural course. we all made huge money for the past few years when it was a sellers market esp. in ca, fl and az...a big reason is the errors of the mortgage business
here is something you guys may enjoy reading...
http://ml-implode.com/ or mortgageimplode.com
cool info site and links