A thought about the real estate industry

Today I am sitting at a hotel in Salem waiting for a class to start. 8 hours today and 8 hours tomorrow (that is so long to sit). It is the CDPE class. Certified Distresed Property Expert. Essentially, just some initials to put on my business card. But I am learning how to handle short sales and work with banks better to get these deals closed.
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Statistics say 60% of home sales across the nation are either short sales or bank owned. 60% !! That is huge!!! So it is time to ride the wave, if that is how I have to work to make money, then so be it.
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What that statistic tells me is that only 40% of homes selling have buyers who can buy again. That is the best case scenario. Now that is assuming the other 40% had good credit, which is not a guaranteed thing either. Many of those people could have still been behind on their payments, just not in a negative equity situation. The most likely reason being because they bought before the market increased.
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Out of that 40% we have to also consider those who may have had a spouse lose a job and no longer could qualify for a mortgage and those whom are holding out for the market to drop even more......and you can see the real crisis.
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The $8,000 tax credit and wonderfully low rates on mortgages have created a flurry of home sales in the $180,000 range. Houses above that are sitting for a long time and just not selling.............why? Becuase those houses are typically bought by second or third time buyers and they are NOT buying.....