How to prosper in next real estate downturn

Will next housing bust kill my business? (Part 1)

(This is Part 1 of a three-part series. See Part 2: 8 ways to keep real estate biz afloat and Part 3: Real estate survival of the fittest.)

Some economists are predicting a real estate recession. The boom in California appears to be ending, and many other places are in the midst of a major downturn. Does this harbinger a buyer’s market where there are too many listings and too few buyers?