According to the latest market report from Warren Group, single-family home prices for the month of November fell 16.7 percent to a median of $275,000 in Massachusetts, the steepest decline in more than 20 years. The number of single-family sales plunged by 18.4 percent in November compared to the same period in 2007. We are really just beginning to see the ramifications of the stock market decline earlier this fall. With average stock losses in the 40-50 percent range, many people lost their retirement, and with it, the necessary down-payments for a new home. We are seeing general fear and panic across the board when it comes to investing in a new home, with many buyers opting to lease or simply stay-put. Some buyers, those with some cash left, are grasping the opportunity and picking up fantastic deals. They aren’t worried the Boston real estate market will tank next year; they are planning to hold these investments for 10 years or more, retiring on the rental income. These are the people who will take advantage of this market to become extremely wealthy.