You can look at it that way...
I look at it as opportunity. It wont hold me out. It will lower prices further as there will be less support (where will the first home buyers be to buy and support the market bottom?) There will be some...and I'll be one, but I'll buy when the time is right.
Banks are getting shaky on lending and thats fine by me...I'd rather house prices fall than go up while I'm saving.
Another 10% fall next year will fine by me.