A lot of people have spent the last few years talking about this mysterious thing which they call the housing market. The housing market is really nothing more than the people who buy and sell real estate, however, which essentially means that we the people (as well as the companies which facilitate the purchases and the sales of real estate) are the housing market in its entirety. Perhaps referring to it in the third person allows some people to throw off any sort of personal responsibility, but ultimately any credit or blame rests squarely on the shoulders of ordinary people who make real estate deals happen on a daily basis.
Consider that the housing market tends to change in an almost chicken and egg fashion, in some cases based upon what the latest news reports are talking about. When the news says that something is going wrong with the housing market, it simply reinforces a particular message, which a surprisingly large number of people are more than willing to simply go along with and help to support. But when the housing market is doing well (and if you can remember back far enough, that does actually happen from time to time), a lot of people are perfectly willing to help out that trend through their own rather passive activities.
What anyone who really studies our world as it is needs to know is that no matter what any pundit says, we are ultimately the housing market. It is not some kind of a mysterious force over which we have no particular control. It is simply a third person representation of what we are doing (or were doing in the recent past) with our real estate.