Quote:
Originally Posted by Red
I see homes reduced by 50-80K and still sitting. Have seen some sold for 50K under list just days after it was listed. And these are the 600-700K homes so fairly large reductions percentage wise. No offer is an insult.
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Price will always be sticky downwards. Just because the homeowner got layoff from their job doesn't mean they'll start selling at bottom prices. I expect volume to be low this year because people don't buy houses when they are fearful.