it seems to me like no matter which way we go, price depreciation orflattening could be going on for a long time.
query whether the lack of price information in the marketplace might be bad for sellers, in the sense that potential buyers might tend to overestimate the amount of the principal reductions. The lack of transparency might not inure to the benefit of the seller (maybe it wouldve in the old days, when everyone ssumed the sky was the limit). If I offered a lowball offer, saying, hell, this is what i think it’s worth, would the bank then come back and say no, the guy who was in the house before you thought it was worth more, and he signed a loan mod saying so.
