Hang in there Matt… many people are still in the denial stage… they also get reenforcement from the realtor. They price their home from sold comps from the spring or even prior to that… they are stubborn… they are emotional… they think spring will save them…they here that it will bottom out in 08… they hear NAR…
The REO account managers you would think, would be smarter but they are not. Also as long as auctions get sheeple to buy at higher prices the account managers will keep the MLS homes priced high and if they don’t sell, they pull em off the MLS and send them to auction rather then keeping them on the MLS for a cut rate price….
It will take time but it will happen. It is frustrating.
