How can you get a rebound with the high inventory? What buyer would offer rebound pricing, i.e. a higher offer than need be? Realtors are helping their clients to lowball on every offer. As long as inventory is so high, offers will be lowballed, except in the most desireable neighborhoods. Even there, with multiple homes to choose from, buyers will offer below list price to try to get the best deal.
I agree that most people have no idea this market is sinking for many years. I’m thinking of a home-made bumper sticker that reads: Real Estate Market is Crashing – Sell Now and Don’t Buy Until 2008. Will anyone shoot me?