I agree with your “market value” comment. They are priced below last summer’s market value. So they should say “Priced below last summer’s market value, but priced $10K above today’s market value” if they were honest.
I am holding out for a 50% drop in real estate.
And owning a house isn’t really all it’s cracked up to be. This is my conclusion after 15 years of owning 3 different homes, and then renting 2 homes over 3 years. I am a happy renter.
