However my job is to give people my opinion, and the honest truth.
So it is my opinion that you are 100% correct. I do think there will be an inventory explosion, and I do not think buyer psychology will change.
That is my opinion but not fact.
Now what is a true fact is that real estate has cyclical trends within secular trends like any other market. So yes it is absolutely in a secular downtrend however, the strongest cyclical component in real estate is the spring.
It is backed up with hard data and it is my job to point that out.
Now I DO BELIEVE that slashing pricing now and getting out sooner then later is better. However it is only my opinion but I do tell them that. Also they get lots of other information from other Realtors who may be more optimistic about the spring then I am.
