[quote]”The sellers think the market’s coming back. They’ve tacked on an extra 5 to 10 to 15%. The buyers aren’t going for it,” says Jim Klinge, a real-estate agent in Carlsbad, Calif. Over the next six months, “it’s going to feel like a double-dip because sellers are going to have to lower their prices.”
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Jim is right of course. I’ve seen it in my neck of the woods as well. a couple of resales sold for a decent price, and suddenly everyone that bought at the peak thought they can start unloading at near peak pricing. thus creating a glut of inventory. in the end, the short sales/foreclosures priced at $200k less end up being the only ones sold.
