When you say you hope that 2007 will be very sobering for home owners. Do you mean that because you want prices to go down? Or do you mean that because homeowners are not realistic right now, and it is making it very difficult for realtors to sell houses?
I know that the people who had their house on the market last year and it didn’t do well, then decided to pull theirs off of the market to wait till “spring” will def. have an eye opener. I put a bid on a house last year that I thought was very fair, and the home owner was so offended she pulled it off of the market. I think that is hilarious now.