The realtor might be right on one score – prices aren’t coming down in lots of areas… Before everyone attacks – I just want to point out that the houses that are selling are the really good ones, the rest of the market can’t sell!
There are NO buyers! Many of the houses which would be on the market are withdrawn or not there. I know of 2 people who HAVE to sell their homes, but they have opted to ‘wait it out’ and have withdrawn their homes. There is a huge, huge phantom inventory out there – people who economically want / need to sell but won’t give it away… Yet…
Wait till the market stays negative for the next couple of years. It will be a bloodbath.
