2010-09-24 — wsj.com
Zip found that many home sellers are slashing prices by as much as 60% off what they originally hoped to get. The implication, it seems, is that these are “deals.â€
But the other implication is that home sellers are coming to grips with their unrealistic expectations and just want to sell their home. “The only way to sell a home in this environment is to drop the price,†says John Burns, a housing consultant based in Irvine, Calif., in this WSJ story today on the stalled housing market.
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