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LOL, at each price interval you have X demand, the higher the price the lower the demand. The reverse is also true, the higher the demand the more the supply. The banks demanded and got lower and lower rates trying to build demand, it did not nor does it ever work. In order to clear out the current inventory you will need to reduce price to a much, much, lower level. A person with good credit but having a low paying low skill job can only pay so much for a home. The current price of $130,000.00 plus home is way above that level.

http://en.wikipedia.org/wiki/Supply_and_demand

Don't pay any attention to those real estate con-jobs about current investment, the bottom is still one are two years away. The other day I read that there had been 11,000 homes foreclosed in Gwenette county GA. this year, that is a drop in the bucket for the current 10 million unsold homes and the other few million lots developed but not built on. The inventory of unsold homes is actually increasing due to foreclosure.