[Rollee]

Yes. I sell RE in the SW suburbs of Chicago and just got off the phone with a stubborn client who thinks her house should have appreciated 3% in one year. She ignores the fact that buyers are nervous about the turbulent times we are living in. Consequently, she has turned down a good offer and will do so again.

I hear people in my office talking about people making conservative offers. Houses are staying on the market for longer than they did. It will be an interesting year.

[caltrop]

One inner city terrorist attack will, I'd imagine, empty the inventory of houses/condos currently on the market in the suburbs - particularly in NY and DC.

[the gillman@blacklagoon.com]

I've been pestering my wife for the last few years to sell all our properties and vanish. She's finally agreed to sell in the spring but I think we're about to drop like a rock.
I'm in northern Rhode Island. We're not getting the people fleeing the high priced Boston market anymore.

I hope I don't have to wait this out. Not sure there will be a recovery for years.

[MeneMeneTekelUpharsin]

You need to read the story about Greenspan's comments today. Here's the link:

Click here for other thread.