Quote:
Originally posted by Wayne at Pelican Parts
Meaning: demand will soar if you give BIG discounts. Owners with existing homes for sale will need to take a lesson here, and learn it fast...
-Wayne
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Prices don't really mean a lot to the average RE agent, they just need to SELL! Prices around here have been dropping like a stone. Volume is brisk this spring and all the RE agents are smiling.
The folks who bought at inflated prices with negative amortization short term loans are crying for sure, but the RE agents are happy as they can be.