THERE IS A LONG LONG WAY DOWN...FROM HERE...
IN MANY MARKETS THERE SIMPLY IS NO MARKET...HOW TO SET PRICES THEN...?
DON'T BUY ANYTHING NOW...IT WILL BE CHEAPER LATER...
OR, MAKE A RIDICULOUS OFFER...LIKE 50% OR 33% OF ASKING PRICE...AND SIT BACK AND WAIT...
THE BUYER WILL TAKE IT...!! THESE PEOPLE ARE DESPERATE...!!
OF COURSE A LOT OF THEM ARE SO "UNDER WATER" THAT THE HOUSE IS UNSALEABLE...JUST LET THE BANKS TAKE THOSE...EVEN BANKS WILL BE DESPERATE AS TIME GOES ON.