Market

Currently it is all about pricing. With most units on the market at 2007 or 2008 prices nothing will get sold. A lot of people are tricked into thinking that if they hire a broker or get into the RLS, that will change their results with bad pricing.

Well the only way to change your results is to price effectively and that is near or below 2005 levels. No matter the exposure, bad pricing will only result in a lack of tangible results. Their is a a big gap between sellers and buyers and the tepid market will continue until that gap is closed. With market reports showing drops in prices approx 21% and sellers holding their ground, we have an arduous road ahead in 2009.

2010 should bring more clarity as the gap will narrow.