- by New Deal democrat
There is a really interesting article by Scott Sambucci today, Housing: Why are new listing [prices] down so sharply?.
It's a really interesting articles with great explanatory graphs. I recommend you go over and read the whole thing. His basic conclusion: unlike prior years since the onset of the housing bust, people (or banks) listing houses for sale for the first time this year are underpricing houses already on the market. In other words, they are throwing in the towel.
