"Only sellers who are extremely price aggressive are likely to get buyer attention. This may be the perfect storm for buyers with plenty of inventory available, motivated sellers and financing that is very competitive to qualified borrowers."
"At this level it is totally a buyers market with opportunities that we have not seen in recent history, and which may not be available for a long period of time due to the extreme drop in new building permits. For sellers this is a particularly challenging time, with only properties with extremely attractive pricing getting serious consideration from consumers." ~Rosey Koberlein, Chief Executive Officer, Long Companies