Chuck in Ca
Unfortunately the term "reasonable" is being redifined as far as housing is concerned. All these housing sales we are reading about are recorded sales but if you notice they rarely say at what price.
Every house can sell at the right price. WE were caught up in the downslide for it took us 20 months to finally sell our house in N Va last year. I dont think we will see a housing market that we were used to in 2001 - 2006 for a number of years to come so hard decisions by many will have to be made.
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