[Bubbalarry]

Having spent weeks,days and hours looking at resales & new homes, etc.,in TV my wife and I decided on new because most resales seemed overpriced compared to the costs and discounts of new.

Until the resellers rethink and lower the prices, homes are going to sit for the most part. It might be wise for them to wait till 2009/10 or later to put it on the market if they need to get the most out of it.

As for myself we own a beach front shore house in Ocean City, NJ. In the fall of 2006 were offered 3.2 M and said no thanks. Now that same house when we tried to sell it this year having gotten tired of it got offered 2.1 M.

So it's gonna sit awhile.