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Old 10-15-2007, 07:18 AM
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Russ_Boston Russ_Boston is offline
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Default Re: Real Estate Prices with excess supply

No such thing in a market economy as 'overpriced'. If anything is actually not priced correctly it will adjust in a free market. You may think that new is more realistically priced at this time BUT if the resales are moving then they must be marked correctly. If they are not moving then they will be adjusted.

It's nothing new and it certainly isn't just applicable to TV. The one thing that TV has going for it from a price point is that it is still a rapidly growing community (at least when compared to most of the country).

As always in Real Estate it's LOCATION, LOCATION, LOCATION!