How do you spell relief?
Ruth Simon of the RealEstateJournal.com (WallStreet Journal) had this to say on how the recent cooling in the real estate market effects home value:
As the housing market cools, one of the hardest decisions facing home sellers is how to price their properties.
Traditionally, brokers have set listing prices by reviewing how much comparable homes sold for in a neighborhood. Now, with prices edging lower in many places and the number of homes on the market climbing, checking comparable sales is becoming less useful. At the same time, many would-be buyers are sitting on the sidelines, waiting to see how far prices will fall. Bigger inventories of unsold homes also are making it harder for sellers to figure out how to make their house stand out amid the competition.
Amen. We've actually seen the absorption rates for Intown Atlanta (a primary indicator of the health of the marketplace) decrease significantly in the last 30 days....