“‘You want to get out of the market,’ he said. Christopher Thornberg, the former UCLA Anderson Forecast economist who predicted the ‘housing bubble’ since 2002, said that sellers’ only hope is to ‘price to sell.’” Only this time, the sagging market often means taking a loss if the home was bought in 2005 or 2006. “Many home sellers, bogged down in a housing downturn, are now doing the only thing they can to sell, dropping prices. The Bay Area Newsgroup reports from California.
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