Our baseline forecast looks for a 10-30% houseprice decline and expects real residential investment to slow to around 12% next year, half of that recorded this year.
So its nail biting time for people who really need to sell, and, you know, in this environment, the only real way to sell is to have a terrific house or lower the price.
If you find yourself at a real-estate open house and someone offers all cash, and you offer dramatically over the asking price, we will come after you.