Dave Phillips: Anatomy of an Overpriced Listing

Dave Phillips, CEO of CAAR and a frequent welcome commenter on this blog, has an astute post over at the CAAR Blog about how to accurately price a property in this laggard market.He notes that every property has a "magic price"--the one at which it will sell. The Bubble Blog fully agrees with this. Part of what we hope we're doing is "encouraging" sellers to find magic prices, to get more