08.10.2008 - National property price drop in America
From Estate Agent Today: One of the US's largest estate agents has asked sellers to drop their prices by as much as ten per cent to help restart the stagnant sector, it has been reported. Coldwell Banker Real Estate said 25,000 sellers will drop their prices in a ten day national price drop, states Reuters. Kathryn Taylor, who listed her home for sale with Coldwell, told the news provider: "This is the first time we're lowering it, and we really didn't want to do that because we listed it to sell."..... Full Article: Source