Check this out & see how long house prices stagnate. Besides the lower they go the more likely you are to find a buyer. Most will have walked by then if they have worked out the demographics as in paying off a 350k mortgage on a 300k p/y.
http://www.nytimes.com/interactive/2008/10/18/business/20081019-metrics-graphic.html?hp
sixty minutes, page-46
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