The best thing the RE agents could do is encourage vendors to cut prices to a level that will see buyers re enter the market.
For the agents on a day to day basis that would be good news. Trouble is, 90% of them are up to the hilt in their own deals, and the whole industry can't allow the valuation bubble to be well and truly pricked.
So we have the current phoney situation where everyone knows prices are too high and there's very little activity.
