house prices might tell us where we are headed, page-3

2% ?????


So if I owned a house and was selling it for $600k, now I can only get $588k for it.

Excuse my ignorance but anything less than around 5% is the amount people traditionaly negotiate and up to 10% would be the difference between a well presented property and not, or a slightly well maintained flower garden and lawn area.

How anyone can confidently call a 2% drop is beyond me especially when talking real estate where every 2nd hand property is virtually unique.

I even head 1% being called not long ago....

Ridiculous if you ask me.