Organic sales (direct sales from sellers to buyers) are way down while foreclosure and distress sales increase in percentage of their market shares.  Sales increases may be viewed as good news by some, but what is taking place is a near term push downward on prices as stagnant bank assets must be sold to infuse cash back into the systems. As unemployment rises and stock values fall where do you see this going?  I listened to this video and even though this is a little on the long side - it raised many great points.  First of all, none of us in real estate are comfortable asking real questions.  It is the same as the person that does not want to look at their bank or investment statements that have come in the mail.  However, those actions do not change the reality that things are not good.

So how does a real home seller sell their home in this market as the compete with bank owned properties?  His point is that that prices will drive down by a bulk push from banks trying to get their books inline.  This video was shot prior to the market fall in October with remove more wealth to buy homes.  Rising unemployment will also eat into our sale of homes as it has always done in the past. 

I would love to hear your thoughts after you viewed the video.  I am not trying to get anyone to subscribe to his newsletter etc.  I am commenting solely on the content of his insights in the video.