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Commercial Values
It appears that the state of the residential market has had some time to work on the mental aspect of the homeowner.  Well, what do you mean by that statement Joe?  I mean that this new normal that we are experiencing is not going away for some time, probably several years from all that I read and hear from folks.  And many home owners are finally accepting that the value of their home is down significantly from three years ago.  I think Realtors are doing a much better job of providing factual information that supports the current value of their market's homes.  The owners that are selling their homes have figured it out.  If they want to sell their home, they have to price it right, it has to be priced to sell. 
When it comes to commercial properties, the mind set of many owners is to believe that their property's value continues to remain at the same price of when we were at the height of the market.  Maybe its because we're a couple years behind the residential market.  Maybe its because in many ways, the owner is looking at their retirement plan slipping through their fingers.  Maybe its because they have a loan maturity ... more

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