Stalemate Sales Market

Buyers don't want to pay 2006 prices, seller's aren't moving off the highest closing sale numbers attained in their market. Thus no new supply, limited demand , creating stagnation and it looks like it will here for the rest of 2008. With very few foreclosures in the commercial arena, there will be a fall/winter scenario being set-up for the pivot pt. to move the mkt. in one direction or the other. The best bet right now would be for LOWER prices and even more lower prices as we get into 1st quarter of 2009. Local lenders are trying their best to gather mkt. share from the big guys as they try to get their house back in order.