I've seen many people who are still trying to sell Jacksonville real estate refusing to lower prices despite the national slump in the real estate market.  As a result, those homes are sitting unsold. I agree very much with this article that listers beleive their homes are still worth what they were two years ago.

http://money.cnn.com/2007/06/21/real_estate/housing_perception_gap/index.htm?postversion=2007062114

 

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