Sale volume drives prices down until the inventory declines( on this side of the cycle).

Although the causes of the Great Depression are still uncertain, the basic cause was a sudden loss of confidence in the economic future (hence the decline in stocks.)

His gut tells him that we'll see another 20% to 30% decline as all of this inventory hits the market, so he wants to wait a year, maybe two, until he sees a positive trend.My thinking is that the lower-priced, NOO properties don't have much more to go down, and if they work for me at today's prices and I'm going to own them for 10 to 20 years, I don't really mind if I miss timing the absolute bottom by 20%.

Sometimes an applicant will call you to see if they can work something out if they really want the house--refer back to the reasons they were declined & that it is in writing & move on.

I'm probably more open to it, as I have another property that had declining values due to assesments, and then doubled in two years, after assements were over.But I'm definitely trying to do my homework... in fact this is part of my homework :)

On my portal it says declined, but no reasoning behind it.

If they decline, then the warning will come verbally about trespassing and harassing my tenants.

They drop it to $160K to get a quick sale.Had they been realistic to begin with, or had they reacted fast enough, they could have gotten closer to $190K, but they kept refusing to accept the value decline and didn't want to take a big hit. 

There are areas in every state that are real crap holes.A lot of the rust belt states have declining populations.

.- letter explaining a decline in my business income from one year to the next.