Falling house prices should facilitate a buyer's market; not so, according to the Wall Street Journal. A decline in prices, especially in the last few quarters, is making sellers reluctant to give discounts, and without the reassurance of a discount, buyers are hesitant. This awkward catch 22 has inspired a growth in interest in bank-owned foreclosures which are, to buyers' frustration, being snapped up by wealthy investors willing to pay cash. Sellers are also having problems competing with foreclosures read more

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