Housing market is showing signs of cracking: 'Anything-goes list-price strategy is no longer working

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1. I thought that happened a while ago....

I thought the "Anything goes list price strategy" stopped after the crash of....whenever it was.

My wife works in real estate at the corporate level and she said the problem there is the same problem as everywhere else in America these days and that's the fact that the industry and it's moves and marketing and emphasis has been on high end wealthy types who want big homes, which to the point of the article there is already a lot of inventory of.

She said the starter home/mid range market is still strong but that's not what's being emphasized and having money thrown at it by the real estate industry.

And it's made worse by the fact that everyone who wants to buy these super expensive mansions and high end houses want it to be exactly like they want, down to every detail, which is obviously never going to happen given that people have different tastes. So not only is there a glut of inventory, people are being more picky.