Is Greed to Blame for the Real Estate Slump? Check Yourself and Neighbor's Motives

For quite some time now, the real estate market has not been able to climb out of the slump it has been in. Many people are saying that greed was the source of the slump. They are talking about real estate agent greed, builder greed, mortgage industry greed, seller greed and buyer greed. So greed in every part of the real estate market has brought the slowdown.

Buyers are expecting more for less. Developers are offering incentives like multiple free mortgage payments and significant upgrades for free. No wonder that the seller of an existing home can not compete with that. Many observers are blaming real estate agents who have been encouraging sellers to list their homes at sky-high prices. They convince the sellers that their homes are worth more than they actually are. No wonder that you will see "For sale" signs all over the place. That does not mean that the prices are coming down any time soon.