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Coldwell Banker Throws A Big Recession Sale

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Under the guise of helping "jump-start the U.S. real estate market," but also clearly a big marketing move, Coldwell Banker today launched the first-ever, 10-day national real estate sale. Reuters wrote about it earlier this week: "Most owners still are unrealistic when pricing their homes, and a reduction of 10 percent or less would push the properties "over the tipping point to a sale," according to Coldwell Banker, which is based in Parsipanny, New Jersey, and is part of Realogy Corp." Here's the link to all the Los Angeles properties. Pictured above is a home that's now priced at $399,000 at 1900 W. 78th Place, but it looks like many homes are far, far more expensive.
· California Moves [Official Site]