Today's front page of the Poughkeepsie Journal "Housing Sales Slip Further"

I've received numerous calls from current clients, past clients and collegues about this article. I'm curious what your thoughts are? The article does a good job explaining the current market statistics and what's taking place. In my opinion, there are still to many sellers "on fishing expeditions" as Sandy Tambone of the Mid-Hudson MLS puts it. Too many sellers just aren't accepting the fact that the market has changed. So what will the market do? I'm afraid if sellers don't start coming around soon, this market is headed much lower. I believe if sellers would recognize the current state of the market (which isn't that bad in my opinion), with interest rates still low, this market would level off. So how do we do this? Well, first off, brokers and agents alike need to step up and have those hard nose conversations about the price of their listings with thier clients. I understand no one likes to give bad news, but it has to be done.  Next, we need to get rid of the "froth" of inexperienced and part time hobbyist that call themselves professionals. The good part of a down market is those agents that don't treat this like a business and believed Real Estate was easy money are quickly realizing that isn't the case. Finally, agents need to stop taking listings for exposure only and only take listings from sellers who truly want to sell - not go fishing! As professionals its our responsiblity to give accurate accounting of the current market and what it takes to sell in a buyers market. So what are your thoughts, I'd love your feedback.