Prices may be in the gutter, but American homeowners have their heads in the clouds. No matter the dismal headlines, the bleak reports: they're still holding on for dear life to too-high values on their homes while realtors try to convince them otherwise. "It's like pulling teeth in this market." And, of course, these overly optimistic homeowners are now delaying this market from reaching the inevitable bottom. Don't worry, though -- we'll get there. [SF Gate]
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