A study of UK real estate showed that, particularly in London, the local real estate market is depressed because sellers and real estate agents have inflated opinions of home prices. Sales are down near 50% which means the price of homes for sale is falling. Another factor that’s contributing to this growing downward tendency is that many sellers tend to have an inflated idea of what their properties are worth and for this reason, they reject larger numbers of offers. There’s often a 30% difference between the value expected by the seller and the price the buyer is willing to pay. A seller who’s offering