Christopher
I agree with your post and your opinion regarding prices…just a few days ago I wrote an article on one of my blogs entitled “Mortgage Interest rates continue to fall…life support for the ailing real estate market but not the cure” ( )
My article addressed the 4-point plan being pushed by the National Association of REALTORS(R) to congress which includes the Treasury buying home mortgage rates down to 4.5%. My feeling is interest rates aren't the problem (we are already at record lows) I think the problem is price…it appears you and I are on the same page.
http://realestateconsumernews.com/financing/home-mortgage-interest-rates-continue-to-falllife-support-for-the-ailing-real-estate-market-but-not-the-cure/

While the bears are ruling the stock market, there is a different asset class where the bulls are keeping away. Speculative investors in real estate market are retreating, at least in the Delhi-NCR region.Some foremost developers based in the region say it is becoming more and more complicated for them to sell flats at launch stage due to lack of interest from speculators. This reflects on the inherent demand structure in the real estate market.

and very few of those loans would have gone bad if banks weren't black mailed into offering loans to borrowers who couldn't afford them.

The Community Reinvestment , was passed by Congress in 1977 to reduce discriminatory credit practices against low-income neighborhoods, a practice known as redlining. Community Organizers (ACORN) seized this legislation and black mailed banks.

Most of say you would not pay over a hundred dollars for jeans, but I bet you paid overpaid by hundreds of thousands for your living accommadations. For what? So you can brag about it! “Yea I I paid top dollar for my condo in TO’s hot real estate market. Now! I wear $20 dollar jeans I had to hunt for on sale. Ooh! come to my house for a coffee? Sorry I don’t have any espresso beans. Why? I can’t afford them.” Go milk a cow with your $20 jeans. I’ll be at the corner cafe with my bespoke jeans on laughing and enjoy my premium miachado! Its about Toronto Life! not HOGTOWN.

I didn't know that. There may be much under the surface that we won't know about. It seems logical that three had to be some safe guards in there that people actually could make the payments.
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That is a good indicator of a real estate company's ability to move or sell houses they are contracted to sell.

I am also equally sure that some one in the real estate firm is putting these numbers together as a selling point for new business.

You might want to contact several of you local real estate firms, find out if they do keep these stats. If they do not perhaps you could sell them on the idea of you doing them as a selling tool for their office.

You should especially contact the mom and pop real estate offices as they might not have the staff to accomplish this .

How the accomplish this, I am not sure, perhaps they have developed a program to retrieve these numbers, but you never know until you ask.

I hope this has been of some benefit to you, good luck.

"FIGHT ON"