That's because people don't want to sell for less than what they owe or less than what they think they deserve. Do you think someone is making these people hold their price?
The market will force these people to lower their price if they really want to sell. It may take awhile, but it will happen eventually.
>>>Do you think someone is making these people hold their price?
Actually, I do think that now :)
I just read some interesting insight about professional flippers on they other running thread.
I will ping you if you are interested.