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Meet the flockers
We haven't seen this much peer pressure since high school. Buyers wait for others to jump in. And sellers won't budge on price till neighbors drop theirs. TECHIE music buffs know that today's must-have device is an iPod. So they buy them, en masse. Real estate aficionados know that we're in a downturning market. So buyers wait and sellers hold out, en bloc. The group-think is the same, only the settings are different.