Real-Estate Speculators, Pulling Back, Help Fed Remove `Froth'

Bloomberg reports:

Lisa Tershak is offering to pay $5,500 in cash to anyone who buys her three-bedroom house in Leesburg, Virginia, near Washington.

She's reduced the investment property's asking price five times since July to $464,900, not far from the $450,000 she paid for it in March. ``There's too much inventory,'' says Tershak, 35. ``Everyone felt the bust coming and decided to dump their properties at the same time.''