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Why do they continue to hang on and try to get big money when the whole dynamics of the economy have changed. How can they expect a working stiff couple that once made 75K a year to buy a 200K+ home when that same couple struggles to make 25K now. Lots of them couples out there now..
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Agents do not set the price of homes listed for sale - sellers do. As an agent I can provide information and advice to a seller - but they make the final decision on where to price the home. I can choose not to take the listing as an overpriced listing does not do me any good either - but often agents hope that sellers will come to their senses and lower the price after they do not have any activity.
Best of luck to you as you search for a home.
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