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Reduced at least 30%. on the one hand it s bad for sellers, but it s got to be is it a lure for buyers? it would seem that this makes this a buyers market right now? first to be clear, what that statistic is that 30% or more of the listings in those areas in 22 of the largest 50 cities have had price reductions. yes, absolutely. we hear this noyes news and it sounds like double dip, more recession. it sounds like it s bad news, but if you are a buyer. listen to this statistic. $27 billion is what has been cut off of the prices of these homes when we re looking at these price reductions. that is a huge summer sale, essentially, for home buyers. right. right? so they are definitely in the power position in terms of the negotiating table. all right. tara, thank you. slumping home prices, one issue of concern on the economy. the president tackled the issue of jobs urging republicans to stop urging the obstruction of unemployment benefits. ....