A blog reader sent me this link to an article with this intro

"Not a pretty story but interesting none the less."

http://www.msnbc.msn.com/id/21103880/site/newsweek/

Towards the end of the article they say the following which pretty much sums up where home sellers find themselves these days...

"Too much of our boom-time excitement was over paper wealth. For a few years we lived through a nationwide house party fueled by backyard-barbecue chatter, less than scientific Zillow estimates and vague notions of value."