MEGAN MCARDLE: The Housing Market Still Isn’t Clearing. “In my neighborhood, almost nothing is coming on the market even though we’re well into spring, and half of what does appear is either utterly decrepit, or wildly overpriced, or both. People are not selling unless they absolutely have to. Nor are people buying. I think the value of our house has dropped, but I can’t be sure because nothing’s moving on the market.” Stuff that’s selling in my neighborhood is selling for about 15% less than it went for a couple of years ago.