Home Sale Trends
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Congratulations on Dick Turpin’s Dec. 1 column, “Trends: Fewer New Families.” It really is due time that potential buyers, sellers and the real estate industry in general become a bit more attuned to what is actually happening in residential home sales.
Living in a middle- to upper-class suburban area, a “bedroom community” bordering Los Angeles on its northwestern edge, I’ve become aware of situation after situation involving actual “depreciation” of residential properties. Of course, we know that the land itself does not go down in value, but the over-inflated spiral of prices on residential property--particularly resales--is already beginning to bottom-out in many areas.
DEBBIE TIDER
Agoura
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