L.A. real estate prices
Bob Morris @ May 10th 2007 15:35 - Category: Credit crisis ;
Our real estate agent in L.A. (a long-time friend) says the house we sold there on Jan. 28 2007, based on current comparables, would now be going for 15-20% less - a quite steep decline in just 3 1/2 months.
He’s a savvy broker/investor in the San Fernando Valley who been at it for twenty five years and says looks like we got out at just the right moment. Or maybe it was the last possible good moment.
Right after we sold is when the subprime debacle hit…





