Trulia.com reports that across the country sellers continue to lower their asking prices. They report that nationally, approximately 26% of sellers lowered their asking price in August. For some observers this is a problematic trend. Trulia points out that in August the number of price reductions declined in almost half of our largest cities compared to July. Hopefully this is a sign of prices stabalizing.
The mansion in California where Michael Jackson lived up until his death more than a year ago is for sale. Heck, even his home has come down in price. In 2008 it was listed for $39 million and now it is all the way down to $29 million. Fans of Micheal's are not allowed to look through the home. There is an extensive screening process and credit check required before someone is shown the home.
Here in the Puget Sound Area we have seen price declines but thankfully not to the extent that has been experienced in California, Arizona, Nevada, Michigan, and Florida.
Call me when you are ready to buy or sell a home. I'll take good care of you.
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