Feeling Misled on Home Price, Buyers Sue Agent



Sorry I haven’t polished my crystal ball lately; and yes prices have dropped in the last year. 
And yes, I think they will go back up because they always do– wish I knew the date, but I don’t.

And I think everyone of my clients has heard my personal story: 

Purchased my Glendale hills home in October 1989 at the height of the market for about $660k

Sold it in 95 for about $450k, the 200k down payment and closing costs lost
BUT
In ’95 was able to purchase in La Canada for about $660k; and yes this home now is worth around $2,000,000

So yes, they go up, they go down, but the prices seem to always go higher than they were before.