Blogging Broker

Great article from the San Fransisco Chronicle.  Here’s and excerpt:

“One thing that makes homes such fascinating elements in our lives is their illiquidity,” McGinn said. “You can’t wake up tomorrow and look in the newspaper to figure out what your house is worth. It takes work – hiring an appraiser, doing competitive analysis, talking to Realtors. At the end of the day, you never really know what your house is worth until you sell it.” (read more…)

This means that I dont have to work quite so hard to convince someone that their home value has fallen in the last few years