Home Prices Down 25% From 2006 Highs

Home prices in Pico-Robertson are down about 25% from 2006 highs. Overall, real estate in this neighborhood has held up pretty well as more people seek to move in.

Rents dipped in the 2008 recession, about 5%, but have overall stayed close to even the past five years. The high-end rents have dropped a tad but the rest are unchanged.

That’s what I’m hearing from people who buy, sell and rent real estate here.

About Luke Ford

Raised a Seventh-Day Adventist at Avondale College in Australia, Luke Ford moved to California in 1977. He graduated from Placer High School in 1984, reported the news at KAHI/KHYL radio for three years, attended Sierra College and UCLA, was largely bedridden by Chronic Fatigue Syndrome for six years, and converted to Judaism in 1993. From 1997-2007, Luke made his living from blogging. Living by Beverly Hills (Alexander90210.com), he now teaches the Alexander Technique (moving the way the body likes to move). Lessons cost $100 each and last about 45 minutes. In 2011, Luke completed a three-year teaching course at the Alexander Training Institute of Los Angeles. His personal Alexander Technique website is Alexander90210.com. Luke is the author of five books, including: » The Producers: Profiles in Frustration » Yesterday’s News Tomorrow: Inside American Jewish Journalism
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