This is a home that we recently viewed and analyzed. Talk about falling prices! This home in Olivette, in the Ladue School district, was once listed at $949,500. It sets on a large yard of 0.697 acres in a private setting. Total of 6 bedrooms, 4666 square feet. Again, the price on this home has dropped approximately $280,000!
This is for all of you data Geeks out there. Here’s what to look for:
In the upper right hand corner you will see the median income for the American household.
The rest of the graph shows what’s called the Schiller Index which covers the major housing markets and the median price for homes. The pain, or the gain, is in the difference between household median income and median prices for real estate.
Things will start kind of slow at first, but then watch what happens around 2000 and 2007.
We usually share pictures of homes here … but we thought this was interesting. “SinkPositive” is a innovative product that saves space and water, retrofits most existing toilets, and reminds your kids to wash their hands! Click for article.
Seen any innovative home products you would like to share?
Leave us a comment!