Cutting prices on high-end homes

The Los Angeles Times reported on October 19 that sellers of high-end homes must reduce prices. Experts say that this is typical of the latter stages of a housing boom. it is also a leading indicator that the overall housing market is beginning to lose steam.

View the full article at http://www.latimes.com/classified/realestate/news/la-fi-homes20oct20,0,6200919.story?coll=la-class-realestate-news