Estate Values Fall Alongside Home Values

Evidence that the real estate market has yet to recover, celebrities continue to take big hits on their multi-million dollar homes, just as regular people do on their more modest homes.  For example, in September of 2008 Britney spears listed her home for $7.9 million, but recently pulled the listing and re-listed the home for $5.5 million.

When the value of homes fall, the value of the homeowner’s estate falls as well.  And when the value of homes begin to rise again, whenever that might be, the value of estates will rise again as well. 

See

TMZ, Britney Takes a Hit … in the Housing Market, March 17, 2010.

Special thanks to David S. Luber (Attorney at law, Florida Probate Attorney Wills and Estates Law Firm) for bringing this to my attention.