There are two factors that are major contributors to the declining value as we see it today. First and most obvious is the present economic down turn that has been felt by the housing market for nearly three years. With this said, our understanding needs to be that the majority of homes nation wide have decreased in value...this would include historical homes. Which we have been owners of since 1980.
The second factor is one of declining interest in historu in general. During the Bi-Centennial era history was "hot" and the public looked for ways to connect with anything related to the topic of history-antiques, geneology, homes, etc. collecting anything old became nearly a national pastime.
What we have witnessed over the past 10 years is a gradual shift away from history and a fascination with newer, better, and functional.
We feel this is a trend that will once again shift and bring history and historial homes back into the lime light. Historical items will always have appeal and hold their value....provided they are protected and cared for.
The Eckler Team
Michael Saunders & Company