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Per ABC nightly news tonight...
"After rebounding in 2009 and 2010, national home prices have sagged to another low in what housing experts are calling a "double dip."
Falling for the eight consecutive month, the S&P/Case-Shiller Home Price Index reveals that home prices in major metro areas are back to mid-2002 levels, with no end to the declines in sight. The 20-city National Index dropped 4.2 percent in the first quarter after having fallen 3.6 percent in the final quarter of 2010."
My mom received the notice.... a $16,000 increase, more than 10%. I blame the house for sell next door, those people are crazy for asking what they are.
That's right, Lamppost.RE: AP ... Nationally, foreclosures account for 28% of all home sales and they sell at a 36% discount. At present sales volume, it would take 3 years to sell all.RE: National Assn. of Realtors, Pending Home Sales Index dropped 11.6% in AprilRE: Realty Trac, In Texas, 12% of all home sales are foreclosures at a 25.24% discount.
We are all so fortunate to live in this oasis of prosperity and rising home values called Victoria, Texas! I wonder why the major news networks are not down here to study what we are doing right?I'm sure that it couldn't possibly be the people doing the appraisals!
Just because the home value didn't go up, it does NOT mean the land value didn't go up. People should always request a copy of their appraisal card to review it EACH YEAR for accuracy!