by K. J. Mullen on May 25, 2010
in Builders, Buyers, Home Values, Homeowners, Investors, Lenders, News, Professionals, Realtors, Sellers
Image via Wikipedia
The news, both locally and nationally, has been upbeat on housing recently. The stimulus packages from the feds has brought some welcome relief to the market, however they have expired. Now we look to see what will happen.
Well, from the sales standpoint, the news is positive and hopeful. However, those that study the market seem to be concerned. The concern: pricing.
Appraisers tend to look at the Case-Shiller Index to get a trend of pricing in their respective markets. The upbeat news on housing sales (both new and existing) seems to have kept consumers optimistic of their view of the economy despite the reports that home prices have been falling for the past six months.
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Image by Rev. Xanatos Satanicos Bombasticos (ClintJCL) via Flickr
Ah yes, Property Taxes, a less than popular subject for many a homeowner!! In today’s real estate market, many homeowners are faced with property taxes based upon assessed values that do not necessarily reflect the current market conditions. This could cause some financial grief for the homeowner.
In order for someone to understand the property tax process, we thought this site may help: Charmeck. It is Mecklenburg County’s site and gives a good overview of property taxes. If you want to see the abbreviated budget for sections of the County, check out FY 2009-2010 Budget in Brief. This presentation gives you an indication of where the money comes from and what it is used for.
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