Wow, houses are more AFFORDABLE!!!????
The bad news just keeps on comin'..../sar
Sold my house in Burbank in 1999 for 268,000, then last year an old neighbor found out the couple we sold it to had resold it for near 550,000. Just recently I found a housing appraisal site from http://www.ditech.com/refinance/appraisal/form.do and found that our old house is now appraising up to about 725,000.... all this for a 1300 sq ft house.
Well it is was 3 blocks from Disney.
Boise values are reasonable comparably but depending on the location many values have increased 50 % here in the last 6 months.
My property tax notice came in the mail today, I'm in Florida.
Our assessed value was up 30% over last year (and those figures were arrived at using 2004 market prices.) Luckily we have a cap on taxes of 3 percent per year on homesteaded properties, otherwise, many would be taxed out of their homes.