Everyone here (Newport News, VA) is actually talking about how the housing market is finally picking back up. Then again, I just got my city assesment and it was down another 15%. At least my taxes are going down.
Up here in Taxachusetts - even though my property value has decreased of late - the taxes keep going up and up.
Ain’t it neat how THAT happens? Thud
The housing market is up dramatically in the Lehigh Valley of PA compared to this time last year. The newspaper just had a front page spread about how it has improved.
Realtors say the glut of foreclosures have been dealt with and if a house is priced reasonably, it will sell quickly.
Values have not rebounded much, just sales. But increased sales means increased buyers and when there are more buyers out there competing, chances are prices will improve.
The majority of buyers at this point are first time buyers and empty nesters looking to downsize. Current owners are not upsizing yet, but that may come.