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Sort of rising but it really depends on the property. If it's old then it's going down. If it's bare land or new construction it's up a bit. I live in a rather job poor, depressed area but people from New York City or Long Island, like to have a vacation home up here so there is a market for them.
falling at a pretty fast rate,I hate to say it, but the house down the street won't sell at all, neighborhoods nice, just can't get a buyer.
I live in USA, Georgia, Atlanta where property values are down about 7%. The good news is that since I bought my house, the value is up 32%.
Personally, Sir, mine has gone up like 30% in the past year. Can't speak for anyone else here, as I have no idea or their assessments.
Rising :)
In my area they are falling but not rapidly (Suburban Boston area.)
falling drastically
I live in S. Florida, the property values are falling more and more everyday.
I live in Nova Scotia, Canada. The property values here have risen dramatically in the last few years. Homes that were being sold in the $80000.00 range a few years ago are selling well over the $100000.mark now. I bought my current home 2 years ago and plan on getting $30000 more than what I paid for it, when I put it on the market this spring.
Rising here as people are moving in from larger towns and cities seeking a quieter place.
Of course, this can only go on so long or we will become one of those larger areas.
Oct 16, 2008. After a 20% fall condos on the beach in Ft. Lauderdale, seem to be flattening out in value. However, prices for identical apartments vary more than they did two or three years ago.
In the immediate area, falling. Dramatically so.
Falling.:)
Falling.
In india property market continuously booming.
I live in Panama City, Panama. This seems to be one of the few places in the World that has not been too badly affected by the credit crunch. I hope this continues to be the case. I believe this is due to the fact that the real estate market here is not driven by tourism; the tourism industry drives real estate markets in many emerging real estate markets. I would contact http://www.knightsbridgeinvest.com for more information of real estate in Panama, there service is very good and they do respond to your questions, unlike many other real estate companies I had contacted in the past.
falling like a parajumper
I live in Southern California and the housing market has taken a crash big time! I was in the real estate industry for 13 years...this is the worse I have seen.
here in our country, stocks and real estate are down as of this date
Minnesota has not been as adversely impacted as other markets. However, we have not been immune either. Some areas, however, have begun to rise from their bottoms.
This has presented an interesting buying opportunity to many investors and first-time home buyers -- particularly in "bad neighborhoods".
Personally, my home has probably lost $50K to $80K in value from its peak.
Rising. Like 5 years ago wen my dad bought a house to rent, it was only like 30,000. Now houses smaller than that are like 50,000!!! Its def raising
Five years, it was going up. Now it's stopped and new construction is selling for less. My home holds its value on paper, but if I tried to sell it, I wouldn't get near the amount of the bank loan.
Falling, any room at your place keithold?...:)
(I'll bring beer yo...)
They are falling about 20% and are figured to fall another 20%-30% after 2010.
They fell fast and hard, then they stayed stablew but low for awhile now they are fluctuating so fast again but mostly to the negative...
There will not be an improvement here for a few years at least.
*Yet the million dollar homes right around the corner are doing just fine and dandy!
Falling. According to the local paper, they dropped 3.5% last quarter.
Still falling but they are starting to level off. (Sacramento, CA)
Falling slightly.
Rising here.
Rising slightly. Read about it before I moved there so I would come out on top.
Starting to rise just a bit. (Midwest US)
I worked on my house getting it ready to sell during the lull. Might have been successful: we'll see.
Falling ... unfortunatly... probably for another 9 to15 months
They are falling but not as fast as they were.
Still falling, keithold. Your questions was asked almost a year ago when things were not so grim and liars/cheaters/thieves/criminals were scamming us. The fall continues and will probably continue through 2009 and even part into 2010 unless something causes the trend to change. Happy Tuesday! :)
Value dropping and taxes going up.
down in the hole
I live on the outskirts of Melbourne in Australia.
We've been having a real property boom, but after so very long, homes closer to the CBD have become almost unaffordable.
New freeways etc have seen the outer areas begin to appeal, and in turn, they're now being sought after, which has started another boom.
We have a huge shortage of homes, especially rentals, so investors are buying up anything affordable for the booming rental market.
Despite the Global Financial crash, Melbourne is the place to be for property investment, or even a reasonably priced first home, but you'd better hurry, because things are changing rapidly.
The demand for new homes will be with us for at least the next ten years, which will only drive prices for existing homes even higher.
in California, they are falling.
Rising, of course. I own property on that island that's being formed off the coast of Hawaii
In the Phoenix area, prices are way down.
So. Cal. is dropping at a scary pace! We bought almost 3 years ago and our home's value is down about (more or less) 50%!!! I believe that it is due to THOUSANDS of foreclosures in our county alone! I feel very fortunate that our income hasn't decreased, however, due to the decrease in value as well as the loan that we were sold, our payment has nearly doubled.... Shit has hit the fan in my area!
The bottom fell out months ago and there is no end in sight!
Rising in a frightening way. And there are no rental properties to be found. The area where I live is in the middle of farming country where there have been bumper crops this year. Two ethanol plants are under construction. They are sinking holes for oil/natural gas and planning to put in a pipeline to move it out. And plans are underway to build a new potash (fertilizer) mine just ten minutes south of town. All of this is happening in a place with only 17000 people. When everything comes on line, the population will probably double.
Alan Greenspan once said that people expect to get back their total amount of their house plus interest and taxes that they paid, when they sell. That still applies to my area. Except, people want a little profit on top of that also. Greedy !
on the way down, 10% drop on average to date, no sign of a let up yet, talk could be up to 25% within two years if current trends continue.
Our area, east of Atlanta, has been dropping for the last couple of years. We have a huge foreclosure rate. There are new subdivisions everywhere with vacant houses and bare lots. I sold my house 3 1/2 years ago for $145k now it would only sell if listed around $100-110k!
Chicago Land
Falling, but I hope they will show to be leveling off this spring.
rising and rising due to the construction of over head bridge and under passes at the distence of 1 and 4 kilometer
I'm in Australia.
I recently moved from country Victoria to Melbourne. I chose an area on the boundary of the Metropolitan area and rural Victoria.
To my surprise, an outer ring freeway was announced and to add to this, an extension of an existing freeway was also announced to connect with it.
Weeks later the extension of the Metropolitan rail network was also announced with two stations being planned near my new location.
To add to my unbelievable luck, inner city prices had reached a stage where they were now unaffordable, so people began to look at the outer areas, driving prices up with their sudden but huge demand.
With the announcement and beginning of construction of all of the above, people began to see these areas as so much more accessible due to the proposed new rail and road networks taking away the previous perception these areas were too far out.
Besides these areas, prices seem to still be rising almost everywhere else in Victoria as well, though not as much as around here.
I believe despite the spin surrounding a rising stock market, things are still a long way from recovery. I believe the stock market will move up and down for years to come as it's talked up and the profit takers move in and it falls again. This will happen over and over for years to come.
I don't believe we'll see a quick recovery. At best it will still take years to fully recover.
Unemployment will also rise again, good times are a long way off.
Hold onto your money and trust no one.
Does holding real estate preserve your wealth?
by Bohemian is back on February 1st, 2012
| 3 people like this
About how much is my house worth?
by holliebrooke on October 10th, 2010
| 1 person likes this
Eve Arden ("Our Miss Brooks") lived at 75 Corte Madera Avenue, Mill Valley California in 1950. Does the house still exist?
by GibsonGuy on August 27th, 2010
| 1 person likes this
Can a property owner sell land for non-monetary consideration, such as services? Would the value of the services be subject to tax?
by Artificer on May 20th, 2010
| 1 person likes this
How can we find out the best overseas property?
by sandymathis on May 6th, 2010
| 1 person likes this
You're reading Are property values in your area rising or falling?
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Thanks Jane.
by keithold is a prodigal bagger on September 20th, 2008