Thursday, December 9, 2010

When Property Prices Collapse, so will Local Tax Revenue

Bloomberg is reporting that Home Values May Drop by $1.7 Trillion:
U.S. Home values are poised to drop
by more than $1.7 trillion this year amid rising foreclosures
and the expiration of homebuyer tax credits, said Zillow Inc., a
closely held provider of home price data.

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