From 2006 to 2011, the housing crash put downward pressure on
house values throughout the country, affecting millions of households.
Suffolk County Executive Steve Bellone said home prices in his county could decline by 20 percent, and that could have a ripple effect on
housing values throughout the state.
Suffolk County Executive Steve Bellone says home prices in his county could decline by 20 percent, and that could have a ripple effect on
housing values throughout the state.
The housing values throughout the place are rather excellent.
Not exact matches
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While there are certainly plenty of
houses throughout the state that are assessed at very high
values, the average cost of a home remains pretty reasonable in North Carolina.
By now, everyone knows the story:
Throughout the recovery, home
values rebounded strongly and income growth (until very recently) has been weak at best — leading to a
housing affordability pinch for many, particularly renters unable to take advantage of historically low mortgage interest rates.
While there are certainly plenty of
houses throughout the state that are assessed at very high
values, the average cost of a home remains pretty reasonable in North Carolina.
But when new
housing is proposed, those who stand to gain from it most often do not live in the city where it is proposed — they include renters and future homeowners
throughout the metro who would benefit from slower
housing price growth, and whose ability to remain in the metro diminishes when rents and home
values rise.
But a fresh round of forecasts suggest that
house values will keep climbing
throughout 2018.