She says community members have voiced concern about
a potential decline in home values and services, increase in property taxes, and impacts on area businesses.
We're removing the fear of
a potential decline in home value after purchase and replacing it with peace of mind.»
Not exact matches
In Hoosick Falls, where several banks suspended property financing and
declined to issue mortgages last year, the litigation represents a
potential recovery for thousands of property owners who believe the
values of their
homes and businesses were diminished by the stigma caused by the pollution.
Blockbusting, or panic peddling, is a practice
in which some real estate brokers, exploiting fears of change
in the racial composition of the neighborhood and
potential decline in property
values, encourage owners to put their
homes on the market.
A
home's proximity to a bad neighbor also can impact the rate of
potential decline in value.