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Spring was kind to home prices, but future isn’t bright

USA TODAY, by Julie Schmit

U.S. home prices rose 3.6% in the second quarter from the first, boosted by the spring buying season. But prices are expected to retreat this fall because of the struggling economy.

Even though prices rose quarter to quarter, they remain 5.9% below where they were last year, putting second-quarter U.S. home prices at 2003 levels, according to the Standard & Poor’s/Case-Shiller home price index released Tuesday.

The spring increase was widely expected, given long-standing buying patterns. When adjusted for seasonal factors, U.S. home prices in the second quarter were basically flat with the quarter before, the data show.


Posted by: Sammy on 08/31/11 at 07:37 AM
    Page 1 of 1 pages
  • 1. · My assessment decreased by 20% yet my tax bill INCREASED by $156.00. Go figure.... rolleyes

    Comment by cheryl  on  08/31/11  at  07:43 AM | [Back to Top] | [Back to Main]
  • 2. · The only things certain are death and HIGHER taxes!

    Comment by Iamangttia  on  08/31/11  at  08:45 AM | [Back to Top] | [Back to Main]
  • 3. · That's for sure!! But "logic" says that if one's assessment decreases, that the amount due in taxes would also decrease - but I suppose the tax rates rose to offset the enormous decrease in assessments??

    In any case, I foresee property tax increases each and every year , along with state income taxes. The State of Maryland "banks" on it.

    Does anyone wonder why people are relocating to more "tax friendly" states???

    Comment by cheryl  on  08/31/11  at  08:58 AM | [Back to Top] | [Back to Main]
  • 4. · Time to join your brother in Huntsville and don't look back.

    Comment by Iamangttia  on  08/31/11  at  09:46 AM | [Back to Top] | [Back to Main]
  • 5. · No, no, no - TN is much better than Alabama!!

    Comment by cheryl  on  08/31/11  at  10:19 AM | [Back to Top] | [Back to Main]
  • Page 1 of 1 pages

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