October 31, 2007
Housing Prices
So there you have it. Watch to see the total months of inventory number shrink. It now stands at about ten and a half months.
The perceived wealth that people have is closely related to housing prices. New construction has a significant effect on the economy and with new construction falling coupled with falling housing prices, a large part of the economy is under pressure.
Many will be looking to save money and reduce overhead. As a property tax consultant you would be like a knight in shining armor to the rescue.
Consumer Reports has published that property tax records show an error rate of 40% exists in estimating property taxes. (Nov.1992 v57 nil p.723)
The National Taxpayers Union writes that as many as 60% of all homeowners are over-assessed and not in line with their home value. ("How To Fight Property Taxes" 2004 p.1)
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