Here's an anecdotal example:
I just saw this listing for a 2 bedroom/one bath house in zip code 30035.
It was priced at $13,000 last week. This weekend, HUD dropped it to just $8,000.
County records show the same house sold for $42,400 in 1994. DeKalb County's most recent tax assessment put its value at $35,280. Whoever buys it will pay 2011 taxes based on the county's $35k estimate.
It shows that the price for houses today is falling.ReplyDelete
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