As U.S. home prices continue to fall, property owners in most major U.S. cities are demanding lower taxes, Bloomberg reported Dec. 8. Bloomberg reported specifically on states such as Michigan, Nevada, New Jersey, California and Illinois.
Real estate values plunged 30 percent below their peak of April 2006, according to the third quarter S&P/Case-Shiller index of property values in 20 cities, released Nov. 30. Values may drop 10 percent more, Greg Lippmann, a founder of LibreMax Capital LLC, said Dec. 2 at the Hedge Funds New York Conference hosted by Bloomberg Link.
In the Midwest, Illinois may have 19,350 property appeals in 2010, 10 percent more than in 2009, Louis Apostol, executive director of the state’s Property Tax Appeal Board, told Bloomberg. The backlog amounts to about 35,000 claims, of which more than 80 percent come from homeowners and the board approves an average of 30 percent of them, he said.
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Friday, December 17, 2010
Palm Springs Real Estate and Homes for Sale
Find Palm Springs homes for sale on my Palm Springs real estate blog. It remains a fantastic time to purchase a Palm Springs vacation home or full-time residence. I can show you a good selection of mid-century modern, California Ranch, Spanish-style ranch, Spanish Revival, cottage and single-level condos, located in many of Palm Springs' most popular neighborhoods and condo communities.
When you buy or sell in Palm Springs, contact me for professional and friendly representation.
Call or text: 760.902.3121
Email: RussellHill@dc.rr.com
Russell Hill
Please do not hesitate to contact me if you have inquiries about any of the properties you see on my blog. I appreciate your readership and hope you will tell your friends and family members about it if you feel it's useful. I'm open to recommendations that you think will make this blog better!
Here is the activity for December 13, 2010. Click on the links @ property address to see property details and photos!
Central Palm Springs:
New Listings:
197 W Via Lola, #2, Villa De Las Palmas, 2/2, $259,000.
In Escrow:
642 S Calle Petunia, Sundial Condos, 2/2, $154,000.
Sold:
1344 E Andreas Rd., Palm Regency, 2/2, $170,000.
South Palm Springs:
New Listings:
1150 E Palm Canyon Dr., #42, Rancho La Paz, 2/2, $164,900.
5779 Los Coyotes Dr., #13, Villas De Las Flores, 2/2, $217,500.
2910 Calle Arandas, Cathedral Canyon Country Club, 2/2, $259,900.
1558 Cabildo, Canyon Estates, 2/2, $295,000.
2312 S Via Lazo, Canyon North, 3/2, $649,000.
3140 Cambridge Ct., S., Los Compadres, 3/2.5, $479,000.
In Escrow:
2165 Silverado Cir., Canyon North, 4/3.5, $679,000.
323 Camino Norte, Old Las Palmas, 5/5, $1,065,000.
Sold:
5301 E Waverly Dr., #153, Palm Canyon Villas, 1/2, $95,000.
1111 E Ramon Rd., #24, Ramon Villas, 2/2, (listed as sold at $359,90) listed at $128,500. Probably an error! Foreclosure
Source: Desert Area MLS. Listings/sales are not necessarily those of Russell Hill - deasy/penner&partners.
Russell Hill Lic #01427657 760.902.3121 RussellHill@dc.rr.com HomeinPalmSprings.blogspot.com
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