Category Archive: Home values

Jan
11
2012

How Much Can I Afford When Interest Rates Rise?

As Mortgage Rates Rise, Purchasing Power Drops

  “How much money can I get to buy a home?” It’s a common question that often leads off a buyer’s conversation with me. What they’re really trying to learn is, “In what price range should I be shopping?” The answer to this question provides a target for the buyer to do their search, and …

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Dec
19
2011

Why Didn’t My Property Taxes Go Down?

Skagit County Dollar Sign

Here in Skagit County, many of us just received our new “Notice of Value”. This letter states what your old assessed value was and what the new assessed value is going to be. Many people mistakenly believe that means that their home has dropped in value. In fact, your home may have increased in value …

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Permanent link to this article: http://www.deanhayes.com/2011/12/19/why-didnt-property-taxes-go-down/

Sep
27
2011

Home Prices Rise in 17 out of 20 Cities

Home Prices Rise in 17 out of 20 Cities

 This map displays the results of the Case-Shiller home price index for July 2011. Seventeen of the 20 cities in the index say home price increases. Seattle increased 0.08% and Portland increased 0.95%. Denver remained flat, while Phoenix and Las Vegas has price decreases from June. Overall the 20 cities combined for an increase of 0.9% …

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Permanent link to this article: http://www.deanhayes.com/2011/09/27/home-prices-rise-in-17-out-of-20-cities/

Sep
01
2011

Prices Up in 19 of 20 Markets

Home Prices Rise in 19 of 20 Markets in June 2011

The Case-Shiller home price index is just one indicator of home prices, and its latest report shows that home values across the U.S. went up in 19 of 20 markets. The west coast saw the most modest rise while the mid-west and northeast saw the largest increases. These increases are measured as a change in …

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Permanent link to this article: http://www.deanhayes.com/2011/09/01/prices-up-in-19-of-20-markets/

Jan
31
2011

How Assessed Value Affects Property Taxes

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Washington State Assessors receive a number of inquires that show that there is a broad misunderstanding of the state property tax system. The best way to explain Washington’s property tax system is with some simple illustrations (thank you to the Skagit County’s Assessor’s office for supplying this information). Imagine a little city that consists of …

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Permanent link to this article: http://www.deanhayes.com/2011/01/31/how-assessed-value-affects-property-taxes/