Homeowners hoping to reduce property taxes

With the economic crisis, the real estate market crashed significantly and home valuations made just last year are no longer accurate these days. No wonder homeowners from all over America are applying for new valuation assessments and getting tax reductions for their property.

This goes to show that the US government does have established institutions ready which can help bring out something positive even in the worst of times. The tax system may be a hassle at times, but it is not all bad is it?

To read more details about the process for tax reduction, read the full article from the Wall Street Journal

Consumer Confidence vs. Housing Price

Consumer confidence is down, so is the housing market. Are there any correlations? According to a report by Radar Logic, this occurrence has been true since 2007, but not necessarily in the previous years, when home prices shot through the roof while consumer confidence remained relatively flat.

Housing Values Shape Consumer Confidence [The Real Deal]

Simple explanation of 2008 Economic Crisis

Realtynomics is here to help you understand the link between policy making and the economy. To begin, we’ve searched through dozens of explanations for the 2008 economic meltdown. This is the one that stands out as the best explanation for the meltdown. It’s clear and simple, and elucidates how sub-prime lending eventually led to credit problems of the banks. If you want to untangle the mess of the worst economic downturn since the Great Depression, this link is indispensible. If you don’t like reading, the link comes with a video explanation as well. Check it out!

How to Explain the Subprime Financial Crisis Part 1

How to Explain the Sub Prime Crisis In Simple Terms Part 2

How to Explain the Subprime Crisis in simple terms part 3