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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (123811)	5/18/2008 5:30:34 PM
From: Jim McMannis	Respond to of 306849

Two counties to lower property taxes on homes worth less than sale price pe.com Those who bought Inland Southern California houses at the top of the market and have watched their property values plummet can expect lower property taxes this year, say assessors for Riverside and San Bernardino counties. Starting this month, the assessors' staffs will review 381,000 residential properties to determine if their assessed values should be lowered. They are using new computer software for the daunting task, which must be accomplished by the end of June, when the assessment roll is updated. San Bernardino County Assessor Bill Postmus and Riverside County Assessor-County Clerk-Recorder Larry Ward said real estate values have dropped precipitously and they are resolved to revalue affected residential properties en masse rather than wait for homeowners'

To: Giordano Bruno who wrote (123811)	5/18/2008 5:40:01 PM
From: Jim McMannis	Respond to of 306849

Builders get hammered again N onresidential construction held up as housing slumped. But a slowdown for offices, hotels and malls is looming, which could be another jolt to the economy. Construction of offices, hotels, malls and other nonresidential buildings is poised to follow home building sharply lower the rest of this year. Recovery not yet in sight money.cnn.com NEW YORK (CNNMoney.com) -- Demand for new homes collapsed last year. Next up could be a similar drop in the rest of the construction market -- and that could be the latest drag on an already sputtering U.S. economy Nonresidential construction, which includes office buildings and retail centers, hotels and institutions such as schools, hospitals or government buildings, remained strong through much of 2007. But a combination of the economic slowdown and tighter credit appears to be putting the brakes on nonresidential projects. Even if work continues on those projects already underway, there are signs that the pipeline of new construction is about to dry up.