Friday, December 7, 2007

About the Property Revaluations

According to the presentation at the Five Points CAC meeting, Emmett Curl predicted we would be seeing 300% increases in land values in some of Raleigh's older neighborhoods. The house values either go up or down depending on the sales trends of comparable homes in comparable neighborhoods.

In addition to any concern about your own property value, it is important that you let the City Council know if you are in a neighborhood whose stability and livability is threatened by these new valuations. We have heard from many longterm neighbors who are concerned about being priced out of their homes by the exceptional price of the new infill. If you have these concerns, it is vital that you contact the Council and let them know. Their contact information is at the bottom right of this frame.