Week in review

[KenP]

Originally posted by Adam:
Home price appreciation continues to rise rapidly with median prices up 10.6% from February of a year ago. Economists at NAR expect to see appreciation rates moderate from double digit to single digit growth this year as rates continue to rise.

http://home.hamptonroads.com/stories...343&ran=158902

VIRGINIA BEACH — It’s a real estate market Yogi Berra would understand: Home values are deja vu all over again. For the third year in a row, residents are looking at double-digit increases in their real estate assessments.

This year, it’s 22 percent.

In 2005, housing property-tax assessments jumped 21.7 percent. In 2004, it was an increase of 11.7 percent on average.

Hey Adam, you should move here. Lot's of work for you.