Every newspaper is consumed with a house buying mania. All the newspapers are packed with articles on houses and their rates. The real estate advertisements are spilling out of every place. As the house prices keep fluctuating, the property tax keeps steadily increasing in USA. People are not too happy about this. This happens because in spite of recent recession, the market value of millions of homes still exceeds their estimated value. Hence property issues will keep increasing. A limit has been placed on property tax and at the moment falling house prices are buyers’ dreams and sellers’ nightmares. This is the bare truth of the situation.
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