First, the good news:
- Unemployment fell from 5.1 percent down to 4.7 percent (including self-employed people)
- Total job force rose from 306,100 to 308,400 (0.8%).
- Median sales price of homes for this quarter is up 5% from the same time period of last year, from $278,700 to $292,600
- Home prices are dropping on a month to month basis.
- Inflation is increasing.
- Consumer confidence is dropping.
- Consumers have less disposable income
- There are less new housing permits being issued.
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3 comments:
I'll bet a lot of that info is based on W. Haven's dilemma. Here's some interesting info regarding Property revaluation and phasing in tax increases. It's specifically geared twoards seniors, but there is no reason it couldn't be expanded to the rest of the populous.
http://www.cga.ct.gov/2006/sum/2006SUM00176-R02HB-05093-SUM.htm
Here's a link for Colonial Park Taxpayer's source.
Another artcile in today's NH Register regarding housing costs:
http://www.nhregister.com/site/news.cfm?newsid=17291646&BRD=1281&PAG=461&dept_id=7546&rfi=6
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