A report by the state Department of Revenue shows that the value of homes, businesses and other property in the state fell by 1.8% to $487Ã¢â‚¬â€°billion in 2010. That compared with a 3.1% drop in 2009.
Property values in the state have been falling since 2008. Before this three-year downturn, there is only one other year going back to 1959 in which property values fell, according to state figures that are not adjusted for inflation.
At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.
If you have a gay real estate story that you’d like to share with us, contact us at [email protected]