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Short Sales create buyer opportunities
property prices have remained in the doldrums, and the selling price of devalued house prices is taking its toll on local and county governments. As more and more house owners seek tax relief by having their homes re-assessed, the lost revenue to local services, cities, schools and special districts will continue to clobber agencies already dealing with cutbacks statewide in California.

Emerald Hills CA buyers profit on short sales
In San Mateo County, this is the second year that residential properties have dropped in assessed value, the first time this has occurred two years in a row in at least 24 years. And the net effect is a loss of two billion dollars in values from 2009-2010. With San Mateo Counties assessment roll decreased by 1.39%, this means a loss of another twenty million dollars in budget cuts to an already financially pinched county.

Los Altos Hills Ca home values hold better than most areas

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