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Does Everyone See a 20% Increase in Real Estate Values in 2013?

Real estate values and 2013.

Do I see appreciation in the next few years, sure. I don’t see a 20% increase. I just don’t get the math. The economy would have to get so much better than it is. Unemployment rates would have to drop 2% in the next few months, so what would make that happen?

The government spending runaway train is still heading down the wrong hill. The cost of fuel is at levels that hurts everyone in this country, do you see that changing anytime soon?

Do you see your family health care costs coming down? It is already costing all of us more and Obamacare will not be fully implemented until 2014 and it will cost each of us even more.

Those that make 20 and 25% increases in real estate values are not looking at reality. What do you think will happen to real estate values over the next few years? 

Home prices to jump 20% next year: Bob Toll

Bob Toll, executive chairman of Toll Brothers, tells Reuters Impact Players host Robert Wolf that home prices are about to rebound significantly, climbing 20% next year and another 25-30% in 2014.

click here to view the interview

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Jaded December 28, 2012 at 04:43 PM
Considering the fact that my tax revaluation recently showed a decrease in value, I fail to see how a "20% increase in value" is set to occur in 2013. I purchased my home during the time I thought was the lowest point in the market but now it seems otherwise. To me, it seems as though we have now hit a new low point in the market and I doubt the market will recover as quickly as forecasted.
Tom December 28, 2012 at 05:56 PM
Toll is pushing this because he is running out of money to advance his own business and simply need to promote this myth to gain access to capital. if we get a 20% increase nationwide over the next 5 years we are doing well.
William Brighenti, CPA December 31, 2012 at 02:24 AM
How can real estate values go up when there are no jobs in Connecticut opening up, and 40 million more jobs will be exported overseas over the next generation? Get real. Real estate prices need to fall further.
Scott Wheeler December 31, 2012 at 03:00 AM
Will not happen, this you can bank on. Cash rich and house poor is where you what to be in these times unless you are a 1%er than in that case nothing really bothers you. Whne the boomers are selling their houses in record numbers soon who will buy them? Thought so.
Thomas Cornick December 31, 2012 at 12:10 PM
Value? no, but it's very easy to envision 20% rise in assessments.
Robert Kalechman January 03, 2013 at 04:52 AM
It is simple the State is out of tax dollars so the Grants that our first Selectman tells us is not tax dollars is no longer coming down the Pike So you have it the money will now come from you or they may have to cut but what to cut not my cash cow so the lobby takes over Education the board of Finance chairman has an interest in teachers so who gets the axes you get the idea the town workers take the hit 0 from 0 and you get 0 but then again you have Governor Malloy counting Good Luck if you still think that CBiA is the answer think again you been mislead by the Masters
A Tolland Resident January 03, 2013 at 12:53 PM
If you live in Tolland, it doesn't matter. They incorrectly inflate the square footage of your property and tax you on that incorrect number. When you bring the error to their attention, they fix the square footage but they don't adjust the bill to reflect the correction, they still make you pay the same amount. If you don't just comply to this, they threaten that "you have to take the town to court" to proceed.
Larry Thomson January 08, 2013 at 06:27 AM
I think he, Bob Toll, is on the money, who would know more than him about what direction the market is heading. He of course he is willing to back it up (in writing)with a full refund for any of his sold properties that don't sell for 20% higher next year. Right? Oh yeah no he's not doing that. Lucky if it doesn't go down next year.

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