Are there any advantages for homeowners with real estate values appreciating?
Yes. While most media coverage will focus on the negative ramifications associated with increasing real estate assessments, there are very positive and much greater aspects to property appreciation. Property values increasing means that our real estate market is healthy and families want to live in our city and invest in home ownership. For most families, their home is their largest single investment. When their property appreciates in value, the indication is their investment is sound.
