Home values in Prince William County starting to stabilize

Photos8.comHomeowners in Prince William County will be pleased to hear that housing prices in that area are no longer declining -- and some assessments are increasing.

The average residential property assessment is up about 0.4 percent over the past year. Last year it was down almost 30%, according to officials.

"Some neighborhoods are stabilizing in value faster than others, but prices basically . . . are not dropping any further," Prince William financial analyst Dave Sinclair said. "This is a giant step in seeing them slowly climb back up again."

Read more in The Washington Post...

Posted on Monday, March 15, 2010 - 12:16pm