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Property values dropped.
Property values dropped 50percentt.
Crime rates rose, property values dropped and bars appeared on second-floor windows.
A report on home prices showed values dropped less than had been forecast in the year ended in July.
A report on Tuesday showed that in the 12 months through June, American home values dropped 15.9percentthethe biggest annual decline on record.
The accompanying article "Elmsford: Reluctant Host to the County's Homeless," states that as the homeless population grew "property values dropped and crime increased".
Earlier this week both Royal Dutch Shell and ConocoPhillips reported large quarterly losses as asset values dropped because of the fall in oil prices.
For example, after rising steadily since 2000, median home values dropped in 2008, and the homeownership rate fell half a point, to 66.6percentthethe lowest since 2002.
Since school districts, which impose about 60percentt of property taxes, almost invariably increase spending, tax bills would actually rise even if overall assessed values dropped.
When home values dropped and credit markets tightened, making refinancing difficult, strapped borrowers had no recourse but default, and eventual foreclosure.
When the city changed its laws and limited buildings to three floors -- down from five -- property values dropped 25 to 30percentt.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com