Reflecting a bit on 2010...
Commercial lines P&C prices continued their softening trend.
· Wonder how, with carrier combines typically running quite a bit over 100, and investment income (bonds) paying so poorly, that the cause of the softness is too much available capital?? (From whence did it come)?
Home prices on average across the country have gone down 30.5% below 4/06 peak.
If you’re not protesting your property taxes (business ones, also), please do so.
Even in my state (Texas), which has seen little price depreciation, there can almost always be found a foreclosure sale or short sale down the street that you can use as a comparable.
Bloomberg Business Week, by the way, says it will take 10+ years for home prices to return to their peak.
So... protest next year, also!
More on 2010 later.
Harvey Dorland
Pacific Recruiting
936-597-6500 - direct
hdorland@ez2.net
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