$15,000 Tax Credit For Home Buyers - How Will This Help Correct Depreciation Of Real Estate Values? - AllAboutRealEstate.pro - Things you should know about new amendment to the economic stimulus package. Property values are down across the US. According to recent figures released February 4th 2009 by the National Association of Realtors (NAR) property values lost ground in the past 12 months, sighting a net property value depreciation of 7.8% in the Northeast, 11.5% in the Midwest and over 30% in the Western United States and 8% in the South. That's a national average of value depreciation of right around 14.575%
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