This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

U.S. Counties Report Higher Property Values, Increased Property Transactions, And A Leveling Of Foreclosure Rates, According To A Thomson Reuters And NACo Survey

WASHINGTON, Nov. 19, 2013 /PRNewswire/ -- Thomson Reuters and the National Association of Counties (NACo) today released the results of their Annual Local Property Markets Survey.

The survey results indicate a strengthening recovery for local property markets. Key findings include:

  • 72 percent of U.S. counties surveyed reported an increase in assessed property values.
  • 64 percent of counties reported an increase in the volume of records processed in the last year, a good indicator of the overall economic activity for local property markets.
  • 29 percent of counties reported an increase in foreclosures, versus 23 percent reporting a decrease.

The survey also examined staffing levels for county tax, assessor, and recording offices — 13 percent reported staff reductions compared with 45 percent in 2012. Seven percent reported increasing staff.

Counties reported that information management systems are expected to increase staff and operational efficiency, improve data accuracy, and enhance the reliability and security of information. County governments identified mobile, cloud-based, and online services as leading technologies that they are now evaluating.

"The technology trends identified in this year's survey are congruent with what we are hearing from our customers across the country," said Tom Walsh, managing director of the government division within the Tax & Accounting business of Thomson Reuters. Thomson Reuters provides land, property, and tax automation technology to 1,600 government jurisdictions around the world and is used in 16 percent of all U.S. counties

"The gains from integrating tax, assessment, valuation, and recording systems are driving improved information accuracy and reliability, and continue to support operational efficiencies for governments, especially when such information is made fully searchable across government and by the public," Walsh said.  

Tax departments, assessor's offices, and recording offices from 712 county governments, representing 23 percent of all U.S. counties, participated in this year's survey. This is the second year Thomson Reuters and NACo have jointly conducted this survey.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,945.80 -14.77 -0.09%
S&P 500 1,978.34 -9.64 -0.48%
NASDAQ 4,449.5640 -22.5440 -0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs