---
title: No Penalty For Piling On
description: The negative news and forecasts for the residential real estate market just keep on coming. Recently Pacific Investment Management Company (PIMCO) pr
---

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# No Penalty For Piling On

Posted by [Daniel Jones](https://www.fair-assessments.com/blog/author/daniel-jones) on Nov 15, 2011 6:29:00 PM

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The negative news and forecasts for the residential real estate market just keep on coming. Recently Pacific Investment Management Company (PIMCO) predicted that housing values could decline another 6-8% before hitting a bottom. They blame it on tightened lending standards that are shutting many Americans out of the housing market.

Lender Processing Services (LPS), the company that recently reported that 6.4 million mortgages are delinquent, also announced that their home price index has declined 3.8% year over year as of August. In the month of August they show housing values fell 0.9%. Their home price index shows that nationally, home prices have fallen 28.3% on average from the peak in mid 2006.

If you would like to save money in 2012 consider appealing your real estate property tax assessment. If you live in the Atlanta metropolitan area and would like professional assistance with your [property tax appeal](https://www.fair-assessments.com/) contact Fairassessments.com

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