Once Again, Virginia Makes List of States Drowning in Negative Equity--Owing More Than House Is Worth

With Charlottesville's average prices dropping much faster than the national pace-- -29% v. -4%,--it's no wonder.  Though you wouldn't know anything about declining "home values" based on Tax Assessments.  Underwater details from Business Insider.  C'ville Bubble Blog post from November 2011.  This is an ongoing, significant problem for Charlottesville Albemarle sellers.