I knew it was bs, but at least finish the graph at the current "estimate" lol
Prices have not dropped in my area, DC metro, due to lack of inventory. There isn't much on the market because people are staying put, unless they have to move, because of interest rates.
Inventory will only increase when prices are high, and interest rates are low. So you’re either competing for a few in a high interest rate environment or bidding war in a low interest environment. The only time when housing drops is during an economic crisis, the times when you feel most uncomfortable about keeping a paycheck to buy a house, at a time when banks are most strict with their appraisal and lending.
Zillow is better sometime when the market is not very hot
that's embarrassing but the main issue I have with redfin is that it retroactively changes historical estimates. just.. don't do that. don't tell me it's worth $670k at that time in May and then tell me the May estimate was $640k in June and then tell me the May estimate was $590k in July. you make the estimates so stick with them
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Watch it sell for 1.75 anyways
This right here, given my current experience with looking for a SFH lol