I see interest rates increased again recently and yet Redfin and Zillow estimates are also increasing even for 4M+ houses. Is housing market warming up? If this is true, I can’t imagine what would happen if Fed cuts rates next year!
Estimates are a sham. I noticed that the estimate charts you see on Redfin and Zillow is update every day for entire history. Makes trends inaccurate.
4M+ is less interest rate sensitive than 1M, it's a completely different buyer type.
Even it fed cuts rates (unlikely) 10 year bond and mortgage rates may not come down much .. https://youtu.be/G0KsUL269NE
Dont buy assuming you can refinance
Tech Industry
Yesterday
3120
DEI Has Ruined Tech
India
Yesterday
1216
Parents not agreeing to love marriage
2024 Presidential Election
Yesterday
984
Is Trump the best person to vote for if you're pro Palestine?
Tech Industry
Yesterday
8839
EXCITING: GPT 4 Release!
Layoffs
Yesterday
3851
Indeed Layoff Round 2: ~10% of workforce
They are shit. Dont trust them. Just put what you think is reasonable. I recently put 950k for a listing price that was 1.2M and was immediately accepted. The estimate was 1.45m
THIS
Congrats on your house purchase then!