https://www.thetimes.co.uk/article/biggest-uk-house-price-fall-since-2008-sjg6h06tr
Latest unrequested on-line report auto emailed to me earlier today about the home I sold in Illinois last August increased in value this month from 457k to 461k. The home has never been on-line valued higher, this is a record high for this home in a state that is the number one state in population loss and has been for ten consecutive years.
Latest unrequested on-line report auto emailed to me earlier today about the home I sold in Illinois last August increased in value this month from 457k to 461k. The home has never been on-line valued higher, this is a record high for this home in a state that is the number one state in population loss and has been for ten consecutive years.
When a home in a state that is losing population hits a record high valuation in the month of December of all months- tea leaves tell me housing in not going to fall measurably, and housing will not go below JAN 2022 assessments on a MACRO basis in the foreseeable future.
Disclosure- I am a cash buyer in desire of a fall back in single family homes prices- I have yet to see a single indicator this has, is, or will happen.
Very slowly, some markets will have a somewhat brief atypical dip as all the big boys leaveA correction would be nice, will it come though? It’s hard to tell.
PT,Just one example in my area. This neighborhood was hot. Homes would sell instantly and usually got bid up by multiple buyers. Talking to a friend that lives there today, she told me to look up this house. 38 days on the market and they have reduced the price one time by $26,000.
Search for homes - John L. Scott Real Estate
John L. Scott Real Estate serving home buyers and sellers in Washington, California, Oregon and Idaho. Your trusted name in real estate.www.johnlscott.com
11/28/2016 | Sold | $297,719 (+6.4%)$135/sqft |
Please define "shill for the real estate industry". I would like your clear definition.Source? Because we all know that Zillow, Redfin, etc. are shills for the real estate industry and their estimates are somewhat meaningless.
And aren't you making a reference to a house that you had trouble selling?
Please define "shill for the real estate industry". I would like your clear definition.
My number is coming from Zillow.
That is not accurate at Zillow. Zillow is in fact posting month over month data. Which I find erroneous as Zillow may show for example, a home purchased for 300k in AUG 2022, up to 320k value in NOV 2022, and now at 318k value in DEC 2022, as the home lost 2k. Where in fact, if the numbers are accurate, the home increased in value 18k over the purchase price in just four months, yet Zillow will show the home lost value of 2k, instead of a 18k actual gain.Please define shill for the real estate industry
National Association of Realtors, esp Lawrence Yun.
Zillow
Redfin
Realtor.com
Trulia
At least 99% of all Realtors.
Some of the websites don't include things like crime data any more (and you know why), some don't include flood data, etc. So you would have to use more then one. But really their analysis sites (Redfin comes to mind) aren't even mentioning month over month housing price declines because it would show a negative number. So they report year over year because for now that's still a positive number (slightly).
That is not accurate at Zillow. Zillow is in fact posting month over month data. Which I find erroneous as Zillow may show for example, a home purchased for 300k in AUG 2022, up to 320k value in NOV 2022, and now at 318k value in DEC 2022, as the home lost 2k. Where in fact, if the numbers are accurate, the home increased in value 18k over the purchase price in just four months, yet Zillow will show the home lost value of 2k, instead of a 18k actual gain.
Zillow on a MACRO basis has been a very useful tool and I have found no flaws in it. On a individual property it may not reflect an accurate value, but it will accurately show trends in the zip code of the property.Stop constantly looking at Zillow house valuations. Your house is not a bank or investment account. Zillow is just a guess anyway. If algorithms were correct, they would not have shut down their money losing home flipping division. That and OpenDoor is going to go under or get bought out because their algorithm is losing them money as well (same as Carvana).
KZ,Zillow does some fishy stuff for sure, others are probably the same.
My wife is tracking several houses for sale. Zillow used to show when a house was removed and listed again, that was when the prices were going up. But now that houses have to be re-listed at a lower price, Zillow stopped showing that.
My wife only noticed this because it happened few times to houses she was tracking and remembered, otherwise how would one know?
Clickbait. Any homeowner that purchased a home in JAN 2022, just 11 months ago, is more than likely in the green on gross basis right now, this very day. Some are significantly in the green, over 100k. That is mind blowing.https://fortune.com/2022/12/08/pandemic-homebuyers-regret-buying-house/
Recent U.S. homebuyers are being hit with a massive wave of regret
For all of those who are second-guessing not taking advantage of the historically low mortgage rates available in 2021 and earlier this year, it turns out the grass isn’t always greener as a homeowner.
One in five Americans have moved since the COVID-19 pandemic hit in March 2020, according to a new survey from The Harris Poll shared exclusively with Fortune. The survey, fielded in mid-November, included a nationally representative sample of nearly 2,000 U.S. adults—1,296 homeowners and 615 renters.
Of those who changed addresses in the last two and a half years, 44% reported that they now regret moving to their current home.