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Posted on 9/9/22 at 10:00 am to hikingfan
This will happen with low to mid level homes. There likely won't be any effect on the high level home market.
Posted on 9/9/22 at 12:39 pm to HubbaBubba
quote:
If Redfin is to be believed, my home's value increased since December at $695k up to $802k in August, but this month they dropped it to $773k, an almost $30k drop in one month.
My neighbor just sold their home next door. Had it listed at $730k and had to drop to $695k to sell it. That was $201 a square foot.
Fair, but Redfin, Zillow, etc, are simply giving estimates as to what it believes your appreciation might be. It could have baked in a massive increase to the estimate, only to realize that they should have had growth flat, or at least much lower. Ultimately time will tell.
Posted on 9/9/22 at 9:52 pm to SuperSaint
quote:
imagine wanting to buy a house in Alabama
Never been to Lake Martin, huh?
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