CLICK HERE TO SEE YOUR HOME DEPRECIATE Just in time for a market meltdown: Two new sites track real estate values. http://www.forbes.com/2006/04/06/housing-valuation-zillow-cz_sf_0407realestate.html?partner=daily_newsletter
Isn’t that the truth! I have been tracking my home value on Zillow.com for the past few months and noticed that my home value is steadily going south. It seemed to have peaked in February 2006. I think home prices are already over inflated. Is the beginning of end of astronomically priced homes?
Interesting information. There was an article in our local newspaper yesterday where the Property Valuation Administrator in our town is doing an evaluation of property values and my home will probably be assessed 15% higher than it's current value! I agree that property values have gone out of sight
Re: Isn’t that the truth! I would not trust Zillow for property appraising. Their database is too incomplete to make reliable estimates. The homes I have monitored in my area were grossly undervalued. Your home may not be going south as you think.
Re: Re: Isn’t that the truth! Wow! I always felt Zillow overvalued homes. Of course being that the market is already way over inflated, it's hard to tell how much homes are really worth. I'm not too concerned about my home value estimate going south. I still have a ways to go before I break even let alone lose value.
Depends on where you live and type of housing. In North Central Florida, single family homes are undervalued, and condos are about right, to maybe a little over valued. If you live in Buffalo, New York, you can buy a house for a dollar. (so I am told by New Yorkers.)
