Will the spring market bring home appreciation?

[Anonymous]

My home in Rockville lost about 10% of its value this last year according to Zillow. Yikes!

Any hints of the spring market bringing May Flowers?

[Anonymous]

What a stupid question. You have a house. Live and be happy. don't worry about some imaginary number put up by Zillow.

[Anonymous]

Anonymous wrote:What a stupid question. You have a house. Live and be happy. don't worry about some imaginary number put up by Zillow.

That's what I told my realtor when I said he would only get a flat rate.

[Anonymous]

Who cares? House prices will continue to be flat for the foreseeable future. The US population is going to start shrinking in the next couple decades, so I think we've reached peak property already.

[Anonymous]

Not in Rockville.

[Anonymous]

I'm not seeing any reason for demand to increase in Rockville in the next 6 months given the current state of federal employment and general unease about the economy. If you aren't selling it doesn't matter. Are you selling?

[Anonymous]

Anonymous wrote:What a stupid question. You have a house. Live and be happy. don't worry about some imaginary number put up by Zillow.

They might want to sell?? As someone hoping to sell in the next 1-2 years, this certainly matters to me.

[Anonymous]

Not Planning to sell in the immediate future. Would like to know I will have some ROI if I ever want to lol

It’s just crazy how much the market cooled compared to 3 years ago. Are things still hot in Bethesda and NW dc? A lot of my neighbors work in biotech and Fed govt and the vibes are bad

[Anonymous]

I just looked up 1 bedroom condos for sale in nw dc and the first three are listed at or below their last sale price.

[Anonymous]

Anonymous wrote:My home in Rockville lost about 10% of its value this last year according to Zillow. Yikes!

Any hints of the spring market bringing May Flowers?

My experience is that Zillow is underestimating prices right now. I'm in MoCo, and two houses in my desirable development that is close to a metro sold this year, both for record highs. And in both cases, Zillow was well below what they sold for. You can look on homes.com, which tells what what several different home valuation tools say is the price, but even those seem to be underestimating right now.

[Anonymous]

If you sell now, you can buy your next place cheaper or get into stock market. You will make the 10% up in no time. Some stocks move 20% a day.

[Anonymous]

Anonymous wrote:If you sell now, you can buy your next place cheaper or get into stock market. You will make the 10% up in no time. Some stocks move 20% a day.

I thought the DMV was the Nvidia of housing. It could only go up

[Anonymous]

Anonymous wrote:If you sell now, you can buy your next place cheaper or get into stock market. You will make the 10% up in no time. Some stocks move 20% a day.

Can you please tell us which ones will go up 20% in a day, before they actually do that?

[Anonymous]

The prices always look lower in the fall and winter then pop back up in spring and summer when there are more sales.

[Anonymous]

Anonymous wrote:
If you sell now, you can buy your next place cheaper or get into stock market. You will make the 10% up in no time. Some stocks move 20% a day.

I thought the DMV was the Nvidia of housing. It could only go up

You obviously didn't live here in the 1990's.