Will the spring market bring home appreciation?

[Anonymous]

Anonymous wrote:

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.

I hope not. The values were overinflated, and they need to go down. Sorry to tell you, but you got used to seeing jumps in 100k+ each year since Covid. No more.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

I hope not. The values were overinflated, and they need to go down. Sorry to tell you, but you got used to seeing jumps in 100k+ each year since Covid. No more.

Interestingly the data indicates the close-in suburbs are actually STILL undervalued if you compare to other comparable cities (adjusted for COL)

[Anonymous]

No, sadly, I think the spring / summer market will bring a slew of foreclosures the likes of which DC has never seen.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

I hope not. The values were overinflated, and they need to go down. Sorry to tell you, but you got used to seeing jumps in 100k+ each year since Covid. No more.

Interestingly the data indicates the close-in suburbs are actually STILL undervalued if you compare to other comparable cities (adjusted for COL)

This isn't really true. Other comparable cities might have pricing at the high end comparable to this area, but the difference is that there are also nice close-in neighborhoods that are reasonably priced.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

I hope not. The values were overinflated, and they need to go down. Sorry to tell you, but you got used to seeing jumps in 100k+ each year since Covid. No more.

The DC area is quite affordable given salaries and wealth levels. I don't see significant declines. Although its general undesirability otherwise will continue to keep it relatively affordable compared to global destinations like LA, SF, and NY.