• Sniffy@sh.itjust.works
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    1 year ago

    I thought I saved up enough to buy a modest place for myself but looking at the prices… I was so wrong. My landlord will be happy.

    • yenahmik@lemmy.worldM
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      1 year ago

      That’s a bummer. Prices do seem like they are dropping a bit (at least in my area). Hopefully you can find a good deal sooner, rather than later.

      • sugar_in_your_tea@sh.itjust.worksM
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        1 year ago

        I’m not even sure how to estimate it properly. Redfin and Zillow have a wide range, like 20% off from each other. And Realtor puts it at like 5-10% above Zillow.

        My read is that house prices have gone up a little in the last year since the average is a bit higher (like 5%, give or take) than around this point last year. I have been seeing houses stay on the market longer (cousin recently sold and it took ~2 months), but there’s still not a ton of inventory. So I think prices have stabilized, but not gone down much, at least in my area.

    • FancyPantsFIRE@lemmy.world
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      1 year ago

      Housing market is nuts and I’m thankful we bought when we did. My house has (supposedly) gone up in value ~50% since I bought it four years ago despite mortgage rates being ~150% higher — how are people making those numbers work?