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I realize Zillow numbers are not a whole lot better than a Oija Board, but for what it's worth the Zestimate on my residence bottomed out in June and has gone up gradually since then. Fortunately still a lot more than what we my wife and I paid in 2002. It's well below the peak of the bubble, but although I hardly expected the crash to be as horrendous as it was at that time I certainly did expect a crash.
MattH wrote:
I realize Zillow numbers are not a whole lot better than a Oija Board, but for what it's worth the Zestimate on my residence bottomed out in June and has gone up gradually since then. Fortunately still a lot more than what we my wife and I paid in 2002. It's well below the peak of the bubble, but although I hardly expected the crash to be as horrendous as it was at that time I certainly did expect a crash.
I looked at Zillow just a couple weeks ago. I didn't look to see its estimate of my home's value, but more to see whether there was a still a general downward trend in my neighborhood. It looks like that it's stabilized - for now. FWIW, their value is probably a reasonable estimate of the actual market value, since it happens to be close to the sale price of a similar home just down the street.