pweedith

pweedith t1_je5gnzw wrote

Zillow is hit or miss. They just use algorithms that don't always factor things in properly and can sometimes use outdated information, especially in a changing market. Also, with spring starting up I feel that those days on market are going to shorten again...as long as the house is priced properly. The ones that sit the longest tend to be priced too high, a properly priced home will sell quick because there is no shortage of buyers looking.

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pweedith t1_je57g4r wrote

Don't expect prices to really come down much if at all. Interest rates may be up but it comes down to supply and demand. Home construction has been outpaced by population growth for over a decade. This lack of supply is what will keep the housing prices stable right now. And waiting for interest rates to come down just means home prices will go up again. The best thing is to find a monthly payment you can afford and hope to refi in the next few years. Overtime the homes will be worth more, I bought in 2019 and thought prices were high then but it kept going up.

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pweedith t1_jd1oeo8 wrote

Reply to comment by nathanaz in What do you do? by Loveroffinerthings

Can definitely speak to the truth of passing down homes in many of the close knit communities. I helped sell a home in Bristol last year and the neighbors on either side had both been there for decades and the family who owned the home was on their third generation!

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