Tuesday, October 28, 2008

yay...

I heard Tom Sullivan talking about home prices on his radio show, so I decided to see where mine's at. I haven't looked in some time.

I paid $241k for my house, six years ago. In Jan of '06, it was valued at $428k (according to Zillow). Now it's valued at $302k.

So I've got a whopping $59k in equity. It lost 17.5% in the last year, but it's still up 20% since I bought it.

Zillow also goes on to say that it's valued higher than 50% of homes in my town, 60% of homes in my county, 33% of homes in Kalifornia and 67% of homes in the United States, so I guess I'm in better shape than many people. As far as that goes...

It's only going to get worse when O'Bama gets his digs in.
Posted by TheBronze at 12:13 PM

2 comments:

  1. AnonymousOctober 28, 2008 at 7:15 PM

    Hey TB its David from Zillow,

    Nice to see someone taking the long term view - many people only see the short-term losses. Here's a Zillow tip you may find useful: if you log in and claim your home, we'll e-mail you your home's Zestimate value every month.

    ReplyDelete
  2. TheBronzeOctober 28, 2008 at 8:08 PM

    I don't know if I want to know it that often David.

    It might be too painful...

    Thanks for coming by.

    ReplyDelete

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