Monday, September 15, 2008
I'm not in the market to sell my home, but thanks to the site Zillow I have a rough gauge of how my home is doing on the market. In the first year that I owned my home, I have reason to believe it appreciated between 1% and 2% of its value. More recently ... that's started to change for the worst.
Two months ago, according to Zillow's "zestimate", it had dropped 2% of its value.
Two days ago, it had dropped 10% of its value.
Today, it has dropped an additional 1% of its value.
Fun fun fun! I see "not moving anytime soon" in my immediate (and not-so-immediate) future.