Quote:
Originally Posted by TrevorM3
whats everyones market like? it seems all thats going up here in south fla is godam rentals.
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We bought a new townhouse in a developing part of the Bay Area (Milpitas) last November. If you average the Redfin and Zillow estimates, it has gone up 16% YTD alone and 23% from where we bought. Looking at comps, that seems on the optimistic side but not by a whole lot.
I also have a condo with my parents in Seattle, which is extremely hot although not reflected as much in the value estimates. Seattle as a whole is supposedly up 13% over a year ago.
So still going up in these areas, and why wouldn't they? Supply low, not a glut of building, continued high-wage hiring and continued low interest rates. Prices will likely continue to go up until one or more of those things changes.