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In my opinion Syrian strikes will have no direct effect to the housing market. It may have an effect on the stock market, which will have an effect on the economy, which may have an effect on the fed, which may have an effect on the interest rates, which may have an effect on you. But by the time it trickles down it or a million other things could do the same thing. You'd have better luck trading stocks on news then timing the real estate market based on the Syrian strikes. The only people that the strikes will have an effect on is the Syrian who's home the missile lands on.
I do a lot of work with bank owned homes. First of all I've found Zestimates to be almost always wrong. They seem to take into account properties that wouldn't count as comps.
Next Fannie May will make 10% drops every once and a while. They market their properties at full market value and then will hold forever making 10% drops. When they hit a cretin price point they will actually hire contractors to fix up the house and then raise the price back up and start all over.
Think of it as though you aren't trying to out run a bear, you're trying to out run your friend. They bank will sell the house and keep dropping the price until it sell's. It won't ever hold inventory. HOWEVER, another buyer may be able or willing to pay more then you.
I would suggest searching in the price range that is within your budget. A Zillow estimate is not the appraised value. Most professional agents won't use it as true indicator of value. Regarding Syria, we don't know how that will affect the market. If you want to buy a home and you're financially stable, then you should follow your dreams.
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