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My home's Zestimate has dropped by $13,000 since May but at the same time Zillow's Neighborhood trend graphs shows my neighborhood increasing in value during the same time. Nothing has changed as far as new construction/destruction in the area. Obviously the housing market is still struggling,but I didnt understand why my particular house going down in value while my neighborhood steadily increased during the same time.
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So you're saying dont put much weight with what the Zestimate is? My tax assessment increased $30,000 this year but I think a majority of that was the city trying to make up for budget cuts.
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