why is my home value continuing to decrease?

Profile picture for missellie51
it is now below what we paid for  it 8 years ago, and we have put $30,000 into it with repairs and improvements!
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June 08 2010 - Sunbury
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Answers (2)

Profile picture for Doug___W
We are in the same scenario as you.  We bought about 8 years ago, put about $60K into it and the current value shows less than even the purchase price.  Values are surely down.  What I did was search Zillow for my area for actual recent sales and compare them to Zillow's valuations.  I found a few that missed by $60,000 on houses in the $550K range.  Looking at actual sales will give you a better feel of where prices are trending in your area.
 
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June 13 2010
Profile picture for Vicky Carlton
Don't stress over zillow's estimates, especially if your not selling your home. It's like investing in the stock market, you just have to ignore the media, and focus on your long term goals.
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0Yes

June 12 2010
 

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Profile picture for Doug___W
Questionwhy is my home value continuing to decrease?
  • Latest answer by Doug___W
  • June 13 2010
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