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I thought I saved up enough to buy a modest place for myself but looking at the prices.. I was so wrong. My landlord will be happy.
That's a bummer. Prices do seem like they are dropping a bit (at least in my area). Hopefully you can find a good deal sooner, rather than later.
I'm not even sure how to estimate it properly. Redfin and Zillow have a wide range, like 20% off from each other. And Realtor puts it at like 5-10% above Zillow.
My read is that house prices have gone up a little in the last year since the average is a bit higher (like 5%, give or take) than around this point last year. I have been seeing houses stay on the market longer (cousin recently sold and it took ~2 months), but there's still not a ton of inventory. So I think prices have stabilized, but not gone down much, at least in my area.
Housing market is nuts and I’m thankful we bought when we did. My house has (supposedly) gone up in value ~50% since I bought it four years ago despite mortgage rates being ~150% higher — how are people making those numbers work?