-
@Rainbow Sprinkles: our condo did!! We still can't sell it to break even.
-
@Rainbow Sprinkles: Ours was under our purchase price up until about 6 months ago!
-
@Beebug: NONE! We bought our first house this week!
-
It's decreased on Zillow (it was built a little over a year ago though) but comps are selling for about 7-10% more than our purchase price.
-
Our home value has increased nearly 25% since we bought in 2012. We bought at the perfect time and I'm sure the property value will continue to fluctuate... But we're at a very good point right now. I feel very fortunate.
-
@Rainbow Sprinkles: The home we live in has increased only because my husband bought it for a steal during the boom. But I just paid the bank $5k to sell the house I owned with my sister. We sold it for $70k less than we bought it for and it took 2 years to sell. We also own a piece of lake front property that is heavily upside down. We planned on building, but there is such a huge surplus, it's nearly impossible to get a construction loan. I know very very few people who are living in a house that is not underwater. Central FL is going to take forever to recover.
-
@Beebug: ours has increased significantly. To start with it was a HUD home so by buying it we increased its value in addition to since upgrades we have done, modernizing and fixing it up, it has jumped. We added around 40K to the value avoiding to the last appraisal we got.
-
@Rainbow Sprinkles: Mine's decreased! And it really hit us because we refinanced it and were almost underwater, which would've sucked.
-
We are up about 21% in a little over a year. But, we bought a foreclosure in a underappreciated neighborhood. We also got an interest rate that was really low. I hope that it will continue to increase as the area keeps building farther and farther out. If we stay in the area, it's going to be hard to find something comparable in the same price range (which I am completely fine with).
-
@septca: that's awesome! When I bought my first condo, in 2000, it more than doubled in value as well. It really helped when I bought my next place a townhouse.
We bought about 3 years ago and it's gone up about 15% - 20% in value.
-
@BananaPancakes: We are in a suburban area south of Seattle and are underwater, and some of our friends are up to 100k underwater. Yikes.
-
@Rainbow Sprinkles: Underwater as in the mortgage is more than the home or underwater as in the home is less than what you paid, but worth more than the mortgage?
Either way sucks, but the first one sucks way more!!!
-
Ours has fallen 16%, but the home market in our city is about 2 years behind the rest of the country
Our schools are about to get re-accredited, and we're hoping our value skyrockets at that time. Plus, we've put a lot of work into it (mostly for us, but just basic upgrades and repairs). Zillow can't really pinpoint our price anyway, because it doesn't take into account our addition, carport, or finished basement.
-
@sunny: mortgage is more than the house is worth. Majorly sucks.
- Google Plus
- Stumbleupon
- Twitter
- Facebook
- Pinterest
- Favorite0
93 comments