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Still over priced as fuck but what do I know about the housing market.

Archive: https://archive.today/vc5H2

From the post: "Despite a drop in home prices in the second half of 2022 because of a surge in mortgage rates, the value of all homes in the U.S. rose by $2.6 trillion over the past year, according to Zillow.

Metro Denver, however, remains on the negative side of the ledger, with the local market losing an estimated $5 billion in housing value over the same period, a Zillow analysis found.

That $5 billion loss the past year is minimal when compared to the 41.6% gain the market has seen since the pandemic began in early 2020 and the overall valuation of $598 billion that Zillow places on the metro Denver housing market."

Still over priced as fuck but what do I know about the housing market. Archive: https://archive.today/vc5H2 From the post: "Despite a drop in home prices in the second half of 2022 because of a surge in mortgage rates, the value of all homes in the U.S. rose by $2.6 trillion over the past year, according to Zillow. Metro Denver, however, remains on the negative side of the ledger, with the local market losing an estimated $5 billion in housing value over the same period, a Zillow analysis found. That $5 billion loss the past year is minimal when compared to the 41.6% gain the market has seen since the pandemic began in early 2020 and the overall valuation of $598 billion that Zillow places on the metro Denver housing market."

(post is archived)

[–] • 1 pt

That 41% "gain" reflects a loss of currency value. Homes lose value because they have a limited lifespan. Depending on location and supply vs demand, house prices can go up against the currency.