House Prices in your area?

[neurosis]

My condo was originally purchased for $375,000 back in 2002? When the bubble burst the lady who purchased it went deep under water and had to short sell it to get out from under the debt.

I ended up purchasing it for $160,000 in 2014 and it's doubled in price since I bought it. Not a bad investment. 

TBH, I wish the market would crash again so my property tax would go down.  I have no intention of selling right now.  The increased value is just costing me more money. 

[Smit]

My home is listed on Zillow at about $260K. All the houses in my neighborhood that had been purchased recently were estimated at $340Kish.

The housing market is crazy here. Most homes are sold at over asking prices in a matter of days after being put on the market. But compared to a lot of places the homes look to be very affordable.

Perhaps something to consider for people who live in places with crazy high home prices.