Looking at my Mint.com account, I noticed my home value seemed a lot lower than usual. So I went and checked eppraisal for that and our Zillow estimate.
Zillow is now estimating our value at $436K. That's a far cry from the $586K in September! And I believe it went even higher than that, but that's the note I found.
Weirdly enough, they seem to have reverse engineered their trend line so that the value has never gone above $470K in the past 8 years. If I hadn't blogged about it, I'd think I was going crazy. They must have course corrected, but it seems disingenuous to fix their past estimates like that. It makes them look more consistent than they really are.
I'm not really thinking of a refi anyway; I think the best course of action will be to start paying extra on the mortgage once we've gotten most of our major home renovations out of the way. That won't be for another couple years at least.
Weird Zillow fluctuation
April 22nd, 2017 at 04:52 am
April 22nd, 2017 at 02:20 pm 1492867250
April 22nd, 2017 at 07:39 pm 1492886354