It’s just data
Dare Obasanjo: According to Zillow, our home is one of those that is currently “underwater” because it’s estimated value has dropped $25,000 since we bought it according to their algorithms.
The shape of the value curve is widely different here in Raleigh:
Legend: ● US; ● Raleigh
Argh! I hate graphs whose axes don’t start at reasonable baselines. (Never mind the fact that the graph, your post, Dare’s post, and the original zillow.com page don’t mention whether the dollar amounts are adjusted for inflation.)
Posted by Mark atZillow’s charts can present the information in terms of Percentages, which have a natural zero baseline.
I presume that the dollar amounts are not adjusted for inflation.
CPI information is not available yet for September. As a first approximation: 219.086 / 184.6 = total 18.7% increase over the last five years.
Judging by the charts, the US is up about 25% over the past 5 years (down from a peak of 38%), Raleigh is up about 30% (no prior peak), and Renton is up 45% (from a peak of 61%).
Posted by Sam Ruby atPortland Real Estate thanks Sam Ruby via Dare ....
Excerpt from jchanimal atI think you’re in pretty good shape so long as you live someplace were people actually want to live and there isn’t much more room to grow; e.g.: [link]
Posted by anonymous at