[quote=Escoguy]Or so Zillow forecasts for next year, national appreciation rate.
Kind of makes you wonder if they should have held on.
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It does make one wonder if Zillow knows anything at all. They have access to mountains of data, but can they draw any better conclusions than the rest of us? If they were predicting 11% higher prices, then why did they bail on so many homes this year as you allude to?
Remember a few years back when the press was telling us the younger generations were perfectly happy with downtown condos and therefore suburbia was going to deteriorate? I didn’t believe it then and it sure appears that as I thought – as soon as they start having kids, they want their nest with a yard. And that’s exactly what I’m seeing happen all over California. At least in the families I have insight into.
