Now about our RE…hard to accept Redfin’s claim our home prices are down 3% YOY, since all other reports say 20% or so. Could be because Redfin does not hold constant the size or quality of homes sold. So more small houses or condos would yield that misleading figure.
I can only speak for my own experience of moving last April into our new house for $556,000. Am now refinancing and the appraisal came in at $730,000. The refi will enable me to add to my stock of rental condos (3 currently).
PS: our house price was set in the previous July, so appreciation was not as large as it appears.
