Zillow.com results seem illogical and contradictory. According to Zillow, the value of my house has fluctuated wildly over the past 5 years. The value suggested by Zillow dropped 36% from June, 2007 to December 2009. Okay, the Bush housing bubble exploded. Fine.
Six months after that December, the value increased 34% in June, 2012. Then down by 29% in the 9 months leading to March, 2011. Then up 21% in 3 months ending June 2011.
I was a little surprised when I was notified by Zillow that my house had lost 61% of its value in 5 months (June to November of 2011). It was then the same as its lowest value since January of 2004, before my house was even restored from being a haven for druggies, squatters and hookers.
Thankfully, the alleged value of my fully restored 8-bedroom, 4 bath home, with a 2.5 car garage in a historic preservation district adjacent to University Circle has increased to by almost 13 percent in the past 8 months. Still a lot less than what I owe on the mortgage.
Secondly, Zillow still shows a value on my arson house in Glenville that was torn down two years ago. They won't accept the info that I emailed them.
I don't care where you live, house values don't fluctuate like that. To paraphrase Yoda, a very bad site is Zillow.
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