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Zillow recently released data showing that their "Zestimate" demonstrated falling home price, but folks the "real" numbers are in and that's far from correct.
First of all it is is true that in our area fewer homes are being sold. However, the price of those homes has increased over the last 12 months. DC showed increases of over 7%! Gains were reported in 49 states including DC. Lower priced homes had the best performance as first time home buyers continue to enter the market.
Bottom line, real estate is still a great investment and it's always a great time to buy!
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