Zillow values us below our 2001 cost
I guess it had to happen eventually.
Zillow now values our home at under our cost in 2001 (lot + new construction). There are still foreclosures in our area, although fewer than previously. A nearby home that started at $2.1M over a year ago seems to have sold in foreclosure for under the $1.4M most recent price. Another neighbor lost both his home and his bank last year.
One bright spot here is that we have no plans to sell.