Scrape Zillow data for recently sold houses in the area to aid home search
Adjust price to today by using market data from Redfin
Analyze patterns in the market
Build GBM to understand how certain aspects of the home affect the sales price
Top-Level Conclusions:
-It will depend on the home and suburb, but most homes are selling for 5% under list price as of Q4 2021
-Suburb and living area are the most important factors in a home's price and will account for a majority of the variability
-Listings reach their peak in Q2/3, so inventory should pick up
-Excluding some unicorn houses (which probably are smaller and fixer-upper), I'm probably not going to find a house in my price range in the suburbs I've lived in (Regent Square and Squirrel Hill South), though I would jump at those fixer-upper opportunities. Best bets are Swisshelm Park, Swissvale (the good part, not past Church Street), and Edgewood
-In a macro sense, rising interest rates should increase monthly payments. However, this will probably be offset slightly (hopefully) be a cooling off in home prices due to a decrease in demand caused by rising rates