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Zillow 2008 Q4 Homeowners Confidence Surveys
The Basics of Real Estate - Real Estate Agent Selection - Real Estate Web Home Buying - Foreclosures - About 50% those surveyed in Zillow.com's Q4 Homeowner Confidence Survey believe their own home lost value in 2008, more than two-thirds appear to believe that the worst may be over.
According to the fourth-quarter-2008 survey, some 70% of those surveyed believe their home's value will either increase or stay the same in the first six months of 2009, while only 30% expect a decrease in value.
57% believe their home last value last year, up from 38 percent of those surveyed in the second quarter of 2008. In reality, 76% of all U.S. homes lost value in 2008, according to analysis of the Zillow Q4 Real Estate Market Reports.
With these new findings, Zillow's Home Value Misperception Index shrunk to 10 in the fourth quarter, from 16 in the third and 32 in the second quarter. An index of zero would mean homeowners' perceptions were in line with actual values.
Ahorre February 11, 2009 08:27 AM | New Fairfield Connecticut