I came across a survey of homeowners that I think is very enlightening for many reasons. This Zillow real estate survey (a real estate aggregator and internet portal) asks homeowners what they think of their home value and what its value will be in the future. They also ask what the homeowner thinks about their home in relation to others in the market.
Perhaps the greatest thing about the Zillow real estate survey is that we can look at past and current surveys to see the trend of homeowner “consumer confidence” as it is measured using the home as the standard. Not surprisingly, homeowners are much more aware of the depreciation that has occurred in the past two years than they were just last year. But what do they think of their home value versus that of their neighbors?
[click to see Zillow Homeowner Confidence Survey…]
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Thanks for sharing your great post this morning
Good Morning Joe, An interesting post and one that certainly has many homeowners contesting the actual news about home values. In some respects this is a good thing in that with homeowners being a bit more positive than might be the case, I'd rather that than the other way around. Now if we could just get the Buyers to see it that way, :-)
You're welcome Stephanie. We all love our homes.
Hey William, thanks for commenting. I agree that it sure beats the other way around.
Oh, now my worries are over! Zillow is always so completely accurate about everything---LOL
Joe, yes, "Pride of Ownership" remains in full effect as does disdain of low offers. Happy Fourth of July!
Absolutely Laura, what would we do without them!
Thanks Kevin and Happy 4th to you too!
And then there's the bankruptcy article on the Inman Report. I guess I haven't taken enough Optimists' opium. ;-)
Thanks Susie. Pass it around if you get some.