Just received the latest Zillow Newsletter and it showed a distinct improvement in the confidence home owners are expressing in their home values. Here is an excerpt:
According to Zillow’s just-released Q3 Homeowner Confidence Survey, the vast majority of homeowners – 84 percent – believes their home value has reached a bottom and will not decline any further. Specifically:
- 41% think their home’s value will increase in the next six months
- 43% think their home’s value will stay the same
- 17% think their home’s value will decrease
Here is the link to the complete story: Homeowner Confidence Out of Whack – But Can you Blame Them?