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Homeowners Becoming More Realistic

August 5, 2010

Confidence about the values of property has declined recently. From a recent survey of homeowners, about 30% predict that values will increase in the next 6 months, down from 42% who believed that in the 1st quarter of 2010. 28% believe that values will fall. In reality, about 34% of homes actually increased in value in the 2nd quarter, but only 24% of homeowners say their value increased. Here is an interesting one: if they see signs of a recovering market, 5% of homeowners say they would put their home up on the market.

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