62% of U.S. Homeowners believe their home’s value has increased or stayed the same in the past year. In reality, 77% of U.S. homes have declined in value over the past 12 months.To a large extent, this simply confirms that humans will be humans, as when most people say they're above-average (then who is average?). But it's also a statement about the times we're in and just how much people have come to expect homes to never depreciate. Time to wake up folks, the game has changed.
Tuesday, August 12, 2008
Zillow.com is out with a survey finding that:
Posted by Grey Matter at 9:27 PM