Four times a year, Zillow conducts a survey to find out how homeowners perceive the values of their homes and what they think the future will bring. Zillow wants to know how realistic homeowners are about the current values of their homes.

Since we are in such a huge housing recesiion, it’s always interesting to see how it’s perceived by current homeowners. Are they realistic about the current value of their home?  Are they in denial and seeing the value as it was two or three years ago? This quarter’s survey, according to Zillow, says that homeowners are slowly becoming more realistic about the current situation, but are hopeful about values turning around soon.

Just like other quarters, more homeowners agree that the value of their home has declined over the past year. Survey results show that 60% think the value of their home has decreased. According to Zillow, actually 83% of U.S. homes decreased in value over the past year.

Zillow also reports a growing optimism that home values will not continue to decline in the six months ahead. 81% of homeowners think that the value of their home will stay the same or increase.

This entry was posted on Monday, September 14th, 2009 at 10:12 pm and is filed under Sellers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.