Here's a striking statistic from Zillow's fourth-quarter Homeowner Confidence Survey:
While 70 percent of homeowners think their own homes' values will increase or stay the same in the first half of 2009, only 52 percent believe home values in their local market will increase or stay the same during the same time period. Nearly half (48 percent) think values in their local market will decrease, but only 30 percent believe the same will happen to their own homes.
Brian Monaghan of VT @ Feb 12, 2009 23:03:13 PM
Muser of NM @ Feb 12, 2009 17:18:42 PM