- May 25, 2002
- Professional Status
- Certified Residential Appraiser
Homeowners aren't going to let the worst national housing downturn in a generation interfere with their property value expectations.
A survey earlier this week found that asking prices for Dallas-area homes had risen more than 2 percent in the last three months.
Now, a national survey finds that 40 percent of U.S. homeowners think their house is worth more than it was a year ago. And 22 percent more believe their home price is unchanged, according to the poll by online real estate site Zillow.
The biggest increase in owner expectations was in the South, where almost half of homeowners surveyed said their house has gained in value in the last year.