Harris Interactive and Zillow.com perform a study each quarter that measures how homeowners view their home’s value versus actual market stats. Former studies show homeowners held a belief that their home’s values were steady or rising despite the reality that values were dropping, showing a standard optimism of homeowners.
In the last quarter of 2009 however, homeowner sentiment has quickly slipped into pessimism, as the report shows that only 20% of homeowners believed their house increased in value in the previous year when they actually increased nationally 28%, according to Zillow.com
The study shows, Midwesterners lean optimistic, Southerners nearly match reality and Northeastern homeowners are the most pessimistic (click here to view map image)
File Under: Shh…don’t tell Bradley.