Homeowner Confidence Survey

National Survey

Homeowner Confidence vs. Actual Home Value Change
National Survey results:

• My Home’s Value Has Increased Over Past Year: 25%
• My Home’s Value Has Decreased Over Past Year: 57%
• My Home’s Value Has Stayed the Same Over Past Year: 18%

Actual U.S. Home Values (according to Zillow data):

• Home Values Increasing: 20%
• Home Values Decreasing: 76%
• Home Values Staying the Same: 4%

Confidence About Own Home vs. Neighbors’ Homes

• My Own Home’s Value Will Decrease in Next Six Months: 30%
• Home Values in My Local Market Will Decrease in Next Six Months: 47%

Northeast

Homeowner Confidence Survey Results by Region – Northeast:

• My Home’s Value Has Increased Over Past Year: 23%
• My Home’s Value Has Decreased Over Past Year: 57%
• My Home’s Value Has Stayed the Same Over Past Year: 20%

Actual U.S. Home Values (according to Zillow data):

• Home Values Increasing: 24%
• Home Values Decreasing: 71%
• Home Values Staying the Same: 6%

Confidence About Own Home vs. Neighbors’ Homes:

• My Own Home’s Value Will Decrease in Next Six Months: 30%
• Home Values in My Local Market Will Decrease in Next Six Months: 46%

Midwest

Homeowner Confidence Survey Results by Region – Midwest:

• My Home’s Value Has Increased Over Past Year: 22%
• My Home’s Value Has Decreased Over Past Year: 58%
• My Home’s Value Has Stayed the Same Over Past Year: 20%

Actual U.S. Home Values (according to Zillow data):

• Home Values Increasing: 21%
• Home Values Decreasing: 73%
• Home Values Staying the Same: 5%

Confidence About Own Home vs. Neighbors’ Homes

• My Own Home’s Value Will Decrease in Next Six Months: 30%
• Home Values in My Local Market Will Decrease in Next Six Months: 47%

South
Homeowner Confidence Survey Results by Region – South:

• My Home’s Value Has Increased Over Past Year: 33%
• My Home’s Value Has Decreased Over Past Year: 47%
• My Home’s Value Has Stayed the Same Over Past Year: 20%

Actual U.S. Home Values (according to Zillow data):

• Home Values Increasing: 25%
• Home Values Decreasing: 70%
• Home Values Staying the Same: 5%

Confidence About Own Home vs. Neighbors’ Homes:

• My Own Home’s Value Will Decrease in Next Six Months: 26%
• Home Values in My Local Market Will Decrease in Next Six Months: 44%

West
Homeowner Confidence Survey Results by Region – West:

• My Home’s Value Has Increased Over Past Year: 19%
• My Home’s Value Has Decreased Over Past Year: 70%
• My Home’s Value Has Stayed the Same Over Past Year: 11%

Actual U.S. Home Values (according to Zillow data):

• Home Values Increasing: 9%
• Home Values Decreasing: 89%
• Home Values Staying the Same: 2%

Confidence About Own Home vs. Neighbors’ Homes

• My Own Home’s Value Will Decrease in Next Six Months: 37%
• Home Values in My Local Market Will Decrease in Next Six Months: 54%

Homeowner Confidence Survey: For additional information about the Q4 Homeowner Confidence Survey,check out the press release on the Zillow Blog.

Source: Zillow.com

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Updated:  1st Q 2018

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