Homeowner Confidence Dips Again with News of Declining Home Sales
August 18, 2010
We've come a long way from 2008.
Back then, when we first started fielding the Zillow Homeowner Confidence Survey, homeowners were convinced their homes weren't declining in value (when most of them actually were), and were overly optimistic about the future of home values.
Not anymore. According to our second quarter Harris survey of 1,482 homeowners, homeowners are more pessimistic about the future of home values than they have been in the past three quarters. More than a quarter (28%) think...