“The bad news on the general economy front is getting through to people and certainly is making their perception of home values more accurate… [homeowners] have a larger sense of the personal wealth of their portfolio than is actually the case.”
– Zillow Vice President of Data and Analytics Stan Humphries, on his company’s latest survey of real-estate market confidence. The survey found that owners’ perceptions of their homes values moved closer to their homes’ true values between the second and third quarter of this year, according to Bloomberg.com.
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