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Zillow survey finds high degree of owner misperception

Started by KISS
over 17 years ago
Posts: 303
Member since: Mar 2008
Discussion about
http://blogs.wsj.com/economics/2008/08/06/housing-market-deals-with-reality-gap/
Response by EddieWilson
over 17 years ago
Posts: 1112
Member since: Feb 2008

"A survey by real-estate Web site Zillow.com found that 40% of homeowners think that the value of their house increased in the past year and 22% think it stayed the same."

"We attribute this gap to a combination of inattention and a fair bit of denial that causes people to believe their home is insulated from the woes of the market that affect others, but not them,”

This should not be a surprise to anyone who reads 2 posts on this board...

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