Home Prices and a River in Egypt

photo credit: Ahmed Rabea

Interesting results from a recent survey from Zillow:

Zillow.com said Wednesday that a majority of homeowners believe their house is insulated from the housing crisis, which has seen 77 percent of the nation’s homes fall in value during the second quarter.

The online real estate company’s second quarter homeowner confidence survey found that 62 percent of homeowners believe their house has actually increased in value despite the nation’s widely reported housing woes and significant market data to the contrary.

I guess everyone elses home can depreciate but my home is extra special. Heather Barr talks about this disconnect.

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