I can’t find a direct link, but I keep hearing about a survey of homeowners (possibly conducted by Zillow) that finds that 3/4 of homeowners nationwide (77% is another number I have seen) think that the value of their home has appreciated or at least held its value since 2006. About half of those people thought that the value had increased, and the other half thought the value stagnated in 2007.
I hate to break this to a bunch of people, but in most markets… the roughly 35% of people that think their home increased in value last year… are wrong. A few are right. There are some areas around Atlanta that went up and kept reasonable volume.
I’d love to see real numbers for this area.
If you are looking to sell a property in Gwinnett County, GA, I’ll give it to you straight.