Renewed optimism in US real estate as survey shows 81% believe property prices will stabilise or inc

[Nicholas Wallwork]

Improved property prices and a growth in the number of real estate sales has prompted a renewed optimism in the US with 81% believing that the value of their home will increase or at least not fall in the next six months.

Although more than half of those who took part in the Zillow second quarter 2009 Homeowner Confidence Survey believe the value of their property declined in that last year, there is still an overwhelming confidence.* And some 29% said that they are likely to put their home on the market.

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[marksman_121]

It is definitely a good news to hear after 9/11 and the world economy falling apart...
We the Americans are at last recovering from our distress to build a better future.

 

[Nick Brian]

It depends I guess. US real estate business trend tends to increase price in a very biased manner. The better demographic condition of certain areas simply increase price at a higher rate than that of the less improved areas. Also when price falls it favors the better demographic areas.