Relevant:
- U.S. ‘Underwater' Homeowners Increase to 28 Percent, Zillow Says
- Consumer Confidence in Home Prices Exceeds Zillow Property Valuations
- Slide in U.S. Home Values Slowed in Second Quarter, Zillow Says
- one in three think home prices will fall further
- Zillow: "Unsustainable" Home Price Appreciation Cooling Down
2009-08-02 — calculatedriskblog.com
According to Zillow's latest Homeowner Confidence Survey, 12 percent of homeowners said they would be "very likely" to put their home on the market in the next 12 months if they saw signs of a real estate market turnaround, 8 percent said "likely," while 12 percent said "somewhat likely."
I recall that another recent Zillow survey said that about 30% of homeowners planned to put their houses on the market "when there was a recovery" -- which is even more dramatic, and, bodes pretty poorly for the viability of any such recovery.
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