A recent Internet posting by RIS Media stated that "homeowners are more optimistic than ever about the future values of their homes, with 81% of homeowners believing their own homes' values will not decline in the next six months- the highest percentage on record since the first quarterly Homeowner Confidence Survey, which was fielded in the second quarter of 2008. Meanwhile, only 19% of homeowners believe their own home will decrease in value over the next six months."
It is good news for all of us that the general public is no so down in the dumps as they were last year, but I not sure I fully agree. Homes are selling now because interest rates is great and the $8000 tax credit, but the credit will be gone soon and interest are sure to rise some.
I think that people are confident enough to be buying houses, but that prices will remain close to what there are now for the next year, and we won't see significant price increases for a few years.
Read more: http://rismedia.com/2009-08-18/optimism-grips-homeowners-81-think-homes-value-will-increase-or-stay-same-in-next-6-months/#ixzz0OeGrOcRi
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