A new report says that many American homeowners are eagerly waiting for home values to rise so they can sell their properties.
Five percent of the nation's homeowners are likely to put their houses on the market in the next six months with signs of the real estate market was turning around, according to a quarterly survey released Thursday by Zillow. That means about 3.8 million homes could have "for sale" signs.
Perceptions of the market's vitality vary geographically, though. More Western homeowners were more optimistic about the future of home prices in the second quarter than they were in the first quarter, with 38% believing values will go up the next six months.
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