Zillow, the Seattle-based company that collects data on home values throughout the country, has released results of it's homeowner confidence survey conducted during the 4 th quarter of 2009. Zillow found that only 20 percent of the 2200 homeowners surveyed felt that their home's value had increased during 2009 while, based on its own data, Zillow believes that 28 percent of homes nationally had appreciated in value during the year. Based on this response, Zillow assigned a negative two score to its Home Value Misperception Index where an index value of 0 would mean that homeowner's perceptions were in line with actual values. The original index when the survey was first conducted seven quarters ago was 32. Last quarter the Index was at 10 and one year earlier it was 11. Zillow...(read more)

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