Industry NewsMarkets & Economy

Zillow: Homeowners ‘overly cynical’

Northeast, West the most pessimistic
Published on Feb 18, 2010

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by CareyBot

Homeowners' previously upbeat views of their own homes' worth have become "overly cynical," according to a new survey released Thursday by property search and valuation site Zillow.com.

One in five homeowners, or 20 percent, thought their home's value had increased in 2009, while 28 percent of homes actually increased in value, according to the site.

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