Owners misjudge home value trends

Survey: Perception is rosier than market realities

Perception does not match up with reality when it comes to home prices, according to the results of a survey of homeowners released today by real estate valuation and marketing company Zillow.

While about 62 percent of homeowners surveyed said they believe their home values have increased or held steady in the past year, the reality is that about 73 percent of U.S. homes lost value, according to an analysis of Zillow’s second-quarter real estate market reports data, due out Aug. 12.