A recent survey by Zillow.com shows that home owners are becoming more confident in the real estate market. Zillow performs a market analysis four times a year to see if home owners are optimistic or not in their home values for the next six months. The survey results show the South to be the most confident and least affected by the recession.
The recent survey shows:
- 22% believe their home has increased in value (27% in the South).
- 19% believe their home has remained the same in value (21% in the South).
- 60% believe their home has decreased in value (52% in the South).
Across the country, 83% of home values have dropped in the last year according to Zillow’s Second Quarter Real Estate Market Reports. Home values were down almost 10% from one year ago.
Homeowners’ Future Outlook for the Next 6 Months:
- 34% believe their home’s value will increase.
- 47% believe their home’s value will remain the same.
- 19% believe their home’s value will decrease.
The Winston Salem Piedmont Triad area real estate market has been fortunate not to experience a “bubble” where home values increased beyond actual value, and where home values have not decreased greatly like in major cities in states like Florida, California, Arizona and others. Many people are still moving to North Carolina and many of them are considering the Triad area due to reports like Business Weeks Top Places to Begin a New Career.
EXIT Realty offers several marketing programs to home owners to help you sell your home fast including a free 24/7 info hot line to attract home buyers. The hot line will also text a virtual tour to a potential buyer that is interested in more info about your home. If you’re ready to list your home for sell, give me a call at (336) 287-4423, and I will provide you with a free market analysis and discuss more how EXIT will get your home SOLD.
If you are looking to buy right now, click the following link to use my Free Home Buyers Online Service. This service will help you streamline your search by adding the specific criteria you are looking for. I look forward to serving you.
