America is in one of the worst housing crisis in history, yet 49% of U.S. homeowners believe their home's value has increased or stayed the same over the past year, according to Zillow's Q3 Homeowner Confidence Survey.
In reality, 74% percent of homes have lost value in the past 12 months, according to preliminary findings in Zillow's Q3 Real Estate Market Reports, which will be released Nov. 12.
Other findings from the survey:
Supporters of Republican presidential nominee John McCain have more confidence about their homes' values than supporters of Democratic nominee Barack Obama.
Fewer people expect to buy or sell a home in the near future:
Three percent plan to sell their home in the next six months, down from 5 percent last quarter.
Three percent plan to buy a home, down from 4 percent in the second quarter.
...and much more!
For the complete survey go to
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