About two-thirds of homeowners in the West told a survey that their home has decreased in value in the past year, and more than a quarter expect their home’s value to decrease in the next six months.
According to a new survey by Seattle-based online real estate company Zillow.com, nationally, about one in every three homeowners say house values in their market haven’t reached bottom. Zillow divided the country into four areas, and 65 percent of homeowners in the West said their home has decreased in value in the past year while only 20 percent said their home’s value increased.
Also in the West, 26 percent expect homes in their area to decrease in value, and 38 percent said they expect values to rise.
Read more: Homeowners pessimistic about home values: Survey - Portland Business Journal
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