The Real Deal Miami

Homeowners in denial

August 07, 2008 11:39AM

Despite the down market, homeowners still believe their homes are increasing in value. In the second quarter of 2008, 62 percent of homeowners surveyed said they think the value of their homes increased over the past year, according to In reality, 77 percent of U.S. homes decreased in value of the past year, only 19 percent appreciated and 5 percent stayed the same.