Homeowner Confidence Dips Again with News of Declining Home Sales
We've come a long way from 2008. Back then, when we first started fielding the Zillow Homeowner Confidence Survey, homeowners were convinced their homes weren't (when most of them actually were), and were overly optimistic about the future of home values. Not anymore.
Home Sales Defy Expectations and Decrease in May
With homes purchased under the homebuyer tax credits still closing throughout May, economists across the country predicted increased home sales during the month. So today's news from the National Association of Realtors that existing-home sales fell 2.2 percent from April to May came as a surprise to many.
Price Differences Between Foreclosures and Non-Foreclosures
Despite making up a large proportion of home sales across the country, foreclosures make up a distinct market. They regularly fetch much lower prices than similar, nearby homes.
