Facing Facts

Colter, Allison Bisbey
February 2009
American Banker;2/19/2009, Vol. 174 Issue 33, p7
Trade Publication
The article reports that in 2008 the majority of U.S. homeowners believed their homes lost value. Economic polling company Zillow Inc. reported that 57% of homeowners believed their homes had lost value in 2008. In reality, it was estimated that 76% of homes lost value. Stan Humphries, a vice president at Zillow, said that throughout 2008 more and more homeowners began to recognize that the overall housing market crisis was impacting their homes.


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