05
Jan
12

Buyers Remain Optimistic About Home Value Appreciation

Despite the ongoing housing slump, a poll released by real estate marketer Zillow shows that 42 percent of buyers still believe homes appreciate at a rate of seven percent per year. 

Zillow notes that housing prices have generally tended down in the the last five years and that even historical averages put appreciation at no more than two of five percent per year.

While Zillow poll found most buyers generally knowledgeable about the buying process, 41 percent said they believed purchasers are required to have private mortgage insurance and 56 percent didn’t know the difference between and appraiser and an inspector.

*Compliments of Old Republic National Title Insurance Co.

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Jennifer Ferri, Owner

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