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In the Spotlight

• Homeowner Confidence Survey: Homeowners in the Northeast were the most cynical about their own homes’ values over the past 12 months, although the region posted the highest percentage of homes increasing in value during that same time period, according to the Zillow Q3 Homeowner Confidence Survey  and the Zillow Q3 Real Estate Market Reports. Fewer than half (49%) of homeowners say their own home’s value decreased in the past 12 months; in reality, 72% of U.S. homes declined in value. More in the press release, press room, and on the Zillow Blog.
• Real Estate Market Reports: Home values in the United States posted their 11th consecutive quarterly decline, falling 6.9% year-over-year to a Zillow Home Value Index of $190,400, according to the third quarter Zillow Real Estate Market Reports. The percent of single-family homes with mortgages in negative equity fell to 21% in the third quarter, down from 23% in the second, as home values stabilized in the short term and more underwater homeowners lost their homes to foreclosure. Foreclosure re-sales made up more than one-fifth (21.4%) of all U.S. home sales in September. More Q3 Real Estate Market Reports data in the press release, press room and on the Zillow Blog.
• Homebuyers Negotiating Power: Buyers nationally negotiated a median 2.9% off the final listing price in September, down a bit from 3% in August. In some markets, buyers continued negotiate large discounts. The Vero Beach, Fla., market topped the list again in September, with buyers paying a median 8.1% off the final price of homes. The other top negotiating spots were also in Florida, with buyers in the Naples, Sarasota and Panama City markets negotiating more than 7% off the final listing price of their new homes. More on the Zillow Blog.
  
  

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