According to a recent survey by Zillow.com, three out of four U.S. homeowners think that the housing market has seen its worst days and a turn-around is near.  Researchers for the Zillow.com sampled almost 1,400 homeowners around the country in early April and asked where they thought the housing market was headed. About half of homeowners living in Southern states and about 60% nationwide said that their houses were worth less than they were a year ago.  Zillow.com estimates that actually about 70% of homes in the Southern region of the U.S. have lost value in the last year. 

While people recognize that housing prices have been falling and the housing market is in a slump, they are far more optimistic about the future with three out of four homeowners believing that their homes’ prices will increase or remain flat over the next 6 months.  Homeowners are also eager to get back into the market with 30% saying they would be likely to put their house up for sale at the first sign of a market rebound.