Harvey Realty, Inc.

Survey finds three of four homeowners think housing market bottom reached
Although 60 percent of homeowners believe their own home lost value during the past 12 months, in reality 80 percent of homes across the country lost value during the past 12 months, according to Zillow’s Q1 Homeowner Confidence Survey. However, 74 percent of homeowners surveyed believe their home will not decline in value in the coming six months, effectively calling a bottom to their own home's housing slide, the report said.

A significant number of potential sellers are holding back due to the current market, according to the report. When asked about future plans to sell, 31 percent of home owners said they would be at least "somewhat likely" to put their homes on the market in the next 12 months if they saw signs of a real estate market turnaround.