I must confess, I occasionally look at Zillow.com to get some idea about the value of our home, purchased here in Bozeman, Montana about three-and-a-half years ago, and was recently astonished to see its Zestimate at about 60 percent above what we paid.
Apparently, I’m not the only one who does this, at least based on the results of a new survey from Gallup (they’re really on a roll this week) from which the chart below was pulled.
As noted in the report, there are big differences in expectations based on where you live as some 72 percent of those in the West think home prices will rise versus only 44 percent in the East (the South and the Midwest are somewhere in between).
This is consistent with data last week (as noted here) where real estate is again seen as the best investment choice, overtaking gold, much to the surprise of stock and bond investors.
