More than 42 percent of prospective home buyers believe home values increase by about 7 percent each year, according to a recent survey by Zillow. This estimation is out of line for the current economic times and high even for years prior to the housing crisis. In a normal market, home values tend to increase by only 2 percent to 5 percent per year, according to Zillow. While home buyers revealed a lack of understanding of home values, respondents answered about 65 percent of questions correctly.
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