Millionaires also have an unwavering faith in money-making power of real estate. Most homeowners worth a cool $2 million or more expect their home value to increase at least somewhat and some of them expect a significant equity boost in the next year.

The Coldwell Banker survey comes on the heels of a similar study by Michaels Opinion Research, Inc. conducted for the Boston Consulting Group. It said 55 percent of Americans say their home would sell for more money now than it would have a year ago. That’s down from 59 percent last summer, but still a majority. The Boston Consulting survey also said 74 percent of homeowners were confident they could sell their home within the next six months at a price they think it’s worth.

The studies come in the midst of a FL housing market slowdown where the rate of appreciation has slowed in the vast majority of large metro areas, a growing number of areas are suffering price declines and foreclosures are sweeping the land threatening 2 million or more households, according to recent reports. Concentrated rates of foreclosures may be putting downward pressure on home prices. Original forecasts of a quick turnaround have been recast as a deeper, longer downturn.

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