Morning Mortgage Meltdown: Homeowners Insulate Themselves From Harsh Reality: According to a new survey…

According to a new survey out from homepricing Zillow.com, 75% of homeowners believe their homes haven't lost any value over the last year. In fact, 73% of homes have lost value in the last 12 months. Uh, the power of positive thinking will not shore up the market on its own, people. But the more you know, the more you cry. [Daily Pundit]For more stories from Curbed SF, go to sf.curbed.com.

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