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Confidence in Short-Term Housing Market Slips to 2014 Low

Tuesday, August 19, 2014

Homeowners are slightly less confident than they’ve been in over a year that their home’s value will increase in the short-term. Confidence in their home's current value has fallen back as well. Thirty-four percent (34%) of U.S. homeowners now think the value of their home will go up in the next year, according to a new Rasmussen Reports national telephone survey. That’s down four points from July  and is the lowest level of confidence measured since July of last year. Fourteen percent (14%) expect the value of their home to go down over the next year, while 48% still expect it to stay about the same. (To see survey question wording, click here.)

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The survey of 640 Adult Homeowners was conducted on August 17-18, 2014 by Rasmussen Reports. The margin of sampling error is +/- 4 percentage points with a 95% level of confidence. Field work for all Rasmussen Reports surveys is conducted by Pulse Opinion Research, LLC. See methodology.

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