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Three-Year High: 60% Think Their Home Worth More Than Mortgage

Wednesday, December 19, 2012

There has been a sharp increase in short-term housing market confidence over the past month.

A new Rasmussen Reports national telephone survey finds that 60% of homeowners now believe their home is worth more than their mortgage. That’s up five points from a month ago and the highest level of confidence since October 2009. Only 33% think their home is worth less than what they owe. (To see survey question wording, click here.)

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The survey of 676 Homeowners nationwide was conducted on December 15-16, 2012 by Rasmussen Reports.  The margin of sampling error is +/- 4 percentage points with a 95% level of confidence. Fieldwork for all Rasmussen Reports surveys is conducted by Pulse Opinion Research, LLC. See methodology.

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