Tuesday, December 24, 2013
Belief among homeowners that their home is worth more than what they still owe on their mortgage is at its highest level in over four-and-a-half years. Short- and long-term confidence in housing values remains at the higher levels seen all this year.
A new Rasmussen Reports national telephone survey finds that 62% feel the value of their home is more than what they owe on their mortgage. That's the highest finding since Rasmussen Reports began regular tracking on this question in April 2009. A record low of 24% feel their home is worth less than what they still owe, while 13% are not sure. (To see survey question wording, click here).
The survey of 715 Adult Homeowners was conducted on December 19-20, 2013 by Rasmussen Reports. The margin of sampling error is +/- 3 percentage points with a 95% level of confidence. Field work for all Rasmussen Reports surveys is conducted by Pulse Opinion Research, LLC. See methodology.Rasmussen subscribers can log in to read the rest of this article.
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