Monday, February 20, 2012
Amidst reports that sales of new and existing houses were up in January, confidence among homeowners that the value of their home will increase in the next five years is at its highest level in over a year, as is the number who believe their house is worth more than what they still owe on it.
A new Rasmussen Reports national telephone survey finds that 57% of Adult Homeowners think the value of their home is worth more than their mortgage. That finding is up slightly from mid-January, but is at the highest level measured since early January of last year. Since then, this figure has generally remained in the high 40s to low 50s.
Nearly one-in-three homeowners (32%) don’t believe their home is worth more than what they owe on their mortgage. Another 11% are not sure. (To see survey question wording, click here.)
The national survey of 706 Adult Homeowners was conducted on February 17-18, 2012 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.Rasmussen subscribers can log in to read the rest of this article.
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