Wednesday, January 23, 2013
Homeowners remain more confident about both the short- and long-term housing market than they have been in several years. Most still believe their home is worth more than what they owe on their mortgage, and fewer homeowners than ever expect to miss or be late with a mortgage payment in the next six months
A new Rasmussen Reports national telephone survey finds that 29% of homeowners think the value of their home will go up over the next year. That's down slightly from a high of 31% in December but is the second highest level of confidence in the short-term housing market since April 2010. Only 15% expect their home's value to go down over the next 12 months, down four points from last month and the lowest level of pessimism in nearly four years of regular surveying. Most (52%) think their home’s value will remain about the same. (To see survey question wording, click here.)
The survey of 713 Homeowners nationwide was conducted on January 20-21, 2013 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.Rasmussen subscribers can log in to read the rest of this article.
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