Tuesday, July 19, 2011
Confidence that home values will go up over the coming year has fallen to the lowest level ever recorded.
The latest Rasmussen Reports national telephone survey of homeowners shows that just 11% now believe the value of their home will go up over the next 12 months. That’s down from 16% last month. Prior to the latest survey, the number who expected their home values to rise during the next year ranged from 15% to 31%.
One-in-three homeowners (33%) now expects his or her home’s value to go down in the next year, down slightly from June’s high of 37%. Fifty-three percent (53%) think their home will be worth about the same amount in a year's time. (To see survey question wording, click here.)
The national telephone survey of 676 Homeowners was conducted on July 17-18, 2011 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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