37% Expect Their Home To Be Worth More A Year From Now
Thursday, June 27, 2013
The number of homeowners who say their home is worth more than what they still owe is down this month, but confidence in the short-term housing market remains higher than it has been in several years.
A new Rasmussen Reports national telephone survey finds that just 50% of U.S. homeowners now say their home is worth more than they still owe on their mortgage. That’s down 10 points from 60% in May which was the highest finding so far this year and tied a high reached only once before in four years of regular surveying.
Thirty-three percent (33%) still say they owe more than their home is worth, generally consistent with regular surveying since April 2009. (To see survey question wording, click here.)
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The survey of 708 Homeowners nationwide was conducted on June 25-26, 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.
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