Monday, May 16, 2011
Homeowners continue to be skeptical about the value of their home in the short-term and even long-term confidence is limited.
A new Rasmussen Reports national telephone survey finds that only 15% of Adult Homeowners believe the value of their house will go up over the next year. Twenty-seven percent (27%) hold the opposite view and believe it will go down.
Even looking out five years, just 43% believe the value of their home will go up. “That’s a devastating assessment for a nation that was brought up to believe that housing values would always go up,” noted Scott Rasmussen, President of Rasmussen Reports. Sixteen percent (16%) say the value of their house will go down, and another 33% think it will stay about the same.
The survey of 680 Homeowners was conducted on May 14-15, 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.
ORRasmussen Reader subscribers can now get full access to current articles for 1 year for $24.95
Rasmussen Reports is a media company specializing in the collection, publication and distribution of public opinion information.
We conduct public opinion polls on a variety of topics to inform our audience on events in the news and other topics of interest. To ensure editorial control and independence, we pay for the polls ourselves and generate revenue through the sale of subscriptions, sponsorships, and advertising. Nightly polling on politics, business and lifestyle topics provides the content to update the Rasmussen Reports web site many times each day. If it's in the news, it's in our polls. Additionally, the data drives a daily update newsletter and various media outlets across the country.
Some information, including the Rasmussen Reports daily Presidential Tracking Poll and commentaries are available for free to the general public. Subscriptions are available for $4.95 a month or 34.95 a year that provide subscribers with exclusive access to more than 20 stories per week on upcoming elections, consumer confidence, and issues that affect us all. For those who are really into the numbers, Platinum Members can review demographic crosstabs and a full history of our data.
To learn more about our methodology, click here.