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.
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