Tuesday, May 20, 2014
Confidence in the short-term housing market remains stable at levels seen since early last year, but long-term confidence has fallen to its lowest since September.
A new Rasmussen Reports national telephone survey finds that 58% of American homeowners feel the value of their home is more than what they still owe on their mortgage. That is unchanged from March and consistent with views since last October. Thirty-one percent (31%) now say their home is not worth more than they owe. Eleven percent (11%) are not sure. (To see survey question wording, click here.)
The survey of 672 Adult Homeowners was conducted on May 18-19, 2014 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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