Wednesday, October 19, 2011
One-out-of three U.S. homeowners continue to say their home is worth less than what they owe on it.
The latest Rasmussen Reports national telephone survey of U.S. homeowners shows that 34% say their home is not worth more than the amount left on their mortgage, just three points below the all-time high of 37% reached last month.
Fifty-four percent (54%) believe their home is worth more than the amount they still owe. That's up from 47% in September. This finding has ranged from 45% to 61% since December 2008. Thirteen percent (13%) aren’t sure. (To see survey question wording, click here.)
Sixty-two percent (62%) of homeowners say their home is worth more now than when they bought it. Nineteen percent (19%) say their home's worth less and 17% about the same. The same survey finds that homeowners continue to worry about the short- and long-term value of their homes, with findings still below what they were two years ago.
The survey of 701 Homeowners was conducted on October 13-14, 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.
ORBecome a member and get full access to all articles and polls starting at $3.95/month.
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 $3.95 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.