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New High: 80% Say Now Isn’t Time To Sell Home

Thursday, October 20, 2011

Though the government reported a modest climb in housing starts in September, the number of adults nationwide who say now is not the time to sell a home has reached an all-time high. 

The latest Rasmussen Reports national telephone survey of U.S. Adults shows that only nine percent (9%) believe now is a good time for someone in their area to sell their home. Eighty percent (80%) disagree and say it is not a good time to sell. That latter figure is up 10 points from September and the highest level of pessimism ever measured. The previous high—77%--was reached in February of last year. (To see survey question wording, click here.)

For the fifth straight month, less than half of Americans (48%) believe home-buying is the best investment a family can make. Twenty-five percent (25%) disagree and say this is not a family’s best bet while 27% are undecided.

In September 2008, 73% felt buying a home was the best investment a family could make. As recently as last September, 60% felt that way. That number first slipped below 50% in June of this year and has stayed there ever since.

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The survey of 1,000 Adults was conducted on October 13-14, 2011 by Rasmussen Reports. The margin of sampling error is +/- 3 percentage points with a 95% level of confidence. Field work for all Rasmussen Reports surveys is conducted by Pulse Opinion Research, LLC. See methodology.

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