Monday, September 16, 2013
Short-term confidence in the housing market continues to hover around its highest level in years, but homeowners remain more confident in long-term recovery.
A new Rasmussen Reports national telephone survey finds that 36% of Adult Homeowners say the value of their home will likely go up in a year. That’s consistent with findings for the last several months and just a point lower than an all-time high of 37% reached in April and June. Short-term confidence hit a low of 11% in July 2011. Twenty percent (20%) now feel their home’s value will go down in the next 12 months, but just 12% felt that way in July. A plurality (42%) expects their home's value to stay about the same. (To see survey question wording, click here.)
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The survey of 661 Homeowners was conducted on September 13-14, 2013 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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