Saturday, April 21, 2012
So goes the housing market, so goes the nation, or at least that’s the way many feel as the U.S. economy continues to stumble along.
For the first time, fewer than half (49%) of U.S. homeowners believe their home is worth more than when they bought it. That’s down 13 points from 62% last October and down a staggering 31 points from 80% who believed that to be true in June 2008.
No wonder just 52% of Americans believe buying a home is the best investment a family can make. That compares to 73% who felt that way in September 2008.
There are some flickers of hope, but they’re not the kind of numbers to make anyone jump for joy. Eighteen percent (18%) of Americans, for example, say now is a good time for someone in their area to sell their house, the highest finding in two years, although most (63%) still don’t share that sentiment.Rasmussen subscribers can log in to read the rest of this article.
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