55% Say Their Home Worth More Than What They Owe
While recent housing numbers have been bleak, the number of homeowners who report their home is currently worth more than the amount they still owe on their mortgage is at its highest level since January.
The latest Rasmussen Reports national telephone survey of U.S. homeowners shows that 55% believe their home is worth more than the amount left on their mortgage. This finding slipped below 50% for the first time in June and July. It had ranged from 50% to 61% during the two years prior.
Thirty-three percent (33%) don’t think their home is worth more than their mortgage, a finding that has ranged from 28% to 36% since April 2009. Another 12% are not sure. (To see survey question wording, click here.)
Perceptions of home values among homeowners have improved little over the past month, though more than half still believe their home is worth more than when they bought it.
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The national telephone survey of 703 Homeowners was conducted on August 14-15, 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.
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