51% Say Value Of Their Home Worth More Than They Still Owe
Just half of homeowners believe their home is worth more than what they still owe on it, but confidence in the short-term housing market remains higher than it has been in several years.
Fifty-one percent (51%) of U.S. homeowners say the value of their house is worth more than the amount they still owe on their mortgage, according to a new Rasmussen Reports national telephone survey. That finding is down from 55% a month ago. Thirty-six percent (36%) say they owe more than what their home is worth, while 13% are not sure. (To see survey question wording, click here.)
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The survey of 719 U.S. Homeowners nationwide was conducted on August 20-21, 2013 by Rasmussen Reports. The margin of sampling error is +/- 4 percentage points with a 95% level of confidence. Fieldwork for all Rasmussen Reports surveys is conducted by Pulse Opinion Research, LLC. See methodology.
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