Confidence in Housing Market Declines
In a potential signal of declining economic optimism, homeowners are becoming less confident in the resale value of their homes.
The latest Rasmussen Reports national telephone and online survey finds that 40% of American homeowners still think the value of their home is likely to go up over the next year. That’s down from 45% in May. Twenty-two percent (22%) now say the value of their home is more likely to go down – up from 17% in May – while 31% expect their home’s value to remain about the same. (To see survey question wording, click here.)
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The survey of 1,000 U.S. American Adults was conducted on October 4-5, 2022 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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