If it's in the News, it's in our Polls. Public opinion polling since 2003.

BUSINESS

Homeowners Remain Wary About Short-Term Housing Recovery, Confident About Long-Term Market Values

Homeowners continue to hold little hope for the value of their house in the short-term and show no new confidence in long-term recovery.

A new Rasmussen Reports national telephone survey finds that only 21% of Adults who own a house say the value of their home will go up in the next year.  Twenty-five percent (25%) expect their home value to go down, while a majority (52%) says it will remain about the same.  (To see survey  question wording, click here.)

Since early December 2008, short-term optimism in the housing market has ranged from a low of 15% to a high of 31%, reached in April of last year.

When asked about five years, however, 51% of homeowners say the value of their house will go up in that time.  Fifteen percent (15%) say it will go down, and another 26% feel their home value will stay about the same in five years. 

A majority of homeowners have been optimistic about long-term improvement for a couple years now.  But in December 2008, 59% of homeowners said the price of their house was likely to go up, the highest level ever measured on this question.

(Want a free daily e-mail update? If it's in the news, it's in our polls). Rasmussen Reports updates are also available on Twitter or Facebook.

The survey of 730 Homeowners was conducted on February 5-6, 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.

Want to read more?

Become a Rasmussen Reader to read the article

Have an account?

Log In

Become a Reader

Subscribe

Rasmussen Reports is a media company specializing in the collection, publication and distribution of public opinion information.

We conduct public opinion polls on a variety of topics to inform our audience on events in the news and other topics of interest. To ensure editorial control and independence, we pay for the polls ourselves and generate revenue through the sale of subscriptions, sponsorships, and advertising. Nightly polling on politics, business and lifestyle topics provides the content to update the Rasmussen Reports web site many times each day. If it's in the news, it's in our polls. Additionally, the data drives a daily update newsletter and various media outlets across the country.

Some information, including the Rasmussen Reports daily Presidential Tracking Poll and commentaries are available for free to the general public. Subscriptions are available for $4.95 a month or 34.95 a year that provide subscribers with exclusive access to more than 20 stories per week on upcoming elections, consumer confidence, and issues that affect us all. For those who are really into the numbers, Platinum Members can review demographic crosstabs and a full history of our data.

To learn more about our methodology, click here.