New High: 64% Say Their Home Worth More Than What They Owe
A record number of homeowners say their home is worth more than what they still owe on it.
A new Rasmussen Reports national telephone survey finds that 64% of American homeowners feel the value of their home is now more than what they owe on their mortgage. That’s up four points from 60% in June and is the highest finding in over five years of regular surveying. Twenty-four percent (24%) say their home is not worth more than what they owe, but that's down five points from June and the lowest finding since December. Eleven percent (11%) are not sure. (To see survey question wording, click here).
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The survey of 663 Adult Homeowners was conducted on July 12-13, 2014 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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