Just 44% Now Expect Their Home To Be Worth More in Five Years
Homeowners are more pessimistic about the short-term housing market, but now fewer than half the nation's homeowners expect the value of their homes to go up in the next five years.
The latest Rasmussen Reports national telephone survey of 720 Homeowners shows that just 19% of homeowners believe their home's value will go up over the next year, down slightly from last month. But 30% expect its value to go down in that time, tying the highest level of pessimism in two years of surveying. Roughly half (49%) think their home's value will remain about the same over the next 12 months as it is now. (To see survey question wording, click here.)
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The survey of 720 Homeowners was conducted on March 15-16, 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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