Confidence In A Home As An Investment Remains Down
Belief that a home is a good buy for a family remains low.
A new Rasmussen Reports national telephone survey finds that just 53% of Americans now think a home is the best investment families can make. That’s up slightly from August but remains down from the high 50s and low 60s routinely found in surveys back to April of last year.
Twenty-five percent (25%) say a home is not a family’s best investment, while another 22% are not sure. (To see survey question wording, click here.)
Just 12% of Adults believe now is a good time for someone in their area to sell a house. Seventy percent (70%) disagree and say now is not a good time to sell. Eighteen percent (18%) are not sure.
Those who think now is a good time to sell have ranged from a low of nine percent (9%) in April 2009 to a high of 19% this past March. This figure has held steady at 12% since July.
Homeowners continue to have little short-term confidence in the U.S. housing market but are much more confident about the picture five years down the road. The findings on both questions remain in the ballpark of where they’ve been for well over a year.
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The survey of 1,000 Adults nationwide was conducted on November 16-17, 2010 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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