37% Expect Their Home To Be Worth More A Year From Now
The number of homeowners who say their home is worth more than what they still owe is down this month, but confidence in the short-term housing market remains higher than it has been in several years.
A new Rasmussen Reports national telephone survey finds that just 50% of U.S. homeowners now say their home is worth more than they still owe on their mortgage. That’s down 10 points from 60% in May which was the highest finding so far this year and tied a high reached only once before in four years of regular surveying. Thirty-three percent (33%) still say they owe more than their home is worth, generally consistent with regular surveying since April 2009. (To see survey question wording, click here.)
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The survey of 708 Homeowners nationwide was conducted on June 25-26, 2013 by Rasmussen Reports. The margin of sampling error is +/- 4 percentage points with a 95% level of confidence. Fieldwork for all Rasmussen Reports surveys is conducted by Pulse Opinion Research, LLC. See methodology.