35% Expect Their Home's Value To Go Up Over Next Year
The pre-2014 optimism among homeowners seems to have softened a bit with the number who say their home is worth more than what they owe on the mortgage down from recent highs.
A new Rasmussen Reports national telephone survey finds that 53% feel the value of their home is more than what they owe. That's down from 62% in December, the highest finding since Rasmussen Reports began regular tracking on this question in April 2009. It’s also down from 58% in November and October. Thirty-two percent (32%) now say their home is not worth more than the amount they owe, up from 24% in December. Fifteen percent (15%) are not sure. (To see survey question wording, click here).
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The survey of 670 Adult Homeowners was conducted on January 16-17, 2013 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.