These poll numbers were released earlier today by Rasmussen Reports -- "an electronic publishing firm specializing in the collection, publication, and distribution of public opinion polling information."
Just 44% Now Expect Their Home To Be Worth More in Five Years
Thursday, March 17, 2011
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 .)
Feelings about further down the road are getting gloomier, too. Only 44% believe their home's value will go up in the next five years. That's down six points from last month and is just three points above the lowest level measured in almost two years. In 2010, the number of homeowners who expected values to increase in five years ranged from a low of 41% in August to a high of 55% in April.
Sixteen percent (16%) now expect the value of their home to go down in the next five years, the second-highest finding in two years. Thirty-three percent (33%) predict their home's value will remain about the same.
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.
Men are much more confident than women when it comes to both short- and long-term home values. Higher-income homeowners express more confidence about five years down the road than those who earn less.
Investors share similar views with non-investors about home values in a year's time, but they are much more optimistic than non-investors when it comes to home values five years from now.
Recent polling shows that workers nationwide are less optimistic about their future earnings.
Data from the Rasmussen Consumer Index shows that consumer and investor confidence have fallen since February.
Earlier this month , 59% of American Adults said interest rates will be higher one year from now.