Survey: Homeowners Lack Confidence in Housing Market

A new survey by Rasmussen Reports finds 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 national telephone survey finds that only 20 percent of homeowners believe the value of their home will go up in the next year. Twenty-four percent expect the value to go down, but that’s an eight-point drop from last month, which had been the most pessimistic finding to date. Most (53 percent) think their home’s value will stay about the same. The survey of 720 Adult Homeowners was conducted on November 16-17, 2010 by Rasmussen Reports.

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