October 17, 2007

Americans Expecting Local Housing Prices to Climb

53%

That’s the percentage of Americans who think local housing prices will climb in the next few years, down from 62% in June.

Overall, 53% of Americans think local housing prices will climb in the next few years, down from 62% in June, while the number expecting prices to fall has increased from 28% to 36%. Market predictions differ by the value of housing near where a person lives. In metropolitan areas where the median single-family home sells for $300,000 or more, nearly as many people believe prices will go down (45%) in coming years as say prices will go up (47%). By comparison, most people in metropolitan areas where home prices are lower foresee at least modest gains in housing values Read More