March 16, 2007

Most Optimistic Homeowners

26%

That’s the portion of U.S. homeowners who expect the value of their home to go up “a lot” in the future. But another 55% still expect their home values to rise at least “a little.”

Despite a record drop this past year in the median sales price of existing homes, about a quarter (26%) of homeowners expect the value of their homes to go up “a lot” in the future; an additional 55% expect their home’s value will rise “a little.” However, these anticipated levels of future gains are not nearly as great as the gains that homeowners say they’ve experienced in recent years. About twice as many homeowners (46%) say their house increased “a lot” in value over the past few years as say they expect similar increases in the future, according to a nationwide Pew Research Center survey taken from October 18 through November 9, 2006. Meantime, just 10% say they expect the value of their houses to decline. Read More