December 6, 2006

As Home Prices Cool Down, Homeowners Temper Their Optimism

Despite a record drop this past year in the median sales price of existing homes, more than eight-in-ten homeowners expect the value of their homes to go up either “a little” (55%) or “a lot” (26%) in the future. However, these anticipated levels of future gains are not nearly as great as the gains that homeowners say they’ve experienced in recent years.