Less Than Half of Homeowners Expect Value to Go Up in Five Years
Less Than Half of Homeowners Expect Value to Go Up in Five Years
Less Than Half of Homeowners Expect Value to Go Up in Five Years
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March 23, 2011 (Shirley Allen)
mortgage-homevalue-image
The onslaught of bad economic news has apparently affected homeowners moods as pessimism about the recovery of home values in the short term has grown, as less than half of the nations homeowners now expect the value of their homes to go up in the next five years, according to a recent poll by Rasmussen Reports.

In a survey of 720 homeowners conducted on March 15-16, fifty-three percent of the homeowners say that their home is worth more than they still owe on it, which is up from 51 percent last month, the lowest finding since May 2009

But 31 percent believe they owe more than their home is worth, with another 16 percent not sure. Since April 2009, the number that say they owe more than their home is worth has ranged from 28 to 36 percent, while those who thought their homes were worth more than they owe has ranged from 49 to 61 percent.

The number of homeowners who said they were unlikely to miss or be late on a payment was 84 percent; while 13 percent said they think they are at least likely to miss or be late on a mortgage payment over the next six months. This was consistent with findings for well over a year.

Nine percent of the homeowners say they have missed or been late on a mortgage payment in the previous six months, eighty-eight percent had not.

Sixty four percent believed that if you couldn’t afford increased mortgage payments that you should sell your house and find a less expensive, while 22 percent say that the government should provide assistance instead of having to sell your house.

Homeowners who made more than $75,000 per year were more opposed to government assistance for troubled homeowners. Women were more supportive of government assistance programs than men and unmarried Americans favored government help more than those who were married.

There’s even more, if you’d like to read it, click here.

Tags: Rasmussen Reports, economic pessimism, home values, homeowners, miss a mortgage payment, increased mortgage payment, government assistance

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March 23, 2011 (Shirley Allen)
mortgage-homevalue-image
The onslaught of bad economic news has apparently affected homeowners moods as pessimism about the recovery of home values in the short term has grown, as less than half of the nations homeowners now expect the value of their homes to go up in the next five years, according to a recent poll by Rasmussen Reports.

In a survey of 720 homeowners conducted on March 15-16, fifty-three percent of the homeowners say that their home is worth more than they still owe on it, which is up from 51 percent last month, the lowest finding since May 2009

But 31 percent believe they owe more than their home is worth, with another 16 percent not sure. Since April 2009, the number that say they owe more than their home is worth has ranged from 28 to 36 percent, while those who thought their homes were worth more than they owe has ranged from 49 to 61 percent.

The number of homeowners who said they were unlikely to miss or be late on a payment was 84 percent; while 13 percent said they think they are at least likely to miss or be late on a mortgage payment over the next six months. This was consistent with findings for well over a year.

Nine percent of the homeowners say they have missed or been late on a mortgage payment in the previous six months, eighty-eight percent had not.

Sixty four percent believed that if you couldn’t afford increased mortgage payments that you should sell your house and find a less expensive, while 22 percent say that the government should provide assistance instead of having to sell your house.

Homeowners who made more than $75,000 per year were more opposed to government assistance for troubled homeowners. Women were more supportive of government assistance programs than men and unmarried Americans favored government help more than those who were married.

There’s even more, if you’d like to read it, click here.

Tags: Rasmussen Reports, economic pessimism, home values, homeowners, miss a mortgage payment, increased mortgage payment, government assistance

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
HOW LOANRATENETWORK
LOAN CENTER WORKS
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Helpful Tools

March 23, 2011 (Shirley Allen)
mortgage-homevalue-image
The onslaught of bad economic news has apparently affected homeowners moods as pessimism about the recovery of home values in the short term has grown, as less than half of the nations homeowners now expect the value of their homes to go up in the next five years, according to a recent poll by Rasmussen Reports.

In a survey of 720 homeowners conducted on March 15-16, fifty-three percent of the homeowners say that their home is worth more than they still owe on it, which is up from 51 percent last month, the lowest finding since May 2009

But 31 percent believe they owe more than their home is worth, with another 16 percent not sure. Since April 2009, the number that say they owe more than their home is worth has ranged from 28 to 36 percent, while those who thought their homes were worth more than they owe has ranged from 49 to 61 percent.

The number of homeowners who said they were unlikely to miss or be late on a payment was 84 percent; while 13 percent said they think they are at least likely to miss or be late on a mortgage payment over the next six months. This was consistent with findings for well over a year.

Nine percent of the homeowners say they have missed or been late on a mortgage payment in the previous six months, eighty-eight percent had not.

Sixty four percent believed that if you couldn’t afford increased mortgage payments that you should sell your house and find a less expensive, while 22 percent say that the government should provide assistance instead of having to sell your house.

Homeowners who made more than $75,000 per year were more opposed to government assistance for troubled homeowners. Women were more supportive of government assistance programs than men and unmarried Americans favored government help more than those who were married.

There’s even more, if you’d like to read it, click here.

Tags: Rasmussen Reports, economic pessimism, home values, homeowners, miss a mortgage payment, increased mortgage payment, government assistance

HOW LOANRATENETWORK
LOAN CENTER WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.