Confidence in Housing Market Surges
Despite high interest rates, homeowners are now more confident in the resale value of their homes than they’ve been in nearly five years.
The latest Rasmussen Reports national telephone and online survey finds that 51% of American homeowners think the value of their home is likely to go up over the next year – up nine points since February, and the highest since July 2019. Just 13% now say the value of their home is more likely to go down – down four points from February – while 32% expect their home’s value to remain about the same. (To see survey question wording, click here.)
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The survey of 1,222 American Adults was conducted May 12-14, 2024 by Rasmussen Reports. The margin of sampling error is +/- 3 percentage points with a 95% level of confidence. Field work for all Rasmussen Reports surveys is conducted by Pulse Opinion Research, LLC. See methodology.
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