Island Insights | Life on Kiawah Island

October 31st, 2009

Confidence in Housing Values Jumps

Real Estate | Forecast



Earlier this month, a Rasmussen Reports poll found that Americans are more confident in housing values than they’ve been all year. Respondents also said they believe their home is worth more than what they owe on it.

In this national telephone survey, 27% of homeowners said the value of their home is likely to go up over the next year. This is the highest level of confidence the market has seen in a year. Just 19% said that the value of their home was likely to go down—an eight-point drop from the previous survey. Forty-nine percent expect their home values to stay the same.

Homeowners seem more optimistic about long-term values. Fifty-four percent believe the value of their home will rise over the next five years, 14 % think values will fall, and 25% think it will remain the same.

Respondents were also confident in the value of their own homes. Sixty-one percent said their homes are worth more than what they owe on their mortgages.

For more information about this poll visit http://www.rasmussenreports.com/public_content/business/housing/october_2009/confidence_in_housing_values_jumps.

To search available homesites, villas, and homes on Kiawah Island visit http://kiawahrealestate.com/real_estate/.

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