1,003

Posted on October 13, 2006 - Filed Under Housing |

Barrons this last weekend published this survey.  It’s listed here, exactly as it appears in their edition.

RBC Capital recently asked 1,003 U.S. homeowners whether they expect the value of their homes to rise:

75.6% see their home’s value climbing over the next few years.
46% expect a gain of 5% or more annually.
30% forsee a rise of 10% to 15% a year
70% said their home’s value had risen 10% or more in the past three years
6% think their home’s value will sink in the next few years
7.8% worry that their mortgage might exceed the value of their home.

Normally I would ignore such an article.  While it’s interesting to see what people are thinking, I’d rather read about what the big shots are saying.  Greenspans latest comments are a good example.  Or Richard Fisher.

But what struck me as interesting is the 6% who think their home value will sink in the next few years.  It seems the Housing Bubble Burst people and the general media don’t seem to be affecting the general population.

You can draw your own conclusions.

If you liked that post, then try these...

A Piece of Plywood for $100? on November 27th, 2007
The contractor sent over a counter-top guy.

Battle of the Kitchens on October 24th, 2007
Lowes versus HD versus IKEA.

Comments

3 Responses to “1,003”

  1. The Engineer on October 12th, 2006 12:59 pm

    I was delighted to read that Bernanke stated the housing market was going through a significant correction and may even shave a point off of the GDP for the second half. As you know - your own success not withstanding - I support anyone pointing a sharp object at the bubble. Let the burst begin. . . sadly, as we’ve discussed, I really think this will lead to nothing more than a return of “normal” year-over-year price increases.

  2. Clifford on October 12th, 2006 2:17 pm

    I always find it interesting that people seem to read what they want to read.

    Return to normal is good.

  3. Stan on October 12th, 2006 9:02 pm

    What people think doesn’t necessarily translate into reality. The can “think” their way into believing anything; but the proof is when they actually sell; and a LOT of people are learning the hard lessons of supply and demand. Optimism is great but I haven’t found a bank that accepts it as payment…LOL

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