Magazine article Mortgage Banking

NAHB Poll Finds Consumers Still Confident on Home Values

Magazine article Mortgage Banking

NAHB Poll Finds Consumers Still Confident on Home Values

Article excerpt

Americans remain highly confident about the nation's housing prospects, with more than four out of five homeowners expecting the value of their home to appreciate over the next five years and nearly seven out of 10 calling it their most valuable investment, according to the results of a nationwide survey commissioned by the National Association of Home Builders (NAHB), Washington, D.C.

The NAHB survey of 2,000 households found 81 percent of homeowners believe the value of their homes will rise over the next five years. Only 13 percent felt their home would fall in value, while 4 percent expected no change and 3 percent were unsure.

"The poll clearly debunks the more sensational media reports speculating on the demise of the housing market," said NAHB President David Pressly.

"It is interesting to note that other polls conducted by major news organizations have come up with similar results, indicating that despite the current housing market downturn, Americans resoundingly believe that buying a home is the best investment they can ever make. …

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