What do YOU think?

Consumers Show Confidence in the Value of Their Homes
Americans are confident their homes are retaining, even gaining value, according to a nationwide telephone survey of 1,007 adult Americans conducted May 31-June 3, 2007. Here are a few stats from the survey’s findings:
55% say their home would sell for more money now than it would have a year ago.
74% of homeowners say they’re confident they could sell their home within the next six months at a price they think it’s worth.
85% believe their house will be worth more five years from now than it is today.
27% say they’re likely to purchase a better home over the next five years.
“Americans Express Confidence in the Value of Their Homes, Despite Softening Housing Market,” Business Wire, press release by Boston Consulting Group, June 21, 2007.
Consumers Show Confidencein the High-End Market
A 2007 Coldwell Banker Previews International® Luxury Survey of people living in homes valued at more than $1 million (or $2 million in California) found that homeowners are fairly confident in the future.

· 58% said they believe increases [in the value of their home] will continue over the next five years, and 36% said those increases would be significant.

· 40% said they felt comfortable enough with the housing market that they were considering buying a second home.

Excerpt from “Upscale Homeowners Confident in Future,” Real Estate Intelligence Report, Vol. 13, No. 27, July 2, 2007.