If you're considering a new home purchase to cash in on rising equity, you're not the only consumer with that idea.
As indicated by the data, the housing downturn took a toll on consumer opinion of owning real estate as a profitable investment. Between 2008 and 2011 most respondents believed that home values would decline. However, the housing recovery has reversed that trend, as optimism outweighed pessimism 33 percent to 23 percent by
Variation by region and living situation
Consumers in the West had the highest expectation that home values would increase, at 72 percent. Gallup noted that
Not only is there growing optimism, but homeowners also have a positive perception of their investment. The poll found that 64 percent of respondents were homeowners, and of that proportion, 74 percent were confident that they would see their home's value increase. Once again the data supports the positive effect of the housing recovery, as in 2012 and 2013, 53 percent and 63 percent of respondents, respectively, had faith in homes gaining value.
Rebounding equity spreading across the US
Gallup noted that rising prices had also led to fewer underwater mortgages, a factor that has significantly helped poor opinions of owning real estate improve. In fact,
For information about how you can take advantage of rising equity with a low-cost mortgage, contact
Read the full story at http://www.prweb.com/releases/2014/05/prweb11822472.htm
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