Over the past two years, homeowners’ confidence in recouping the price they paid for their homes has risen 29 percent. A biennial opinion survey on housing issued conducted by the National Associate of Realtors shows that fears of selling have abated dramatically since the housing recover hit high gear two years ago.
Nearly three quarters of owners (71%) disagreed with the statement that “I do not think I could sell my house for what I paid for it”, up from 55 percent in 2009, 2010 and 2013. Only 27 percent agreed, down from 42 percent in 2013.
Only 23 percent said they would like to move but don’t think they could sell heir house in the current market, down from 38 percent two years ago. Some 74 percent of owners said that would like to move, but think they could sell their house, an increase of 17 points over last years.
Seller confidence extends to their outlook for next year. Four in ten adults in the survey (41%) expect prices to rise in their market. Some 47 percent said prices will stay the same and only 6 percent expect them to decrease.
Strategies designed and administered this telephone survey conducted by professional interviewers. The survey reached 1000 adults, age 18 or over residing the the nation’s 50 largest metropolitan statistical areas, excluding the Puerto Rico designated MSAs. An additional 250 interviews were conducted with Millennial adults (born after 1981), age 18 or over from the same geography. The survey was conducted August 10th – 18th, 2015