Inform the Clueless
There are apparently a lot of people who don't believe in the real estate bubble.
"Despite fears in the marketplace about a U.S. housing bubble, about 60 percent of homeowners expect the value of their homes to increase by at least 5 percent annually during the next several years, according to an online survey of 1,001 American consumers.
According to the survey findings, released by RBC Capital Markets, the corporate and investment banking arm of RBC Financial Group, 24 percent of respondents said they expect annualized gains of 10 percent or more over the next few years. About 3 percent of respondents said they expect their home values to decline over the next few years."
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"Despite fears in the marketplace about a U.S. housing bubble, about 60 percent of homeowners expect the value of their homes to increase by at least 5 percent annually during the next several years, according to an online survey of 1,001 American consumers.
According to the survey findings, released by RBC Capital Markets, the corporate and investment banking arm of RBC Financial Group, 24 percent of respondents said they expect annualized gains of 10 percent or more over the next few years. About 3 percent of respondents said they expect their home values to decline over the next few years."
More...
posted by Little_Silvered at 6:17 PM
1 Comments:
What do you expect from a homeowner who is getting house rich but does not have 2 nickels in cash to rub together?
I hope people don't think house appreciation is going to bail them out of their retirement savings.
They are going to be mighty surpirsed when housing corrrects down 30% + in short order.
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