DSNews.com - 49% of homeowners think they own more than they
owe Less than half of homeowners – 49% – currently believe their
home is worth more than the amount they still owe on their
mortgage. July marks the second month in a row but only the
third time since late 2008 that the Rasmussen Reports rate has
fallen below 50%. High-income homeowners were more confident in
their home values that low-income homeowners, and investors were
consistently more confident than owner-occupants. One-third of
homeowners believe they are underwater with their mortgage, and
18% of respondents said they weren’t sure. The rates are the
result of a Rasmussen Reports national telephone survey of 676
homeowners. The survey was conducted July 17 and 18, and results
were released Thursday.

Relatively unchanged since last month, 7% of homeowners had
missed or been late on at least one mortgage payment in the last
six months, while 90% had not. Eight% said they were likely to
miss or be late on a payment in the next six months, and 89% did
not foresee difficulty making their payments over the next six
months. Just days before the survey results, on July 19,
Rasmussen released the results of another survey, which examined
homeowners’ confidence that their home values will increase
over the coming year. At 11% confidence, reached an all-time
low, according to the survey.