Less than half of homeowners – 49 percent – 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 percent. High-income homeowners were more confident in their home values that low-income homeowners, and investors were more confident than owner-occupants. One-third of homeowners believe they are underwater with their mortgage, and 18 percent of respondents weren’t sure.
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