Skip to main content

Poll: Two-Thirds of Homeowners Report Post-Recession Valuation Increase

Phil Hall
Jun 13, 2019
Photo credit: Getty Images/marchmeena29

Two-thirds of Americans who still live in the same home that they did before the Great Recession said their home is worth more now than it was in the pre-recession years, according to a new survey by Bankrate. Twenty-three percent of those polled by Bankrate said the value of their home is about the same as it was before the economic crisis, while 11 percent said their home is now worth less.
 
Bankrate also reported that 46 percent of the survey respondents who were homeowners at the time of the recession say their home lost value from December 2007 to June 2009, the peak years of the economic crisis, while 21 percent said their home lost value during the recession and never regained its pre-recession worth. Eleven percent of those who experienced home value depreciation during the recession said they no longer want to own a home as a result and 23 percent said they now have a more affordable home or mortgage.
 
As for overall financial health, 51 percent of respondents said their overall financial situation is better now than it was before the recession, while 23 percent believed their post-recession financial state is worse and 25 percent said they were doing the same.
 
“The echoes of the Great Recession remain very present in the financial lives of many Americans, despite the improvement in the broader economy,” said Mark Hamrick, Senior Economic Analyst at Bankrate. “While some have managed to prosper in the decade since, there are still tens of millions who are struggling to even get back to where they were before the economy took a turn for the worse.”
 
Bankrate commissioned YouGov Plc to conduct the survey, which polled 2,740 adults, including 2,315 who were 18 or older when the recession.
 
Published
Jun 13, 2019
Federal Regulators Race To Address Cryptocurrency Risks

Cryptocurrency is quickly morphing into a volatile but widely embraced innovation, and federal regulators are racing to address the potential risks to consumers and the market. 

Industry News
Sep 24, 2021
MBA Initiative Seeks To Close Racial Homeownership Gap

Says its advocacy, partnerships & connections will help increase opportunities for minority borrowers

Industry News
Sep 24, 2021
Guaranteed Rate Opens New Branch In Southwestern Michigan

Guaranteed Rate expanded its presence in Southwester Michigan, after opening a new branch in St. Joseph

Industry News
Sep 22, 2021
Chinese Property Giant Evergrande Falters, Threatening U.S. Investors

On Monday, investors across three continents dumped their stocks, mainly out of fear that the world’s two largest governments — the United States and China — would undercut the beginnings of a global economic recovery. 

Industry News
Sep 22, 2021
Compass Mortgage Expands In Four Additional States

Compass Mortgage is now licensed in Virginia, Washington, North Carolina and South Carolina.

Industry News
Sep 22, 2021
Enact Holdings Completes IPO

Genworth Financial Inc. announced the completion of the initial public offering for its subsidiary Enact Holdings Inc.

Industry News
Sep 21, 2021