Despite a pullback in the real estate market, nearly half of homeowners still expect at least a 5% annual increase in home values, down from almost 60% last year.
The survey found that 25% of homeowners have paid off their mortgage, highlighting a significant contrast compared to the 13% of homeowners with risky variable and interest-only mortgages.
A concerning 40% of homeowners with variable rate and interest-only mortgages are worried about their ability to make higher payments.
The optimism around home values persists, even as many participants are becoming more realistic, shown by the increase in sellers not adjusting their price expectations.
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