More Homeowners Expect Housing Price Stability

Ann Arbor, MI, Feb. 5, 2010--Fewer homeowners believe the value of their homes will fall this year, according to a Thomson Reuters/University of Michigan survey published on Friday.

Just 15 percent of homeowners that expected declines in the value of their homes, the lowest level since early 2007.

That is down from 16 percent in the fourth quarter. In the first quarter of 2009, 26 percent expected their home value to decline.

"The main issue now holding the housing market at low levels is not the buy side but the sell side. Most home buyers must also sell their current home, and nearly all homeowners view home selling conditions quite unfavorably," the survey said.


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