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Homeowners are finally conceding that the value of home sweet home has fallen. In Rasmussen Reports polling this month, a confidence-uninspiring 61 percent said their home is now worth more than what they owe on its mortgage. Forty-six percent said their home is worth less now than a year ago. Just 17 percent think its value will rise in the next 12 months; 24 percent expect a decline during that period.
However, a majority remain convinced that the longer-term prognosis for real estate is favorable.
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