Welcome!

News Feed Item

LendingTree Survey Reveals 71% of Current Homeowners are Contemplating Selling in 2014

A recent survey shows that current and potential homeowners have a positive outlook on the US housing market and economy for 2014, despite the anticipation of higher mortgage rates.

CHARLOTTE, N.C., Jan. 22, 2014 /PRNewswire/ -- According to a recent LendingTree survey conducted online by Research Data Technology, Inc. from December 20-28, 2013, current and potential homeowners have a generally optimistic outlook on the US economy and housing market.  More than two-thirds (69 percent) of respondents have a positive outlook on the housing market and 63 percent expect the US economy to continue to improve in 2014. Because of the optimistic outlook and improving home values, 71 percent of current homeowners said they are considering selling their home in the next 12 months, making 2014 an active year in the housing market.

(Logo: http://photos.prnewswire.com/prnh/20110518/MM04455LOGO )

Rising Rates and Future Home Sales

The survey shows that 74 percent of current and potential homeowners expect mortgage rates to be higher 12 months from now. Most (60 percent) anticipate a moderate uptick in mortgage rates while 14 percent expect rates to be considerably higher 12 months from now. 

Despite the expected increase in mortgage rates, current and potential homeowners don't expect to shy away from the housing market.  Of the 71 percent of homeowners who are thinking about selling in 2014, 24 percent plan to sell their home regardless of any home value increase or decrease while 47 percent say they plan to sell if they experience an increase in their home value. Only 15 percent of homeowners say they are not contemplating a sale in 2014, and 15 percent are undecided.

Potential home sales are driven largely by younger homeowners, with 90% of homeowners under 30 considering selling their home in 2014 and 78 percent of homeowners aged 30-39 contemplating selling their home in the next 12 months.

"As home values continue to improve across the country, sellers who have been sidelined due to low property values will start to take action in the market," said Doug Lebda, founder and CEO of LendingTree. "Although it's unlikely that 70% of current homeowners will sell their home this year, it's a positive sign for the housing market that more homeowners are considering the possibility of moving. In the next 12 months, new construction and the overall US jobs market will be key factors for continuing a housing market recovery."

Rising Home Prices – Perception vs. Reality

According to the survey, 72 percent of respondents stated home prices in their area increased during the past 12 months, while 20 percent believe home values declined and 8 percent thought home values remained flat.  To compare current and potential homeowner perceptions with reality,  S&P/Case-Shiller Home Price Indices data collected through October 2013 showed that the 10-City and 20-City Composites posted year-over-year gains of 13.6 percent.

In the areas where home values were believed to have improved, prices increased an average of 10.2 percent, according to the survey.  This figure closely matches the National Association of Realtor's reported US home price increase of 12 percent for 2013.  For those that believe home values declined in their areas, 9.2 percent is the average perceptive drop in home prices.

The perception that home prices increased is not equally distributed across the US, according the survey data. Seventy-nine percent of current and potential homeowners in the West believe home prices are higher today than one year ago, compared to 67 percent of individuals in the Northeast with the same view.

About the Survey
Survey results are based on 609 individuals who currently own their home or are considering purchasing a home within the next 12 months.  These homeowners and potential homebuyers participated in an online survey conducted by Research Data Technology, Inc., on behalf of The LendingTree, from December 20, 2013 through December 28, 2013.  The 609 respondents represent a targeted sample of homeowners and potential homebuyers that were selected from a consumer panel of individuals in the US with access to the Internet.  The margin of error in this survey is ±4%.  This means that in 19 cases out of 20, survey results based on 609 respondents will differ by no more than 4.0 percentage points in either direction from what would have been obtained by seeking the opinions of all eligible individuals who are online.

About LendingTree, LLC
LendingTree, LLC is the nation's leading online source for competitive home loan offers, empowering consumers during the mortgage, refinance or auto loan process.  LendingTree provides an online marketplace which connects consumers with multiple lenders that compete for their business, as well as an array of online tools and information to help consumers find the best loan. Since inception, LendingTree has facilitated more than 30 million loan requests and $214 billion in closed loan transactions. LendingTree provides access to lenders offering mortgages and refinance loans, home equity loans/lines of credit, and more. LendingTree, LLC is a subsidiary of Tree.com, Inc. (NASDAQ: TREE). For more information go to www.lendingtree.com, dial 800-555-TREE, join our Facebook page and/or follow us on Twitter @LendingTree.

MEDIA CONTACT:
Megan Greuling
(704) 943-8208
[email protected]

SOURCE LendingTree, LLC

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.
SYS-CON Events announced today that eCube Systems, a leading provider of middleware modernization, integration, and management solutions, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. eCube Systems offers a family of middleware evolution products and services that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...
SYS-CON Events announced today Telecom Reseller has been named “Media Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
Pulzze Systems was happy to participate in such a premier event and thankful to be receiving the winning investment and global network support from G-Startup Worldwide. It is an exciting time for Pulzze to showcase the effectiveness of innovative technologies and enable them to make the world smarter and better. The reputable contest is held to identify promising startups around the globe that are assured to change the world through their innovative products and disruptive technologies. There w...
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions. In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...
With so much going on in this space you could be forgiven for thinking you were always working with yesterday’s technologies. So much change, so quickly. What do you do if you have to build a solution from the ground up that is expected to live in the field for at least 5-10 years? This is the challenge we faced when we looked to refresh our existing 10-year-old custom hardware stack to measure the fullness of trash cans and compactors.
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market. In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions wi...
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
With over 720 million Internet users and 40–50% CAGR, the Chinese Cloud Computing market has been booming. When talking about cloud computing, what are the Chinese users of cloud thinking about? What is the most powerful force that can push them to make the buying decision? How to tap into them? In his session at 18th Cloud Expo, Yu Hao, CEO and co-founder of SpeedyCloud, answered these questions and discussed the results of SpeedyCloud’s survey.
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Actian Corporation has announced the latest version of the Actian Vector in Hadoop (VectorH) database, generally available at the end of July. VectorH is based on the same query engine that powers Actian Vector, which recently doubled the TPC-H benchmark record for non-clustered systems at the 3000GB scale factor (see tpc.org/3323). The ability to easily ingest information from different data sources and rapidly develop queries to make better business decisions is becoming increasingly importan...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
Qosmos has announced new milestones in the detection of encrypted traffic and in protocol signature coverage. Qosmos latest software can accurately classify traffic encrypted with SSL/TLS (e.g., Google, Facebook, WhatsApp), P2P traffic (e.g., BitTorrent, MuTorrent, Vuze), and Skype, while preserving the privacy of communication content. These new classification techniques mean that traffic optimization, policy enforcement, and user experience are largely unaffected by encryption. In respect wit...
Deploying applications in hybrid cloud environments is hard work. Your team spends most of the time maintaining your infrastructure, configuring dev/test and production environments, and deploying applications across environments – which can be both time consuming and error prone. But what if you could automate provisioning and deployment to deliver error free environments faster? What could you do with your free time?