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Survey: Only half say their property is worth more than they owe

Rasmussen report indicates pessimism still reigns among many homeowners.

Rasmussen report indicates pessimism still reigns among many homeowners.

From kids being in a school they really like, to finances, to really enjoying their current community, several factors can get in the way of families' moving plans. But another factor may be when their home declines in value, complicating their home sale, and many Americans now say they owe more on their mortgage than what their house is worth.

According to telephone survey conducted by Rasmussen Reports, 50 percent of homeowners say their house is worth more than what they owe, with 36 percent saying definitively that their home is worth less than the mortgage.

Perceptions aren't always reality, as a recent report from CoreLogic found that just 23 percent of Americans' homes are actually underwater.

As far as the Rasmussen findings are concerned, though it doesn't bode well for the overall housing picture, as previous polls from Rasmussen indicate pessimism about the real estate industry is at its highest level since 2009.

Home builders aren't projecting optimism either, as a recent report from the National Association of Home Builders found confidence dipped slightly in April.