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Whether homeowners think their home's value is higher, lower, or about the same as 12 months earlier, from Michigan's Surveys of Consumers (3-point scale) and SHED 2014 (3-point) and 2015 (5-point scale collapsed to three).
AI-matched An AI model grouped these questions and mapped their answers onto shared categories, and a second AI review checked and corrected the grouping and mapping. No person has checked it: compare the question wordings and the answer mapping below before reading the lines against each other.
Latest: 18% answered “Lower” in Fed SHED: Change in home value over past year, 2015.
Shares of people whose answer maps onto these categories (non-answers and answers outside the scale are left out), because surveys differ in whether they offer “don’t know.” Each point is one survey wave at the middle of its field period. Lines from different surveys are never spliced together.
| Line | Question | Match | How answers map |
|---|---|---|---|
| Fed SHED: Home value compared with a year ago | Home value compared with a year ago Compared to 12 months ago, do you think the value of your home today is higher, lower or stayed the same? | identical | Lower value → Lower; Value has stayed the same → About the same; Higher value → Higher |
| Fed SHED: Change in home value over past year | Change in home value over past year Compared to 12 months ago, do you think the value of your home today is higher, lower or stayed the same? Caveat: 5-point scale collapsed to 3; intensity lost | equivalent | Value is a lot lower → Lower; Value is a little lower → Lower; Value has stayed the same → About the same; Value is a little higher → Higher; Value is a lot higher → Higher |