Homeowners may have overly optimistic expectations that their homes will continue to appreciate as the housing market cools, according to a survey by investment bank RBC Capital Markets. Nearly half of those polled expect their homes will continue to appreciate by at least 5 percent a year for several years -- down from 60 percent of those polled last year. But only 13 percent of those surveyed have potentially risky adjustable-rate and interest-only mortgages, and 25 percent said they'd already paid off their mortgages. That suggests most homeowners will be able to weather a slowdown or reversal in the record rate of home-price appreciation during the boom years. More than 80 percent of the 1,003 homeowners surveyed nationwide in the second week of September said they had at least $50,0...
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