One of five home owners doesn’t anticipate a change in the value of their home – up or down – during the next five years, according to the Reuters/University of Michigan Surveys of Consumers released Friday.

"The near-zero change expected by the typical home owner during the year ahead will restrain borrowing against their home equity," a statement accompanying the survey results said.

"This withdrawal of support for consumption spending will act to slow the pace of overall economic growth in 2007 and 2008," the statement concluded.

Source: Reuters News (05/04/2007)