July 8, 2007

Expect Home Prices to Keep Rising

62%

More than six-in-ten Americans say they expect no interruption in the upward climb of U.S. home prices — a view not currently shared by many housing market experts.

If economists and real estate experts are correct in saying that the U.S. housing market is not only in a slump but likely to remain there for some time to come, that will come as a surprise to a 62%-majority of Americans who expect home prices to continue the upward trend of recent years; but the public, which, by a two-to-one margin rates economic conditions as poor or only fair, may be equally surprised if the overall economy continues to show the resilience that evokes enthusiasm among many economists and Wall Street watchers. Read More