States Take Lead in Housing Crisis
From establishing foreclosure hotlines to temporarily freezing sub-prime interest rates, states are at the forefront of policymaking to minimize damage from the mortgage meltdown.
Economic Pessimism Grows as Nation’s Real Estate Slump Hits Wealthy Areas
Public assessments of the nation’s economy have fallen to a two-year low. Faced with a steady stream of negative news about the housing market, Americans are substantially less inclined than they were even a few months ago to say they expect home prices to rise over the next few years.
The Precarious State of Statehouse Budgets
A slumping housing market and skimpier sales tax collections are busting budgets from California to Florida with national job growth sluggish and consumer confidence near a two-year low.
Are Americans out of Sync with Economic Reality?
Americans are far more optimistic than most real estate experts about the outlook for home prices but far more pessimistic than most economists and Wall Street watchers about the overall economic outlook.
Construction Jobs Expand for Latinos Despite Slump in Housing Market
Despite the housing slump, Hispanic workers find a ready market for their skills.
War Support Slips, Fewer See Positive Outcome
Two-thirds of the public now says that the U.S. military effort in Iraq is not going well, reflecting a sharp increase in the last year. And most say the country is also losing ground in problem areas from the federal budget to corruption to the environment.
As Home Prices Cool Down, Homeowners Temper Their Optimism
Despite a record drop this past year in the median sales price of existing homes, more than eight-in-ten homeowners expect the value of their homes to go up either “a little” (55%) or “a lot” (26%) in the future. However, these anticipated levels of future gains are not nearly as great as the gains that homeowners say they’ve experienced in recent years.
Beyond partisanship — and behind those healthy economic indicators — Americans may be seeing something that most economists overlook.
Do Deficits Matter Anymore? Apparently Not to the Public
The federal debt has escalated in recent years but runaway deficits no longer top the political agenda as in the 1990s, according to a new poll analysis.