Numbers, Facts and Trends Shaping Your World

Are Americans out of Sync with Economic Reality?

They’re Far More Optimistic then the Experts about the Housing Market but Much More Pessimistic about the Overall Economy
by Jodie T. Allen, Shawn Neidorf and Nilanthi Samaranayake

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 may be equally surprised if the overall economy continues to show the resilience in the face of high energy prices and real estate weakness that is currently evoking enthusiasm among many economists and Wall Street watchers.

Read full analysis at Pewresearch.org

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