Economic Pessimism Grows as Nation’s Real Estate Slump Hits Wealthy Areas

Source: Pew Research Center for the People & the Press, October 11, 2007

From the summary:
Public assessments of the nation’s economy have fallen to a two-year low, and the nation’s economic outlook remains relatively gloomy. In particular, faced with a steady stream of negative news about the U.S. housing market, Americans are substantially less inclined than they were even a few months ago to say they expect home prices to increase over the next few years. People living in areas with the most expensive homes and middle-income Americans are particularly likely to say that future home prices will decline.

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