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Housing market the pits: survey

Posted on 20 May 2011

More than half of US homeowners and renters say housing won’t recover until at least 2014, reflecting a deepening pessimism about the real estate market, according to a survey released yesterday by Trulia and RealtyTrac.
The survey, taken in April, found that 54 percent of respondents don’t expect a recovery for at least three years, up from 34 percent in November, the two real estate data companies said yesterday. Those who see a turnaround by the end of next year fell to 15 percent from 27 percent……………………………………….Full Article: Source


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