Poll Shows Low Confidence in Housing

Nearly two out of three people are not optimistic about the U.S. housing market recovering from its worst crash since the Great Depression, according to a new opinion poll.

The survey indicates Americans still lack confidence in government programs intended to improve market conditions. Get the full details on the latest opinion poll at Housing Predictor dot com. The Obama administration has spent nearly $2-trillion in efforts to repair damage done to the nation´s housing market by Wall Street bankers manipulative practices and banking gone wild.

However, efforts so far have had little impact to stem the flood of foreclosures that have hit record numbers for nearly two years. The foreclosure epidemic has effected more than 5-million homeowners, who have lost their homes as a result of the crisis as the government bails out big bankers blamed for causing the crisis. Another 15-million homeowners may be effected before the crisis comes to an end.

However, housing prices in some of the worst hit markets, including areas in California, Nevada and Florida have seen an upward swing as a result of government incentives, low mortgage rates and lower home prices from the markets peak.

Consumers, business owners, retail companies, bankers, mortgage companies and real estate firms consult Housing Predictor forecasts. Housing Predictor provides free real estate news and forecasts housing markets in all 50 states at http://www.housingpredictor.com