Christian Real Estate Blog

Survey Says.... Bubble Will Burst

RealEstateJournal | National Housing Bubble Will Burst, Consumers Say: "More than 70% of U.S. consumers believe a national housing bubble will burst and home prices will collapse within the next year, although 56% believe it's unlikely to happen in the area where they live, according a new survey.

The Experian-Gallup Personal Credit Index study, released yesterday, found that 71% of the 1,004 adults surveyed believe a bubble exists and could burst within the next 12 months. Only 24% believe it's unlikely to happen and 5% said they didn't know.

However, most consumers don't think it will happen where they live -- at least not in the next three years. The survey found 56% believe it's unlikely to occur in their residential area, while 42% believe it could happen and 2% didn't know. The survey found that 32% believe a bubble exists and will burst in their neighborhood in the next 12 months."

posted by Justin Smith @ 4/24/2006 12:44:00 PM