Housing, credit blamed for sinking investor optimism
Investor optimism has tanked to Hurricane Katrina levels, according to a new Gallup/UBS poll, and respondents blamed the housing market for much of the troubles.
Some snippets from the poll: 56 percent of people think housing is hurting the business climate a lot. Another two-thirds of respondents said credit is harder to get than it was three months ago.
One part of the survey was annoyingly misleading. Gallup said 68 percent viewed the economy as either in a "recession" or "slowdown." They are different things - one means the economy is contracting, the other means it could be growing but at a slower rate.
They shouldn't be grouped together as a survey answer - unless your aim is to emphasize gloom.
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Housing market news is the focus of the (Un)Real Estate blog. It offers an inside look at the Florida housing market and real estate news, with a focus on Tampa Bay. Its goal? Simple: To help you keep a roof over your head without losing your shirt.
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