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52% Think Housing Market Will Take More Than Three Years to Fully Recover

Monday, August 27, 2012

Most Americans still believe it will take more than three years for the housing market to recover from the 2008 economic meltdown, and a sizable number continues to predict full recovery of the stock market will take that long, too.

A new Rasmussen Reports national telephone survey finds that 52% of American Adults think it will take more than three years for housing prices to fully recover from the downturn that began in 2008. That's down slightly from 57% in June, the most negative assessment of the housing market since regular tracking began in January 2009. Fifteen percent (15%) think recovery is two years away, while 12% say it's three years away. Only four percent (4%) think recovery is likely to occur within the next year. Sixteen percent (16%) are undecided. (To see survey question wording, click here.)

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The national survey of 1,000 Adults nationwide was conducted on August 21-22, 2012 by Rasmussen Reports. The margin of sampling error is +/- 3 percentage points with a 95% level of confidence. Fieldwork for all Rasmussen Reports surveys is conducted by Pulse Opinion Research, LLC. See methodology.

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