No Housing Recovery Until 2014, Survey Says


More than half of U.S. adults surveyed think the housing market won't bounce back until 2014 or later, reports Inman News. But for some people, even the promise of a real estate recovery might not be enough to entice them to take the plunge and become homeowners: 40 percent of renters surveyed said they will never buy a home. Inman News has the full story.

With home prices threatening to double-dip nationwide, most consumers don't expect a housing recovery in the near term, according to a survey from property search and marketing site Trulia and foreclosure data site RealtyTrac.

Market research firm Harris Interactive conducted an online survey on behalf of the sites from April 15-19, 2011. The survey garnered 2,018 responses from U.S. adults -- 1,257 were homeowners, 704 were renters, and 57 identified themselves as neither.