The good people at Gallup have posted the results of their UBS/Gallup Index of Investor Optimism poll, which shows that “investors are worried that the real estate markets are continuing to deteriorate. The new poll also shows that investor optimism continued its steady seven month decline, reaching a new low point for the year in August.”
As you can see from the following charts:
Only 41% of investors rate the market as good or excellent currently, compared to 52% in July. “Even more importantly, 7 in 10 investors believe conditions in the residential real estate market nationwide are getting worse, not better — up from 63% in June.”
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While people are getting nervous, I have seen some good bargins.