Belt Auction

If this is the 0baamaBiden "Summer of Recovery", why did US Homeowner Confidence Drop in Second Quarter?

U.S. homeowners were less confident about the value of their homes in the second quarter, with one-third believing home prices had not yet reached a bottom, real estate website Zillow.com said on Thursday. ... Homeowners were more pessimistic about the short-term future of home values in their local market than they had been in the previous three quarters, according to the Zillow Second Quarter Homeowner Confidence Survey. http://www.cnbc.com/id/38653757

Public Comments

1. Just wait until the 3rd and 4th quarter if you think it dropped now
2. They were being optimistic. Turns out they were wrong. The economy/housing was worse than they estimated.
3. I heard "Reality sucks" somwhere...Was that a movie ?