Buyer optimism, caution mingle

Chicago Tribune

There's good news and bad news for those desperately wanting the housing market to get well.

A Reuters-Zogby poll of 1,049 people last month indicated nearly 54% believe this is a good time to buy a house.

Another survey -- from Associated Press and AOL -- says the number is even higher. This report, gleaned from interviews with about 1,000 adults in late March and early April, said 59% think it's a good time to buy.

However, that same AP-AOL poll indicated that 60% "would not buy" within the next two years. About half of them said the housing market in their area is overpriced, and one-quarter said housing prices in their area would drop within the next two years.

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