recently sent a Real Estate Bubble Survey to 4,000 consumers. We had 475 responses, and the summary results for the Real Estate Bubble Survey are quite interesting. Here are the survey results. This survey was conducted in November 2005 and closed on November 30, 2005.

Question 1. Is there a real estate bubble?

          Response Percent         Response Total

Yes 66.3% 315
No 33.7% 160


Question 2. If you think there is a real estate bubble, when do you think the bubble will burst?

                                                Response Percent         Response Total

Within one month 0.7% 2
Within three months 5.6% 17
Within six months 11.8% 36
Within one year 40.7% 124
It’ll be here for at least a year 41.3% 126


Question 3. What effect do you think a real estate bubble burst would have on the economy?

                                                Response Percent    Response Total

No effect 1% 3
Mild negative effect 57.6% 171
Massive negative effect 24.6% 73
It will be good for the economy 16.8% 50


Question 4. Do you agree or disagree with this statement?

People shouldn’t talk about a real estate bubble because the more they talk about it, the more likely there will be panic selling that will lower property values, and it will create a self-fulfilling prophecy.

                                               Response Percent                                   Response Total

Agree 44.7% 203
Disagree 55.3% 251


Question 5. Tell me what you think about the real estate bubble. I’m eager to hear your opinions.

You can view comments from those who believe there is a real estate bubble and comments from those who don’t believe there is a real estate bubble.

Nov. 30, 2005.