Polls show optimism about housing recovery

Three recent surveys show continued turmoil in housing and financial markets have many Americans postponing decisions to buy or sell a home, but that they remain optimistic about the near term prospects of a recovery and still consider a home to be a good investment.

The surveys -- commissioned by real estate portal Zillow, real estate franchisor and brokerage Realogy Corp., and advertising firm J. Walter Thompson -- suggest that should government action to unfreeze credit markets succeed, consumers stand ready to participate in a housing recovery.

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