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Most U.S. adults don’t expect real estate recovery until 2014 or later

Survey: Nearly 40% of renters have decided to never buy a home

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With home prices threatening to double-dip nationwide, most consumers don't expect a housing recovery in the near term, according to a survey from property search and marketing site Trulia and foreclosure data site RealtyTrac. Market research firm Harris Interactive conducted an online survey on behalf of the sites from April 15-19, 2011. The survey garnered 2,018 responses from U.S. adults -- 1,257 were homeowners, 704 were renters, and 57 identified themselves as neither. More than half of respondents, 54 percent, believe the housing market won't recover until 2014 or later, up from 34 percent in a similar survey in November 2010. While many experts predicted an improvement in the housing market this year, "We're actually backtracking," said Pete Flint, Trulia's CEO. "Foreclosures still continue to be a major part of the housing market, and as a result housing prices continue to drop. Even with mortgage rates still below 5 percent, the fact is, against a backdrop of j...