Poll shows poor outlook for 2011 real estate market

A rollercoaster year in real estate is almost over, but a new poll shows most aren’t too optimistic for 2011, HousingPredictor.com reported.

Roughly 37% of respondents said the New Year would bring with it better market conditions. But the overwhelming majority - 63% - isn’t as hopeful, thanks to lingering concerns about the country’s economic health and tighter lender underwriting criteria.

Nonetheless, numerous surveys have shown that consumer confidence is improving and mortgage rates are still hovering near historic lows.