The McDonald Financial Group Affluent Consumer Confidence Index queries individuals whose incomes are at least $150,000 or personal assets -- not including their homes -- equal at least $500,000.
The survey's index suggests that their overall confidence in the economy is up 7 points, after dropping 13 points during the presidential campaign. In a pronouncement that would be music to any investment firm's ears, the survey concludes that 30 percent of affluent Americans say they'll put money into the stock market.
Their real estate worries don't show up until deep into the report.
"Real estate bubble fears are now on par with their highest point in the survey, with 56 percent of affluent Americans now saying there is a real estate bubble (up from 54 percent in October, tied with the survey's high point in July of 2004)," the survey said. "Thirty-four percent are concerned that rising interest rates will cause a significant drop in housing prices." The percentage of those who call themselves "very concerned" jumped five points, to 12 percent.
So, will they flee from real estate? Despite the above data, the proportion of affluent people who said they plan to buy property jumped from 20 percent in October to 24 percent in recent weeks.
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