This site has previously posted market/media sentiment for the last great housing slump, circa 1990’s. It was so insightful, that I mentally bookmarked the keywords. There are a series of three articles, each containing qoutes in the media, primarily by RE “experts”. The shift in perception is astonishing. To me, this is almost as insightful as the strong data analytical methods used on this site. Although the past may not repeat itself, it certainly seems worth periodic review. Here is the link to one of the pages. http://www.elliottwave.com/features/default.aspx?cat=mw*aid=3171*time=pm
Also, a Google on “Great Housing Slump” + 1990 should produce some hits. The author is Susan Barretta; kudos for the research.