The Tampa Bay Business Journal has an interesting article about their readers perceptions regarding media coverage of the housing decline.

The news media is being too negative in its coverage of the challenges facing the housing market.

That's the consensus of 65 percent, or 279, of the 427 readers who responded to the Tampa Bay Business Journal's Business Pulse Survey question assessing the media's current reporting on the housing industry. A little less than a third - 31 percent, or 133 people - said the coverage hasn't been too negative, while just 3 percent, or 15 people, said they were undecided.

Don't take it from me that the situation is bad bad bad.  Take it from someone who knows. You know, like the Secretary of the Treasury, Henry M. Paulson.

"The housing decline is still unfolding," the Secretary said, "and I view it as the most significant current risk to our economy. The longer housing prices remain stagnant or fall, the greater the penalty to our future economic growth.

So which is it? Too much blabbing by the media, or a fatigued public that just wants to close it's eyes and wish it all better?