Still oscillating between Denial and Fear. Same as it's been for 5 years.
We have definately moved on from fear.
The wider public is not fearful of a fall in house prices, you would be very pushed to find somone who denies prices fell or that we are in the midst of the biggest et house price crash in the state. There is no hope for our economy. The recent KBC sentiment index is down whic supports this assertion.
I think we are closer to Dispondency / Capitulation. People want this to be the bottom if prices resume a significant downward trend we will go to depression.