Washington ? People are skittish about the economy’s immediate future. Ask how things will be in a year and you hear a different story – and a remarkable show of optimism despite economists’ widespread expectations that a serious recession is brewing.

Most expect the economy to generally be better and the stock market to be rising three months from now, according to an Associated Press-GfK poll released Thursday. But that’s mixed with gloom: Majorities also doubt unemployment will fall or home values will rise by then, and people are split over whether their personal finances will improve.

Extend the timeline to a year and the public’s mood about the economy grows cheerier. Most say they expect more jobs and higher real estate value. The also think their own financial situations will be better a year from now, the survey shows.

“A few months from now, I don’t see it,” said Claudette Davis, 61, a retired power company supervisor from Alpharetta, Ga. “A year from now, it may improve. With the $700 billion to bail out all those banks, maybe things will come around. And maybe the new president will have some input.”

That optimism seems to run counter to the beliefs of many economists that the U.S. is in, or about to enter, a recession. Democrats in Congress are looking at crafting the year’s second economic stimulus bill, an idea that’s been embraced by Federal Reserve Chairman Ben Bernanke and that the White House has said President Bush would consider.

Many said the upcoming presidential election will affect the economy’s performance. Forty-four percent said they think the economy will improve if Democrat Barack Obama is elected, while 34 percent said it would get better if Republican John McCain wins.

With widespread economic worries making the stock market lurch wildly almost daily, most in the survey were eager to keep their distance from it. By a 58 percent to 38 percent majority, people said this was a bad time to invest in stocks. However, by a more modest 53 percent to 43 percent, most said this is a good time to buy real estate.

“The stock market is obvious, it’s probably not bottomed out,” said attorney Anthony Venditti, 41, of Westchester, Pa. But assuming a person can get a loan – no easy feat these days – “It’s a great time to buy a house. There’s a huge inventory out there.”

About three-quarters of active investors – people who changed their investment mix at least five times in the past year – said this is a good time to purchase real estate and invest in the stock market. Two-thirds of people earning at least $100,000 a year also said so. But fewer than half of those making under $50,000 said now’s the time to be buying stocks.