Analysts Predict Housing Market Rebound in 2012
February 17, 2012
Analysts Predict Housing Market Rebound in 2012
Some analysts are saying this may finally be the year the housing market begins to recover.
Economists say the combination of lower home prices and historically low interest rates could turn the real estate market around.
They believe a stronger economy could help.
"Though the pace of growth is slow, it is to be expected in an economic recovery caused by a financial crisis," Mark Fleming, chief economist at date company CoreLogic, told PropertyWire.
"Households are paying off their debts and at the same time accessing credit more easily," he said.
Analysts predict that if there is going to be a recovery, it should start to show up in the spring and summer of 2012.
CBS News
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