| Could the U.S. housing market finally be finding a bottom? More and more, while still tentative, the answer looks to be ‘yes.’ Real estate makes up less of the world’s No. 1 economy than it did before the subprime mortgage market collapsed, causing the worst financial crisis and global downturn since the Depression.
Nonetheless, a recovery in housing is enormously important, because as long as home prices are falling or stubbornly low, there’s a limit to consumers’ confidence about their financial well-being, and consequently to the demand that companies need to see before they increase hiring, which leads to more consumer demand, which spurs more hiring, et cetera. You get the point..............................................Full Article: Source
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