| Six years since the start of the greatest housing collapse since the Great Depression, one doesn’t have to look very far to see signs of a recovery. Nationally, home prices are rising after more than a 30 percent drop since mid-2006.
Rather than being a drag on the U.S. economy, housing is now seen as a contributor to growth. Despite the national numbers, prices aren’t rising everywhere. The still-shaky economy fuels other concerns, particularly threats of recession due to the looming “fiscal cliff.” “It’s almost a ZIP code-by-ZIP code recovery,” said Stan Humphries, Zillow chief economist...............................................Full Article: Source
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