2012 Could Mark Turning Point For Housing Market

Updated

Home prices could post their first annual increase since the height of the housing bubble in 2006.

CNBC’S Jackie DeAngelis reports the latest S&P Case-Shiller home prices index showed a gain of 4.3% in October.  It also showed that, since January, prices are up 6.9% this year, their largest year to date gain since 2005.  

DeAngelis said “many analysts and market participants look to housing as a foundation for the health of the broader economy. The school of thought is that housing must show signs of life before the U.S. economy can really improve.”

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2012 Could Mark Turning Point For Housing Market

Updated