Watch: Signs We've Hit the Housing Bottom


For nearly two years, economists and real estate experts have been on the lookout for the bottom of the housing market. That time is here, says Russell Price, a senior economist with Ameriprise Financial (AMP), a financial services company.

Price spoke with DailyFinance to explain why the decline in real estate is just about over, where rental rates are going, why rising interest rates are a good thing, and why American homeowners who bought during the bust will be in a strong financial position in the future.

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