Housing Market Recovery Forecast for 2012

By Kerri Panchuk

Improved employment figures and record home affordability levels could spawn a minor housing recovery this year, analyst Mark Fleming said Wednesday in the "CoreLogic MarketPulse" report.

Fleming says that economic concerns peaked in the summer of 2011 when politicians were stuck wrangling over the nation's debt ceiling and the economy seemed poised for stagnation.

Fast-forward a few months, and Fleming says that conditions became better, making way for a possible recovery in 2012. Fleming's more optimistic outlook is mirrored in the Freddie Mac U.S. Economic and Housing Market Outlook survey for the month of January.

Read the full story on HousingWire.com.

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