Housing: ‘The Recovery Is Here’April 26, 2012 3:29 am
We had spotted multiple stats on housing in the past. We spotted this today:
“”What are important are sales and inventory, and those are pointing in the right direction,” said Christopher Thornberg, a principal at Beacon Economics who was one of the early callers of the housing crash. “I would say that by the end of the year, they should translate into better prices.”
Thornberg added, “The recovery is here.”
“This is not a robust recovery, but I feel confident that we are not sitting here lingering,” said [Ivy Zelman, chief executive of Zelman & Associates], who predicts that home prices will end the year up about 1%. “There really is more meat to the bone.”"