In the latest CoreLogic MarketPulse Report, analyst Mark Fleming says 2012 may be the year the housing market recovery picks up. Fleming cites improvement in the job market along with low mortgage rates and home prices as reasons to be optimistic that buyers will return to the market this year. The end of 2011 saw increasing home sales and gains in housing starts and builder confidence. Available inventory has fallen and is now at just over a six-month supply at the current sales pace. Taken together with improvement in the broader economy, recent housing data suggests the market may stage a minor recovery this year. Fleming says analysts will be monitoring the market closely for positive signs during the spring and summer selling seasons. More here and here.
