Is Housing Risen From Ashes? 'Industry Has Come Back'

Economists are saying it, and now even some Americans are saying it.

After falling to depths not seen since the Great Depression, the U.S. housing market may finally be rising from the ashes.

It may not seem like a lot, but 27 percent of Americans believe the value of their homes will increase in the next year, according the CNBC All America Economic Survey.

That is the highest percentage since 2007 and the third straight quarter that such optimism has gained. (Read More: CNBC Poll: Economy's Worse, but Obama Favored to Fix It.)

“Overall the housing industry has come back,” said Standard and Poors’ David Blitzer, commenting on Tuesday’s release of the latest S&P/Case-Shiller home price indices. “We might finally get a little boost to the economy from the housing sector.”

Read Full Article from CNBC

- Posted: 2012-09-25 14:23:13

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