Has Housing Finally Hit the Bottom?

Housing and jobs: these are the two keys to the economic recovery really taking off, and while weâ??ve gotten some positive news on the jobs front recently, real estate prices have more or less continued to decline steadily since their peak in 2007. Housing represents a huge portion of yearly GDP, but more than that it is most consumers main source of wealth. If home prices are rising, so are Americanâ??s net worth, and increased wealth will usually lead to increased confidence and spending.