Is Housing Risen From Ashes? 'Industry Has Come Back'
By Diana Olick, CNBC Correspondent
NEW YORK (CNBC) -- 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% 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.
More from CNBC
Are Big Home Builder Stocks Too Hot?
Consumer Reports Pans Fisker Luxury Electric Car
Things You Can Buy Instead of an iPhone 5
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV