Brighter Housing Picture Expected In 2012

Low mortgage interest rates combined with more affordable housing for families in the median income range are expected to help the real estate market rebound in 2012, economists say.  Fiserv, a financial information services firm, predicts that 95 percent of the 384 metro areas it tracks will see prices rise in 2012.  Many surveys and economists are forecasting a very modest increase for the housing market after several years on declining housing prices and rising foreclosures.

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