Home Buyers in 2012 vs Home Buyers in 2008

The Case-Shiller home price index reported on December 30, 2008 that currently USA was experiencing the biggest price drop in its history. But now in 2012, the housing sector is recovering. The level of household debt has been reduced significantly but home buyers continue to struggle. Meanwhile, wages are not keeping pace with inflation. An improving job market and freer credit could underpin American household sentiment and spending in 2012. The real value of private final consumption grew by 1.5% in 2011 and gains of 1.7% are forecasted for 2012. In the ...