Wells Fargo has upgraded its outlook on the housing market in its April forecast, thanks to modest upswings in consumer confidence and home prices nationwide.
The forecast, released jointly with the National Association of Home Builders, projects continued recovery through the rest of 2012. They do caution, however, that a full recovery could still be years away.
The increase in consumer confidence, says the report, largely stems from rising employment nationwide; this in turn leads to greater consumer spending, which drives confidence even higher.
