Charles Schwab: Housing market recovery will underpin the economy and boost stocks next year

  • by: STEVE ROTHWELL , Associated Press
  • Updated: December 6, 2012 - 5:04 PM

The housing market is recovering from its collapse to such an extent that it will be one of the key drivers of the economy next year, and could add as much as 1 percentage point to growth, says Liz Ann Sonders, chief investment strategist at Charles Schwab & Co. Inc.

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