Charles Schwab: Housing recovery to be a key driver in 2013 economy

In an interview with The Washington Post, Liz Ann Sonders, chief investment strategist at Charles Schwab & Co. Inc., said that the recovering U.S. housing market will be an important factor in the economy and could “add as much as 1 percentage point to growth.”

“The economy has a couple of very important pockets of strength heading into the New Year. Housing is probably dominant among them, which I think really starts to feed into job growth and continues to feed into consumer confidence,” Sonders said.

Read the full interview, “Charles Schwab: Housing market recovery will underpin the economy and boost stocks next year.”

In other headlines:

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Rockford Home Sales Up 15.7% in November – WIFR

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