Experts are saying that the United States Housing market will recover this year. Home sales will be up, new construction will be improved, and the demand for the oversupply of homes will be met. But, this is assuming that the employment situation improves. The experts are predicting a big increase in Jobs created during march, and jobs is the ultimate fuel of the housing market. Here are some of the key points from the Bloomberg Article:

• The U.S. housing market is poised to withstand the removal of government and Federal Reserve stimulus programs and rebound later in the year, contributing to annual economic growth for the first time since 2006 according to forecasts by Dean Maki, chief U.S. economist for Barclays Capital in New York.
• Sales of new homes still are forecast to increase this year as the economy improves, according to David Crowe, chief economist for the association in Washington, probably totaling 459,000 in 2010, up from 372,000 last year, he said.
• “A lot of people moved up their purchases to meet the original deadline and that used up a lot of the pool of potential buyers,” IHS Global’s Newport said.
• The credit of as much as $8,000 stimulated only 180,000 extra sales from December to April
• Foreclosures may increase to 2.2 million this year from a record 1.7 million last year, according to a forecast by Mark Zandi, chief economist for Moody’s Economy.com
• The number of vacant homes for sale rose to 2.09 million in the fourth quarter from 1.99 million in the prior period

Let's hope job growth really happens so we can be out of this recession.