Housing Prices Boost Hopes for Steady Recovery

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Economists and investors are hoping that the economy will keep up its slow recovery.

Experts say one positive sign is that housing prices have been improving steadily. A new CoreLogic report says home prices are up 10.2 percent in the last year.

"The rebound in prices is heavily driven by western states. Eight of the top ten highest appreciating large markets are in California, with Phoenix and Las Vegas rounding out the list," National Mortgage Professional quoted Dr. Mark Fleming, chief economist for CoreLogic.

Despite questions about the health of the job market, some business leaders say it looks like the economy is on the mend..

"There really is a sense that things are recovering and we feel that too. So despite, maybe, what some of the numbers say. I think there's just a better, more positive feeling out there," Kay Allen, Grubb Properties.

Many economists also predict the slow but steady recovery to continue through the rest of the year.

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