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Headline: Economists Say Housing Market Has Bottomed

The headline is from an article at Realtor Mag.  Here is what the article said:

Beacon Economics analyzed home affordability and came away feeling optimistic.

Beacon Economics founding principal Christopher Thornberg, whose firm advises a variety of business clients, says the high level of affordability is likely to drive demand and reduce the stock of excess inventory, ultimately resulting in the need for new housing, a rise in prices, and a pickup in new construction.

"While prices may fluctuate modestly over the next several months, we believe the worst of the housing crisis is behind us," says Beacon Economics Research Manager Jordan G. Levine. "We expect prices to stabilize around current levels and likely be higher in the next 12 months."

Source: Beacon Economics (10/11/2010)

Yes, economists say the housing market has bottomed.  The headline is factual.  Two economists at the same firm said it.

Another source, The Concord Group, a real estate strategy firm, projects that a housing recovery will start in 1Q/2012.

Disclosure: No stocks mentioned.