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July 16th, 2012
07:08 AM ET

Are we close to a real housing rebound? Bloomberg's Nela Richardson says...not so fast

New data shows that in the first quarter of 2012, significantly fewer homeowners are underwater on their mortgages than in the last three months of 2011, dropping from 12.1 million to 11.4 million.

But a new report out today from "Bloomberg Government" says this and other recent up-ticks in the housing market may not last and we're still a few years away from a full recovery.

This morning on "Early Start," Bloomberg Government economic analyst Nela Richardson explains the housing report and why the housing market may not make a recovery soon despite encouraging signs.

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