News Summary: Better housing to aid stocks: Schwab

Updated: 12/06/2012 9:35 PM KSTP.com

FROM BUST TO BETTER: The housing market that collapsed five years ago is slowly on the mend. That will help underpin job growth, consumer spending, and the whole economy in 2013, says Charles Schwab & Co.’s Chief Investment Strategist, Liz Ann Sonders.

WITH ASSISTANCE: U.S. manufacturing will also improve, aided by stronger demand from emerging markets. That will help offset the declining government spending, Sonders says.

GOOD VALUE: Stocks are also attractively valued compared with their long-term, historical averages. That should also help attract demand.

(Copyright 2012 by The Associated Press. All Rights Reserved.)