Home prices ‘bottoming now,’ BofA Merrill Lynch analysts say

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 · Bullish on housing: bofa/merrill lynch initiating seven home builders with a "Buy" rating. Analyst Jonathan Ellis says, "we think a sustained recovery is now.

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Things look better on the home front now compared to late last year, notes Bank of America Merrill Lynch , which revised its home price forecast Thursday to say "prices are bottoming now."

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Things look better on the local North Shore and national home front now compared to late last year, notes Bank of America Merrill Lynch, which revised its home price forecast Thursday to say "prices are bottoming now.". This week the Illinois Association of REALTORS reported a Chicago-North Shore area surge of activity in February and especially on Leap Day which drove home sales to even.

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And until a bottom is finally reached, anxiety levels will remain high, even if low oil prices are by any measure a big boost to the world’s two largest economies: the U.S. and China. The analysts at.