Article updated: 12/9/2012 6:24 AM

Charles Schwab: Housing recovery to boost economy

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Liz Ann Sonders, chief investment strategist for Charles Schwab Corp., believes that in 2012 housing is recovering to such an extent that it will be one of the key drivers of the economy in 2013 and could add as much as 1 percentage point to growth.

Associated Press/August 2008

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The housing market is recovering from its collapse to such an extent that it will be one of the key drivers of the economy next year, and could add as much as 1 percentage point to growth, says Liz Ann Sonders, chief investment strategist at Charles Schwab & Co. Inc.