CalculatedRisk: 2011 residential real estate investment and GDP will be “improvement over 2010”

Housing blog CalculatedRisk has been justifiably bearish on housing for the past few years, and below is a slight change in tone. Full story on CalculatedRisk or BusinessInsider.

“I’m now looking at a 2011 forecast for housing, and the good news is RI should increase modestly next year. It will not be a vigorous recovery, but I do expect RI to make a positive contribution to GDP – and that is an improvement, and is one of the reasons I think real GDP growth in 2011 will be 3%+. Not great, but an improvement over 2010.”