Jun. 12--The nation could see a much needed housing recovery sometime in 2010, but unemployment and foreclosure rates will likely worsen between now and then as the economy struggles to get on track, according to experts at a housing conference Thursday at University of Wisconsin-Madison.

"Just try to hang on for another year," keynote speaker Richard Green told an audience of about 100 bankers, developers, real estate agents and other housing professionals gathered at the Fluno Center.

Positive signs of a coming recovery include a return to housing affordability, continuing low mortgage rates and plenty of pent-up demand from groups including people in their 20s and 30s who have held off on buying a house the last few years due to economic uncertainty.

"Finding the bottom is really key to getting out of this mess and I do think we're close," Green added. "The long-term outlook for housing is very positive."

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