Housing Market Edges Back 6 Year Later

After its well documented sub-prime catastrophic meltdown, the US housing market is seeing a staged sign of recovery.
In what the sector terms a Zip code by Zip code shift, it's all about location.
Recurring progress over the past six months is a positive sign and affordability remains one of the key demand generators.
With the threats of the fiscal cliff still on overhang the question remains can the US continue to stage a long term return in 2013 and beyond?