Now Playing: 12-29-11 Marketplace Index

The NAR Pending Home Sales index went up more than 7 percent in November -- the highest number of pending sales since the spring of 2010. Some experts think it could be a sign that the housing market is on the verge of a recovery. Gerard Cassidy, the Managing Director of Bank Equity Research at RBC Capital Markets, is one of them. We spoke to him about his rosy view of housing in 2012.