The largest real estate social network, ActiveRain Corp, surveyed 1,835 real estate agents and real estate brokers in the US and Canada to understand if the real estate market and economy are poised for recovery in 2012, both nationwide and in local markets.

Both Canadian and American agents and brokers expect to see local economies pick up in 2012, which may be the single most important contributor to a healthier real estate market.

Some of the biggest challenges to a quick recovery are foreclosures, short sales and banks not lending but to the most well qualified. What do you think? Has the real estate market finally found a bottom? Are we ready for a comeback?