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If you listen to the majority of economists out there, they will tell you that the collapse of the housing market was one of the major factors that pushed us into the current recession. They will also tell you that a recovery in the housing market will be necessary if we are to ever pull out of this recession.So it's no surprise that, with all of that in mind, economists and investors have been excited to see improvements in the housing market this summer.
For instance, the New Home Sales number released on Wednesday by the Census Bureau showed that sales rose more than expected in July -- to 433,000.
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