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More good news on U.S. housing front

http://www.meckmom.com/wp-content/uploads/2011/05/home-sold-sign.jpg

There’s more good news on the U.S. housing front: Sales were up over the summer while construction starts on new homes also increased.

It’s not exactly jumping-for-joy news. But, hey, we’ll take it.

Update – Hold that optimism! One prominent economist says we haven’t seen the bottom yet of the housing market and prices could fall by another 20 percent. Yikes. Sure hope he’s wrong.