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The housing market is in recovery. There's lot of stats to back it up so take your pick:

* Existing home sales are up and supplies are down
* New home sales are up and supplies are way down
* Pending home sales are posting at record paces

And, perhaps, most importantly, the best gauge of the housing market's health -- home values -- is showing consistent improvement. Both private-sector Case-Shiller Index and the government's own Home Price Index showed home prices on the mend.