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Real Estate


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July 24, 2009

Housing news raises hopes for economy

By ALAN ZIBEL
AP Real Estate Writer

WASHINGTON — The U.S. housing market is finally on the mend after its most far-reaching collapse in 70 years. That could help rebuild consumer confidence and revive the economy.

For the first time in five years, sales of previously occupied homes rose for the third consecutive month in June, while foreclosure sales and the glut of homes on the market both declined.


 
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