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After nearly a decade of disaster that reached levels of despair not seen since the Great Depression, 2013 was more than a turnaround year. Within its short life, it changed housing from a liability to an asset so favorable that it had to power to take the rest of the nation's economy along for its ride upward, in the eyes of the Bernankes and Obamas. In some ways, it changed the housing economy for years to come. Like a human life, its true place in history won't be known until it is gone and some time has passed, but it will be hard to argue with the hard numbers achieved in 2013. Some examples: Home prices are rising faster than they have since the housing boom. The S&P/Case-Shiller index of property prices in 20 cities recently released climbed 13.6 percent from October 2012, the biggest 12-month gain since February 2006, after a 13.3 percent increase in the year ended in September. Annual existing home sales should reach 5.1 million in 2013, the highest total in seven years, a...
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