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Numbers Game

People buying homes means things are good in the USA, right? Turns out that home ownership and economic development don't necessarily go together. Or as Nobel prize-winning Columbia University economist Edmund Phelps bluntly states it: "To recover and grow again, America needs to get over its 'house passion.'" We don't advise that wholeheartedly, but it is good to know the economy might improve whether you all are placing offers or not. [The Atlantic Cities]