The housing crash erased $6.5 trillion from the value of Americans' homes, and the market remains deeply depressed, with prices retreating in November to just 1 percent or less above their crisis lows. And still: Something good has been happening lately. Lenders and government agencies have finally begun to understand how to deal with the crash by efficiently saving the homes of people who can afford to stay in them-and quickly recycling the properties of delinquent borrowers who are beyond hope.
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