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off four years after a bruising economic crisis, no one, it seems, has a good answer for that. carl quintanilla for "nightly business report" new york. >> dig a little deeper and break out some sectors. you heard carl mention the fed and mortgage rates. let's talk about housing. diana oillick from las vegas on how far the housing market has come and how far it needs to go to regain full health. >> reporter: chris and candice rodgers wanted to move to a bigger house. with las vegas homes costing about half what they did during the housing boom, they figured it was the perfect time. ex...

off four years after a bruising economic crisis, no one, it seems, has a good answer for that. carl quintanilla for "nightly business report" new york. >> dig a little deeper and break out some sectors. you heard carl mention the fed and mortgage rates. let's talk about housing. diana oillick from las vegas on how far the housing market has come and how far it needs to go to regain full health. >> reporter: chris and candice rodgers wanted to move to a bigger house. with las vegas homes costing about half what they did during the housing boom, they figured it was the perfect time. ex...

the economy and what's not. >> reporter: that sound you hear is the american economic recovery at its sweetest. the hammers and drills of the housing market. across the country, the median price of a home is up 7% in just the past year. sales of existing homes are at multi-year highs. and since housing is about a fifth of gdp, it may be the best thing we have going. >> as housing starts to bottom and recover, that's the economy. because at the end of the day, americans have more of their net worth in their house than any other asset. and so this is a huge part of the rebuilding of co...