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The homebuilder industry is up 50% over the last quarter. Who knew? Have we finally hit bottom in the housing market?

The stock market's bull run since coming off the October bottom could have more upward potential, especially if the housing market can show signs of stabilizing.

While 2011 was a rough year on the whole for the housing market, December registered a 5 percent jump in existing home sales, though a recovery is still nowhere near.

The failure of the Super Committee and the ongoing crisis in Europe has created a confidence crisis for investors and the market, but will this uncertainty drive a another downturn?