http://www.washingtonpost.com/wp-dyn/content/article/2009/11/19/AR2009111903885.html

“More than 14 percent of borrowers were in trouble on their mortgage during the third quarter, a new record, according to an industry survey released Thursday, which also suggests that the foreclosure rate is likely not to peak until next year as unemployment rates continue to rise.”

And so with 14% of all owners struggling with their mortgages, the housing market is clearly not in good health. But as the article notes, the outlook on the delinquency rates suggests it’s going to get worse.

So I conclude this series with the same question that began it: what housing recovery is the administration talking about?