Over two years into this recession and the housing market shows little sign of recovery. Why? Maybe because the gov'ts programs to "save homeowners" is only forestalling the inevitable and artificially keeping prices high. Get rid of all that, foreclose on people who can't pay, sell the foreclosures and let the market clear. Worked wonders back in 1990. Holman Jenkins, Jr.: The Foreclosure Crisis and the Future of American Communities - WSJ.com more at the source.