"There's no question that today's housing market is in significantly better shape than anyone predicted 18 months ago."
Obama'a Housing Secretary, Shaun Donovan, must hope that repeatedly claiming things are great will make them so. But the cold numbers tell a different tale. More than a third of the 1.24 million borrowers enrolled in the President's $75 billion mortgage modification program, have already dropped out. And in Northampton County, a record new 129 Sheriff Sales is scheduled for this July. If you add in the sales continued from previous months, the list includes 218 properties.
The previous County record was set in August 2009, when 106 properties were listed for sale.
I don't know if the American people can take much more help from Obama.