While 2/3 of metro markets in the US have reached “affordable” levels by traditional metrics the problem areas of California, Florida, Nevada, and Arizona have not improved, and weakness is continuing or worsening in some key northeastern markets. These markets represent the majority of the total housing value and the total mortgage portfolio of the US. As a result, when data is weighted by market value of each market, the national decline is now over 18% over the past year, not 7-9% as reported in the financial infomercial media. Until the conditions in the big markets begin to improve, there can be no broad based recovery in the housing and mortgage markets. Furthermore, any recovery hinges on mortgage rates staying low. If US Treasury yields continue the rise they began in March, then no recovery is likely for the foreseeable future. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information.