The housing recession in the United States is already on its third year. It's estimated that it will stay in a recession for many more years. The main problem is from the huge number of homes on the market due to forclosures. There were 3 million houses foreclosed in 2010. Since there's so many homes on the market, there are less being built. On the other hand, since prices on these homes are lower than they usually would be, there could be more sales.
I'm not surprised that this is a problem still. I'm not really sure what I would do to try to fix it, though. Since inflation and unemployment are both so high, options are limited. With so many people still homeless in our country, it would be nice to use these foreclosed homes to give them a place to stay.
http://www.msnbc.msn.com/id/41180293/ns/business-eye_on_the_economy/
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