the president will tout some of the successes in the market, but republicans are still saying that the housing market is recovering because, in their words, it bottomed out. what is the real picture, not the partisan back and forth of what s happening with our housing market? well, and it s interesting. that s an interesting again. it s interesting he s choosing phoenix, because the modification was announced there and under the making home affordable plan. it also has a sister, the harp refinance. that s what the administration is also looking to tweak a little bit. for example, freddie mac last month came out with what they re calling a streamline modification. it s really only for people who are severely, severely in default. so more than three months in default and really about to lose the home. it s a last resort. and i think that s what really the president is focusing on with this refinance plan as well. we ve got almost 10 million people still under water. those are the folks