If you’re thinking the recession is over, not so for he housing market.  It’s reported that Chase is holding over 600,000 houses vacant.  Countrywide/Bank of America is twice as big as Chase - how many do you think are being held off the market from all the banks?   More in the next post; however, this article will help you understand where the market is today. http://www.marketwatch.com/story/delinquencies-foreclosures-break-record-mba-2009-11-19-10500