Also, foreclosure filings are down. Though the levels are high, they are down.
"Soaring foreclosures have set regulators and lawmakers scrambling to curb the trend, which many economists say could tip the U.S. economy into recession. Plans that make it easier to get a government-insured loan or would freeze interest rates for some subprime borrowers will slow foreclosures, analysts say. But many homeowners remain vulnerable to default." - MSNBCThe two are tied. Actions to minimize foreclosures will likely help keep the economy on a good pace.