Housing is still unaffordable for most of the population. The Crisis will not be over until people can pay 25% of their income for housing. Now they are paying as much as 70% just for housing. How can the economy improve if people don't have money for anything else except their housing?
See following interview:
http://finance.yahoo.com/tech-ticker/hope-you-enjoyed-the-housing-recovery-...-because-it%27s-history-says-suttmeier-482467.html?tickers=FNM,FRE,XLF,XHB%20,HD,LOW,WFC
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