Signs of stability among the real estate market have been evident; however, the threat of rising foreclosures and unemployment could very well place the market at a stand still. According to the Standard & Poor’s/Case-Shiller index, 20 of our major cities are still showing a decline in the housing market.

The amount of homeowners that are two months behind on their mortgage or already in the foreclosure process rose in the first quarter in comparison to the previous quarter. Many of these homeowners are borrowers with a good credit standing, which shows that the loss of jobs is affecting everyone.

The Obama Administration released its “Making Home Affordable” plan nearly four months ago; the progress has been slow as many mortgage companies that are holding eligible loans are not participating in the program. The Association of Community Organizations for Reform Now (ACORN) has held nearly 15 protests urging mortgage companies to sign into the program, in an effort to put pressure on these companies.