<a href="http://www.foxbusiness.com/topics/business/real-estate/foreclosures.htm">Foreclosures</a>. Short Sales. Unemployment. Tight <a id="KonaLink0" href="http://www.foxbusiness.com/personal-finance/2011/06/27/why-housing-crash-remains-wreck/#"><span style="color: blue;">credit</span></a>.  Overbuilding. Those are but some of the reasons housing markets in many  parts of the country remain stubbornly depressed, even while activity  in other economic sectors has begun to rebound.

New-home building and sales of existing  homes historically have been leading economic indicators, pointing the  way to robust recovery after a downturn. In the current cycle, however,  that hasn't happened, says Lawrence Yun, chief economist at the <a href="http://www.foxbusiness.com/topics/business/real-estate/national-association-of-realtors.htm">National Association of Realtors. </a><a title="Why the Housing Crash Remains A Wreck" href="http://www.foxbusiness.com/personal-finance/2011/06/27/why-housing-crash-remains-wreck/#ixzz1QVHsPZGt" target="_blank">Read more </a>