``Even if the housing market is, in important ways, in better shape than it was four years ago, Obama can't take much credit for it. Although mortgage rates are lower, credit for that goes to the weak economy and the Federal Reserve. The declines in inventories and vacancies are mostly because new construction plunged after 2007 and has remained far below normal levels -- so few new homes have been added to the supply. It is also because there are fewer foreclosed and other distressed homes for sale. And the biggest hangover from the housing crisis -- homes stuck in the foreclosure process -- is governed more by states than by the feds.''

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