Aug. 10 - President Barack Obama acknowledged that the housing marking is ''not where we need to be'' but pointed to a drop in foreclosures as an indicator of recovery. Rough cut. (No reporter narration)
ROUGH CUT -- NO REPORTER NARRATION In his weekly web address, President Barack Obama said the housing market is starting to heal, four years after inheriting the mortgage crisis of 2008 at the beginning of his presidency. "Over the past four years, we've worked to help millions of responsible homeowners get back on their feet," he said. "And while we're not where we need to be yet, our housing market is beginning to heal," he added. The President recently preached the steady recovery to prospective homeowners in California and Arizona, two states that were hit hardest by the housing disaster that forced many to foreclose. Obama seems to be focusing his attention on middle-class economic growth and the housing market, dispute a whirlwind of political disputes about alleged spying on citizens by the U.S. government.