As much as I’ve been blogging about the successful recovery in the housing market, and as much as delinquency rates have gone down, CNN Money correctly points out that there’s one area of the housing market that, while better, is still weighing down the broader market: underwater homes  Down to 13.4%, the number of homes with negative equity is shrinking, but that’s still almost one in every 7 homes that can’t yet be refinanced or get a HELOC. Once those get above water, well, to mix metaphors, a rising ocean lifts all ships.