Housing is looking up. We’re even working our way through the inventory of homes that were foreclosed on during the housing crisis. But we’re not yet out of the woods. And there are many buyers for whom this rosy scenario isn’t reality, writes the Washington Post.

More than 13 million homes are underwater, still worth less than the mortgage amount. And in 2012, nearly $200 billion in wealth was lost due to foreclosures across the U.S., with an average loss of $1,679 per household, according to "Wasted Wealth: The Foreclosure Epidemic, a Generational Crisis for Communities of Color."