Search the Archive

Economy: Housing / Los Angeles, California #1021325

CBS Evening News for Tuesday, Apr 24, 2012
View other clips in this broadcast →

Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws.

(Studio: Scott Pelley) New figures on home sales cited.

(Studio: Anthony Mason) Signs of a housing recovery examined; details given about the rise in home prices in Phoenix and 4 other cities, while prices fell in Atlanta; housing inventory graph shown. [Arizona State University Real Estate Center Michael ORR††- says we’re seeing a turn in the market.] [Moody’s Analytics chief economist Mark ZANDI††- predicts consistent house price gains by spring of 2013.] How we will know the market is recovering discussed.

(Studio: Scott Pelley) Report introduced.

(Los Angeles: Ben Tracy) The return of bidding wars and house flippers in Los Angeles featured; statistics on homes bought by investors in Highland Park and nationwide shown; details given about the changed role of flippers and the disadvantage for people trying to sell homes that have not been redone. [Home owner Adam BAUER††- comments on paying more than the asking price.] [House flipper Matt MANNER††- says they plan to do 24-30 houses this year.]

Pelley, Scott;
Mason, Anthony;
Tracy, Ben

Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.

Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:

  • You may request a loan of this video by registering on our website and placing an order.
  • You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
  • If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.

If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.