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Economy: Recovery / Housing #1055172

CBS Evening News for Tuesday, May 28, 2013
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(Studio: Norah O’Donnell) The rise in home prices & stock market report cited.

(Studio: Anthony Mason) The increase in consumer confidence sparked by rising home prices and stock values examined; home price statistics for several cities cited. [Park Cities Ford Jeff ENRIGHT††– comments on increased sales.] [Bank of America/Merrill Lynch economist Michelle MEYER††- says the economy is continuing to heal at a faster pace.] The rise in the Dow for the 20th consecutive Tuesday noted. The healing of the housing market discussed.

(Studio: Norah O’Donnell) Report introduced.

(Oakland, California: John Blackstone) The bidding wars over housing in San Francisco between first-time buyers and all-cash buyers featured; statistics on cash buyers and median sales price in Oakland cited; details given about the impact of low interest rates. [Home buyer Sara MERTZ††- says there’s not a lot on the market.] [Real estate agent Patrick LEAPER††- says it’s wonderful for sellers and bad for buyers.]

Reporter(s):
O’Donnell, Norah;
Mason, Anthony;
Blackstone, John
Duration:
00:04:40

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