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(Studio: Elizabeth Vargas) Major concerns that the housing bubble across the country will burst noted; Federal Home Loan Mortgage Corp. statistics on mortgage rates cited.
(Studio: Betsy Stark) The risk to the entire economy if the housing boom goes bust examined; scenes shown from south Florida, where the market is in a frenzy; National Assn of Realtors statistics on home sales & rising housing prices cited. [Investor Bill LEON - says he turned 30,000 dollars in a few hours.] [Columbia University professor Chris MAYER†- says if interest rates go up, prices will fall.]
- Vargas, Elizabeth;
- Stark, Betsy
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