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A Closer Look (Housing Boom) #790957

ABC Evening News for Tuesday, May 24, 2005
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(Studio: Charles Gibson) A closer look at the red-hot real estate market introduced; National Assn. of Realtors home sales statistics cited.

(Studio: Betsy Stark) The speculation in the real estate market that seems to keep going up examined; scenes shown from the Los Angeles real estate wealth expo & from a real estate club meeting; real estate statistics cited. [Real estate investor Anthony BEHARY†- cites his earnings.] [At real estate seminar, two PEOPLE - comment.] [Houston Realty Investment Club James SMITH†- says people will be burned in real estate.] The expectation that mortgage rates will continue to go up as the Fed raises interest rates discussed.

Gibson, Charles;
Stark, Betsy

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