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Housing: Mortgage Crisis / Hitting Home #899618

CBS Evening News for Friday, Jul 25, 2008
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(Studio: Katie Couric) RealtyTrac statistics on home foreclosures and home prices cited.

(Miami Beach: Kelly Cobiella) Ways to find a good buy in the housing market with an eager seller featured; specifics detailed on what a buyer needs to do. [Prospective home buyer Iovana POSADA††- says she is looking at the numbers.] [Homekeys CEO Manuel IRAOLA†- gives tips on buying a home.]

(Studio: Katie Couric) Foreclosure story re-introduced.

(Washington: Jim Axelrod) Foreclosure rates and the drop in home sales examined; details given about the housing bill in Congress that is a lifeline for homeowners facing foreclosures by setting up fixed rate loans guaranteed by the government and of tax credits for first-time buyers. [RealtyTrac Rick SHARGA†- talks about the housing market.] [In foreclosure, California homeowner Myra PINEDA†- comments.]

Reporter(s):
Couric, Katie;
Cobiella, Kelly;
Axelrod, Jim
Duration:
00:04:40

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