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Economy: Housing Market #952542

CBS Evening News for Thursday, Aug 13, 2009
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(Studio: Katie Couric) The rise in foreclosure filings noted; RealtyTrac figures cited.

(Los Angeles: Ben Tracy) Changing attitudes about home ownership as home values drop and mortgage rates are reset featured; statistics on underwater homeowners and home ownership cited. [Renter Scott SHUMAKER†- states he’s glad he didn’t listen to his parents’ pleas for him to buy a house.] [Harvard University Joint Center for Housing Studies Nicolas RETSINAS†- says renters were demonized but they weren’t so stupid after all.] [University of Utah Metropolitan Research Center Arthur NELSON†- says we need to get away from the idea that owning a home will generate profits.]

Reporter(s):
Couric, Katie;
Tracy, Ben
Duration:
00:02:40

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