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Economy: Housing / Tax Credit #959340

CBS Evening News for Friday, Oct 23, 2009
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(Studio: Katie Couric) A jump in existing home sales and a drop in the median price reported.

(Wolcott, Connecticut: Anthony Mason) The boost to the fragile housing market from the stimulus program that offers a tax credit for first-time buyers examined; details given about fraudulent claims; statistics on delinquent mortgages and foreclosures cited. [Buyers Paul MAZUREK‡, Gloria HENLEY‡- comment.] [Broker Gene FERCODINI††- notes the impact on his business.] [Zillow.com economist Stan HUMPHRIES†- compares foreclosures to home sales.] [Mortgage Bankers Assn. Jay BRINKMANN†- notes the link between the real estate market and the jobs market.]

Reporter(s):
Couric, Katie;
Mason, Anthony
Duration:
00:02:00

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