Detailed text transcripts for TV channel - CNN - 20110511:10:22:00
22 minutes past the hour. we're minding your business this morning. we're talking about housing numbers this morning. foreclosures that have been priced to move are really essentially crushing home prices and the first three months of 2011, home prices fell 4.6% from a year earlier. that's according to the national association of realtors. which also reports that the median price for a single-family home is now $158,700. how does that compare? that is down 30% from the peak of 2006. >> so you've got that 30% down, and you've got from the peak and mortgage rates below 5% for a 30-year fixed mor...
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