Detailed text transcripts for TV channel - CNN - 20100728:13:07:00
To be able to purchase homes easier? >> yeah. yes. the midwest has the highest percentage of homeownership right now. about 71%. the south is next. 69%. the big gap is over in the northeast. here in the northeast where i am. homeownership is 64.2%. in the west, where i'm trying to sell a place, 61.4% right now. why the huge gap? home prices. cheap nest the midwest and in the south. average price home in the midwest, $155,000. out west, the average price for a home is $221,000. also the housing bubble burst in the west. that was huge. that was huge. that's where the most numbers of foreclosures...
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