Detailed text transcripts for TV channel - CNN - 20100809:15:54:00
For. people are able to hold on to the mortgage long enough for the market to come back. those are the ones that are going to be okay. for instance, home prices in california. one of the state's hardest hit by the crisis, rose dramatically last quarter. thanks to state credits, state tax credits, i should say, on top of federal credits. home prices in florida, though, and arizona, still haven't bottomed out. it will take a while for this to all sort out. so under water mortgages and therefore extension foreclosures, are gointo be a problem going forward. you can see it already in the four hard...
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