Detailed text transcripts for TV channel - CNN - 20100703:13:33:00
Total sales in the first quarter, that's down 37% from a year ago. that's good news, slightly good news. what's the broader implication here? >> boy, are we really grasping for silver linings? >> just a little bit. >> there is nothing normal about 31% of all home sales being foreclosed properties. that number should be tiny like single digit tiny. >> sure. >> yet, it's a huge number and we'll see millions more foreclosures come on the market. now already the new ham plearul have gone into effect, lenders are now starting to process through the foreclosures much faster. number of foreclosed hom...
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