Detailed text transcripts for TV channel - FOXNEWS - 20111105:20:24:00
On average it's now about 336 days, an all time high. experts say that is because the banks are overwhelmed. it's taking longer to file and markets are saturated with foreclosed properties. >> when you have a regulated supply, because there really is no demand, that is the key here today. the issue is consumer confidence is very low. the level of demand is down. so whatever supply you put on to the market, when it's incorrectly priced it's not going to get absorbed. >> reporter: the folks at realty track.com it's difficult to pinpoint just when the housing market will be out of the woods entir...
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