Old 08-31-2009, 12:57 PM   #1 (permalink)
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Excellent video on CNBC today

take a look:

Banks have been holding on to their foreclosed properties for months, but now they're getting ready to release them onto the market, reports CNBC's Diana Olick.


http://www.cnbc.com/id/15840232?play=1&video=1233249360


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Old 08-31-2009, 01:26 PM   #2 (permalink)
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Re: Excellent video on CNBC today

Thank you very much housebroken for sharing this article..
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Old 08-31-2009, 03:44 PM   #3 (permalink)
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Re: Excellent video on CNBC today

Quote:
Originally Posted by Housebroken13 View Post
take a look:

Video - CNBC.com
Interesting, that was a broadcast from earlier today yet when I try to access it, the film clip is .not available at this time'. Would anyone have more info on what the contents were aside from the title info that the banks are ready to start dumping their inventory? Wonder if it drew too many hits for their server or the banks wanted it pulled?

I expect housing prices to drop substantially if any sizeable inventory is released.
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