R.E.Market Durham

Real Estate Market Durham. The saying goes, "All real estate is local". So true. But real estate is a fascinating animal. It is very small and very big at the same time, and is a metaphor for all that we hold dear in American culture and society - community, safety, risk, dreams, and unbridled optimism. Here, you'll see the everyday and the extraordinary. I want to REMarket the local conversation about real estate. I won't have all the answers, but hopefully I'll ask the right questions.

Sunday, January 27, 2008

60 Minutes Explains Subprime Mortgages

60 Minutes aired a piece tonight on the effects of the current issues on the subprime mortgage market. The focus of the story is Stockton, California, which is apparently ground zero for the subprime implosion. They did a good job of explaining the far reaching impact of foreclosures in layman's terms. Check the video here:
http://www.cbsnews.com/sections/i_video/main500251.shtml?id=3756665n

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posted by Tamara Heyward @ 8:25 PM  

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