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Economy: Recovery / Housing #1024978

CBS Evening News for Tuesday, Jun 26, 2012
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(Studio: Scott Pelley) The rise in housing prices in 19 of the 20 largest cities noted.

(New York: Jim Axelrod) Signs of a rebound in the housing market examined; statistics on the rise in prices and spending by foreign buyers cited. [Yale University Robert SHILLER††- says if prices continue increasing for 12 months he will become optimistic.] [Home buyer Luis SILVA††- notes a home in Brazil would cost 2-3 times more.]

Reporter(s):
Pelley, Scott;
Axelrod, Jim
Duration:
00:03:00

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