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Transcripts For WBAL NBC Nightly News 20100824

the inventory. the number of unsold homes on the market rocketed to a 12.5 month supply, that s more than double the number of homes you d usually see in a healthy real estate market. all this despite the fact the federal reserve has pumped a trillion dollars into the market to push borrowing rates way down. 30 year mortgage rates hit 4.42% in recent days. that s believed to be the all time record low for mortgage rates. joining me with more on what happened here and what it mean for the broader economy, diana olick. reporter: good evening, it s houses like this one, perfectly appointed, move-in ready, been on the market for over six months. like a quarter of all sellers on the market today, this seller has already lowered the price and it s not moving. it s that tommic mix of that expired home buyer tax credit, still high unemployment and overall lack of confidence that s sent housing into another tailspin. the numbers were twice as bad as experts predicted and their predi

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