Live Breaking News & Updates on Distress Rises

Stay updated with breaking news from Distress rises. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Detailed text transcripts for TV channel - MSNBC - 20110131:20:41:00

Down together. some markets are in better shape. washington, d.c. has a better economy, they aren t looking at the same sort of situation that you might see, say, in florida, or in las vegas and nevada, where millions people owe more than their homes are worth. they can t move. they re effectively trapped in their homes. it s something that probably won t go away for a long time. explain to us the banks and the role that they play in all of this. how much blame do they carry? there s a lot of blame. we should be watching banks carefully with what happens with foreclosures. the more sales that are distresses the further and faster prices fall. banks are not emotional about selling homes. if it s $300,000, that s what they re going to put it out. they don t say i fixed up the roof. banks tend, when more sales coming from banks, prices reset quickly in those markets. it s the supply of distress rises, as the share of sales from the banks and from home owners trapped in underwater home ....

Washington Dc , Las Vegas , Dont Eat It , Selling Homes , Underwater Homes , Distress Rises ,