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Detailed text transcripts for TV channel - FOXNEWS - 20101228:14:33:00

Eight-tenths of a percent lower. that really needs to get stronger for a consumer to go buy an ipod, ipad or, you know, a flat screen tv. rick: yeah, that s a real problem because so many people have so much of their wealth and their savings tied up in their real estate, they need reporter: they need to see those home prices firming up for them to get the confidence to start to spend again. rick: so what will it take? i mean, we ve got still the foreclosure rates are still at record highs. right. rick: people still dealing with these problems. what helps to turn that around? reporter: i think it s time, rick. honestly, i think first quarter of 2011 we re going to see massive foreclosures, and after that most of those arms that were done have made their way through the system. after the first quarter oaf 11 maybe you start to see some prices firm up. when homes fore close, it goes back on the market into inventory. big inventory overhang in homes means prices can t go up. when ....

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