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Transcripts For ALJAZAM News 20140101

In chicago, its tough to find some hopes for sale. Inventories are down about 30 compared to last year, and in some cases, bidding wars are breaking out on property. Reporter mark and kay home shopped for several months before final close on this threebedroom brick colonial. Our inventory was very low, and the places that were very nice or fit our needs go under contract very quickly. Reporter however, Rising Interest Rates could undermine the move. Affirm interest on a 30year fixed Rate Mortgage is 4 and a half percent, and thats a percent higher than a year ago. Real estate broker, scott newman, thinks that the prospect is prompting many of his clients to buy now, rather than wait. [ audio difficulties ] so here we are with a Million People, and there will be 150 americans watching on television, and about 1 billion people around the world, when they take all of the clips into account. Its a very very big, and rather cold event, john. And john, talk about the temperature out there. W

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