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One could ask the question: how did the financial system got us into such a mess? First one has to look at the value of anything and nothing… On average: ....
good evening, i m terry moran. we begin tonight with real estate and more encouraging signs of a market on the rebound. the most recent home prices actually show an uptick in america s big cities. while foreclosures are trending downward. make no mistake, there are, right now, some huge deals out there. and perhaps nowhere are the discounts on display deeper than in las vegas. chris connelly traveled to sin city in style for tonight s reality check. reporter: he may be an a-list movie star commanding up to $20 million a picture, but in real e estate, nic cage has been giving new meaning to the term bankable. in december, the bank foreclosed on this las vegas mansion. it reportedly sold for $3.5 million less than cage paid for it. this home in new orleans. and this one in bell lay air alt with foreclosure and he s not alone says real estate broker ken lowman. i would say right now the foreclosures are really hitting the luxury market hard. but a lot of these people ....
good evening, i m terry moran. we begin tonight with real estate and more encouraging signs of a market on the rebound. the most recent home prices actually show an uptick in america s big cities. while foreclosures are trending downward. make no mistake, there are, right now, some huge deals out there. and perhaps nowhere are the discounts on display deeper than in las vegas. chris connelly traveled to sin city in style for tonight s reality check. reporter: he may be an a-list movie star commanding up to $20 million a picture, but in real e estate, nic cage has been giving new meaning to the term bankable. in december, the bank foreclosed on this las vegas mansion. it reportedly sold for $3.5 million less than cage paid for it. this home in new orleans. and this one in bell lay air alt with foreclosure and he s not alone says real estate broker ken lowman. i would say right now the foreclosures are really hitting the luxury market hard. but a lot of these people ....