PBS NewsHour: Foreclosures, Unemployment, Confidence Continue to Drag Down Housing Market

May 31, 2011

A new report released Tuesday showed the state of the U.S. housing market has grown even more bleak as prices have dropped for more than two consecutive quarters. Gwen Ifill, RealtyTrac's Rick Sharga and Mark Zandi of Moody's Analytics discuss which factors are responsible for the continuing strains on the market.