CLEAN: Sin CityÕs silver lining to US foreclosure bust

The video discusses the concept of being 'upside down' on a mortgage, where a homeowner owes more on their mortgage than the house's current market value. It uses a specific example of a house that was once valued at $140,000, peaked at $250,000, and is now listed for $49,000. The video suggests that the market may be starting to recover, indicating that the housing market might have reached its lowest point and is beginning to improve.

What does it mean when a homeowner is 'upside down' on their mortgage?

• They are renting out their house.

• They owe more on their mortgage than the house is worth.

• They have paid off their mortgage completely.

• They have a fixed interest rate on their mortgage.

In 2003, what was the approximate value of the house discussed in the video?

• $250,000

• $140,000

• $49,000

• $200,000

What was the peak market value of the house?

• $300,000

• $250,000

• $49,000

• $140,000

What is the current listing price of the house?

• $100,000

• $250,000

• $140,000

• $49,000

What does the speaker suggest about the real estate market's current state?

• The market has reached its peak.

• The market is stagnant.

• The market is still declining.

• The market is showing signs of recovery.