Sub-Prime Market Collapse Impact on Arizona

Arizona's once-booming housing market is now suffering from the collapse of the subprime mortgage market. This year alone, there are over 3,000 foreclosures of homes, a tripling from 2006. Joining host Todd Landfried to discuss the situation are ASU Professor of Finance and Real Estate, Dr. Anthony B. Sanders; Bill Iannelli, host of Real Estate Matters and principal of Iannelli and Associates, a local real estate brokerage; and Ted Prezelski, chef, cook, and bottlewasher of the blog Rum, Romanism and Rebellion. As always, the program included calls from the public.