Click here to view this newsletter on your mobile device. | Wednesday, May. 27, 2009 | | TODAY'S TOP 5 VIDEOS  | 1. OPEC Sec. Gen.  | Insight on where the price of oil will go, with Abdalla El-Badri, OPEC secretary general and CNBC's Melissa Francis | 2. El-Erian's Outlook  | Current perspectives on the future of the economy, with Mohamed El-Erian, Pimco CEO/co-CIO. | 4. Banks Turn Q1 Profit  | The FDIC says the nation's banks turned a profit in the Q1, reports CNBC's Hampton Pearson and Richard Bove, Financial Strategist Rochdale Securities. |
| |  ![]() | | |  | High-End Foreclosures Are Next | I heard a startling statistic from the National Association of Realtors this morning…no not that home sales are actually increasing, but something about the high end of the market.
Chief economist Lawrence Yun said that the supply of existing homes for sale over $750,000 has reached a forty-month supply. Yep, that means it would take well over three years at the current place to sell off all of those homes. »read more
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