Credit crunch is bad news for potential home buyers

We're heading for the part of the year that has traditionally been a busy time for buying and selling homes in Minnesota.

But the real estate market is in a slump. In the Twin Cities, home prices are down and so are total sales. Lenders are tightening credit standards, making it harder and more expensive to get a mortgage.

Morning Edition host Cathy Wurzer talked with Roger Harrington, head of Roger Harrington's Mortgage Advisory.