economist yelena shulyateva says supply will soon be even greater, as millions of additional distressed properties come to market. >> if we add shadow inventories to that, it will probably take more than two years to work off those excess inventories. >> reporter: and now the recent foreclosure freeze and document investigation is creating a new headwind for the housing market. both factors are making potential buyers nervous, and could keep them on the sidelines. >> potentially, it could be a very big factor for sales. depending on how you slice the numbers and what region of the country that you're sitting in, foreclosures or distressed sales can account for anywhere from a third to a half of all transactions in the market. so, existing home sales in particular may be strongly affected. >> reporter: to be sure, there are still vast regional differences in the housing market. if you live in florida, nevada, arizona and parts of california, experts say you could be waiting years for a recovery. suzanne pratt, "nightly business report," new york. >> susie: here are the stories in tonight

company how to become russia's only female billionaire and want her place on the forbes rich laced yelena nickel live now but is something else again hard charging in the plastics business in the construction business why they said to be in the corruption business they was also anger will add to t. to the city's cultural heritage you know that the demolition of seven hundred historical buildings and new ones who put up in their place say that ministration pay no attention at all to public opinion and this is one more example of. vandalism and crime and approach to the cultural heritage and architecture of the chip moscow but it was cause handling of the summer's wildfire crisis which proved the final straw while the capitol was choking from toxic smoke for more than a month the city's mayor refused to kushal his holiday preferring the clean air of the el. if the mayor of moscow comes back from holidays the day after the smoke has dispersed i think it's unacceptable and i think you should have been here after it started in the end started taking the blame for everything the night traffic j

yelena she's giving the courts three women on the bench justices will begin by denying many of the nearlyn recent months. >> the city of bell the council members have been charged with misappropriating millions of dollars. they have dropped out of sight. at the corner grocery store hernandez has owned for 30 years, a large sign out front says it is under new management. at the funeraria del angel mirabal mortuary, which mirabal and his family have been associated with for decades, no one would talk about him on a recent day. they pointed instead to flyers posted on every door noting that although his name still appears on the sign outside his family sold the business. >> lawyers will be taking center stage at the and and nicole smith case presenting final arguments to sway the jury. prosecutor will urge conviction of two doctors and smith's former lawyer/boyfriend. they're charged with giving her excessive drugs well known she was an addict. all three have beenpleaded not guilty. think >> to people missing after a landslide in china. more than 100 tourists were stranded when that landslid