Fear and panic gripped the stock market this week with worries that China's problems could cause a global recession. But is Wall Street out of step with Main Street? Time for a reality check with economist and housing market expert Nela Richardson, Chief Economist at Redfin, the real estate brokerage firm. Nela gives us the low down on the future of the housing market and the U.S. economy, plus suggestions on how we can build a better future.

Very strict lending standards by banks make it hard for tens of millions of Americans with skilled middle-class jobs to get a mortgage. Our financial markets are still gripped by fear. Time for a reality check with Nela Richardson, Chief Economist at Redfin, the real estate brokerage firm. Nela gives us the low down on the future of the housing market and the U.S. economy, plus suggestions on how we can build a better future.