The housing market plunge - Are homeowners paying the price?

Housing in the United States is taking a big hit, as "too-good-to-be-true" home loans fail, refinancing dries up, and foreclosures surge. How did the market plummet so far so quickly and are current homeowners paying the price? NOW investigates by revisiting a California town whose real estate fortunes have taken a hard turn for the worse.

Also on the show, we spend more time with a group of determined Florida farm workers who pick the tomatoes that may wind up on your fast food burgers or burritos. For nearly a decade they've also been picking a fight with Corporate America to get a better wage for themselves and their families ... and they've been winning.

The NOW website at www.pbs.org/now will provide additional coverage starting Friday, April 27, 2007, including new insight into the bursting housing bubble and more video resources for both reports.