With positive housing data out today, CNBC, First in Business Worldwide, will broadcast a live special, "CNBC Reports: Realty Check," tonight, Tuesday, July 28th at 8PM ET.

Anchored by CNBC's Dennis Kneale, the one-hour special will focus on the new reality of real estate and look at the markets and mortgage rates from coast to coast. Have we finally hit the bottom? Is now the time to buy or sell? CNBC will tell you where housing is hot again.

The special will feature CNBC's Diana Olick, live from Washington D.C., with an overall look at the ups and downs in the housing market from the start of the downturn to today. CNBC's Jane Wells will be live from California, with the state of housing in one of the hardest hit areas of the country and NBC's Michelle Kosinski will report live from Florida with the state of housing there. The program will also include insight from homebuilders, market analysts and real estate specialists, among others.

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