welcome to on the money. i'm becky quick. the state of real estate why the value of your home could be sinking, and why people who flip houses for a living may be flopping another gigantic hack. this time even your passport nervous is vulnerable. why does it keep happening what can you do? should companies be punished it's that time of year again. year-end tax tips that can save you big money, and busy moms, busy lives who women who can help you eat healthy and stay fit, even if you don't think you have the time >> it could be, you know, squatting down while i'm, like, bathing my four children at the same time.

>> this is on the money. your life, your future, your money. now becky quick. >> when you buy a home, you fix it up quickly for resale, and you try to make a profit in this difficult housing market, our diana ohlick finds out that flipping is flopping. our cover story. >> this man has been flipping homes in the los angeles area for 30 years usually several per year this year he did just this one. the math is getting a lot tighter. this is likely why the number of

in california where prices are high, the number was down a steeper 22%. gross flipping returns across the country in august fell to the lowest level in nearly seven years. it's also taking much longer to sell a flipped home. now an average 186 days. the longest since june of 2006 there is brief competition from large scale flippers who came in during the foreclosure prices and have continued to flip large volumes of homes >> they have teams of people looking at properties where the little guy, like myself, as an example, you know, i have myself and my realtor contacts that are looking, but, you know, a team can always do more than an individual >> flippers are also now faced

with the market where prices are still high, demand is falling off because of higher mortgage rates. a lot of older homeowners who might have wanted to down size are now staying put because it's so expensive to move that means fewer flipable homes ripe for the picking for on the money i'm diana ohlik in washington. >> what's the state of real estate right now ceo of realtor.com, and thanks for being here today >> he thinks that for having me. >> when flipping gets more difficult, is that a sign of a real estate market that's in trouble? >> well, i think there's a couple of things that go into flipping, as diana's piece talked through one is price to which you buy a home and prices have held up they're still not an easy entry for flippers there's also the calculus of what will happen you think the buyer on the other side, six to nine months down the line, they have the affordability they need. there's also the fact that it's costing more to fix up homes, the cost of labor has risen and

materials. the calculus has gotten -- you'll see some people hold back >> what's going on in the market right now? where do you see it in terms of overall health historically speaking >> i think the way we think about it at realtor.com, it's basically there's not one size fits all in the real estate market it's a very local situation, local process. in certain markets you're seeing housing do well over the last years, and especially certain parts of the coast in california, miami is doing great. phoenix doing really well. it's the places where employment is doing well, and where wages are rising you'll see that knock-on effect to housing places where trr people leaving or where unemployment is risen or wages aren't holding up >> we have heard lots of anecdotal evidence and lots of investors who have been putting their money in apartments as a result of millenials not buying houses at least not buying them as early as previous generations have what's your take on that what will they eventually do >> you look at under 35

homeowners at about 33%, 34% there's a huge bunch of millenials that are renting, as you say. i think they have impacted their psyche, and people are more conservative to lean in. i think affordability has been a chal epg look across the country. housesing prices have been high, and millenials have been relulktant to go in. we do still see that over time millenials -- the homeownership percentage will gup from 35% to 40%. >> let's talk about the rising mortgage rate and what that means. historically you are still talking about rates that are incredibly low, but they've risen pretty rapidly, and maybe sticker shock for people who are thinking there is going to cost me a lot more than a year ago. how long does that effect sort of last, and how much of housing and market is riding on what the fed just said. >> we see interest rates going from 4.8% on a 30-year fixed mortgage to about 5.5% at the

end of 2019. definitely interest rates are going to increase. as you say, they still are historically low, but i think the psyche of people is, oh, i missed my chance, and i don't want to take a crack at a higher rate that has had some impact on the market >> everybody has access on-line to real estate listings. they never dip when my mom and dad were buying houses how has that changed the realtor industry, and what disruption do you think is ahead >> the amount of information and data that's available to the consumer has taken off that's a good thing. it lets buyers and sellers be much more educated about the market however, we still believe a realtor is really important. look, for are most people this is the biggest investment of their life, and to do that on your own or without a professional is very, very risky. we still see that partnership as critical >> should you still have a 6% commission of people that are better educated? >> commissions vary.

certain things you really want to make sure you do them right you want to maximize the price you get and make sure you take it out to the market if you are a buyer, look, you don't want to get put into the wrong home for you and your family it's the fabric of your life you want to pick well. having guidance there is important. zlo thank you so much for your time >> thank you very much >> appreciate it up next, we are on the money another day, another security breach this time 500 million marriott customers were victims what you can do right now to keep your on-line identity safe. later, remember that new tax law that went into effect this year? is it could mean big changes for your tax bill. what you can do to avoid a big surprise come april. right now, though, let's take a look at how the stock market tended the week.

>> whether you or someone you know is among the 500 million people who had their personal data compromised in the marriott security breach, there are important steps to take right now to keep your information safe brian is a cyber security expert from verona systems. that's a data protection and analytic company this one really caught my attention. not just because of the 500 million people involved, but because of the data that they actually have. things like your phone number, your address, and your passport information. >> a lot of really sensitive information. >> that is really critical stuff, and we keep hearing about breeches like this happening what should be done? what should people at home be doing? >> companies need to start behaving like if they haven't been breached, they will be, right? every company needs to behave like if somebody bad wants to get in, they can

right? marriott treats their hotels this way they know that anybody who walks into a hotel could be a bad guy, right? they keep all the doors locked and make sure only authorized people can go into sensitive areas. they have cameras everywhere if they see something fishy, they can detect it and respond to it quickly. they can't do that on the data, though half the doors are unlocked. none of the cameras are turned on, and they don't know anything bad is happening >> i thought, big deal, what information do i really get to them to hear that they have been saving my passport information what were they doing saving my passport >> nobody was telling them to delete it. they kept everything for as long as they possibly could because they had no reason to delete that data. consumers, you need to assume your data has been breached. >> they had no reason to delete it, but they did, obviously, for something like this. is there anybody who is going to say you're in trouble and you're on the line for holding that information that you didn't protect? >> interesting you say that. in europe they have what's called the gdpr, the general data protection regulation, and part of what it says is if you collect the personal data of european citizens, have you to delete it when you no longer

need it and make sure only the right people have access to, it and if something bad happens, you have three days to let authorities know the fines have real teeth. >> this breach goes back years i think even -- >> 40 years. >> even before marriott owned starwood, which is the arm that was doing this would they still ob the line for a rule that only went into place in may of this year? >> absolutely, though. when you go through a merger and acquisition, you are taking on the risk of the company that you are erj manying with marriott had a duty to make sure that they understood the risk of starwood systems now, security is a journey you can't solve everything overnight. this is like a bad guy living in one of marriott's hotels for four years, and they had no idea they were there. >> i would ask what a consumer can do, but i can't be in a position to tell any other hotel, no, you can't see my license and my passport. what am i supposed to do >> you have to assume that your data is either out there or is going to be as part of a breach. you need to behave as if your data can be accessed by a bad

guy. that means protect your e-mail, use credit cards responsibly >> i feel like in every one of these braechz, i don't have a choice whether that be, look, this was a celebration where a doctor's office gets hacked i don't have the choice of writing down my social security number or not. i'm forced to do that to receive services, essential services in a lot of situations. why is it that way how can i feel like i can do anything to protect myself >> as i aconsumer and as a citizen, you need to demand better protection regulation, sensible regulation, like the gdpr, here in the u.s., and you need to may have like your data is out there you need to make sure nobody can get access to your e-mail. demand better regulation >> some companies, i'm not saying this he went out and did this intentionally, but they have not taken the precautions they should have, where they are not thinking along those lines without regulations, maybe they won't. you think regulation like this, just because there's talk coming out of washington, is something that gets passed >> there has to be consequences to companies not protecting this kind of information. >> just stop taking my data

where. >> this he need to get your data to get value out of it >> they need to take my data to get value out of it. you don't need to do that. if you're not going to protect it, don't take it. >> you're 100% right unless there's consequences for them not doing it, they're going to unless there's consequence confess kwenss to either not take your data or treat it with more respect and security. there needs to be regulations like in europe we're seeing it in california and other states we're going to see it here sooner rather than later >> good to see you >> up next, you may want to add tax planning to your holiday to do list that's because time is running out for some key money-saving moves we'll have your year-end checklist, including a special tip for some people who may be going through a complicated time and, later, finding time for fitness. how to squeeze in exercise be we all want to know about the new thing.

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do it here. come see how we're making things simple, easy and awesome. plus, come in today and ask about xfinity mobile. a new kind of wireless network designed to save you money. visit your local xfinity store today. . >> the end of the year has been a good time to do tax planning, historically, but this year's new tax law is putting a whole new spin on things joining us right now to help wade through some of the confusion and tell us what to make in terms of these moves is senior personal finance correspondent sharon eperson, and this is a whole new ballgame anybody who has been doing this for a while knows there were certain things you used to do. new tax law throws that out the window, so now what? >> the new tax law, one of the biggest changes is doubling, nearly doubling, of the stashed deduction. about 30% of taxpayers have itemized, and now with this

raise in the standard deduction, some people may not want to do that there have been other tax law changes as well in regard to the home mortgage interest as well as state and local taxes those are things that you want to pay attention to, but what's really gone away entirely are miscellaneous itemized deductions >> all right what should people do this time around what are the kind of new tricks of the trade >> one of the things they should do, and this was true in the past as well, but if you want to look at your home mortgage interest and you want to try to make that extra mortgage payment, you may want to do that before the end of the year the thing that everyone fleeds to do is think about how can i reduce my taxable income dollar for dollar the best way to do that is it contributing to your retirement savings plan at work making sure that you maxed out as much as you can, put in as much as you can into your 401k at work. this is the time to do it. if you are self-employed, open that solo 401k or make sure that you have contributed to the solo 401k as well before december 31st if you have an ira, you have until april 15th to make that payment for the 2018 year, but

december 31st is the last day for 401k plans that's important to know where. >> what do i get in terms of the tax deduction for the money that i put in to a 401k or any of these things >> the maximum mumt mum for 2018 is $18,500, or 24,500 if you are 50 or older. >> that's -- >> if it's a regular plan, you are going to reduce your tax dollar for dollar by that amount the other thing to think about is for your taxable accident, looking at those investments that may have lost you money, and there you want to think about selling those investments to offset any capital gains that you have >> given how much wooech seen in terms of turmoil in the market and how many big dips we've seen, it's a good time to take a look >> with all of the voluntarily tilts. in erterms of health care expenses, you have to have 7.5% of your adjusted gross income in terms of the total value of all the health care expenses you had in 2018 in order to deduct them. it's going to be even higher in 2019 at 10%. you are going to want to take a look if there's some elective

procedures you still have time that maybe you could take care of, you may want to think about that if you want to be able to deduct health care expenses. charitable contributions is a huge issue for a lot of people because of the standard deductions being doubled some people may say i'm not going to get the same tax break with my charitable donations how can this still make sense from a tax perspective don't donate to charity just for tax reasons, but if you bundle those charitable donations and make your 2018 and 2019 contributions, for example, this year then you may meet that threshold or itemize your deductions instead of taking the standard deductions and being able to get a tax -- >> that's interesting. any other law changes that we should really think about or people in certain situations should be thinking >> well, the thing that a lot of football advisors are talking to me about that they're getting a lot of questions about is whether or not if they have a couple that is looking into divorcing, theshtd finalize that divorce before the end of the year, and the big issue with divorce changes in terms of the tax law is that alimony payments as of january 1st will no longer be deductible for the person

making those payments. they will be considered taxable income for those that are getting the money. >> sharon, thank you very much >> sure. my pleasure. >> up next "on the money" a look at the news just ahead daphne oz dishes out on tips on how to make delicious meals when you are short on time. >> a little parsley or a little fresh chive on to a regular old baked sweet potato suddenly it's an experience.

>> here are the stories coming up that may impact your money this week. on tuesday we'll be getting a measure of wholesale inflation the producer price index for november it also marks ten years since bernie madoff was sentenced to jail on wednesday consumer price index will be released, and that, of course, measures retail inflation. then on friday the closely watched retail sales report for november will be released. that's important because consumers make up more than two-thirds of the u.s. economy we'll also be seeing how busy factories were last month when the industrial production report was released as well the holidays are traditionally a time of joy, indulgence, and, of course, stress so how can we reduce the anxiety and create more joy? natural food chef daphne oz and yoga, co-found other, elaria baldwin are new hosts of mom brain. i recently spoke to them to find out their tips for the holidays. everything from fitting in fitness to preparing food when you are short on time.

>> my kids love -- i'll make them kid-friendly, roasted vegetables, and this is something i will put in my mac and cheese and chicken enchiladas i will make them sunday night and monday and use them throughout the week. sweet potatoes and cauliflower i'll sprinkle one with cinnamon nutmeg and some holiday spices the cauliflower i might do simple garlic salt and throw them in the oven, let them roast. come out you can use them as side dishes throughout the week. we entertain with them by drizzling tahini easy dollops like that then throughout the week you can puree them into soups and put them into fritattas. quick breakfast if you need them i do keep in my pantry -- i keep things that make me look good with very little effort. i'm talking about couldn't meants that take a long time to make things like barbecue sauces, chutneys and high quality ones, and things that let you add a ton of flavor without work those are some of the things that i use to really set myself

up for success both from a health standpoint and delicious meal standpoint. that's the juggle we do all year it just brought to a head on how to make it elevated in the holidays for me that comes down to fresh herbs, nuts, and dried fruit if you sprinkle chopped dried dates and a little parsley or a little fresh chive on to a regular old baked sweet potato, suddenly it's an experience. >> in your new book, i love something you talk about found moments forfeitness. what is that described as? >> i'll do, sort of, five minute or 30 second workout or maybe 15 minute world war iout throughout the day. it could be while i'm waiting for roasted vegetables to cook or it could be, you know, squatting down while i'm, like, bathing my four children at the same time. i literally put them all in the bathtub tarmt. >> i have two kids one in the shower, one in the tub, and i was troo ig to figure out how to do that i was doing push-ups off of the counter. >> i love that >> that works. >> a little goes a long way. even when you are playing with them, last night the kids were

beating each other at 6:00, and i was, like, why isn't it 8:00 p.m. it feels like it's 8:00 p.m. i made them all do yoga, and we all did yoga together, which alec, my husband, rolls his eyes and, oh, you're making them do that look at them they're trying to do head stands and doing little somersaults and getting tired. >> one of the things you is a i in your podcast is part of it is you have to set rules and boundaries for parenting not to try and do it all what does that mean? >> that actually didn't come from us. that was one of our first guests that was on the podcast. for me it's not about balance. it's about boundaries. she's a huge fashion setter and has three small children she wants to do both really well and be a great mother and be a great friend and great wife and all of it. she said boundaries, not balance. i think both of us have sat back and thought, you know, i think she realized we think balance means perfection, and it doesn't. we think balance means having it all, and as women that sets us up to fail you can't physically fit all

into 24 hours, and i like to think of it as every day is a recalibrati recalibration. you know, today i might be an a mom, a b wife, a c employee, a d friend tomorrow all of those things can shift. i think we really -- we owe it to ourselves to know that happy kids have happy parents to learn that from. >> sure. snoo my thanks to daphne and elaria for stopping by by the way, can you catch new episodes of their podcast mom brain which come out every wednesday. that is the show for today i'm becky quick. thank you for joining us next week, forget about that boarding pass. the airline ausing something different to check you in. all you need is a smile. each week keep it right here we're on the money have a great one, and we will see you next weekend

>> hey there after what has been another wild week for the markets, the guys here getting ready behind me in the meantime, this is what's coming up on the show. >> stocks are getting crushed, and as investors run for cover, dan nathan says even the so-called safety sectors are dangerous. he will give us the trade. plus -- >> it's a bird it's a plane >> it's just tesla taking off as the rest of the market crumbles. if you missed a rally, there's a way to get