. >> this report is brought to you by prudential financial. middle- and high-school students from across the country and around the world are being honored. this is the 2013 prudential spirit of community awards ceremony in washington, d.c. these students all have one thing in common -- their outstanding volunteer service. on hand to make this celebration extra special -- two-time academy award-winner kevin spacey. >> and you should all be very, very proud. >> track star and olympic gold medalist allyson felix added her heartfelt praise. >> i am just truly in awe of all the things that you're doing right now, everything that you've accomplished. >> two students from each state, as well as the district of columbia, earned silver medallions and $1,000 -- students like krysta pritchett of delaware. >> krysta formed a youth service group called "teens roc." krysta and her group have gathered supplies for a homeless shelter. >> every year, prudential financial joins with the national association of secondary school principals to recognize young volu

as a systemically important nonbacked financial institution. prudential has 30 days to respond to this designation. and it says it is considering all its options. prudential declined to say or to comment further. someone close to the company said those options might include going to court to challenge this designation. also, of course, they could just accept it outright. keep in mind there are only three -- or two other companies that have been designated systemically important that are not banks. those being aig and fwrksge. regulators are considering other companies as we. they argue as an insurance company it doesn't face a run on the bank so should not be included in this designation. back to you. >>> if you've been putting off deciding to buy a home and getting a mortgage or pursuing a refinancing, this may be your last best chance. rates falling again after bernanke kept the punch bowl spiked. will it just be temporary? we'll take a look next. stay with us. ♪ ♪ [ female announcer ] you're the boss of your life. in charge of long weekends and longer

lincoln financial prudential. and people don't want the insurers. they were based on higher rates, but it look like we're not going to get higher rate. travelers runs a very good book of business. their business is good. people buy that stock, not betting on what the fed is going to do, but who runs the company. the individual companies that are doing well are going higher. a lot of other companies are going higher. >> are you overworried? are we coming off this really deep bottom back in 2009? and so we're going to get these natural sort of statistics about "x" and "y" over "z" and whatever it might be? >> yeah, absolutely, i do think you're probably overworried. a lot of the rhetoric i've been hearing in the press today, it sounds like the market's down a couple percent. guys, we have a reset going on here in this rate environment that the fed has set. and i think the one group that's losing a tremendous amount of momentum and it's impressive the market's holding up as well as they are, the financials. regional banks off almost 4% since the announ

prudential elliman, right? you watched the ups and downs. >> yeah. liz: you hit the financial crisis as well.is before? >> no, this is very different. anyone would tell you we're in uncharted waters but this happens in manhattan. you have your dips. when you get these runs, they're long, they're aggressive and we have seen this before. we've seen this play out. we're in the middle of it right now and it faces nating to watch. liz: well the average home sales price, okay, everybody ready for this, here, $1.4 million. >> yeah. liz: is about 1149 per square foot. >> right. liz: where else comes close to that in america? >> you can't look at america. you have to look at sister global comparisons, london, tokyo, hong kong. there is no comparison in the united states. liz: not at all? not broad beach, malibu. >> you like to think, little bit, california girl. liz: i'm thinking about it. so does it continue and does it spread to any other parts of the country? >> i think it definitely continues. there is no evidence this is slowing down at all. in fact if anything over the last few months we've seen