our resident real estate guru barbara corcoran is here, from a four bedroom home in tennessee. really surprised at how far your dollars can go these days. >> and bobby brown will stop by. i remember the first time i wore lipstick in front of my dad, i think he feinted and resurrected in front of me. we have got some advice on age appropriate makeup and some tips from the inside out. >>> let's go inside, ann curry is standing by at the news desk. >> good morning once again to everybody. >>> in the news this morning, hundreds of people have been forced from their homes because of flooding in wisconsin and minnesota. in wisconsin the national guard has been called in to help. the good news is that the rain should be easing "today." >>> in colorado, a third big wildfire this month has burned at least two buildings including a home. there are however no reports of any injuries and it's not clear yet how that fire started. >>> a woman who hired two men to murder her husband and his stepson to collect on a life insurance policy was executed last night in virginia. teresa lewis was the

our tour guy, real estate contributor barbara corcoran. beautiful homes, let's get right to them. saraso sarasota, florida, you found a home for just under $300,000, it's got a gated community. >> and sarasota is world famous for its art scene and it also has 35 miles of white sand beaches. this is a big family home in that gated community and it includes the pool, the central pool, fitness center and tennis courts. here's a great shot of the kitchen, it has gleaming marble counter tops. just a nice, easy to maintain kitchen. they have a living room also in here, wait, let me talk about that dining room right there. that dining room is open and spacious, it's a little bit too wiry furniture for my taste, but there's plenty of space and you can do it up how you want. look how big that bed is, can you imagine how big the room is? it makes that big window look like a miniature window. it's not, don't be fooled, it's just the furniture. here's a shot out back and you have a full half mile before you even see your neighbors. is that land going to stay vacant and what's their plans for

barbara corcoran is "today's" real estate contributor. a slang word now. what exactly is a mcmansion? >> anything over 7,000 square feet that's newer is a mcmansion. >> a little oversized and a austentacious? >> it has a lot of -- >> do realtors shift away from them? >> definitely. the house is too big, for people who can well afford it, they're saying i don't want it. it's just too big. >> economy, people don't want to spend it and those houses take more to keep up? >> those are all the reasons and people are more socially aware of their carbon footprint, as wacky as that sounds, and feel irresponsible having a big house. frugal has a new association. it's now not cheap. it's cool and comes with bragging rights. >> if the move is -- if the trend is toward smaller houses, what size house fits into that power alley? >> anything that's smaller than, say, 2,200 square feet is considered a small house. but things have really changed. there's a new move for teeny weeny houses, the equivalent of two queen size beds and they are selling well. >>

here's barbara corcoran. good morning to both of you.ing on in the real estate market right now that might sway you one way or the other? >> people have for the most part, they're not believing anymore that owning a home is the american dream and as a result of that, it's totally shifted what people are doing. 40% of all people who have owned a home are now choosing to rent. that's never happened before. >> lerts talk about the reasons why it's a good idea to rent? >> easy in, easy out. you can move out, you can follow a job into a different market. you can't do that when you're trying to unload a house. >> for most people you want to make sure you're going to be in a house about five years if you want to buy it. and if you're not sureculations, there's a great -- once you figure in the transaction, the cost of the move, it gets expensive and it takes you that long to make the difference on your money back. >> you would rent rather than buy because someone else is going to fix it. >> when you buy a house, you have to count on 1% or 2% of

our resident real estate guru, barbara corcoran is here.20,000 from a four-bedroom home in tennessee to a seattle home with views of mt. rainier. surprised at how far your dollars can go these days. >> and bobbie brown will stop by. she has advice for teenagers ready to experiment with makeup. you both have daughters. the first time i wore rip stick in front of my dad he fainted and resurrected in front of me. we have advice on age appropriate makeup and tips to make girls feel good from the inside out. it counts what you feel like inside. >> self-esteem. let's go inside. ann curry at the news desk, she's got our headlines. >> good morning once again to everybody. in the news this morning, hundreds of people have been forced from their homes because of flooding in parts of wisconsin and minnesota. the governors declared a state of energy thursday. in wisconsin the national guard happen been called in to help. the good news is the rain should be easing today. >>> in colorado, a third big wildfire this month burned at least two buildings incl