that was jed kolko of trulia. a study just out from the firm finds the year-over-year increase in home prices in silicon valley and other communities are in line with -- not ahead of the national trend. residents in west virginia. are getting the all clear signal from the governor- their drinking water is safe after extensive testing. to start with with the testing of the water one part per million we went way beyond that we 10 parts per million, we have the epa who also oversees these water companies and so forth." the spill happened a month ago leaving tens of thousands in west virginia without safe tap water. last week residents still complained about rashes and headaches. the company behind the spill-- freedom industries was exempt from inspections because it only stores chemicals. lawmakers are considering new rules. subway is changing its bread recipe. the chain is removing a chemical additive from all breads, following pushback from food activists. 57 thousand people signed on to the movement launched by bl

and jed kolko, rent versus buy.r, and you can see the ukrainian money really blows through $10 to one. >> coming up in the next hour of bloomberg television and radio, former chrysler ceo robert nardelli on turning around blackberry. this is "bloomberg surveillance." ♪ . >> markets moving higher on the back of the record of corporate cash. can you use cash to sustain your stockmarket boom? we speak to airbus about a plane. why a plane when the battery works? and brady is up in the otto when he goes before the committee on the scarlet fu twist a account. good morning, everyone. we are live from our world headquarters in new york. this morning, scarlet fu, adam johnson as well, and our guest host for the hour, robert nardelli, joining us for his expertise on chrysler and home depot. the chief economist of the bank of england says that there is no plan to raise interest rates anytime soon. this happens as the fourth quarter gdp report was unrevised. economic data in the u.s. meanwhile, any moment now we have got those

. >> jed kolko, thank you for breaking that down for us today.n is making a move to boost its software presents. have acquired double helix a gaming and they say the acquisition is part of an ongoing commitment to build innovative games for customers. they also announced a deal with freewheel yesterday. cory johnson is back with that. >> i do not know amazon had an ongoing commitment to provide games to customers. brad stone, did you know amazon had an ongoing commitment? >> may have been doing it during the app store and kindle fire. getting into the publishing and creation of games is a little bit new. i look at it as running the same playbook. the top 10 most popular ebooks, some of them are published by amazon. there are 10 great new pilots. it is in books, video, and now games. >> the technarati -- nerds who cover -- >> are we? >> yes. you feel the speculation, proof that they will make their own game console. there was similar speculation about the eu reader. do you think this is like all of the other speculation or is this kindle? >> it is

joining us right now with more is jed kolko, the chief economist at trulia. jed, what do you think? weather or is there something much bigger going on? >> good morning, becky. i think the weather hurts construction and sales activity but by much less than people think. given what happened in the polar vortex in january, the weather probably knocked construction and sales in january down by 1% or 2%. now, that sounds small. the reason for that is, it actually wasn't the coldest january ever. it wasn't even the coldest january for the past decade in the northeast or the midwest. it was dry and most construction activity is in the south and west. that had a better january than the northeast and midwest did. so it's not mostly about the weather. >> diana just laid out this huge argument about affordability. is that what's kicking in? >> affordability is definitely part of the story. cost 20% more to buy a home now than it did about a year ago, even more than that in the west. there's also uncertainty on the mortgage side. lots of uncertainty about what's happening with rates and the new