real estate, or one day i'm gonna teach you, i'm in the marketplace doing real estate, and guess what, because i do it, i have my pulse on the real estate marketplace. i know exactly how to do it, i know how to do it in your marketplace, and i'm known as america's number-one and top real estate investing expert. and why am i telling you this? because we'll show you and take you and lead you by the hand, and the benefit for you is this: if you're sitting on the other side of this camera going, "you know what, armando? i go, i've tried everything, i've tried other programs, i've tried other things and they didn't work out," this will work if you do exactly what i say and allow me to lead you by the hand. if you're a stay-at-home mom, or you know what, if you're a single mom and you've been left alone and you have children to support and you know that you deserve a better life and you need a better life and right now is the time to get a better life, and you know that you need to do better financially for your family, then real estate and my system, my live events can help get you there

what i do, i actually finance commercial real estate owner occupied commercial real estate for smallsinesses. >> and because it's interesting as you look at the breakdown of jobs in our country over the last several years, it's without a doubt small businesses, and especially businesses with less than ten employees. that's what's driving your business right now? >> absolutely. and my business was up about 143% last year in 2012 over our previous record high in 2011 so it's certainly driving it, no question and as i said, a lot of courageous small business people out there that realize this is a great wealth creation strategy for them. charles: christian, we had quite a few signs of hiccups in the last month. a dramatic decline in job creation november to january and an amazing swoon in consumer confidence, a lot of people really concerned, particularly about the first quarter. how wobbly do you feel about this rebound and your business, and how sustainable is it? >> well, i think, i think you certainly have sort of what i've heard some economists refer to as sort of the plow share ec

wayne rogers is a longtime real estate investor, commercial real estate even.t he thinks about the market right now. take a look at homebuilder stock as well. ♪ great, everybody made it. we all work remotely so this is a big deal, our first full team gathering! i wanted to call on a few people. ashley, ashley marshall... here. since we're often all on the move, ashley suggested we use fedex office to hold packages for us. great job. [ applause ] thank you. and on a protocol note, i'd like to talk to tim hill about his tendency to use all caps in emails. [ shouting ] oh i'm sorry guys. ah sometimes the caps lock gets stuck on my keyboard. hey do you wanna get a drink later? [ male announcer ] hold packages at any fedex office location. dagen: stocks now and about every 15 minutes. the cool looking at homebuilder's. nicole: you know they have had the greatest year. it is down about half a percent. when you talk about pulpy homes, over the last 52 weeks, this stock is up about 115%. the rest of the group has been very similar to that. on this day when fox business

since i was before you last i have engaged in self-study, real estate appraisal; i enrolled in the real estate class in san francisco college. completed all of the required training to the city and county of seven cisco, brown act, sunshine act; once i completed my commission appointment process i immediately began to mentor two young women through the commission process and excited to report that both women received a mission appointments in their respective jurisdictions, sacramento county and the city of berkeley. i enjoy my public service and he will entrust me with another term i promise to remain committed and expand my service to the city and county of san francisco. thank you very much. any questions? >> this is a question that i ask of all of the applicants, particularly for property where four units or less, and its residential. sometimes i get e-mails from homeowners that are getting the property reappraised and how it would be frustrating as far as the length of time to hear back in the financial hardship they may endure during the time period. >> many members of the public

our nation's real-estate market is seeing a real recovery.e prices seeing the largest gain since august of 2006 right before the housing bust. the index is up five and a half% year-over-year, and if that does not convince you the national association of home builders reporting the recovery has spread to more than 70 percent of 361 u.s. metro markets. that's a big deal. some of the things that got hit hardest by the housing bust a loss vegas, phoenix, seattle are all coming back. still, some of the businesses are saying housing should not be looked at as investment. but i beg to differ. let's see what my next guest says. founder of the corporate group. always great to have you on the show. i want to talk to you about the comments. he says y can't think of the houses and investment. >> in addition to what he also said, you're better off renting out and buying. i think he's out of his mind and it's the worst advice you possibly give to anyone in the marketplace. first off, for everyone who is out there renting, they will go up like crazy because

i am a real estate attorney and arrested broker in san francisco. i have been here for half of my life, true in a couple of months. i have been a real estate attorney for the last 15 years here san francisco and for a few years in oakland. for the last 12 years i have worked primarily as a real estate broker. i have quite a bit of experience with the appraisal process. i am a homeowner here in san francisco. that is in true; i have been a renter for the last two months; for the previous 15 years, an owner of single-family homes and a few condos and also the landlord. i understand all of those perspectives. i also was the president and secretary depending on the year of homeowners associations; i have been and adjunct professor; work with the san francisco ethics boards of the san francisco association of realtors. i have sat on the san francisco association of realtors arbitration board. i have chaired the forms committee for the san francisco association of realtors, the education committee and on the california association of realtors form and edu

dennis: the real estate recovery story going on all day. cheryl just recently put up her manhattan apartment for sale. cheryl: they got i found a new apartment because i was worried with the inventory level so low. you have incredibly low interest rates. dennis: how much did you have to cut your price? cheryl: i got asking him for days. when i say money is free, money is free and real estate right now. melissa: not that she is bragging or anything. [ laughter ] ashley: good for you. melissa: thank you. ashley: good afternoon, everybody. i am ashley webster. melissa: i am melissa francis. the housing market kicking into high gear. ashley: zillow economist weighs in on which market is best for buyers. melissa: we will ask the ceo of citi mortgage. ashley: whiteout conditions expected to last well into tomorrow. time for stocks now as we do every 15 minutes. nicole petallides is standing by. nicole: last friday we closed out 14,009. that is our highest close in five years. while we are not too far off from that, about 20 points, we would still

he is america's top real estate investing expert, he has been featured on the number-one real estatest-selling author. he is the most sought-out real estate expert in the world, and has changed thousands of people's financial futures. you now have the opportunity to spend time learning armando's money-making real estate strategies at his live event coming to your area. >> i went to armando's live event, and after six weeks, i made $45,000. i did it. you can do it too. go to his live event. >> four months ago, i took armando's live event and have had two offers accepted since then and look to make about $60,000. >> prior to this, i was in the i.t. and construction industries as a project manager. armando's live event showed me how i can go without any credit or money of my own and get five houses under contract with $160,000 in profit. go to the live event. it will change your life. >> announcer: armando montelongo, star of a&e's hit tv show flip this house, and inc. 500's number one educational company in the country is bringing his armando live event series to your area this week. t

and, monitoring it's effect on the occupancies and values of commercial real estate. as we repeatedly seen, major job cuts and permanent down sizing are continuing in cities across the country. the fire-based economy we have known over our lifetime is rapidly shrinkings and trans forming good a new ice based economy one of innovation, culture - and education. innovation along with it's partner collaboration are being reflected in the explosive growth of the tech sector for each i couldn't engineer hired by pandora or twitter a multiplier effect occurs with job openings create for eliminate oh, mow drivers bare resist at a asks and yoga instructor and is personal finances gore g u r u's and so as we have seen as multimillion dollar facilities being created on both sith of the bay and parts of the rising sports culture tour which we have an abundance of in pot of our cities education is being manifested by the strong and growing influence of our public and private universities in tandem with our expanding healthcare sector. in oakland in 2013, oakland will have three ma

cap rates in real estate are even wider, first time in history. ss. >> kbs acquired an office property in minneapolis. are there real opportunities there? you said in the commercial break you're going big in vegas. >> yes, we are looking at markets where -- where we believe they have seen the bottom or in markets where they experience job growth. we typically spent a lot of time in texas most recently seeing job growth whether through technology in austin or energy in houston. job growth is, you know, put people in buildings. where do you got to go to the people being hired. liz: seems like this is one of these, you've got to sit tight and wait and believe that this asset class is really something. i mean, especially for the guy like you who is filling these reits with assets. >> yes. it's a non-liquid structure. you got to believe in the old traditional buy and hold strategy of real estate. you know, the reason why you want to get into real estate 1 it's noncorrelated to the rest of the portfolio. liz: how do you find a reits? >> local investment

you heard the real estate story on real estate, and all you are worried. your reaction is next.rld. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. never really thought i would make money doing what i love. [ robert ] we crted legalzoom to help people start their business and launch their dreams. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side.

he started on real estate, gathering upg $1,000 in southern california real estate and threw night an worked. >> yes. >> mike montgomery it's a shai. did he let his emotions get away with him. >> seems like they're going let it go. >> t8"$aÑ you larry. >> join me tonight at 9:00 on cable channel 13. coming up more blizzards, yet less snow y this would be the new reality. >> then at 11:00 if you don't have back pain you probably know someone who does. getting treatment zrnt to include surgery. options you'll want to try first. >> jimmy kimmel live tonight's guests andy sandburg, david steinberg and ben harper. >> that it z it for this edition of abc 7 news. thank you for your time. this is the "jeopardy!" tournament of champions. here three former champions. a bartender from west islip, new york... ...a strategic analyst for nasa, from huntsville, alabama... ...and a research chemist, originally from charlotte, north carolina... the host of "jeopardhere is the host of "jeopardy!" -- alex trebek! k you, johnny. thank you, ladies and gentlemen. and welcome. last week, we got our tourname

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you heard the real estate story on real estate, and all you are worried. your reaction is next.

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all the people involved in the industry of creating real estate, selling real estate, financing real tate lost jobs and growth stopped. now that the market corrected to the levels that existed prior to the boom going back to 2,000, you can buy homes in the greater phoenix area and represent. area. melissa: what's changed? >> the prices bottomed. if you are buying at low prices, if you anticipate what the low mortgage rates, eventually, there's interest rates move up with the creation of the money the way it's going on. you will see appreciation in the form of interest driven inflation. i think contrary to what other people have been saying, buying housing now makes great sense. melissa: makes sense. bruce, one of the markets you pick as one of the best buys right now is san fransisco. that's another market that zillow says goes up 7.3% in 2013. i mean, that price appreciation in one year, i -- i mean, it sounds danger. why is it not dangerous? >> it's not a question of it being dangerous or in the being dangerous. the fact of the matter is san fransisco and new york are the two cities

i think supervisors are well aware that the real estate market is red hot again right now, and there are great pressures on renters to be removed from units. i think this is another tool in the toolbox of landlords and real estate interest, to remove us from our units. i've been in my unit since 1988. i could not live in san francisco without this -- without living in rent control, and living in this unit. if i moved, my rent would triple or quadruple. i don't believe there's any enforcement in -- i don't think that the lifetime leases, from what i've seen today, from dpw, and the city attorney, that there are any real enforcement mechanisms. regardless of whether this would conflict with state law, the costa hawkins law, or ellis law. from what i've seen is the city attorney and dpw are in a state of confusion about who would enforce this, and whether they even have staff or finances to do so. so this law is being proposed without any thorough thinking-through of the enforcement mechanism. who would do it, and whether there's any resources to do it. and i agree that there are a lot

moving on >> item 10 a presentation on real estate and maritime revenues for the first quarter of 2012 and 13. >> good afternoon, commissioners aim nate with the real estate division i'm here with my colleagues to present the revenue that came 2012 and 13. without getting into all the details we'll just talking about some of the highlights. our vacancy rate is incredible low compared to our history as the market as a whole and it's due to the supply and demand side. the demand suicides has come up from the economy improving. and some tenants have been displaced who have taken up other places there's not layoff a lot on the port to lease. i should say those vacancy rates don't include the buildings we're in today or the vacant land. the other indicator we use is the annual revenues that has been hoover over 4 percent. the bigger story is we've got one account that repeals half of the out standing amount and once we're able to resolve that the delinquent rate will drop. now predictably we lost money in the industrial space storage facilities and parking lot this was due to the america's

i think retail real estate is in a very good situation right now. what we've seen over the past two years have been improving occupancies, and in many of the better markets we're beginning to see rental rate growth. this is largely driven by the fact there is very little new construction of retail centers going on in the united states currently. and,wálooking to grow have to find space in the existing centers in order to fund and continue their growth efforts. >> tom: let's assume that office depot and officemax are successful in combining their resources. does this square footage, that presumably would become vacant in the years ahead, actually help relieve some of the pressure that you're seeing today? >> well, what we would say is that these two tenants are still relatively small when compared do the total pie of retail real estate. when we looked at the reits in our coverage universe, we found that combined office depot and officemax were in every case at less than 2% of the rental revenues for the reits in our coverage universe. so together, th

so as we continue with the real estate theme here, homebuilders, real homes with curtains, yes, theye been on a tear. sales are up. new orders going through the roof. prices have rebounded as well. one of the biggest names in that region of the business, hovnanian enterprises has seen its shares of ups and more downs through the years. will this recovery last? hovnanian enterprises chairman ceo and president making his way into the studio to break down the real story. he's made it through the recession. he's coming on to our set next. liz: sticking with our real estate theme today, things are looking brighter for one apartment reit, real estate investment trust after its fourth quarter results. let's check it out with nicole on the floor of the new york stock exchange. nicole: right here on the floor of the new york stock exchange, let's check out this reit on our day where we're doing a lot of real estate from coast to coast. we're going to take a look here at it. it's actually short for apartment investment and management company. you see the stock there is up over 3%. it's this mo

in terms of commercial real estate reits they are performing real well. recommending going to the commercial reit space but are you also strong on the residential? >> we have a reit fund but we own homebuilders in the fund because we think housing fundamentals boughted second half of 11 and we're in 2nd inning of three-to-five year recovery in housing. we think home prices could appreciate six to 8% in the united states this year. david: of course not all commercial real estate is the same. you have commercial real estate in manhattan and have malls outside of manhattan. you have things like the apple stores. i know you're not too big on apple stores right now, are you? >> well we've what seen is apple stores are a huge home run whether in midtown new york or top regional mall. sometimes they can do 6,000 to 8,000 a square foot and sells where huge mall can hit 8,000. david: but? >> what happened, the not a lot of new product launches coming out and massive current sales. it will be hard to have double-digit comp store sales for apple stores in 2013. inst

liz: our focus on real estate doesn't end here.f flock has a look at an area of chicago where condos make a big comeback and paying off for investors who really stuck it through the hard times. >> you are looking at a million dollar view, liz, and a man who knows a lot about million dollar views. a legendary chicago developer, exclusively live here on the fox business network. one of his units up close and personal. stay tuned. you don't want to miss this. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. all stations come over to mithis is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovativesoftware on . dragon is captured. is cnecting today's leading companies to places beyond it. siemens. answers. your financial advisor should focus on

and insurance find it finance insurance and real estate f.-i are those fire we've gone from mostly manufacturing and a little bit of fire economy to the exact reverse we are now over thirty i think it's thirty five percent or something like that is is the fire economy and only eight nine ten eleven maybe it's a lot or twelve percent is what actually here's there's the chart you can see and as that fire economy has gone up what that means is that you know real estate is is going up artificially in price because that's the new economy so everybody's chasing that as manufacturing collapses and what collapses along with manufacturing good paying jobs so you have people not you know they're not getting good paying jobs they're not getting good wages you can see it's now eleven point two percent if i'm reading the chart right and whereas the economy is now it isn't twenty one percent twenty one point nine percent so you know that's what's happened and so the good paying manufacturing jobs have gone away we used to be able to use to buy a house and

a purchase of real estate will count as collateral. pretty much, at wells fargo, we have this process streamlined. i am the front end. after i review the alone, i put it together, put it into underwriting. they will review the file and see if there is a loan file. then you have the of loan) who works with you through the end. so the average time for a 7a loan, which is my focus, about 35, 45 days. if there are other things that need to be looked at, 45 days to 60 days. we are preferred lending partner. we are able to approve a loan up front, close the loan, and then we go back to get the guarantee. i do not have the exact numbers. i should. i do not know how many loans we did last year. it was a lot. i know we were the first lender -- i do not know, historically -- mark, maybe you can help me. wells fargo is the largest in dollar amount by the country and in california, and bay area. we are trying to do our part. we are easy to work with. i have been doing this for four years now. i am pretty good where i can look of something and real

"this is a lot more fun than being in the real estate development business." bentely kurr of irvine, california, decided to leave his full-time job in real estate development during the recession and take on his vision of what is now the "current coaster," which is turning heads - and making sales. "people are buying it in this down economy. we are getting all kinds of positive feedback from all different demographic segments." and the bicycle industry is poping, totaling $6 billion in 2011. also in that year, sales for adult-sized bikes hit 11 million units, which is 70% of the market according to the national bicycle dealers' association. these numbers were reason for kerr to believe his product could be marketable. will skeeters is the manager at two wheels one world, a local bike shop in costa mesa, california, and says that the current coaster is rolling off the shelves and giving customers that extra smile. "it brings them back to their childhood. typically a scooter was for a kid, and now an adult can ride a scooter and have the same enjoyment." "my fir

real estate.er on something is happening in the music industry that hasn't happened in nearly 15 years and it could be music to the ears of investors. we'll tell you what that is when "street signs" returns. >>> check out shares of home depot. they are having their best day in six months after reporting better than expected earnings. hd having the most positive impact on the dow as well, that's why the dow is the outperformer of the day. it's the sixth best performing blue chip year-to-date. despite that, let's bring in consumer retail analyst. what are you seeing that maybe the market isn't, laura? >> well, what we're seeing is a ten-year average multiple of 16 times. this should be the fourth year in a row that home depot reports mid single digit growth in same-store sales. tough to argue on the fourth year you're anywhere other than mid cycle. the housing numbers are strong but home depot issued disappointing home guidance today. 337, 16 multiple gets us $54 price target, which is a lot lower t

coo of monmouth real estate investment corps, mnr. it's been a terrific outperformer.e heard the story. stay with cramer. >> stay connected to cramer on madmoney.cnbc.com.