a flurry of strong earnings reports says realtors hoping companies will step up hiring soon, which will mean more homes sold. the national association of realtors is optimistic despite the report showing sales of previously occupied homes fell 5% in june. >> and federal stimulus money to buy and rehabilitate foreclosed properties. as abc 7 reports, first fires are now moving in. >> reporter: maria is a full time worker and by this time will be a first time homeowner. >> now, i have them to look up to me and say hey, my mom, she did it. it's awesome. >> reporter: she's buying the first bank-owned property the city of san jose bought, fixed up and sold with the help of federal stimulus money. there are two grants totalling $30 million. immediate impact is a much-needed boost to the construction industry with the program, we have 2 homes now and there is about five under construction. we're able to get folks back to work. >> a neighborhood stable saigs program hopes to rehab 200 foreclosed reports and four zip codes. >> it's good. gits for the neighbors. and this doesn't look as bad as it

well it wasn't because realtors weren't trying to sell the land. everybody thought san francisco would expand eventually. all of these real estate guys were trying to sell lots and nobody was buying. it was cold, foggy. there was no good transportation. it just wasn't a good buy. but then one of these real estate guys, who owned a couple of blocks just south of sutro, saw these cars lining up and saw the popularity of them. he decided, well, if you can't beat them, join them. so he made a little deal. he bought 50 old cars, dragged them out to his land just south of sutro in the sanddo you knows. and he said, if you buy a lot from me, $35 up front, $7.50 a month, i'll toss in two cars. so you can pretty much move in today. it's like a starter home. and it kind of helped get attention to the whole thing. he built what he called novel seaside cottages. so this is one of his novel seaside cottages where he basically elevated these cars to a second story. here's one in construction. and off on the right there is his little real estate office, in anothe

the realtors also object to residents having no choice but to use them even if they don't want them.>> tomorrow apple officials will do something they rarely do. talk to reporters about a negative issue. it's an issue that bolster's competitors products. the unprecedented news products comes among mounting complaints about iphones which consumer reports previously said it would not recommend. tom vacar is live in emeryville with more on this. >> reporter: take a look at these, they are called cell towers, and you will see them more and more. >> this will be my first internet type found and i'm buying it because i believe it's a superior product to the iphone 4. >> the drake family has become one of the biggest products we sell here. the ability to have whatever apps that you desire. >> with the droidx i think they are just procedural problems because it just came out this morning. i think the smart phones are great, and mostly 99.9% of the time i think they work very well. >>> apple's greatest are leaving the doors open to competitors. >> i also feel by the time i'm ready, i need to

we've got to do something about the realtors. the realtors and the real estate brokers are a major political force in louisiana, alabama, mississippi, and florida. i'm hearing from them constantly i'm not sure whether or not legally they have a valid claim. under my facility or, frankly, under existing law. my facility is purely voluntary. the realtors have every right, if they so desire, not to opt into the facility and litigate. i'm not sure they can win this they litigate in terms of their perceived injury. maybe, maybe not. but i do think, congressman cohen and others, the more i visit the gulf and listen to real estate owners, renters, home owners, brokers, the more i become convinced that if i really am going to do justice here, we've got to do something. we've got to do something. and i'll have a better handle on this in the next week, i think. but i am very cognizant of the concerns expressed by realtors and real estate brokers about the injuries they're suffering as a result of lost contracts, lost commissions, inability

now as to the realtors. we've got to do something about the realtors. the realtors and the real estate brokers are a major political force in louisiana, alabama, mississippi, and florida. i'm hearing from them constantly i'm not sure whether or not legally they have a valid claim. under my facility or, frankly, under existing law. my facility is purely voluntary. the realtors have every right, if they so desire, not to opt into the facility and litigate. i'm not sure they can win this they litigate in terms of their perceived injury. maybe, maybe not. but i do think, congressman cohen and others, the more i visit the gulf and listen to real estate owners, renters, home owners, brokers, the more i become convinced that if i really am going to do justice here, we've got to do something. we've got to do something. and i'll have a better handle on this in the next week, i think. but i am very cognizant of the concerns expressed by realtors and real estate brokers about the injuries they're suffering as a result of lost contracts, lost commissions, inability

. >> he's a realtor experiencing pain from multiple angles and there is really unique perspective.ga has seen the foreclosure crisis up close. tonight giving us a glimpse on personal toll the melt down is taking. this realtor saw the crisis through the eyes of his children, found his daughter crying. >> saying very no friends. they're all moving away. >> many childrens' friends were moving away in the middle of the night. their parents so embarrassed by foreclosure they couldn't fwir say goodbye. >> i remember nestor. i'm sorry. he came to play with my kids one day. and... he was very sad. and wasn't talking a lot. and i didn't know. i thought he got in trouble at his house. that was the last time we saw him he finds himself rg to prepare his 6-year-old and 9-year-old to losing their house and he, himself has been turned down by jp morgan chase three times for a loan modification. they say he didn't meet income guidelines. he received an offer and on the same day, he received a letter of denial. and we met him with the chief of the making home affordable program. >> seems to-to-me

. >> i am president of the corona heights neighborhood association, a local homeowner and a local realtor. at corona heights hill, it is unique and in desperate need of some repair. it is for safety reasons. we have been concerned for some time. the trail restoration project is described as something the neighbors support we urge the commission to support it. i know this is an action item on your agenda. >> thanks for your patience and sticking around to tell us that. >> my name is damian, and we are speaking as a longtime san francisc andan/-- san franciscan. hello i am not breaking rules in supporting the next measure as well. this is for support across our urban landscape. i heard this recently on in pr. some of you heard regarding the renaissance and getting to know the places they live. so on returning to the home town of oakland to living in paris for several decades, she wrote, the trouble with oakland is that when you get there, there is not any there. she is referring to parks that were sacred to her. not that long afterwards across the bay, josephine randall proposed the city bu

aboutgot to do something the realtors. the realtors and the real estate brokers are a major political force in louisiana, alabama, mississippi, and florida. i am hearing from them constantly. i am not sure whether or not legally they have a valid claim. under my facility or frankly under existing law, my facility is purely voluntary. they have every right not to opt into our facility and litigate. i am not sure that they can win if they litigate. maybe, maybe not. but i do think the more i visit the gulf and listen to real estate owners, renters, homeowners, brokers -- the more i become convinced that if i really am going to do justice here, we have got to do something. we have got to do something. and i will have a handle on this within the next week, i would say. i'm very confident of the concerns felt by realtors and real estate brokers about injuries they are suffering as a result of lost contracts, the inability to sell a home, the inability to grant -- rent. i am working for the people of the gulf, not the government

in exhibit h of the d.r., supporting evidence points out that the california association of realtors requires that the sellers must disclose material facts that affect the value and desire ability of the property, including known conditions outside and surrounding it. the presence of known wireless facility on a nearby property may create problems for property owners. property owner in the neighborhood, should they place their property on the real estate market. it is not in the best interest of the property owners and tenants. please vote to deny the permits for this location. thank you for your time. >> thank you. >> good evening commissioners. i am a marina district resident. before you came today, it is the question of whether t-mobile should be granted an accessry use permit proposed at the location under discussion. the wts facilities guidelines were adopted by the city in 1996 and supplemented by the planning commission in 2003. these guidelines require a conditional use permit in a neighborhood such as the one that 2010 chestnut is located. additionally a presence five locati

local real-estate programs will give special support for bayview based realtors. 0.5% of every market rate home sale will go into a bayview community benefits fund. that will benefit the bayview community. there are also robust community facilities. the project provides for library space, an arts center, 65,000 square feet of retail and community facilities that could be used for small-business is expanding in starting up, and other related community services. all of the projects have public benefits. the additional community benefits are targeted at eliminating poverty and improving the overall quality of life for southeast residents. you have heard opponents say that the bull market housing rate program does not target the needs. this is a breakdown of the full scope and range of affordability we are talking about. it starts with those with little or no income at alice griffith moving all the way up to the traditional affordable housing targeted at 60%. we believe we can get it closer to 50% to target seniors and other special needs. it will include those of moderate income and thos

fellow phoned and said he had a building i would be thrilled to inspect early 50's building and the realtorsld him this would be a great building. 3 violations i hole in the ceiling in the garage. because the building had never been altered. the only thing we could enforce were weather stripping he had it and smoke alarms he had it. we come into buildings where people built out the garage and attics with no permits and it's a totally different issue. >> i'd like to add when that does happen they have to be brought up into compliance. they will be looked at today under the 2001 california building code and come january we will look at the 2007 california building code. >> yeah. my third question remains, is there a separate category of criteria that have to be met such as common area that may be wouldn't be required by the building or housing code. or the same is qualifying for an apartment building? you see what i'm saying. everything is based on the california building code today. >> the common area you decide in your ccnr's? >> what you can do is you can look up on the internet look up con

as reporter peter doocey explains, the realtor says that now is the time to buy. >> usually, we haveo worry about bad plumbing or bugs but there are some americans who are looking for homes in iraq where they have to worry about bugs, government corruption but if you are okay with that, 4 x realtiy consulting may have the house for you. they have 25 listings online, perfect for the business traveler, international student or someone looking for a dramatic change of scenery. we saw an amazing potential in a country emerging from conflict with a lot of potential for economic growth and investment coming in. and we truly believe that the key to stabilizing iraq is economic development. and there is a great way to do just that. >> reporter: because the houses are in iraq, it you would think they are cheap but most properties range between 300 and 800,000. so far, they have sold five without ever leaving their couch in st. paul. they have never even been in iraq. they rely on their colleague in baghdad who they hired off craigslist. they say it is safe, even though there has been a war go

for the national association of realtors will release its report on existing home sales by the federaln the the reports on its index continental airlines is adding an strong recovery continental says its net income in the second quarter was $233 million these companies are combining with united and ual corp. to form the words biggest air lines. there may be another snag in the efforts to permanently plug the blue note well in the gulf of mexico this of your weather may sap pp from drilling and other relief while forecasters say there's a 40 percent chance that the storm will become a tropical depression or storm, if the weather does pose a threat the capital well may have to be reopened allowing crude to gush into the sea again. in washington today lawmakers will meet to make sure the victims of the gulf oil of spoke are fairly compensated. coming up, we'll have a live interview with mike mccarron about a suspicious fire that took place in san francisco international welcome back, back toward developing story that we're falling overnight car fires in the long-term parking lot of damage

she sounds like a realtor now.eanwhile, sandra bullock's publicist confirmed that she and jesse james are officially divorced. it was finalized in texas last week. i guess something happened between them. i'm not sure what. all i know is that jesse just popped up on j-date, so -- i want to try something fun tonight. why shouldn't the show be fun? we're going to play a game with a couple of our home viewers on skype. skype is great. you can actually, like, see people while you're talking to them. ring them up first. our contestants, from sacramento, leslie, a fourth grade teacher there. hello, leslie. how are you? >> wonderful. so excited to get this started. >> jimmy: excellent. and from seattle, washington, cory, who is a college student there. where do you go to college, cory? >> university of washington. >> jimmy: all right. now, the first thing i'm going to need you to do is take off all your clothes. just kidding. this is kind of a combination of a scavenger hunt and "let's make a deal." i'm going to name an o

we are working with the realtors, the home builders, low income housing advocates, bankers to figure out what is the next step. but again i want to stress the first parts of this financial system to be drastically reformed for fannie mae and freddie mac because hank paulson has the document in his book used the powers we gave him, the democratic congress to put them in a conserveship. the way they're waiting now is nothing the way they were operating when they got into trouble. >> charlie: hank paulson continues to say he does not have the power to avoid a lehman brothers bankruptcy. >> he didn't at the time. he would now. >> charlie: that's right. he makes that point. so you agree with him that he didn't have the power to avoid a lehman brothers bankruptcy. >> he did have the power which we gave him in our bill to put fannie mae and freddie mac into conserve tership and he did that and that was helpful. >helpful. >> charlie: did he have the power that time. >> no. he had the power, what lehman brothers was able to do was go bankrupt without any protection of what the impact would be

but while prices have indeed risen in places, economists are still worried about what realtors call inventory is the number of homes, old and new, that are on the market. and inventory is growing in the bay area market, which is a huge geographic region, inventory is up 16% in the last three months. so in other words, there is demand, yeah, but there's also growing supply. >>> are you familiar with zip cars? you sign up and you can take a zip car from a special parking lot pretty much anytime you need one. it's a green alternative to actually owning a car. now, the santa cruz sentinel says this morning the zip organization, brent and laura, is expanding its operation in santa cruz, so not just the university there, but further than that, they say one of the advantages of zip cars being part of it is you make decision as to whether go get that car or just walk. there are times that if you owned a car, you'd drive down to the corner market. if you don't, you would just walk. >> kind of interesting. >>> well, some guys could go to jail for a stunt involving a parastunting donkey. we've got video

and softer some encouraging signs of growth from europe we're following the national officials are realtorsthat previously sales fell and economists were expecting sales to drop as well so they're prepared for that we are seeing some positive reports have an effect on wall street the dow has been up all morning since the opening bell rang at 630. we are also are calling the greyhound bus crash that happened early this morning in the fresno on highway 99 this is a live shot from the sheen that is what is left of the bus were inserted by people ron rohr board six people were killed in this crash others were wounded it happened at 2:00 a.m. when the bus or swerved to avoid another crash slammed the bus into the center divider and then into that treat that was about to 2:00 pm the bus had left last angeles last night there was on its way to sacramento stepped in fresno and was continuing when the crash happened ever since the crash northbound lanes of highway 99 have been closed. we will be right back with the kron 4 morning news, weather and traffic in just a few moments. and we'll talk to gar

no one knows neighborhoods, markets and price point options better than a local realtor. this works in the bill existing outreach program and does not increase the cost in any way. nfip should work with realtors to increase their knowledge of the program and notify them when areas are added to the floodplain area and a keep them up to date on the flood program itself. things change all the time and nfip should communicate directly to them on how they can help their clients take advantage of the program this dovetails nicely with the way they have other issues. the fact that the program expired in 2008 and this congress continues to do short-term extensions. we need to extend this program for five years. mr. chairman, i reserve the balance of my time. the chair: the gentleman from new york reserves his time. does any member seek recognition? mrs. capito: i seek time in opposition though i'm not opposed to the amendment. the chair: the gentlewoman is recognized for five minutes. mrs. capito: i thank the gentleman for his amendment. i raise questions about the amendment for

the flood insurance reform priorities act, which will provide stability necessary for businesses, realtors, homeowners, and plan effectively to reduce the potential economic loss and cost of repairing damages from future flooding without stifling and preventing otherwise safe development. as fema works to update and modernize flood maps from communities across the country, thousands of families across upstate new york are facing a new requirement to purchase flood insurance as they are remapped into new flood zone boundaries. it is imperative that these maps are accurate and protect our communities without unnecessarily burdening them or stifling economic development, especially during these very tough economic times. h.r. 5114 seeks to strike the proper balance by allowing property owners a sufficient grace period to account for the need to buy flood insurance or appeal the determination that their property is within a flood plain and also phases in flood insurance premium rates over a five-year period beginning as soon as the property owner negotiates the flood insurance policy. in recen

but the tax credit did expire at the end of june an the national association of realtors numbers recently out this week, it shows that home sales have been falling. so we will have to see what happens going forward. >> okay, let's get a little advice for the buyers and the sellers. if you are thinking about selling your home and you live in one of the three zip code, the oakland, the berkeley the san jose zip code, what should you do? >> if you're a seller and your home is not a distressed home, the key is make sure it shows well. we have a lot of foreclosed properties in the area and if you have a home, make sure it shows well. >> and if are you a buyer, we have an offer evaluator tool which is where the data comes from and you can look in your area and see whether your homes are going over or under asking and you get a good sense to find out what to offer. >> there are micro climates in the bay area when it comes to the housing mark. and any other area that you have your eye on right now that things are moving and shaking? >> around the bay area? well, things are changing so much right

it was lea to help me find a realtor and a house, and to settle in washington.ur children are about the same age. we had so much fun. it was a very great relationship. many times, we had the opportunity to take a boat that was offered two different secretaries of the department. many times we would float to washington's house and floated back again. this man, as was mentioned, made the national parks come alive. we would take the ladybird johnson down the rapids. he recognized that it was a live entity that we could be proud of. we had medicine places that were very important to us. he saw the story of the national parks and it just made his heart feel so good. a living part of e were. his relationship with native americans has already been said. they are our relatives. we think of them that way. i want to tell you that these last few years, serving with him on the board he chaired saying how precise he was, we did some wonderful things together. he was such a remarkable man because he was but a friend and thinking all the time about expanding the opportunities

the insurance to replace the house, that the house alone has been called out by two different realtors as now worth barely $100,000. in short at $500,000. host: sheila, i have to interrupt because we understand the big picture of your story. we've got a lot of people on the line. what is your message to government based on your own situation? caller: i message to the government is, we've got to get a real grip on what it is going to take for all of these americans who are losing their homes -- and it is because of this crazy taxing system that we have that we are being taxed right off of our properties. we cannot cover our expenses. so, as a community, we are going to have to get our government ought to quit spending money they don't have building other nations and getting back to building our own country before we wind up with nothing to share with the world. host: sheila, good luck to you in maryland as well. you heard the news that governor blagojevich will not be testifying and the defense rests. here is "the chicago sun-times" a photograph. and "the chicago tribune." "the washingt

it's a bipartisan bill, has been supported by the national association of realtors. this is pay-go compliant since the program is required to pay for itself. the one thing to remember about this legislation is it simply gives americans the option of buying coverage of getting some peace of mind. the issue is far too important for us to wait around for the next round of storms like katrina or ike or gustav to roll ashore and leave far too many families with nothing. this bill is a simple and effective way to permit people to purchase insurance so that the next storm does not leave them high and dry. i reserve the balance of my time. the speaker pro tempore: the gentlelady reserves. the gentleman from texas. for what purpose do you rise? mr. sessions: thank you, madam speaker. i want to thank the gentlewoman, the chairwoman of the rules committee for yielding me this time, my friend, ms. slaughter. i, madam speaker, i yield myself such time as i may consume. the speaker pro tempore: the gentleman is recognized. mr. sessions: madam speaker, this will be the 34th time i'