. >> reporter: realtor is homeowners say to take a piece of the mortgage interest deduction right now would taka away cash from the pockets of hard working families but could to help things grow sometimes have you to cut back. silvia was taking advantage of the mild weather to get the roses in shape for spring. she and her husband were some of the first to live on this street and the one thing they have gotten every year is a nice deduction on their taxes. she said she is more worried about her children and grandchildren if the state takes a piece of the interest deduction. >> i think that would be quite hard for a number of younger people, particularly in our case it wouldn't impact us so greatly but certainly younger people who have large mortgages and are unable to take as much off. it's definitely difficult. >> reporter: the governor's proposing to cap the home mortgage deduction for taxpayers making over a hundred thousand dollars year. if the income was more than 100,000 you would see a 10% reduction. if you make 200,000 or more the reduction would be about 20%. >> tell your leg

why realtors and homeowners want the governor to stop what he is doing. >>> and a school shooting in ohio has three students dead. today how teachers will look for guidance after police say a teen opened fire. >>> and her fans say lyrics have given them hope. bullying message lady gaga will promote beginning today. those stories and much more ahead on this wednesday february 29th. good morning i am charley crowson. >> i am megan pringle. happy leap day is what i think charley was implying. we will check in with jamie costello live at gbmc talking to leap day baby parents but first lynette and see how the weather is shaping up. >> good morning. temperature wise, not so bad this morning. we have lots of clouds out there. good morning manchester. you are right around 38. cockeysville at 36 and chestertown 30 degrees right now. good morning northeast 34 degrees and centerville good morning around 35 degrees. so, temperatures coming in a little above average. once again, this morning, as you head out the door, yes you will need the coat. but make sure to take the rain code because -- coat

realtors say such a hit would affect one of the biggest benefits to people. they say it would also do another thing to discourage people from buying a home. the maryland association of realtors said depending on the value of the home many families stand to loose thousands of dollars in tax deductions, they say they have been educating people about how this would affect about one in five hard working maryland families. >> we are trying to make sure homeowners understand the effects of the proposal and obviously they trying to convince legislators but it's not one that will help the state or the economy in the short run. >> reporter: they said they will hold a rally next wednesday morning outside of the state house to try to help convince lawmakers to vote against it. we will have more tonight at six. abc 2news. >> tonight's two teens missing. police say that the 14-year-old and her 15-year-old brother were last seen yesterday morning. the teens never made it to school. police are asking anyone who may have seen them to call the police. the number is on the scr

. >>> a realtors will rally against the plan to cap interest deduction. linda so is standing by live with an explanation of what's to come. linda. >> reporter: at 9 this morning realtors will rally outside the statehouse against the governor's budget proposal to reduce income tax deductions for high income earners which would cap mortgage interest deduction. they say reducing the benefit will make it harder for people to become homeowners. the rally will last from 9 to 11 this morning and all realtors and homeowners are vinted. the group has been mounting a campaign against the governor he proposal using ads and onlinevideos. linda so abc2 news. >>> there's a fight to repeal the same sex marriage bill that passed the general assembly. maryland marge alliance will fight to preserve marriage in maryland. governor o'malley plans to sign the bill tomorrow and it would go into effect next january. 56,000 signatures are needed by the end of june for a referendum to be placed on the ballot in november. >>> the democracy 2012 politics and mitt rom any celebrating

but the drop in home the sale of existing homes. phe realtors group says four-point-three percent inlanning to hang on t some of your tax you aren't alone. americans plan to ssash some of the cash they get from uncle saa, survey by the national retail federation. just 12-intend to spend their refund on a major splurge -- television. about two-thirds of americans are refunds this edgar treiguts------nd-----m - cnn.scriptt---- coming up... adele... fights back.who she &pgave the finger to... in an acceptance speech.. and why. why.the debate over legalizing same sex marriage continues megan gilliland, when weecan vote. &p3 3 3 3 3 3

. >> and upper with realtors.y were upset enough to march on the capital in annapolis. >> the governor is proposing a cap. rebecca cooper has a look at the story. >> 400 maryland realtors withstood the rain. the frustration for real-estate agents and home buyers in maryland today. a new bill getting hearings in annapolis that would reduce by 10% the amount you can clamper itemize deductions if you make more than $100,000 a year. >> mortgage deductions and property deductions account for 20% of all deductions in maryland. donna edwards or is it will reduce incentive to buy new homes. jobs in construction, finance and other areas will be heard. >> we do not need a blow that will hurt to the recovering housing. it will reduce jobs and income for the state. >> many homeowners trying to budget -- juggle their own budget agree. >> it is hard enough to buy a home today. i did not think it is a good idea. >> some people say they are sympathetic that they need new ways to pay for top priorities. >> could is something i dep

of then they got to hire a realtor to sell it again. in the meantime, they're paying the property taxes and the maintenance on the house. >> reporter: it also means homes will not be vacant and subject to vandalism as they often are in a foreclosure. homeowners get to avoid the financial and emotional implications of a foreclosure and get a little cash in their pocket to start over. the banks are not saying exactly who they're offering these incentives to or why. realtors say if homeowners find themselves underwater this, is something they should explore with their lender. >> and more coverage on the mortgage plan on our website. we have links to the resources you need to see if you qualify. >>> gorgeous weather out there today. but big changes into the weekend. we have cloudy conditions and even spotty showers on tap for tomorrow with temperatures about 5 to 15 degrees cooler than today. saturday, decreasing cloud cover. sunday, the clouds come right back as we see a second system take aim at the bay area. here's a look at storm tracke

well it wasn't because realtors weren't trying to sell the land.as 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 another old car. and jacob heyman this guy really struck gold because he zug in the sand looking for water -- dug in the sand looking for water and hit the ackqua for. s

police say he used to be a realtor so his lease documents looked legitimate.police say he works for the national alliance of homeowners for justice which thinks this is lawful because of loopholes in the law. >> put a notice on the door saying he was going to take, in his words, adverse possession and rent the home and then he files paperwork with the county indicating that he has lawful possession of the home. fraudulent paperwork. and then rents the home on craigslist to someone who thinks they are renting a home. >> reporter: police in walnut creek became suspicious when a realtor represent entering one of homes went to check on it and fond a family living inside. the investigation grew. -- they believe this has happened in hercules, brentwood and antioch. they say they won't be if more victims come forward and possibly more arrests. at this point, salazar is the only one who has been arrested. fist his court appearance is set for next week. police think more victims will probably come forward if you know of anyone who this may have happened to, they encour

and thinking any licensed realtor should be able to do that for you free and make sure the sprort not in foreclosure, and good advice because almost any of us can be a victim. and almost happened to kgo 810 morning news anchor jenner jochblts. >> and we found a great hour, i thought waits too good to be true. listed under $1500 z fabulous house, pool, nine yards. i thought it's down the street i've got to check it out. >> and she checked out her phone shall landlord and good thing, too. she found out it was a scam. >> that is scary. tu and at long last rain is actually on the way. >> so there is some proof on life doppler 7 hd. >> there is proof. and it's in the form of green on the screen. there is not all reaching the ground. i'll show you what's happening. there is moisture. there is a very own doppler that is picking up some moisture, there is some light showers, not a lot measuring. could be seeing light rain around cloverdale. heavier stuff is coming up. and there is rainfall picking skup becoming stormy overnight. so there is a wind advisory and gusts as high as 50 out of the s

in fact, realtors say their biggest problem is a shortage of the homes on inventory. i will have more on that story tonight at 6:00. >> all right, erika gonzalez. thanks, erika. >>> a loss of a legend today. don cornelius you can the creator around host of the iconic tv dance show "soul train" died today of an apparent suicide. >> i'm don cornelius, and as always in parting we wish you love, peace and -- >> soul. >> it was big in the day. cornelius was found dead early this morning at his home in sherman oaks, california. police investigating but believe he died of a self-inn inflicted gunshot wound it started in 1971 and aired nationally until 2006. it was the first to feature primarily african-american dancer and musical artist the. don cornelius was 75 years old. >> what a set of pipes he had, too. >> amazing what he accomplished in his lifetime. >>> when we come back tonight on news4 at 5:00, they call it the tebow bill, could change high school sports in virginia. >>> a massive recall, 1 million packets of birth control pills being pulled off the market. >>> what

realtors say everything from the mega mansions to starter homes will sell. it has some jumping back in the seller's market. >> we have the sellers and the agents getting prepared to get their home on the market so they can capitalize on these new found millionaires. >> we have to investigate some of those homes. the demand for housing in menlo park expected to remain steady as facebook plans to hire hundreds more. >> dell is also expanding and bringing hundreds of jobs to the south bay. it has 250 workers in the building in santa clara. the company plans to expand into a rnlg laer adjacent building in june that will allow a company to add 600 employees to its silicon valley hub. it expects to have 1500 employees in santa clara. >> breaking news, spring will not come early according to the most famous groundhog. >> as i look at the crowd on gobbler's knob, many shadows do i see. six mor weeks of winter it must be. >> that is the official announcement from gobbler's nob in pennsylvania where punxsutawney phil saw his shadow. another six weeks of winter. it has

police say he used to be a realtor so his lease documents looked legitimate.police say he works for the national alliance of homeowners for justice which thinks this is lawful because of loopholes in the law. >> put a notice on the door saying he was going to take, in his words, adverse possession and rent the home and then he files paperwork with the county indicating that he has lawful possession ofhe home. fraudulent paperwork. and then rents the home on craigslist to someone who thinks they are renting a home. >> reporter: police in walnut creek became suspicious when a realtor represent entering one of homes went to check on it and fond a family living inside. the investigation grew. -- they believe this has happened in hercules, brentwood and antioch. they say they won't be if more victims come forward and possibly more arrests. at this point, salazar is the only one who has been arrested. fist his court appearance is set for next week. police think more victims will probably come forward if you know of anyone who this may have happened to, they encourag

where i understand realtors have been ringing off the hook because they're seeing a halo effect already. >> reporter: real estate agents say homes are selling after multiple offers. the facebook ipo will give employees lots of buying power. and that competition is expected to drive prices higher. the real estate market in menlo park is already hot. this two-bedroom, two-bathroom bungalow, is about to close over the $1 million asking price. this neighbor is a renter. he worries that the ipo employees that are about to hit this jackpot will make it impossible to wiggle into. >> it's murder because we can't afford to buy. and it's driving up the prices. >> reporter: bidding wars are back. and it's not just in menlo park. >> we've sold homes throughout palo alto, and los altos hills to facebook employees. >> reporter: realtors like the ipo almost as much with facebook employees. with a limited number of houses on the market, competition pays. and sellers are calling. everything from high-end mansions to million-dollar starter homes will sell. >> we have sellers and agents preparing to get t

thanks this remix realtors says he expects more phone calls from facebook employees now that many will have more money to purchase a home. them as some buyers are saying that they want to buy before the ipo happens, also, some clients who have already raised money for the secondary market, we have been told more than one dozen people will be made millionaires by the ipo. >>justine: much more ahead on the kron4 news. aha this is what is happening now on the james lick in san francisco. we do not see any fog or major traffic issues. here is a live look fat in pennsylvania. they're getting ready for punxsutawney phil to come out and see his shadow. >>james: let's not go to break just yet. this was watch. if she >>justine: he is the most famous groundhog in the world. and it is a huge crowd there, 15,000-20,000 people there to witness his prognostication. if he sees his shadow, winter will hang around for six more weeks. if he does not, spring is on the >> does he see it? >> i like however when get dressed up. >>mark: >>james: if they hold to tradition, everyone in the top hats will confer

realtors discusses the u.s. housing market and later a usa corresponded talks about his papers analysis of state spending for services, employee compensation, and infrastructure maintenance "washington journal" is next. ♪ >>host: the paper's report the capture of a terrorist. the number of people who have been arrested for plotting terrorist attacks in the united states over the past year has risen to 20 in presidential politics the white house says there looking at wreck santorum as a real political opponent. the maryland house of delegates passed to the same-sex marriage bel pre governor chris christie vetoed the bill. it has been three years since president obama signs the recovery act into law which produced stimulus money. vice president joe biden called the investment in critical role in turning the economy around. the rnc chairman reince preibus says there have been broken promises and it has created massive desperately want to get your thoughts on what stimulus money has produced over the last three year

. >> reporter: silican valley's high end car dealers, investors and realtors say they are readying theentory. >> we're chumping at the bit, we've been in the horse stalls for a long time. >> reporter: john pinto with the santa clara association of realtor says after google's ipo home prices jumped 16% in the peninsula. he expects one in every five facebook employees to look to buy. >> in los altos, los altos hill. they'll get the blunt of the benefit. >> reporter: even if papers are filed tomorrow, the ipo likely wouldn't happen until april or may. market watchers think the market would start between 35 and $40 a share. maureen naylor, ktvu channel two news. >>> facebook development team spent this evening meeting with the menlo park to describe their expansion business. the nine building campus has room for up to 3,600 workers. facebook is seeking approval to boost that to as many as 6,600. >>> a program allowing prescreened frequent fliers to move quickly through security will soon be returning to the san francisco airport. it allows participating to move to the front of the line to

. >> reporter: silican valley's high end car dealers, investors and realtors say they are readying theentory. >> we're chumping at the bit, we've been in the horse stalls for a long time. >> reporter: john pinto with the santa clara association of realtor says after google's ipo home prices jumped 16% in the peninsula. he expects one in every five facebook employees to look to buy. >> in los altos, los altos hill. they'll get the blunt of the benefit. >> reporter: even if papers are filed tomorrow, the ipo likely wouldn't happen until april or may. market watchers think the market would start between 35 and $40 a share. maureen naylor, ktvu channel two news. >>> facebook development team spent this evening meeting with the menlo park to describe their expansion business. the nine building campus has room for up to 3,600 workers. facebook is seeking approval to boost that to as many as 6,600. >>> a program allowing prescreened frequent fliers to move quickly through security will soon be returning to the san francisco airport. it allows participating to move to the front of the line to

americans signing contracts to buy previousll-owned homes jumped last month.a national association of realtor'sdex shows pending sales jumped by two-percent... reachinggitss highest level since april 2010. the trade group says atest numbers signal the housing market is headed toward a recovery.the national average for a gallon of gas rose another penny-per-gallon, monday. this marks the twentieth straight day gas prices have climbed.triple-a reports the national average is now three--seventy a gallon. all the penny pinching at big banks is costing them.. &paccording to a j-d power and associate survey, large banks lost around 10 percent of their customers last year, &pwhile small banks and credit unions only losttonn percent of their clients...and piikedd up many who left those big baaks. customers reeooted switchiig because of higher bank ffes and poor customer serviceefor businees brief, i'm edgar treiguts. coming up... go to jail.. get aa i-pod?the reason behind a new rogram... that gives m-p-3 players to inm. &pinmates.a bottle of soda coul soon cost you more.i'm megan gilliland, how mucc t

says he is almost certain the bill will get resistance on capitol hill. >> realtors don't really care whether the democrats or the republicans propose this. we are thankful that the president has decided to take a stand. >> reporter: but he says obama's plan is just what the nation needs to get people over the edge of the housing crisis. >> president reagan said a recession is when your neighbor loses their home. depression is when you lose your home. >> that was erika gonzalez reporting. the president said the application process would also be streamlined so it is easier around faster to apply. he you recalled congress to approve the plan but some republicans already imoppose it because of the costs involved >>> it was a chaotic scene in northwest d.c., a driver losing control of his car clips a mother pushing a baby carriage this all happened at 14th and h streets. the vehicle also hit a building, sending car parts fledding and pedestrians scrambling. pat collins has our report. >> reporter: a one-car, high-speed accident amount sidewalk, the cadillac comes up over the curb. into th

the maryland association of realtors is campaigning to stop all this.rade association says it understands the state has to find a way to balance the budget but say this is bad public and economic policy and they argue the bill would not entice someone to buy a home if the mortgage interest deduction is limited. hearings continue tomorrow in annapolis on this bill. >>> still ahead a judge rules on a plan to add graphic warning labels to packs of cigarettes. top? >> and a high speed chase ends in a massive crash all caught on a deputy's dashboard camera. we'll show you. >>> don't forget we're always on at www.wusa9.com. stay with us. we'll be back. that does it for us. >>> caught on tape a fast and furious police chase caught on a dashcam. the pursuit reached speeds up to 90 miles an hour over ice and snow covered roads in marshalltown, iowa. it all ended when both vehicles crashed 20 feet down an embankment. both people in a fleeing car attempted to run from the scene. they captured quickly. the officer was not hurt. >>> also caught on tape a cab crashes

and, yes, even realtors. >> hey, this is ed cominsky. >> reporter: drones, once our unmanned heroes inar zones are now in the hands of real estate agents. >> 45,000 square feet, priced under $2 million. >> reporter: for ed cominsky, a real estate agent in southern california, it's called a multicopter. and it's a tool to drawing buyers to multimillion properties like this one. >> you can't capture a courtyard with still photography. we can roll through here with a camera, right up top. roll in and out the backyard. it's going to get the best perception of what this home is really about. >> reporter: cominsky says for those who can't come to an open house, it's almost like being there. >> there's a lot of foreign buyers coming to purchase real estate. especially high-end real estate. to give them an opportunity to see the whole property from a different perspective, this is allowing us to do that. >> reporter: while comisky says it only captures private homes with the homeowner's blessing, its ability to see without being seen, has some worried about privacy issues. >> there's no rules

i also want to say when i tried to sell the landmark mansion 10 years ago, every realtors said the fact that it was a landmark lowered my property value by as much as $1 million, because of the limited amount of people who would buy more property. we need to make it easier for people. it saddens me to say this. i personally paid to have the fallon building landmarked. i would never recommend anyone landmarked the property in this city. with the current conditions. i fully support the supervisor proposals. thank you. >> good afternoon. i will start out by saying spur and jim haas's , and some of my feelings about the specifics of article 10 and 11. i support and applaud the supervisor for bringing all of this up for discussion, and for negotiating in such good faith, getting resolution. i am the vice president of san francisco victorian alliance, but i will be speaking for myself today. the issue there is clearly the that my comments are very well informed by my own experience, and that of the other members of victorian alliance, in trying very hard to do thoughtful and good preservation

we spoke to a realtor in hayward who said that today's settlement is a start but it won't go far. >> really, is $2000 going to make a difference? yes. short term. no it a not going to help somebody keep their home if they already lost it. it's after the fact. the focus should be more on people who are in their home and looking to keep them. my first sting is this is an election year. there is a lot of political will. >> i think that's a good idea to try to keep the economy going, keep people their homes. >> i feel it's way too late. i have too many friends already who lost their homes and these guys actually made their payments. >> reporter: this settlement targets underwater homes that are owned by those particular banks that we mentioned. bank of america, wells fargo, j p morgan chase, citigroup and allied financial. not fretty mac and fanny mae. those are lenders used by 60% of americans. how do you find out if you can be a part of this? we have a link on our website listed under web link. live in oakland, i'm tara moriarty. >>> we received a statement this morning from wells farg

realtors from across the state protested art -- governor martin o'malley's proposal to phase out the mortgage interest tax deduction. it would start with households making more than $100,000 a year. >> we are concerned about the effect it will have on consumers. >> it will be devastating for everybody. >> it will be detrimental if this passes, because a lot of the people that want to take advantage of getting a deduction are going to be pushed out garrett kern >> their concerns are being heard. legislators are in the process of working on the governor's budget and say the mortgage interest tax deduction is something that would like to keep. >> if your going to reduce that when people are looking at buying homes, that difference may make the difference in whether they buy a home or not. >> teachers, local jurisdictions, and labor unions are pitching a bit about the possibility of splitting the combined costs of teacher pensions and social security. >> is not workable. it will cause more harm. >> a compromise is in the works. the pension shipped will be phased in in third, over three y

roitarians, lawyers, realtors and here in the 12th district. south pasadena, el monty and whittier. he registered as a republican. up to that time, melvin small claims nixon was a nonideological cent rift. in 1936 or in retrospect, one of his roommates from 1936 and on in the middle of his law school career, individuals should push back against big government and big society and big business. an american can never be free if he or she advocated his or her personal penalty responsibilities to anyone else. nixon did pledge in a letter to perry a letter dated 6 october, 1945 to practice "practical liberalism " as opposed to " that new by nixon's opponent in the 1946 campaign. well, this is a topics that i believe deserves further research and something i will work on. something i wanted to share with you folks today. what are the true roots of richard nixon's conservative political views. those who believe in small government, low taxation, and no state intervention in a free market economy. it's something that needs to be wo appuse ] >> ladies and gentlemen, normally i'm a little irre

regina a lot, and we have also had conversations, actually last week, with commercial landlords and realtors, and so we are getting a lot of feedback, some ideas that people have for potential changes, so we are very open, and we are looking at some of those and would like to hear your feedback. thanks. clerk: commissioners? commissioner dooley: this is great. thank you very much. i have been working on ada compliance issues since before i was on the commission. i just have some questions. is there going to be some kind of codified piece of information that will be required that the landlords give which will not necessarily be written by the landlord? >> part of the conversations we have been having in the last week with the commercial landlord community, and that the city would draft some sort of disclosure statement that would be put in the les or made very visible and translated into different languages and something that the city gets to decide what the wording is and require that that be in all. commissioner dooley: that would mean that when someone is a prospective tenant, the landlord

national association of realtors says sales of previously occupied homes jumped more than 4% in january to the highest pace in nearly two years. also more first time buyers are making purchases. sales have risen in three of the past four months but remain well be economists consider healthy. >>> the new recommendation for adults regarding whooping cough shots. >>> demonstrations turn deadly in afghanistan. the latest on the protests began after u.s. troops mistakenly burned the muslim holy book. >>> an american woman was one of two journalists killed in syria. the report she gave one day be ...with a two-year-old at home. i have two daughters. we have five boys and a large family. i couldn't imagine not having at&t u-verse. like, if we're watching a movie in mom's room, and mom doesn't want us in her room, we just go in the living room and continue watching it. [ female announcer ] call to get u-verse -- now with free hd -- for only 25 a month for six months -- that's our lowest price ever! plus get hbo and cinemax free for three months. if i need to pause something as it happens. diape

. >> reporter: he's with the northern virginia association of realtors with almost 28% of the d.c. homes under water, more than 89 national average, he said it's -- more than the national average, he said it's crucial to keep them from walking away. >> the important thing is that they stay in the home. >> and that price tag could be up to $10 billion paid by the pranks -- banks and that could be one big hurdle paid for by congress. this would be great news for home owners who would like to save hundreds a month but it's not a done deal. in addition to that fee, some banks would have to take a loss on the riskiest loans and as you can imagine, that will be tough to get through congress. >> absolutely. melanie, thank you. >>> and the news edge on maryland, governor o'malley claiming the state-of-the-state is good. calling on legislator to approve gay marriage and approve a controversial gas tax that would hike high prices higher and john henrehan has more. >> reporter: he said the overall state of the state in maryland is good. he wants higher taxes on gasoline to pay for maintaining

. >>> realtors net annapolis rallying against a plan that would cap mortgage interest deductions. the cap is part of the budget proposal to reduce income tax reductions for high income earners. they argued it would just make it harder for existing homeowners and discouraged new ones. >>> and a piece of legislation called the rat control bill was introduced. it was asked so consider banning other states bringing rats into maryland. some other states have put laws that don't let rats be killed or released sot bill prevents them from ending up here. >>> tomorrow in annapolis, the governor is set to sign the same sex marriage bill into law. it would go into effect next january but there is already an effort underway to fight it. a group called the maryland marriage alliance said it'll collect the needed 56,000 signatures to force the measure to a vote on the ballot coming up this november. >>> taking a look at the storeys around the nation, not only was it a cheap one but a worker at a fish market in kansas said someone left a tip that was offensive. a customer left two cards on the r

i am a realtor. i am the number one agent in the marina district and have been if you add up the transactions from 2008 to the present month. i represented the sellers of 55 rico way in the past year and as a matter of disclosure indicated to all potential buyers that the house at 60 rico way was petitioning to add a fourth. it would stand back 15 feet from the street. i knew that was the regulation and believed that is what they had asked for. i am astonished that anyone is asking them to step back even further because when you stand on the street, you can barely see anything that is above the roof line. not a single person who looked at the party objected to the plans that were proposed for the house across the street. we received four offers on the house. we countered three of them. we went significantly above the numbers that the initial offers came in for. and never was the proposed project across the street and issue. that speaks to market value and the street is, you saw a picture of a small s

silicon valley realtor ed graziani. >> we are excited about the facebook ipo because it's going to be such an infusion of cash. >> reporter: facebook leaders aren't talking publically right now, but monday the chief operating officer argued the company's success will bolster the economy. >> the studies we've done in the last year say we created more than 450,000 jobs just in europe and the u.s. >> reporter: to go public, facebook has to reveal some of its still-now confidential practices, like how many ads they are selling and how they handle users' private information. >> the first time we'll see the numbers and we'll know if they are doing something you wouldn't want them to be doing. this will be the great reveal. >> reporter: facebook is huge, but what if it's already peaked? >> over the years it became less and less of a constant until it became just more annoyance. >> reporter: remember the sony walkman? we had one until apple ipods came along. but for now, facebook is riding high. we learned tonight 27-year-old founder mark zuckerburg owns about 28% of the company. he is the la

later in the week earning will be out from home depot, hewlett-packard and kraft foods the nation's realtorsrt the number of existing homes sold in the last month and the number of new homes sold as well as the university of michigan east latest reading on consumer sentiment. >>> finally today is the stress of working on wall street enough to make you sick? a business professor studied entry-level investment bankers for a decade and found that the fast pace and long hours took a toll on their health. 8 to 120 hour workweeks survived for four years and for the bankers bodies turned antagon t antagonistic. every person observed developed a stress related physical illment, ranging from weight gain top heart palpitation and arthritis. maybe a case where hard work is not its own reward. thank you for joining me. next weeb hope you will will be here. we will talk to a doctor who says what we know about living healthy may be strong. keep it here for where wall street meets main street. see you next weekend.

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. >> the county association of realtors says after google's ipo in 2004. home prices jumped 16%. he expects about one in every five facebook employees to look to buy. wood side, and -- they'll get the brunt of the benefit. even if papers are filed tomorrow the ipo wouldn't happen until april or may. likely start between 35 and $40 a share. maureen, ktvu channel 2 news. >> amazon.com taking a big hit after reported earnings, after today -- amazon reported a decline in earnings and had a net income of $177 million and 38 cents a share. it turned for the same year the previous year. that sales figure current period calls an after sell off pinched nearly 9% of amazon's market value. combined the numbers weight on investors. finished the month in january nasdaq road -- 8% for the month. representatives of space net flicks went before lawmakers today to push for legislation that would change internet privacy laws. to be able to change viewing information that is prevented from doing so because of the video privacy protection act. the company is pushing for amendment that would enable i

and realtors say owners often go through all their assets as they try to hold on to the property. and santa clara county, by the way, has been hit the hardest. >>> well, if you paid a fine or two, for an expired parking meter here in san francisco, raise your hand. >> that's you. [ laughter ] >> it is true. you know just how expensive it can be. >> but it turns out the city by the bay has some of the steepest parking meter fines in the country. and san francisco municipal transportation agency compared its rates to other cities. new york, along with sf, and tops out at $65. and the best cities to park illegally, st. louis and champaign, illinois. where a meter violation only costs you $10. can you imagine? >> $80. >> that's what you got. >> i was five minutes late. >> oh, well. >> price of waiting. >>> let the finger pointing begin. what happened during madonna's half time show that parked another super bowl scandal. >>> getting the run-around. coming up. >>> and finally storm clouds moving in the bay area. battening down the hatches. a gusty rainy night ahead. we will talk about

one of realtors said a lot of buyers have a sense of urgency because of the buzz around the idea. >> as many as 1000 millionaires will be made by the appeals. now, you have a lot of people wanting to live close to where they work in the they have disposable income. >> it will not be until may until those military leaders are created scary face the task force get approval from the fcc. >>darya: new this morning it is groundhog day. there is punxsutawney phil. he saw his shasta's. asked if it is just a lot of fun. they think there will be six more weeks of winter. if they still go prove this in this tiny town of poplars of which is 65 mi. northeast of his expert. --northeast of its turf. >>darya: traffic is looking good in san francisco. some of the hottest inland spots today will be at 68. we will be right back. then let it is as that as >>president obama: he shared his message with us. michele and i feel blessed to be your. this is my third year coming to this prayer breakfasts as president. before that, i came as senator. after state, it is easier coming as president. i do not have

the ational association of realtors releases the index for january. markets finished in positive territory. for the week. the dow gained 33 point and is within sight of 13,000, while the nasdaq added 11. >>> there is concern that rising gas prices could slow down the economic recovery. according to aaa, the average cost of a gallon of regular nationwide is now $3.68. compare that to just a month ago when the price was 30 cents cheaper. >>> the federal trial to decide who should pay for the gulf oil spill has been delayed by a week. the judge is allowing bp to work out a settlement with the thousands of businesses and individuals harmed by the disaster. according to a bloomberg report, the settlement could total $14 billion. >>> and more and more americans are getting serious about their online privacy. 44% of respondents in a new survey said they have deleted comments from their profile on a social networking site, only 36% said the same thing in 2009. >>> why we keep our comments in private messages. >> to ourselves. you know all about that privacy s

. >> we actually didn't know about it when we came to see this property and spoke to the realtor, she knew about it. >> at first i thought it was kind of different, but didn't really give it much thought of. >> reporter: over the 12 years the couple has lived here they learned to appreciate their piece of space history. >> there's always people coming by and stopping. i happened to see high of magazine. the price was right. so i said well, i'll just keep them here around the house of. >> reporter: inside these old high of magazines are pictures of glenn family watch -- life magazines are pictures of the glenn family watching the launch from the living room, the fear on his wife's face at liftoff and relief at landing. they famously refused to allow then vice president lyndon b. johnson and the media inside her home. >> i think of john glenn as a christopher columbus of. >> reporter: over the years the couple has met glenn a few times when he came back to visit his old neighborhood. on one trip he gave them this autographed photograph. >> on the bottom he says ps, take good care of my