get a good realtor to do it. it does take time.ou are applying to the lender and that letter have to have the underwriter review your qualifications. you need to give them time to do that. >> thank you very much. let's put your contact information if you need a loan modification or are having a stressful situation with homeownership rate. coming up on the show chp burton we're taking your phone calls. when looking at your futures into retirement. welcome back. we're not here with our experts who is going to help us with a retirement planning. a >> a lot of people think they're on all pilot once they get to retirement. now you have to have a certain goals that you sat in retirement. as i mentioned before you want to have three years' worth of portfolio draws in cash. if your gross and come. i least every year keep an eye reassess your income goes. what did you project your spending verses which is spending now. you have to look at your overall net worth. businesses, real estate and portfolio and rebalance your portfolio. it all work

as my daytime job is a realtor, we rely heavily on the 3 r report. and in the short time that i have been a realtor, the 3 r report has gone from 48 dollars to 162 dollars in 15 years. and contrary to mr. greco's statement, the 3 hour report from a month to five weeks right now. and we rely heavily on the 3 r report and even though there is an error and omission statement that is given along with the 3 r, i find that there is, or that there is error on the planning department and the building department that, i mean they were given the specific direction that they followed and you know, dollar wise, whether they are doing a spec home or whether they are actually living on the property, you know, the information that we give our clients and we have done and we do our due diligence on our behalf and there has to be some you know, some truth to that, and you have to be able to hold on to the information that you get from the 3 r department and in this particular case was followed up by representatives from the city and county reassuring that position. a

according to the realtors. that was a little worse than the street expected but not much. these so-called pending home sales, which are an karat of closed sales in october and september. pending sales have seen annual gains for the past 27 months and realtors blame rising rates for the slowdowns but they say it's not yet concerning. higher rates are hitting higher cost areas more dramatically. pending home sales were down 6% month to month in the northeast, 5% in the west. lower cost south, they were up 2.6%. in the midwest down just about 1%. you see the discrepancies there. now, mortgage rates rose last week to the highest level since april of 2011, according to the moeshlg ba mortgage bankers. still purchase applications rose week to week. that's a good sign. we also have to remember that historically high one-third of today's housing market is all cash. so, that's helping sales as well. refis continue to tank, down 5% week to week. down 57% from a year ago. that is less cash in your pocket. guys? >> diana, thank you very much. >>> for more on housing let's bring in pre

>> i'm a realtor. >> jay: realtor, all right. pretty good. did you come to earn a meal?s ] [ laughter ] comedy is often cruel. [ laughter ] now, what are you doing to earn the meal? >> i'm gonna do something interesting with a light bulb. >> jay: something with a light bulb? do we have a light bulb? >> indeed we do, jay! [ cheers and applause ] let's come on down! all right. now if i may, just to show that this is a working light bulb, it is a real light bulb right there. take it away, jay. >> jay: what are you going to do with the light bulb? >> i'm gonna do something very interesting. i'm going to eat it. [ audience groans ] >> jay: you're going to eat it? eat a light bulb. >> you might want to step back. >> jay: all right. [ drum roll ] [ crunching ] [ audience ohs ] see, i wasn't lying about that missing a meal thing. [ light laughter ] [ audience groans ] um -- let's go to steve. >> i'm cringing when it's going in. >> jay: yeah. [ laughter ] >> i'm going to say meal. [ applause ] >> jay: meal, all right. alec? >> so, what i'm getting is you're a light eater. [ laugh

. >> reporter: local realtor greg martin agrees. >> here for example 21 active homes for sale. that is about one-third of the inventory that we had in 2008. not down one-third. we have one-third of the homes to sale today that we had before the market down turn. >> reporter: but analysts say that's a good thing for now. >> i think that the overall feeling is that the low inventory has been a good thing because it really put a floor under home prices. >> reporter: but going forward some analysts question how long institutional investors might stay in the rental market. >> because historical single family yields are quite lower than they are today, and quite lower than history yields in other commercial real estate asset classes . >> reporter: and worries the communities they're buying in. >> at some point in time they will have to sale. that's a fact. how long they'll hold it, i don't know. >> reporter: black stone which declined to comment said that they're committed to investing in the communities where they're buying. >> i think it's we're making a bet on america. we're betti

to work with the small business owners and to provide them incentives through dollars to make in a realtor. from the attained for many, many years we've been trying to attract a large service grocery shore and have not be able to do that but if we work with the small businesses and try to help them shift their sales from tobacco but to help them model selling healthy foods. i'm really proud to support this legislation and want to appreciate everyone that was involved >> supervisor mar. >> yeah. things supervisor kim. i want to say how inspiring that was to work with the supervisors in that district. or the youth of vietnamese youth center their collaborative in supporting the small businesses. one of the most spierg piece ofs legislation because of the bottom-up legislation groups and also the people who support the intends it's been a great learning experience to learn from our grassroots folks from the city. thank you >> colleagues can we take a roll call vote on this item? (calling names). >> >> ordinance is passed think is first reading . >> from sixth street subject to specified findi

at the top of the hour, one realtor who really disagrees with that. 10:00, that's coming up.re down 70 points lower, thinly traded markets, but we are down. check the price of oil. i've been away for three or four days and 106 bucks, exactly where it was on friday when i left. 9% growth. 3% unemployment. we have the mayor after a boomtown in texas, can you guess what's driving that kind of growth? it's in texas, that's next. ♪ if you're going to play in texas got to have a fiddle in the band ♪ ♪ clients are always learning more to make their money do more. (ann) to help me plan my next move, i take scottrade's free, in-branch seminars... plus, their live webinars. i use daily market commentary to improve my strategy. and my local scottrade office guides my learning every step of the way. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade... ranked "highest in customer loyalty for brokerage and investment companies." a quarr million tweeters ic is beare tweeting. and 900 million dollars are changing hands online. that's w

i'm still choking on josh flag's advice not to use a realtor. let me get over that for a second. let's get back to this right now. melissa: okay. >> you if do decide to use realtor, i told you melissa, when i was on the show a couple weeks ago, super you have to put multiple offers out there. don't take anything personally. take emotion out of the game. i myself am buying a house. i offer what the house is worth. if the guy unreasonable i move on. melissa: you offer below what the house is worth? >> a little below, yeah, yeah. you can't take anything personal. melissa: he is not watching i'm sure it is okay. >> i can't tell you how many deals put together started with low ball ridiculous offers and one thingeads to another. people come up, people come down. there are no other options on the market where inventory is very low and you put a deal together. melissa: where do you tell people to counter from that? you say counter at your real price or you say this is a low ball person, youhould counter? how do you advise them. >> i always say, give a little, have a little fun. kind of

existing homes down 1.3 percent in july month to month according to the national association of realtorsas a little worse than expected but not much. >> shares of wireless chip maker technologies are headed higher after the company reported earnings and sales that beat analysts estimates and forecasted better growth for the current quarter. >> here's the catch 22 that we're in right now for the markets here. we get weak data, we get earnings concerns. we get strong data, we have tapering concerns. the market is trying to work through this. >> i have a chance to talk to them more in depth both on air and on the side lines and i hear that they want this to happen in september if the data supports it. >> this is a part of the growing pains that we're going to see in the industry and it's a complex and precise process. what keeps elon musk up at night this is one of those things. >> you get more hate mail on twitter for talking about tesla. >> tesla is the new apple on twitter. if you say anything positive or negative everybody comes out of the network. domenic chu, singapore based company,

national association of realtors said the numbers increased 6.5% to an annualized rate of 5.3 million units. adam: u.s. consumer protection bureau found new problems with mortgage servicing at banks and other financial firms. it said in some cases launched investigations that could lead to enforcement actions. liz: you bf raising their investment target. the firm expected higher gross margins estimates for the lower-priced iphone coming out expected to be called the iphone 5c. the slump follows disappointing earnings be it sales came in lower than sales estimates and the company cut its forecast. liz: white house is deeply concerned on reports from syria. hundreds of people have been killed in a chemical weapons attack by apparently government sources. syrian rebels say 1300 people were killed. adam: and reviewing what happened after a computer glitch at goldman sachs disrupted trading at multiple exchanges yesterday. wall street sources so that glitch could cost goldman $100 million. "after the bell" starts right now. ♪ liz: we were saying earlier as soon as the fed minutes came out,

. >> star realtor karina is giving him the tour. >> it's huge. >> check it out on style network. >> wellaround the corny, and i can't believe it's that time of year already. sofia vergara is also getting ready for the emmys, along with the entire cast of "modern family." and i just got to interview them all. sofia the hugger, ed the wrestler and just call jesse the family, all the craziness, all the wild moments. >> "extra extra." > the cast welcoming me into their modern family, back for season five, giving "extra" and fans a sneak peek. >> what's happened? >> sofia just back from one supersexy vacation in greece. did you pick up any greeks? >> no. i ate a lot of greek food. >> sofia's "19 million woman." >> highest paid actress on tv. >> just taking advantage of it because you never know in this business. >> null married. -- newly married. did you have a -- did you give a speech? >> the night before i did. >> nice. so how you feeling now? >> great. >> jesse beating sofia and her boyfriend, nick, to the alter. >> -- to the altar. >> unbelievable. >> are you pumping the brakes? >> i'm gi

she is slitted to speak to the national realtors association and a group young voters under the age of 30. many view her as a possible presidential candidate in 2016. >> driving this morning a familiar mist in the summer is back. we have had while you were on vacation. mike has the forecast. >> we will talk about what is going on. thanksthanks for bringing back e drizzle. there is mist and drizzle out there this morning. it will not be a huge issue. the fog is a bigger issue around santa rosa and you can drive into it because of the low ceiling. we will have a lot of sunshine this afternoon and i think the sun angle will allow us to break out and see the sun by noon. fairfield is at 20-mile-per-hour wind, something we were keeping an eye on a lot. it was gusting around 30 when the fives were burning there. right now, ten miles per hour at sfo is as fast as it gets. from our camera this morning, you can barely see the ferry building and a few lights only on the bay bridge. i expect delays at sfo. sunny by noon and cooler air mass today, and we will have mild weather through friday and t

data from the national association of realtors shows housing affordability fell for the fifth straight month also higher interest rates. if you get a call from somebody saying that they are a cut or tax collector. usa today reports and a growing scandal that callers are pretending to be police and threatening people with arrest if they do not pay their debt. >> that is the latest in business. >>what a treat. he has sold millions of albums. tomorrow catch him at north halstead. >>thank you for being here. >>we are so honored to having you here. so good to have you back. you were the youngest solo artist to have 4 top 40 hits. >>i went and played with musicians and stuff. >>did you realize the enormity? >>initially it was like 7 years that went into it. all fo a sudden it hit me. >>this is crazy i have 3 albums out i have done 5 tours and i'm 12. >>the new ep we are going to hear right now. a whole new album coming next year. >>thank you for being here. [music] [music] small planes struck at least one house. this happened just before 1130 east coast time. witnesses say a woman who lived

year fixed rate is averaging 4.52 percent with new numbers today from the national association of realtors are expected to show home sales were up in july. the dow jones industrial average dropped agains thering seven points but stocked ended up with s&p rising. >> david beckham is doing the second best thing, model in his underwear, the former soccer star will be part of a new ad campaign for h&m. >> covering santa clara, san francisco, east bay and all the bay area, this is abc7 news. >> 4:40. a mild morning out there, low fire danger this morning, but it will pick up again later on this afternoon and mike will also tell you how it is look outside and when the red flag danger will end. >> new details this morning involving james dimaggio the man accused kid kidnapping a san diego teen the dimaggio family is requesting d.n.a. samples from 16-year-old hannah anderson. they think dimaggio killed her mother and brother and set the bodies and home on fire before taking off for the wilderness with hannah and died in a shootout with the f.b.i. she was returnd to her father. a spokesman for dima

first one "brother versus brother," they are put against each other, and drew is the realtor, john the guys, good to see you. >> good to see you too. dagen: i watched your shows. i've seen all of them. i particularly love "property brothers." >> oh, you pointed to me, i thought you loved me. dagen: you were just closer. drew, i'm going to start with you. my biggest beef is renovations look way too easy. finding a great deal looks too easy and renovations look easy. are you cutting corners a little bit? >> we never cut corners. no, i mean, the whole point in today's market, people, they want the dream home, but it's not realistic to afford it move-in ready so what we do on the show is show people with a little work, you can turn a house that works like it's beyond repair into something that could be your dream home and keep it well wildfire the budget, put equity in your pocket. no cutting corners. it's a matter of knowing when you look for a house, what's worth a property to buy, what's worth it, and what's too expensive to go in a property. >> even with houses that are fixer uppers, t

a realtor's group says the recent rise in rates averaging around 4.6% for a 30-year loan may be keeping some would be home buyers on the sidelines. a banker's group reports applications for new mortgages fell this week with a sizable drop in refinance. >>> speaking of mortgages, new rules aimed at cutting risks in the mortgage market. the fdic, the federal agency approved a new rule that require mortgage lenders to keep a stake in the loans that are bundled up and sold as securities. diana olick joins us from washington. dianna, rules, more rules, we keep getting them from washington. tell us about the details. >> reporter: i just wa to clarify these are proposed new rules, and they haven't passed anything. n they are still putting them out for comment. this is the second go round they have done with the rules. they are about a qualified residential mortgage, that is which mortgages from the banks would be exempt from risk retention under dodd frank and what they have done is loosened up. the first proposal two years ago said the mortgages had to have 20% down. now they are saying they

new numbers out from the national association of realtors are expected to show home sales were up in july. the dow dropped fifth straight day losing 7 points. the nasdaq and s&p both rose. >>> a new electric car creating a lot of buzz because of safety features. it earned a rare perfect score from the national highway traffic safety administration. get this the roof was so strong it broke the test machine. >>> and now that he's retired from soccer david beckham is modeling underwear. he will be part of an an ad campaign of h&m. that's america's money. make if t a great day. >>> as you get ready to head back to school, consider helping those who might need a little bit for the school year. abc2 has teamed up with the preston mitch up school drive. it wraps up on the 22nd. we've got a number of donation sites in nearly every neighborhood so check out where you can help and where you can drop off school supplies and show your generosity. head to abc2.com/schoolsupplies. [ man ] launch sequence initiated. [ beep ] 15 seconds and counting. [ male announcer ] at kfc we have one mission. an

the national association of realtors says home sales since july of last year are up more than 17%.and according to online residential real estate site, trulia, home prices in that time have gone up an average of 7%.---partly because developers have not been able to match the spike in demand. "new construction is a long lead-time thing. you can't have instant demand met by instant housing. you have to get lending, then land, then build. it takes a little while." further fueling the home sales spike, rents have increased in the past year 3.9% nationwide. five and a half percent in boston, one of the least affordable rental markets in the country along with new york, miami, l-a and san francisco. developers seeking to capitalize on the hot rental market and potential for condo conversions are building for both. "what we're seeing are rentals that are'condoliscious,' my word for nice finishes that are easy to make the switch over." in seattle, the rental market's so hot developers will have built 12-thousand new rental units by the end of the year. in portland, oregon, 4,000 by year's end

minnesota realtor ryan ness goes door to door every week, trying to convince anyone to sell. >> it'sa fast moving market, there's a lot of buyers out there waiting for the right home to come on. you have a giant fridge here. >> reporter: buyers like ellen and george who have been looking for a home since march, unsuccessfully because there's not much for sale. even in their suburb of woodbury, where prices are up 13% in a year. >> my husband constantly reminds me the interest rates are going up, find a house. >> reporter: those mortgage rates have been climbing since may, and are now at a two-year high. >> this is the master. >> reporter: threatening some buyers right out of their price range. if they bought this $420,000 home today, with 20% down, their mortgage payment would be $200 more than it would have been just three months ago. >> there really is an impetus to find as much house as you can get for as little money as you can and cash in on the deal that exists right now. >> reporter: some housing experts say the rise in rates and prices has happened too quickly, putting some m

and the national association of realtors say that's a 17% increase from the same month last year.e fed believes the housing market is the primary reason the economy will grow later this year. >>> and google could kick off a new era on the internet. the web giant has been meeting with nfl officials and may be talking about taking over the league's sunday ticket which gives fans access to out of market games. directv currently has rights to the subscription service but their deal ends in 2014. anne-marie? >> should be interesting. marlie hall here in new york. thank you, marlie. >>> straight ahead, your thursday morning weather, and the 600 pound fish on the end of this fisherman's hook can cause acid erosion. uice...tom. the enamel starts to wear down. and you can't grow your enamel back. my dentist recommended that i use pronamel. because it helps to strengthen the enamel that you have. and i believe it's doing a good job. with diabetes, it's tough to keep life balanced. i don't always have time to eat like i should. and the more i focus on everything else, the less time i have to

home prices are up 21% compared to a year ago.ken fears an economist at the national association of realtors says the issue this time could be a case of "phantom demand" "what we saw between 2003 and 2006 was a credit bubble. people buying who didn't necessarily or couldn't sustain those mortgages, so that was the source of phantom demand. now the concern is are the investors creating phantom demand? and will they, in the next 3 to 5 years, start selling?" nationwide, home prices rose 12% compared to last year. the housing recovery helped home depot pound out one of it's most profitable quarters...the home improvement chain reported earnings and outlook that topped wall street's view of the ongoing surge in home sales...despite nailing its earnings report the stock fell ---best buy also topped estimates the stock soared 13% jcp reported another big loss-- but it was not as bad as investors had feared. that stock rallied----closing a penny above 14-dollars. the chairman of book seller barnes and noble is withdrawing his plan to buy the chain. leonard riggio first mentioned plans to acquire th

the national association of realtors say it is the second straight month.fell for a third straight week. community involvement and even who is better dressed, all factors considered by some employers. that is the latest from the fox business network. giving you the power to prosper. ♪ connell: walmart announcing it will extend health insurance benefits to domestic partners. that will begin in 2014. it will offer the change in all 50 states. it will offer the change lagarde list. the announcement part of the change updated. walmart 7258. the roads will be a bit more pack for this weekend. 2.6% increase from where we were last year. highest in four years. over 34 billion people will travel 50 miles or more from home. 8% will fly. 7% bus or boat. the others will drive. that is our cue to bring jeff flock in. jeff: toyota has always been low profile on the u.s. market. not anymore. fort taking them on in a big way. i am driving. does it look like i am on the wrong side? this car is sold in japan, largely. all of the 22 different hybrids, vans, suvs, all differe

housing lobby that -- realtors, the homebuilders, the mortgage broke brokers, all of that, it is verynfluential still and wants to retain these federal guarantees. >> they have influence over both parties and this president in the speech you heard conflicting goals. you played the clip where he said i want private investors in the mortgage market and not taxpayers. in the very same speech, he said but -- we still have to make sure that first time home buyers have the opportunity to buy homes and we still -- we need the 30-year mortgage, things like that. you know what? we will see what comes out of this. >> we hope we can still make some progress. if not -- perfect. we have to take one more break. when we come back, hits and misses of the week. >>> time now for the ever popular hits and misses of the week. >> this is a miss to actor matt damon who said some kind of -- set a record in thip october chrisy -- hypocrisy. lauding the benefits of the public educational system in this country. and, of course, now we learn he is sending his children to private schools. he says that it is beca

american realtors reported today that sales of used homes shot up 6.5% last month. in fact, homes have been selling this summer at the fastest pace in six years. what is not recovering in this economy is wages. more on that now from terrell brown. >> reporter: more than 1,500 people stood in this line at the carpenter's union in new york city just for the chance to land an apprenticeship. some of the applicants were in line a week for jobs that start at $45 an hour. >> i'm not going to beat this blue collar job. this is a great job. that's why there are lots of people here, because they just don't hand out jobs like this everyday. >> reporter: a majority of u.s. workers experienced a decade of flat wages, according to new research by the left-leaning economic policy institute. it found the median weekly wage last year was $768. that's the same as 12 years earlier when adjusted for inflation. over that same period, wages fell for 70% of workers. economists place much of the blame on a labor market that hasn't recovered from the great recession. >> i've had friends th

in there is something that we agreed to when the ordinance was going through the process with the realtor association and other the interests that made sure that this is disclosed. and that these were transferred at the time of the sale, this adds two simple questions to the report and was this building subject to the program and has the work been completed and that is coming to you with the approval. and so aside from that, those are the items that are before you today and there actually is pointed out a clarity sake and one more addition to the code. and i would like to go up there and that is the item that we are asking for action to today. okay. >> thank you, if there are any questions. >> yeah. >> regarding the membership, and have anybody done a study on the pool of structural engineers that would be qualified to sit on these committees? >> yes. >> how is that? >> the pool is very large. and we don't anticipate any of the problems with the members meeting any of the three qualifications. >> are they required to be san francisco residents? >> technically no, they tend to be the make-

new numbers out today from the national association of realtors are expected to show that home sales were up in july. >>> meantime, the news hasn't been positive this week on wall street. the dow dropped for the fifth-straight day tuesday. at the start of the month, the dow hit an all-time high. now, it is down 4% from its peak. >>> a new electric car generating quite a buzz over its perfect safety record. tesla says its model s has earned the highest crash test rating ever tested by federal regulators. believe it or not, the car's roof was so strong, it broke the test machine. >>> and sony will release its new playstation 4 on november 15th. the price tag on the game console will be $399. the company says it's already sold more than 1 million ps-4s during a presale. there will be over 30 games available to play on it before the end of the holiday season. >>> and attention, ladies. and david beckham is out with a brand-new ad campaign. the now-retired soccer star is in a locker room, modeling boxers, briefs and some other clothing. it's all part of a new promotional campaign for beck

their hand up on even in oab and the children of a human shell away than listen carefully in osing a realtorand the lord shall utterly destroy the charm of the egyptian sleep and weapon is mighty when that's the breath spoken of in verse four shall he shake his hand over the river and shall show it into seven streams that's for 7000 involving the activists and the news and make me an overdrive shotecause of your work because of god's work some of you know when your dtiny when you were a child more than you and all tha( rings were const$ued is new generation for his children to stay in new orleans with low and the love are rather whereby we die to read for 16 th in carefully this concludes and there shall come there shall be a high highway for the remnant of his people were shall be left from a series of buckets it was true is ruling the day that week he came up out of thland of h. ensor this exactly the me don't have anything to worry about than potter when e sun is 'truck with that work well than it is forour benefit with that spirit increases in a time w but there is one thin i st caution