martin the man identified for the real estate property on trulia. >> my husband said his grammar is not right. >> reporter: a red flag that is the first of many. the man says he is in indiana for work and encourages her to drive by. >> everything he said is that he would mail me the keys. he wouldn't come because he is out of town. >> reporter: and the sign off. i await your urgent reply, text only. she was supposed to meet him at the property. she showed up and he never did. she called the number on the sign. >> and he said it's not for rent. >> reporter: this is the actually listing agent. calls from people who had seen the same listing, contacted by the same scam artist. >> at that point i sent the note to the local mls and let them know this is happening in our backyard. >> we are starting to hear more and more that people are being scammed. >> reporter: mls listings president, jim harrison says it's not new but it is more frequent. scammers copying listings and the pictures and reposting them as their own, asking the victim to mail deposit money behave they see the property. vargas

that's jed kolko of trulia. thanks again. - thank you. coming up in traders uplugged, surface tablets are not selling well for microsoft. will it cause the stock to crumble? and the s&p 500 breakout above 1,700 - is the index setting up for a run to 1,800? stay with us for chart talk. i wanted to be in the military since i was a kid. i served in the united states air force. i served a total of 16 years. i was deployed 13 times. on my second deployment four bombs hit my vehicle. and at 19 years old, that was the first time i ever saw somebody die. coming back, i was raging. i started having pretty horrible nightmares. i would wake up in middle of the night sweats. i started drinking a lot. i felt worthless. i guess i never recognized it in myself. eventually, one day i just walked into the va hospital and said i'd like to see somebody. don't suffer alone. you've got to find that link with somebody that will make you let it go. it all starts with going to the va. there's a whole community of veterans that just want to help you out. it's for

yelp, zillow, trulia, facebook. where is marketo in this?creating a new software category before everybody's eyes. there are skeptics and we're going to show them it's real. >> you have the university of miami as a customer. >> we're having this run in higher education, both student recruitment and development, and it's one more example of the different industries finding their way to what we're doing, from brands, business software -- >> are they trying to reach out to certain students? are they doing e-mail campaign, twitter, facebook? a lot of people watch us -- have recently been students and they're trying to figure out where you are in that food chain. >> yes, yes and yes. if you're competing for students or customers in any industry, you're using us across all those channels. >> same thing with curves? >> same thing with curves, same thing with microsoft. >> you've become quite agnostic, working with salesforce and microsoft but i didn't get the sense you're working with oracle. >> they've become one of our competitors. there is somet

ashley: shares of online real estate company trulia are falling following a ratings downgrade.'s head back down to lauren simonetti on the floor of the new york stock exchange with more. lauren? >> this is one of the big losers, ashley. trulia is down 5.2% at the closing bell. they got a downgrade. that came from rbc capital markets. the downgrade was sector perform from outperform. this is what they said was concerning. online real estate listings stock has become less compelling. they're facing increased competition from other sites like zillow. that stock was down 7% today. you know the news there. they agreed to buy their rival actually, for street easy for $50 million in cash. zillow, for instance, is up 200% this year. was a gainer for the year. both of them losers today. back to you, ashley. ashley: lauren, thank you. liz: s&p futures are closing in just about a minute. so let's head back to joe kucik in the pits of the cme. how will things look here? >> liz, you know what? a mixed day today. we saw the market pull back. i think you will see economically sensitive names

that was jed kolko of real estate site trulia.the case shiller report out this month also notes there is a risk of momentum weakening in the housing recovery due to speculators n the market. attorneys for george zimmerman--are asking the state of florida to cover his legal fees. zimmerman was handed a not guilty jury ruling in the shooting death of trayvon martin, an african american teen who was walking through zimmerman's neighborhood. usa today reports-- ziimmerman's lawyers will file a motion to recoup up to $300,000 in legal fees to be paid by the state. florida allows defedants who win cases to file motions for money. when it comes to prison time, raj rajaratnam is far from roughing it. the former trader is currently serving 11-years in a massachusettes prison for an insider trading conviction. reports in the new york post say rajaratnam's white-collar prison cell includes a servant, who cooks for him, along with a shared balcony, private toilets, and televisons. to say the least, that's been described as "special treatment.

. >>> the market focus segment tonight, trulia received positive comments from goldman sachs. reiterating buy rating on the stock and setting a price target of $48 a share. the stock rose more than 5% and settled at $46.10. >>> shares of j.c. penney are lower after they came to agreement with the largest shareholder bill akman that will allow him to part ways. he can make up to four requests to the company to sell his stock, but he has to wait until at least tuesday, when j.c. penney is scheduled to report earnings. akman ended the dispute by resigning. the stock dropped 3% today. >>> another retailer issuing a profit warning. the latest joseph a. bank yesterday said second quarter results will fall short of expectations. the men's retailer said the campaign failed to rest nate with consumers and led to a decline in sales. the stock down 7% to $41 even. >>> different story, green mountain coffee, the stock getting a lift and will join the nasdaq 100 index next thursday replacing life technology's. the stock rising 3% to $76.38. it has tripled over the past year. >>> and shares

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. details of the fed's july meeting seemed to reinforce s

and the real estate site trulia is then able to display that right alongside the house price. maury blackman one of the people working to bring government data online in san francisco, new york, and washington, d.c. reconnecting the government for the people to the people. joined by j.p.mangalindon of "fortune," lena rau of tech crunch. $55 billion market value in government tech. that's a huge market value and very few players. >> that's right. well, the total budget for government spend is $55 billion. and there's a limited amount of players in this space because you know, for a whole host of purposes people kind of shy away from government contracts because it has a long lead cycle -- >> they're a pain in the neck. >> that's right. you said it. long lead cycle and at times they're tough to do business with. but it's been my passion and what i've done for the past 15 years and we feel we're pretty good at it. >> i named three cities but of course you're involved with more than 500. >> oh, sure. we have 500 cities. cities and counties. many states here in the u.s. we have an

how about helping you find your dream home, trulia, zillow.keto, finished up 1.58 and after the bell linked-in, the social networking web site packed on another 10 after reporting a magnificent quarter. the ambassador was breathtaking. along with so many different lanes that swept up all kinds of companies, including some that were expected to be disappointing. remember federal express, amazon, netflix increased, not just because "breaking bad" is going to start august 11th. it was one remarkable session. it reminded us once more that the brilliant minds who say you can't buy stocks and preach endless cautions as they talk about tapering. pessimists keep getting blindsided, the bears smacked by stampeding bulls. the bottom line, this month of august started off just like the last month finished, just remarkable with a roar. it's as if the whole lane bowled above its head where nine was an embarrassment and a spare wasn't much better. it was a confirmation once again those who believe things are better -- like i say, they're rolling 300 and tho

according to a new analysis by real estate web site trulia, of the 2.4 million people who would haveeen homeowners pre-recession 57% were 18 to 34-year-olds. the rest are split between those ages 35 to 54 and those 55 and above. economists say the so-called missing households are driving the overall demand for housing down and the situation is leaving many young people stuck at home. >> even if you do get back to work, you don't run out and buy a home the day after you get a job. it takes years to save up for a down payment, establish a credit history and to have the confidence in your job that it's going to be there six months or a year from now that will help you pay the rent or mortgage. >> 26-year-old tara bono is a marketing manager who still lives in her parents' home along with her brothers in long island, new york. she said she isn't ashamed at all. >> i'm not at all. not embarrassed to still be living with my family. it's pretty much the status quo. people are doing it around here. and the people who i know who have moved out are struggling. they're not happy with their hous

parents' home or doubling up with roommates is up this year by 4% according to a new analysis by truliae 2.4 million people who would have been homeowners pre-recession but now are living with others, 57% were 18 to 34-year-olds, the rest between 34 to 54 and those 55 and above. the economists say the so-called missing households are driving the demand for housing down. especially true for young people, many of them lacking the down payment and credit histories to qualify for mortgages, leaving them stuck at home. >> even as people's job prospects and financial security are getting a little bit better, the cost ofrenting are going up. that will make some wait longer before setting out on their own. >> 26-year-old tara bono is a marketing manager who lives in her parents' home along with her two brothers in long island, new york. why? because she says it just makes sense. >> right now the choices are either move out and move into someone else's basement, someone else's upstairs apartment. i don't understand why anyone would do that when they can just live at home and save for a few more

us what time the dry cleaner closes or some piece of data that one of those companies like yelp or trulia is missing. >> where do i sign up? >> you literally download the app. >> it kind of pings you -- >> it knows your location. i saw about 20 jobs in san jose. there are a million jobs in san francisco. i think companies are more at tuned to it in san francisco. but it might be procter & gamble who says go into walgreen's and find out what the most expensive toothpaste is, we need to know that in your zip code. great for them. great for you, too. >> meteorologist christina loren has the day off as we head into this labor day weekend. rob mayeda is in. just like yesterday, we were saying it's very balmy and it is again today. >> a repeat of what we had yesterday. some temperatures waking up in the mid 60s this morning. we get our foggy mornings. usually that includes temperatures in the 50s. if you start off with patchy low clouds and 65 degrees, it's sticky outside this morning. 64 in fairfield and san jose. 60 in san francisco. sea breeze not quite as strong. this is why our afternoon t

trulia losing some shares. maintaining its $47 price target. it cites valuation there. and pulte moving a bit lower. this despite wells fargo upgrading the home builder from a market perform to outperform with a price target of 20 bucks a share, also citing valuation. pulte's down more than 15% over the course of the last month. so certainly real estate, home builders, all those in focus, tyler, this afternoon. >> dominick, thank you very much. time to analyze the analysts. we get a lot of the brokerage calls on monday and so we do this every monday, and today jef kilburg of kkm financial is with us, he's also a cnbc contributor. let's go first to intel. bertha mentioned it earlier. intel surging after piper upgraded the company from underweight to neutral and raised the price target to $22 a share. the firm says the chip industry is now solidly in the post-pc era, but pcs aren't going away anytime soon. intel one of the biggest percentage gainers in the s&p 500 today. shares are higher by 9% year-to-date. do you like this call, agree, disagree, jeff? >> i do like this

businesses that have chosen the new york stock exchange since nasdaq bumbled facebook's debut are truliaworkday and evertech, both of which raised over $500 million. now we are waiting for the next round of s-1 filings with the s.e.c. we'll have to see which they pick, and especially at that high-profile twitter filing. bill? >> yeah, you wonder if they're scratching one exchange out and adding another one on that s-1 filing at some point. >> yeah. and, bill, we asked twitter and twitter said it had no comment on this matter. >> what a surprise. thanks, julia. see you later. >>> meanwhile, another angle to the story is the criticism over bob grivle's leadership at the nasdaq lately. this morning, he told our andrew ross sorkin on "squawk box" he does not think he had a responsibility to communicate to the retail investor via the media during the crisis yesterday, and that hasn't been going down well, surprisingly. sorkin then asked him this. >> is your job on the line in all of this? >> we stand by our performance, again, over an extended period of time. you know, we're open for business

shares of real estate website trulia are trading higher today after positive comments from analysts at goldman sachs. they reiterated a buy rating on the stock and attached a $48 price target, sue, to those shares. back over to you. >> thank you so much. several strong earthquakes rocking central new zealand today. the staff at this radio station had to get underneath their desks. they rode out that earthquake. it was caused -- it caused widespread power outages, as you might imagine, but thankfully no reports of injuries. ty, up to you. >> all right, sue, thank you. >>> yields on the benchmark ten-year treasury note have hit their highest level now in more than two years. you see 2.84, almost 2.85. as rates rise, what will 3% mean for the american economy? steve liesman, of course, our senior economics reporter. what does it mean? >> we did some modeling, not the kind in bathing suits but economic modeling. >> we'll be grateful for that. >> absolutely, absolutely. financial modeling, folks, and we'll show you what it looks like. two real rates for the u.s. economy. one is the mortgage

up 82 and trulia up 19% to 44. some had said was beginning to show signs of weakness. >> you started to see a tail wind after rates came back down, carl, when people started to calm down about the fed tapering. what's interesting about the moves today they are poping on a day that we just had a raft of strong data that falls into the taper camp that could mean rates are heading higher, completely shrugging it off and, in fact, benefiting. >> it means a september taper is probably more likely than ever before. >> i don't know, but that's definitely going to be the debate. >> tomorrow, tomorrow, wait until jobs report. >> give it 24 hours, is that what you're saying? for the jobless claims figure today. luxury retailers are seeing double digit gains in their stocks this year, what does it meanwhile for discounters and outlets? we'll go straight to the source, steven tanger, the ceo of tanger outlets will join us when "squawk on the street" continues. >>> i khnow, get yours, it's th delivering alpha bag, but there's m

the other stock, trulia, also move down sharply. on a downgrade today. back to you. dennis: think you, lauren. it is time to make some money with charles payne. charles: .sock was unstoppable for a while. the company is obviously a lot more complicated than that. they have these rooms with a lot of service. they provide cloud services. they needed it really bad. the stock bounced. research and development is up 60%. they tried to sell. enough with the rockers are ready. that is what sort of has been hurting them they do not get the benefit of the dow. maybe the street is overlooking the fact that they are building a great company. >> will these companies be susceptible? charles: i worry about the company having to spend more money on sales. >> in the last report, they had 96,000 servers. they are not a little itty bitty player. dennis: thank you very much, charles payne. lori: egypt on edge. more than 25 people die in the region. we will have a live report. let's check the dollar today. especially if you have vacation plans. the dollar is down. we are back in a momen

and now with the new technology these days, sites like trulia, it's so easy.t in your neighborhood. they're really important for too you do. >> anna: you got a feel for the neighborhood and see what kind of people are walking around and where you're going to buy your groceries and do the mail and all your errands. we have one home i want everybody to look at. this is in kansas city. you say this one goes for $167,500. give us the specs. >> this one is three bedrooms, two baths. about 1600 square feet. i love this house. this was built in 1925. it's got beautiful curb appeal. it's got a big eat-in kitchen, lots of stainless steel appliances, hardwood floors, big spacious feeling to it. it's even got a large master bedroom with a sitting room. even a wonderful front porch that you can rock on and your mortgage payment would be on this, only about 855 a month. that includes taxes and insurance. >> anna: not too shabby. it's like they have the furniture in there, so you can see what of yours would fit in. home number two in fort worth, texas. $174,500. >> check it

according to trulia's price monitor, these are three cities that actually we will see, which is greatight. this is a big house. it's three bedrooms, two baths. it's got a big open floor plan. a wonderful brick front to it. a big eat-in kitchen, lots of windows, formal dining room, a den. has a big master suite with its own office. and in addition for this price, you're getting a great big fenced in backyard and a swimming pool. it's a great deal. it will cost you about 1,041 a month, including your mortgage, taxes and insurance. >> ainsley: beautiful. let's move to north carolina. charlotte, north carolina. you have one that's a little under 150,000. >> absolutely. this is about 144,000. this is three bedrooms, 2 1/2 baths. it's a great two-story house. it's really sort of new refreshed. it's got lots of great new tile, new carpeting, a lot of new finishes. another one with a big master bedroom, master bath. also on the outside, again you've got a really nice outdoor entertaining area with a big deck, a big large backyard. this one is very close to shopping and dining. this is going t

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other favored names in the space, ebay, price line, trulia and groupon which have all had sizable moves >> everybody wants to be called a social media stock. the sector has people believing that there's something big going on here and you have the individual product category leaders that people want to own it. i keep mentioning it's not that big a market cap sector. if you are a growth fund manager and you have to own a lot of this to distinguish yourself from an index, you're going to be paying up. and i think it's an interesting element of this market in general. anything with a definable, believable growth story is an expensive stock. everything else is pretty much mid. >> leading the list of losers. nordstrom's down 3%. beat by five cents but they are cutting again their fiscal year earnings and revenue outlook. the tape says surprising no one because of what macy's said and kohl's said and walmart said earlier in the week. >> and weak sales. sometimes if they miss it's on higher expenses. this time it's on weaking sales. first time in a while we've seen that. on monday, i had as my