. >> williamsburg, in new york, may have the city's highest concentration of stalled development. home to musicians and artists as well as those who want to buy into the lifestyle, williamsburg has proved a magnet for developers. but when the real estate market seized up, units meant for sale turned into rentals and some projects stopped mid construction. >> in the back of the apartment, we have the master bedroom with en suite master bath. >> a few miles away, an apartment buildsing. here they haven't given up. after sitting empty for most of 2009, jamestown properties, one of the original investors, took over the troubled mortgage. once in control they changed their approach. what was the biggest change you made when you relaunched? >> well, the most important component is that reinvention was our price point. the sponsor was able to bring our product back to market and at the market price. there was a 20% to 25% reduction in asking prices from the time we were first launched to our second launch, you will. it made all the difference in the world. >> sales in this building are u

ladies and gentlemen, the colonial williamsburg fifth and drum corps. harry, pretty cool stuff, huh? >>> in this morning's "moneywatch," affordable mortgages. the silver lining in the economic cloud, historically low mortgage interest rates. our financial adviser ray martin is here with tips on how you can take advantage of them right now. if you're thinking of buying or refi'ing, it's interesting. when you listen to the economic news and they talk about interest rates and sometimes it doesn't really apply that much to us. but in this case, these mortgage rates are phenomenally low. >> yeah. mortgage rates have hit historic lows. we already had a slow economy. interest rates were already low. when the debt crisis in europe emerged, investors sold off riskier investments, flocked into treasuries, pushing interest rates down. mortgage interest rates are in the high to mid-4% range, lowest since 1956. that's the silver lining to some economic crises around the world. >> if you are employed, are starting to look, you built up a little equity, it may be time

i work out of williamsburg, virginia. i own a business called virginia -- it has visited schools throughout virginia. sadly, i do very well on school grounds. principal, teachers, p.e. and health. as soon as i start dealing with administers they see my business as a threat. what i am is health and p.e. enhancement. i travel to schools from a trailer that has 30 stationary bikes for children as young as 4 years old. i take pre-k through 12th. i take 400 students to 1,200. do i that with 1,200 square feet. it's shared amongst all schools in a shared division. guest: i'm a big believer -- i'm just stopping us because i'm sure that c-span is going to be weary about a commercial on c-span but your point about physical fitness, having to be a piece of the curriculum is totally and completely right. we used the tease sometimes when no child left behind started, and sometimes you use teasing instead of curious about things, but when you have five or six periods back to back of english and math, when would kid actually get to play

ernesto, williamsburg. caller: if they do more drilling, are they not required to build a tower so that we do not run into these toxic situations? guest: the first thing to take into consideration is, although this oil spill is immense in magnitude, it occurs on a daily basis with natural seeps. to some extent, the natural environment has adapted, and can deal with chronic oil leaks. it is when it is so focused and concentrated in spots like this is when there is concern. host: lou on the republican line. good morning. go ahead. caller: by next spring, it will be forgotten and cleaned up. 70% of the oil is seeped naturally. it does very little harm to the environment. i do not trust any scientists today. i do not believe in the global warming. everybody likes of doom and gloom -- host: dr. hopkinson, is this being overplayed? guest: he is correct that there are natural seats, but when there are hot spots like this, i do not think there is any debate about the question of severe environmental affect in the l