you might want to get an opinion from a realtor, even though they may just be interested in selling it. that may be true or may not be true. a 50 minute opinion might be worth it and help round out your decision from your next professional, who might be the architect, as warren suggested, especially now, because architects are out looking for work. they are happy to spend a little time with you. they could give you ideas about potential problems are complexities with the ideas you have, or come up with new ideas. >> on the exterior, there are many talented painters in the city that not only paint -- the have a good eye. >> there are designers who are also stagers. it is not limited to the interior. it is the whole house. there are also landscape architects if you are thinking of the outside. there are stagers and designers that can do that. >> most of those professional people, architects and engineers, will sell their services by the hour. you do not have to buy the whole program. you do not have to hire them to do the whole building. you can say, "i would like to consult with you for

existing home sales out from the national association of realtors. new homes being built, down 10.6% in april. home values are down 32% from their peak in may. what is your advice, if you're looking to sell with this kind of a forecast? >> you know what, i think that you absolutely have to realize what is going on in the marketplace. there is no room for fantasy any more. you have to realize where you sit, how you compare to the other properties that you're up against and have a realistic idea of what worth actually is. i mean, i've told you on your program more than once, you have to price it r

but a realtor knew better. the house was on the market. she called the cops. they found loot from at least 10 different burglaries. altogether, police removed two trucksful of evidence but look what's left behind. everything from high-end golf club to appliances. neighbors wonder whether it was stolen, as well. police say crago is a career burglar and this was his latest hit. >> it was surprising to hear something like that happening here. >> reporter: it's a stunning revelation for this sleepy community. residents now wonder without the realtors calling just how long they might have lived with a burglar on the block. and the woman who was living there with crago has not been charged to our knowledge. neighbors say she returned briefly to try and pick up some of her own belongings. that was the last they saw of her. now police are working on reconnecting victims with some of their stolen property and are asking anyone with additional information for help. live in oakland, christin ayers, cbs 5. >>> san francisco police say a man was drunk this morning when he

some local realtors agree. so some investors are still sitting it out. >> if you think that the prices are going to continue to decline through the year then why not wait until the prices really bottom out to buy? >> you know, ann, interest rates are possibly going to go up. and if they go up, then you are going to lose ground on your ability to obtain a loan at such incredible interest rates right now that you are getting. >> reporter: and right now the loans are as low as 3.5% down. there is some private mortgage insurance available that has less fees than the traditional mortgage insurance. you know, these are things for buyers to consider. >> it is great if you can qualify at this time because there is a lot out there. ann, thank you. >> reporter: yes. >>> all of that is certainly leaving some people wondering if they should make the controversial decision to give up and walk away from their homes. for the first time a formula that may help you decide. on the consumer watch, julie watts explains it for us.

>> that's what the realtor told us. >> reporter: interesting. she says she's disgusted she ever voted for schwarzenegger. most of all, she just feels sorry for the boy. >> he is the innocent one in this whole thing. >> reporter: and she says, best she can tell, he had no idea that this man was actually his dad. he always acted like he was just his mom's boss. i'm david wright for "nightline" in bakersfield. >> a painful situation for all involved. >>> just ahead, an era is coming to an end. but oprah winfrey's best friend, gayle king, isn't just looking back. she tells me what's next. your favorite toy? you're gonna want mr. fuzzyman even more now that we've discovered beneful playful life. with real, wholesome ingredients like beef, egg and even oatmeal. extra protein for strong muscles. so you're ready for anything. you think you're getting spoiled. but it's so good for you, too. [ female announcer ] beneful playful life. healthful, flavorful, beneful. dream big. beneful is awarding a $500,000 makeover for one very lucky dog park. ♪ ♪ [ ma

that realtors say t number of cash bers is still on the increase. host: what kd of impact are adjustable rate mortgages have been right now? guest: the impact immediately has been on the market. the word dicey is pretty appropriate for theamble somebody would be taking. i do not give financial advice. that is not my job. but there are so many factors and uncertainty in the real- estate market right now. for the last few months, rates loed like they were poised to steadily be on the rise. again, they were hovering fairly low. economists said prices will fall by as muchs 5%, others say 10%. 20% of investors think the prices are going to go up in the next six months to a year. the industry is sort of all over the map. some of this varies by location quite greatly. that might be a factor to consider with the adjustable rate mortgages. >> where does a brisk come into this and people willing to take risks? the "wall street journal" and says -- this is a bit of a gamble. guest: is a risk that has so many buyers on the sidelines right now. if you look at th

that realtors say the number of cash buyers is still on the increase. host: what kind of impact are adjustable rate mortgages have been right now? guest: the impact immediately has been on the market. the word dicey is pretty appropriate for the gamble somebody would be taking. i do not give financial advice. that is not my job. but there are so many factors and uncertainty in the real- estate market right now. for the last few months, rates looked like they were poised to steadily be on the rise. again, they were hovering fairly low. economists said prices will fall by as much as 5%, others say 10%. 20% of investors think the prices are going to go up in the next six months to a year. the industry is sort of all over the map. some of this varies by location quite greatly. that might be a factor to consider with the adjustable rate mortgages. >> where does a brisk come into this and people willing to take risks? the "wall street journal" and says -- this is a bit of a gamble. guest: is a risk that has so many buyers on the sidelines right now. if you lo

. >> realtors have a reputation of saying you better buy now or else but in this case it kind of applies. >> reporter: that's because the government is redefining what qualifies as a jumbo loan essentially slashing the amount of the loan that the government will guarantee by $100,000. >> it is the difference between a bedroom, 1000 square feet. >> reporter: home buyers that want that extra bedroom could have to pay as much as $1000 more a month. >> they are trying to take a very calculated approach. >> reporter: the new lower limits on federal loan guarantees are a backlash against the rising number of defaults on so-called jumbo loans. >> the government is saying, we will give you a little bit more money to keep you propped up but we won't continue to guarantee these high limit loans. >> reporter: the new limits vary from county to county. the limit dropping from $729,000 to $625,000. $400,000 in solono county. >> they were the ones -- i don't want to say the biggest problem but in a way they were the ones that were defaulting at the highest. >> reporter: what does this all mean? less r

realtor say a good reason for the slow sales. also. >> we have collectively found the strength to fight against the death sentence placed on our company from the very beginning. >>reporter: the move by chrysler that president obama says marks significant chrysler that president obama says marks significant milestone@ >> president obama says chrysler turn around is a true testament to the resolve and determination of american workers. his words. chrysler announced today that it has paid back over 7 billion in government loans that were given to the auto makers to prevent it from collapsing back in 2009 recession took hold. abc karen has more on how chrysler paid back the money and what the company short-term prospect look like. >> it is a great day to be here at sterling heights assembly plant. >>reporter: two years ago the government stepped in to save chrysler from the brink of collapse. now the auto maker finally had something to cheer about. >> we have collectively found the strength to fight against the death sentence placed

so, when someone calls this torture of school children -- >> the realtor sure is what these children are subjected to if they don't have this problem. they are drugged up to their gills. they end up in state institutions or warehoused in james. >> it's torture. there's no other way to explain it. >> reporter: when he was 13, modesto tried to run away from the center unsuccessfully. >> i ran away the first time, they put me on a board and put on a timer for 30 minutes and another one for two and they would wait for the two to go off and shock me. two minutes go off, i screamed, i begged bloody murder, i said, please, stop. >> reporter: the school's lawyer denies that happened. >> no. no. i mean, modesto received, i think, 56 skin shocks for the entire four years he was on the program. so, that's -- i don't know, is that 15 a year, maybe? so, i don't -- i'm sure none of that's true. >> records will never be -- they will never be accurate. >> reporter: how many times would you estimate you were shocked while you were there in those five years? >> i lost count. >> reporter: mark was a te

the realtor said it was the most dill appi dated building. the precedent that this will set, when we did a lot of work on our house, we kept the house building as it was when we purchased it. it was very important for us to keep something that wases thetic with the neighborhood and it was very important to try and keep something to what they would have expected. from our understanding of the proposal we can see how it doesn't follow the building line following down the slope. certainly visible from inside our property line even though we are three doors uphill from it. it is still visible from our property. we have seen the neighbor's proposal and it certainly seems consistent with the nature of the neighborhood arrangement. so, i would like to conclude that. we feel there are more options that are more fitting. thank you. >> i'm here to read a letter on behalf of a resident. i'm back and forth between new york and california so i was unable to attend today's hearing, but i wanted you to know my thoughts about the proposal for a new building

commissioner fung: are you the realtor? are you related? >> no, no. commissioner fung: a friend? >> helping the permit holder communicate with the office because of language barriers. president goh: i think we're finished hearing from both sides, though. we will discuss it. commissioner fung: she is not being paid or as an agent, and she is allowed public comment. president goh: would you like to ask her question, commissioner? commissioner fung: no, i think she is allowed public, if she is not a party. president goh: it sounded to me from the director that she had been representing permit holders with regards to communications with our board, so -- >> it is your call. i think in some ways she was acting as the permit holders agent. normally we would exclude her comment from public comments. but i don't know the details. president goh: unless that commissioner has a question for her? commissioner fung: alright, i will ask a question. what did you want to say to us, shortly? >> just to clarify some points, surhirley lee. i do not take any pay. i just translate some phone calls and

a realtor says it would soften the bay area real estate market. >>> commodity prices rebounded today and the dow and nasdaq closed higher. >>> police are warning residents about dangerous rattlesnakes after several dogs in the south bay have been bitten. there have been sightings. pet hospitals have run out of antivenom see rum due to a spike in the demand. >> this is the first time in eight years that we have seen any bites let alone multiple bites. this may be leading us down the road for a big rattlesnake season. >> referree: cal fire and santa clara county are addressing a public warning about rattlesnakes but has not received an unusual number of complaints. >>> we are now know when jaycee dugard's book will hit shore shelves. it will be july 12th. she spent 18 years in captivity after being kidnapped in 1991. she was held in the backyard of a home near antioch. she gave birth to two girls fathered by garrido. >>> the google executive who inspired the uprising in egypt is writing about the experience in a book called uprising 2.0. he started a facebook page in honor of a busines

a realtor knew the house was for sale and called police after finding lee craigo there. he and his pregnant wife and child were renting the place. >> we thought a family was moving in and we were happy. >> police say that they found goods from at least ten different burglaries. >>> he is arguably one of the most famous and richest 20 somethings in the world. mark zuckerberg, founder of facebook and tonight our first look at the relatively modest house that he just bought and what the purchase could mean for property values in that neighborhood. >> the titans of industry may portray images, but billionaires living beyond bling. like this $70 million home built by oracles larry ellison or this seven bedroom 24 bathroom bill gates hide away so massive it has its own online virtual tour. when it was leaked that fellow billionaire mark zuckerberg bought a home, the world expected a mansion. instead, he bought this refurbished five bedroom, five path in palo alto for $7 million. and tabloids started wagging. >> mark zuckerberg leaving his new house. >> complete with polls, did

a realtor knew that the house was up for sale and called police after finding lee craigo there. the neighbors say that craigo told them that he and his pregnant wife and child were renting the place. >> we thought a family was moving in and we were really happy. >> it was surprising to hear something like that was happening up here. >> they found goods from ten different burglaries. >>> other bay area headlines now. san jose police are preparing for more route behavior after some vandalism during cinco de mayo celebrations last night. plus the home playoff game for the sharks on sunday. four businesses near highway 101 were damaged. one man was stomped on the head. another stabbed. in all, seven people were arrested. police say it was a small group of bad apples in an otherwise friendly crowd. >>> a san ramon police officer made his court appearance today. he is charged with several felonies including conspiracy to sell drugs and embezzlement. part of the growing scandal involving the contra cost tay county narcotics team. he did not enter a plea. his commander, norman welsh and

roseville area realtor says that may make it difficult for the bank to try to foreclose. >> if they don't have the original note, it would be impossible to make a foreclosure. absolutely. it's a spectacular deal. all these people are under water. they owe more on the house than it is worth. >> chase didn't provide any specifics on how customers can qualify for that offer. >> this sunday is the 100th running of the beta breakers and once again the city is asking people, please don't get too drunk. the city has set up barricades to keep crowds from pouring on the course. that's "inside edition" to policies. no floats or alcohol are allowed. right? but people who live along the route say it's the same story every year. >> large groups of people come on my street and try to urinate. they do so aggressively and angrily when you try to keep them off your doorstep. >> this year's race almost didn't happen. it lost its spoon carship, but zadzzle picked it up. there will be drunk tents where people caught drinking will be taken to sober up. >>> next month marks the 10th year for the aids life cycl

red hot says realtor jackie tom. take this $5,000 a month rental in san francisco. jackie says she'll have no problem unloading it. >> $5,000, $6,000, lower end properties. we've felt a huge increase in rent and number of people searching for housing. >> nice big closets here. >> prices are high and projected to go up in double digit percentage points for the next year. victor is a chief economist for reese, a company that tracks real estate trends. >> with the kind of spike we're experiencing right now is unprecedented. we haven't seen this kind of rent growth since the go-go years of 1999 and 2000. >> a perfect storm of real estate conditions. this phenomenon not just happening in san francisco. oakland is seeing higher rent, but at a slower pace. here in san jose, they have some of the lowest vacancy rates in the nation. top three according to forbes magazine. even more so than san francisco. and would be homeowners are gobbling up a fair share of rentals. >> we were looking to buy a house when we first got back. >> bryce moved back to the bay area from france. h

national association of realtors economist paul bishop says the changes should make flood insurance more sustainable. >> from one particular year to the next, depending on the types of flooding events and the severity of those, there could be some net loss over a short period of time, but the goal over many years is to make sure there is no cost to taxpayers. >> reporter: critics argue the reforms, while helpful, don't raise costs high enough to match flood risk. they are also concerned congress is preparing to expand flood insurance-- adding coverage for living expenses and business interruption. steve ellis of taxpayers for common sense supports the reform effort, but says the expansion goes too far. >> when you're in a hole as deep as this-- a $17 billion hole-- it's time to stop digging and actually start filling it in, and adding new business lines is only going to increase the program's debt. >> reporter: the national flood insurance program takes in premiums of just over $3 billion a year, a fraction of its debt, which means the cost of this flood will almost surely be added to th

linda, a former realtor herself understands that she needs to be flexible. she followed carol's advice to respond to the market's message. the original price was too high. >> the buyers are the ones who are going to set the price. you know, we could do as much as we can and when we have 16 showings in two weeks and no offers, what does that say? that says the buyers have rejected this price. >> reporter: most people have an attachment to their home and their neighborhood. but when it comes to selling, realtors say you have to take the emotion out of the sales equation. by minimizing their emotions, sellers can realistically assess what they need to do to make a sale at the best possible price. >> if i want to sell my house and move on, i have to put it where the market says it should be. i don't have a choice. >> reporter: another key to selling in this market is recognizing that buyers hope to get a deal by negotiating the seller down. so sellers have to allow for wriggle room. she says she's willing to negotiate but only a bit, considering all the money sh

the national association of realtors says 20% down will kill the market because it takes the average person 14 years to save up that much. in the bay area where the average home price is $360,000, that would mean $72,000 before you could get a conventional mortgage. >>> wish we could give you sunnier news in weather department. but it doesn't look likely. >> the only thing i'm happy about is i open the utility bill and it's small. north bay, you could. elsewhere, it's -- well, let the lawn decide and your garden. 4:52. coming out through sutro tower and look east. find out where the clouds are dropping rain. it's mainly across the north bay. some is trying to develop over the ocean to move to san francisco. and some of the higher elevations around the bay. most of that is light. the measurable rain is in the north bay. probably be there for the next few hours. 47 in gatga. rest of us in low to mid-50s. monterey bay, 51 in santa cruz and watsonville. everybody else mid-to-upper 40s. the clouds not as thick there. showers expect them anytime today. especially in north bay. thunder is p

the national association of realtors says u.s. pending home sales tumbled 11.6% in april. >> tom: still ahead, growing a family business. tonight's all in the family looks at how the family behind spring-green lawn care is tending to business. and tonight's market monitor finds value stocks in europe, uranium and finance. he's mark skousen editor of forecasts and strategies. >> suzanne: paypal sued google less than 24 hours after the web giant launched "google wallet." that technology turns your smartphone into a virtual wallet. the company claims osama bedier, a former paypal executive, now at google, stole secrets related to paypal's mobile payment technology. the suit also claims google violated employment contracts by recruting bedier and former paypal exec stephanie tilenius. both were at yesterday's google wallet news conference. in response, google said quote, "silicon valley was built on the ability of individuals to use their knowledge and expertise to seek better employment opportunities." google also said the company wi

realtors are getting hundreds of calls a day. the phones don't stop ringing. but the problem is, there's 30% fewer homes here in joplin to rent. they have nothing to offer their clients. there's a bidding war going on right now. and we canvassed hotels in this city and found there was no rooms available. we ran into one person who said. she had 100 calls that day at the marriott. but she said i have two rooms in my own house. i can offer them to anybody who can come. the circus came out. and an elephant helped move debris. some found it amusing. others did not. they found it slightly cruel to the animal. it was an effort to try to make these people's lives a little bit better. we're finding two things, because of the housing shortage. one, some say they can't ever come back here. and others say because this community has bonded together and is so tight-knit, how could they ever leave? >>> now, to surprising news about last year's earthquake in haiti. the associated press says a u.s. government report says between 46 and 86 have died in the quake. that's far le

. >> reporter: red hot says realtor jackie tom. take this $5,000 a month rental in san francisco. jackie said she will have no problem unloading it. >> so 5,000, 6,000, lower-end properties, we have felt a huge increase in rents and number of people searching for housing. >> nice big closets here. >> reporter: prices are high and are projected to go up in double-digit percentage points for the next year. victor cal eye nothing is the economist for reese. a company that tracks trends. >> the kind of spike we're experiencing right now is fairly unprecedented. we haven't seen this kind of rent growth since the to go years of '99 and 2000 during the tech boom. >> reporter: so what's pushing prices higher? a perfect storm of real estate conditions. this phenomenon not just happening in san francisco. oakland is seeing higher rents but at a slower pace. here in san jose they have some of the lowest vacancy rates in the nation, top 4 according to phones magazine, and here in the bay area, more so than san francisco. would be homeowners are gobbling up a fair share of rentals. >> we were

i recommend that my client or anyone talk to realtors before they start. it is a good idea to get an idea of that neighborhood, that house, and how it can be done. >> page 22 of the handout, spend an hour with the pro. talk about what the value means and how it will add value to your home, or if it will be over spending on something that maybe you can do without. >> exactly. >> it is very important to know why you are doing it. are you doing it to add value? will you live there for 20 years and you want a nicer kitchen? it cost $20,000, but only as $15,000 in value. it is different than if you want to sell it in three or four years. >> i had a lady who bought a couple of units and wanted my opinion years ago. she had an old victorian with an old brick foundation. she was absolutely convinced that the foundation had to be concrete and had to be concrete tomorrow. it was the first thing she did. she had different people, and look at the way she could do it. someone convinced her she should really be fit up and do it to the degree that she could add another u

>>reporter: oakland realtor tracy says buyers still feel like they are the ones calling the shots. >> i think it's just that people really want deals now and they are afraid that the market is going to continue to go down so if they feel like they are buying something for not too much money then they are better off. >>reporter: hardest hit market in the bay area solana county where 58 percent of homeowner are currently upside down in the mortgages and where home value have plunged 59 percent since the peak there in 2006. in walnut creek, abc 7 news. >>> the wall street journal is reporting that san mateo county are expected to lose millions in bankruptcy court because of their investment in lee man brothers. meanwhile a henl fund manager is expected to make hundreds of millions of dollars from lee man debt that he bought after the bank collapsed. john paulson is expected to make nearly 7 26 million dollars while l this company will last 68 million and san mateo county would lose 115 million dollars on the same bond because they bought them before lee man failed. >> danville police are

she told us the local realtor couldn't help gossiping that the buyer had some help with the financing. >> she said, well, we're just waiting for the money now that arnold is buying the property for one of his staff that is retiring. >> reporter: most of all she just feels sorry for the boy. >> he is the innocent one in this whole thing. >> and she says best she can tell he had no idea that this man was actually his dad. he always acted like he was just his mom's boss. i'm david wright in bakersfield. >>> and a couple of other notes on this continuing saga, pima county magazine reports maria shriver has hired a high-profile divorce attorney though hasn't decided whether to end her 25-year marriage. why is she living in a hotel? she asked schwarzenegger to leave but he refused. >>> the mystery of that little boy whose body was found dumped along a main roadside has been solved with his mother's arrest. julianne mccrery admitted to killing her son by giving him too much cough syrup. he died from asphyxiation. heartbroken people in the town where he was found came together last night hold

the dust some has already shown some of his campaign cards but it's hard to say where they think as a realtor to play the billionaire may capitalize on the current political malays but even this american supposed to put him in doesn't mean that they want to become moral philosophy and stuck in a super trouble for crosstalk r.t. . ok cliff i'd like to start now if you are you wrote in your weekly column about donald trump he is living in body image of every degrading aspect of american culture what do you mean by that. i love it but what do you mean really look. i appreciate that thank you i mean for thirty years now this guy has been you know whatever it takes to get to get attention he sort of built himself first of all he spun a false resume he's somebody that knew that image in the united states and frankly in politics and business in many areas has become more important in reality which is he talks a big game you know he promotes himself analysts lee but the truth is is that look he inherited money from from his daddy he had to declare bankruptcy twice he tried to run a football league it

as close as anyone you know in the ninety's or the cell phone companies today everybody else in the realtor and medical group in the world says cell phones cause brain cancer in america is another we're not so sure about that you know it's we're we're overwhelmed by the power up and we need to separate ourselves out and come together one of the things that i'm saying in the book is that the way we vote we vote against things rather than for things if we could set up an online system where people said where did their ten most important political goals. and let people work not for we don't trust each other before we come together then you know a living wage medical insurance aging with dignity safety for our children education for our children all of this would come before anything else and we wouldn't have to fight over those you know and sooner or later we have to argue about stuff but in the beginning the most important things most americans agreed and yet we were having that discussion at one point franklin roosevelt just shortly before he died articulated his second goal writes it was ex

. >>> home sales fell according to the latest number from the national association of realtors today. in the west resales were down 1.6%. >>> and did you notice the warm up today? temperatures a good 10 degrees warmer than yesterday. these were the high that is we had. we had lots of fog along the coast. and right now as we speak, we have lots of fog along the coast again. visibility low down to half a mile. if you're driving around there in the morning, you know it'll be foggy. the sunset district up toward stinson beach as well. fog back in the forecast coast side. but plenty of sunshine tomorrow. overnight lows are in the 40s and low 50s. your friday forecast looks good. temperatures in the 70s. when i come back we're going to look at specific cities for friday and we're going to look at the bay area weekend which brings in some clouds, see you back here. >>> a south san francisco boy's doodling is going on display tomorrow with millions of the internet users as his audience. this work of art by mateo lopez won the annual doodle for google contest and it will appear on google's hom

. >> oakland realtor said buyers feel like they are calling the shots. >> i think that people really want deals now . they are afraid that the market is going to continue to go down. if they feel like they are buying something for not too much money, they are better off. >> hardest hit market in the bay area solano county and 58 percent of the homeowners are currently upside down in the mortgages, and 59 percent home values have plunged 59 percent since the peak in 2006. laura anthony abc sevennews. >> thank you. thousands of california teachers kicked off an unprecedented week-long protest in the state capitol. angry educators are urging governor brown to twist the republicans arms until they extend sales and vehicle taxes to save education cuts without a special election. >> we have a budget that is slashing off services and slashing services to our students and raising class sizes. that is extreme. >> it is not going to change minds. people correctly see that they are taxed enough. >> highway patrol officers stopped the illegal sit in, in the capitol. bay area teachers rallied bef

. >>> home sales fell according to the latest number from the national association of realtors today. in the west resales were down 1.6%. >>> and did you notice the warm up today? temperatures a good 10 degrees warmer than yesterday. these were the high that is we had. we had lots of fog along the coast. and right now as we speak, we have lots of fog along the coast again. visibility low down to half a mile. if you're driving around there in the morning, you know it'll be foggy. the sunset district up toward stinson beach as well. fog back in the forecast coast side. but plenty of sunshine tomorrow. overnight lows are in the 40s and low 50s. your friday forecast looks good. temperatures in the 70s. when i come back we're going to look at specific cities for friday and we're going to look at the bay area weekend which brings in some clouds, see you back here. >>> a south san francisco boy's doodling is going on display tomorrow with millions of the internet users as his audience. this work of art by mateo lopez won the annual doodle for google contest and it will appear on google's hom

. >>> the national association of realtors say home sales took a dip in april. its index of homes under contract fell 11.6% for march. the april index figure came in at 81.9. that compares with 92.6 in march. 100 is considered a healthy housing market. >>> at the same time the university of michigan's consumer sediment index came in above what analysts were predicting. the gauge registered 70.3 up from april. the poll gathers how consumer view their finances as well as over all economic conditions. >>> that sediment report pushed stocks higher today. trading volume today was light ahead of this long holiday weekend. the dow closed up 39 points. nasdaq rose 14. >>> you can hit the beach or you can hit the slopes this memorial day weekend. and the skiing may last well beyond the holiday. >>> the holiday weekend is upon us. i have some clouds to talk about. i'll show you which days will be the warmest and which days the coolest. >>> the memorial day weekend is under way, up in the sierra it's looking more like new years. there's a lot of snow for this late in the s

a realtor, who was selling the foreclosured property, found him living there. they also discovered items of ten burglaries. neighbors tell us they didn't notice anything out of the ordinary. >> it's kind of a, you know, eclectic neighborhood and safe and so everybody thinks they are pretty safe around here. >>> tonight a woman who says she's his wife say they were conned into renting the home and all the items, including what's in the backyard are lawfully theirs. minutes ago police e-mailed us and says they have a history for similar crimes. >>> prisons going green, the department of corrections announced a deal to install solar panels at five prisons. they will pay for the installation and sell the excess electricity. they'll split the profits with the state. the prisons are in southern california and the central valley. officials say they expect to save $55 million over 20 years. construction is set to begin next year. >>> a group is suing the federal government to all the california's fishing season. they filed yesterday in court in fresno. the group is sui

a realtor, who was selling the foreclosured property, found him living there. they also discovered items of ten burglaries. neighbors tell us they didn't notice anything out of the ordinary. >> it's kind of a, you know, eclectic neighborhood and safe and so everybody thinks they are pretty safe around here. >>> tonight a woman who says she's his wife say they were conned into renting the home and all the items, including what's in the backyard are lawfully theirs. minutes ago police e-mailed us and says they have a history for similar crimes. >>> prisons going green, the department of corrections announced a deal to install solar panels at five prisons. they will pay for the installation and sell the excess electricity. they'll split the profits with the state. the prisons are in southern california and the central valley. officials say they expect to save $55 million over 20 years. construction is set to begin next year. >>> a group is suing the federal government to all the california's fishing season. they filed yesterday in court in fresno. the group is sui

now the realtor for that home stopped by, discovered them living there illegally and called police. that's when they discovered the stolen property, neighbors were shocked. >> i walk through here every day and it's nothing out of the ordinary. the other day i walked by, with the cop cars was a little disconcerning. >> coming up at 7:00, we will delve into this police report that we found. and we will tell you what we dug up about the criminal's background. christien kafton, ktvu news. >>> when -- ktvu was in the room this morning when the supreme court judge granted the 74-year-old the right to represent himself. the judge says that there's no indication that naso is incompetent. nasso is accused of killing four women in the 1970s and 1990s. >>> shut down or pay up. a bay area pot club is defying a deadline that passed here just a few minutes ago. rob roth is live with what will likely happen next. >> reporter: there's a show down taking place right now. east palo palo alto have given the collective the chance to shut down or pay a fine. it's 5:00 and the dispensary is still open. w

the realtors got their commissions and everybody was happy. the buyers were also referred to the broker in this case today a closed business. the broker would find an adjustable mortgage that the buyers could afford for a year or two and broker got her commission and everybody was happy. the bank's financed the home and sold the mortgage to a third-party. the bank got their money and everybody was happy. that is until the interest rates shot through the roof. the couple could not afford to pay the note, and the mortgage holder foreclosed. in 2007, california was third in mortgage fraud behind new york and florida. mortgage broker jed lane has seen a change. >> the money lenders have pulled back quite a bit. there are far fewer. private money is almost gone from the market and the criteria is also very tight. far fewer people are getting loans in the first place. >> bruce kane says the obama administration wants to show it is going after low level anonymous people and nailing the big fish has to be next on the president's agenda. >> having one

this is a realtor to the stars. >> this house is amazing. this house is completely wrapped in limestone. >> but most of hollywood can't afford this listing. >> significant gold throughout the residence. >> it's priced at 68 million. >> a lot of great opportunities to buy right now. >> mansions are big business anywhere in the country. sales for luxury homes are up, and they're outpacing the rest of the market. in san jose, california, a 27% spike. nash sh nashville, sales are up 13%. and in washington, d.c. the high end surge is 22%. there are three driving factors behind the multimillion housing market. better interest rates, a more stable housing market and what some consider a bargain price for a mansion. problem is, the rest of the housing is market. more moderate homes are down 7% according to the national association of realtors. >> the middle end of the market is suffering because you don't have government assistance like the lower end. >> reporter: for most americans the housing market may still be in trouble. if you can't afford to

. >> reporter: that's what the realtor said. >> that's what the realtor told us. >> reporter: interesting. what troubles her more is the welfare of that teenager. >> he is the innocent one in this whole thing. i just don't want his personality and his future to be marred by this. >> reporter: meanwhile, "people" magazine is reporting today maria shriver has retained a high-profile divorce lawyer, the one that respected britney spears. when "good morning america" called to confirm it, the law office said "no comment." george? >> thanks very much. >> george, a new tape has emerged from osama bin laden and its message is raising big alarms about whether he authorized more terror attacks before he was killed. pierre thomas has been tracking and has the latest on all this overnight in washington. good morning, pierre. >> reporter: hi, robin. this morning we hear bin laden's voice from the grave as he tries to align himself with recent uprisings in tunisia and egypt. in perhaps a desperate move to remain relevant, bin laden tries in a new audio recovered before his death to catch the winds of c

on tuesday police were called to this home by a realtor trying to sell the home. she says the man told her he was renting the property. when they arrived, police found items from more than 10 burglaries in the home. neighbors say they had no idea what was going on. >> it's kind of -- a eclectic neighborhood and really safe, and so everybody thinks they're pretty safe around here. >> last night a woman claiming to be the man's wife called our newsroom and said they were tricked into living at that home and said everything police found they own. but 30s say the man has an extensive criminal history of stealing and they're trying to reunite people with their stolen property. >>> a man was removed from a bart train after scaring passengers with talk of weapons of mass destruction. it happened yesterday morning about 9:20 at the 12th street oakland city center station. passengers say the man was clapping loudly and telling people to be aware of weapons of mass destruction. bart police removed the man from the train. he told police he was just exercising his right to fr

a realtor shares her tips on when to put up that for sale sign. and third choice, clipping coupons, thing of the past. online deals can save you 50% or more at your favorite restaurant or store. going to break down the hottest websites and which ones save you the most. so all you have to do is vote by texting 22360. text 1 for crime clues on facebook. 2 for pricing homes to sell. or 3 for online daily deals. winning story is going to air in the next hour. >>> is your cell phone frying your brain? that's the question. the government and the cell phone industry say don't worry about cell phones causing cancer. there are doctors and scientists who totally disagree. our chief medical correspondent dr. sanjay gupta is investigating. and we're also awaiting an announcement from the world health organization. building up our wireless network all across america. we're adding new cell sites... increasing network capacity, and investing billions of dollars to improve your wireless network experience. from a single phone call to the most advanced data downlo