nearly 70%. reno, nevada, almost 60% of homeowners are under water. orlando, florida, 61.7%. 58% of homeowners in modesto, california, are drawning in negative equity. economists say the home prices are declining as the foreclosed properties sell at discounted rates. and unemployment looms at 9%. but that doesn'ted always mean a road to foreclosure. >> some of them unfortunately will but most won't end up in foreclosure. >> most experts feel if you are able to stay in your home and continue to make the mortgage payment the market will turn around and eventually they believe the homeowners will enjoy equity in their property once again. in new york, laura ingle, fox news. >> bret: jim webb will not seek a second term. correspondent james rosen tells us what it means in the big political picture for 2012. >> in announcing his