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CNBC Power Lunch August 4, 2014

Now neighbors are being encouraged to snitch on each other for using too much water, and theyre doing it with a new app. We want you to weigh in on this one. Would you snitch on your neighbor if you caught him or her using too much water . Go to cnbc. Com vote. Sue is here in the house. I am. Were going to begin with housing. Home ownership is at a decadelow second quarter, and its young people who are out of the market. What does is it mean for the broader recovery as well . Diana olick knows. Home ownership just keeps falling and younger americans are clearly behind the drop. Take a look. The rate now is at 64 a 19year, it reached a high of over 69 back in 2004, but add to that the fact that nearly 1 million homes still have delinquent mortgages or already in the foreclosure process. The real Home Ownership rate is even lower. We know firsttime home buyers are less than a third of todays home buying market. The median age of a firsttime buyer was 31 over a decade ago, but a new surve

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