Velshi and this is real money. This is real money and you are the most important part of the show so join our live conversation for the next half hour aj realmoney. In december Consumer Confidence surged close to where it stood before the government shownd in october. That episode of washington dysfunction helped to drop the conversation boards low in november. Consumer spending accounts for growth. In addition to a stronger job market and an incredible year for stocks Many Americans are feeling more confident and wealthier because of the rebound in home values. Home prices for 20 cities tracked by the s p case shiller index jumped compared to the year earlier. Thats the biggest jump in eight years. Thats a cautionary note. Cooling off just a bit. Prices rose just 2 10th of a percent. S ps David Blitzer said, we are living on borrowed time and the boom is fading. The question is kment where does the Real Estate Market go from here . Zillow forecast that u. S. Home prices will increase
Is stranded. The polar star was in the region for another mission. Former First Lady Barbara Bush was released from the hospital this morning. Doctors say she is doing well. Houston Methodist Hospital had been treated the 88yearold since monday for pneumonia. She praised the hospital staff saying, quote, i got the best treatment and got back to george and our dogs as quickly as possible. Those are the headlines tonight. I am jonathan betz. Stay with us. Real money with ali velshi is next. You can always find us online. Just go to aljazeera. Com. The rise and the Housing Market is starting to cool off, and thats a good thing. We will explain. Plus, have you heard of that online currency called bitcoin . Its not the only game in town. And somebody is getting a big payoff, well show you who is getting a big payoff off the ncaa. Ienl David Shuster in for ali velshi and this is real money. This is real money and you are the most important part of the show so join our live conversation for t
Next half hour aj realmoney. In december Consumer Confidence surged close to where it stood before the government shownd in october. That episode of washington dysfunction helped to drop the conversation boards low in november. Consumer spending accounts for growth. In addition to a stronger job market and an incredible year for stocks Many Americans are feeling more confident and wealthier because of the rebound in home values. Home prices for 20 cities tracked by the s p case shiller index jumped compared to the year earlier. Thats the biggest jump in eight years. Thats a cautionary note. Cooling off just a bit. Prices rose just 2 10th of a percent. S ps David Blitzer said, we are living on borrowed time and the boom is fading. The question is kment where does the Real Estate Market go from here . Zillow forecast that u. S. Home prices will increase 3 in 2014. To put that in context, zillow said prices went up when 7 in november. 30 year Mortgage Rates rising to 5 by the end of the y
It looks as though our warming trend really gets going again today with a little bit milder weather at the coast. We will detail the rest of the weekend in a few minutes. Katie. Lisa, thank you. And there appears to be no end in sight for traffic woes across the bay area. Bart and the union remain at odds. We have a report on how it is i am pocketing traffic. Reporter this is a line of cars wait to go get to the bay bridge about 8 00. It was a crawl all afternoon and through the evening. It takes me about 35 minutes. Literally two miles from here. How long it it take you . About 45 to an hour. To avoid the traffic backup, lots of people tried getting out of the city early. With no bart trains running, the afternoon commute turned into an evening odyssey. I could see the traffic from my office going over the bridge. Its more getting on to the bridge, which takes a long time. For casual carpoolers, it made for a long wait to get home. Usually its about 30 minutes to get home. Its usually
Well if you are head out early. But by 7 00 temperatures should be up to the upper 40s inland and around the bay. Bay side about 50. Noontime will be in the mid60s around the bay and already into the 70s in the inland spots. But if you head into the afternoon, we dont stop there. We are looking at 4080s inland and upper 60s at the coast and mid70s around the bay. The mild to warm weather continues for the first part of your weekend. We still have the second half of your weekend and this area of High Pressure that looks to stick around. We will let you know if theres any changes with the accuweather sevenday forecast coming up. Katie. Lisa. Thank you. There appears to be no end in sight for traffic woes across the bay area. Bart and the union remain at odds. We have more on how the bart strike is impacting traffic. Reporter this is a line of cars waiting to get to the bay bridge about 8 00. It was a crawl all afternoon and through the evening. It takes me about 35 minutes. Literally two