grandpa. smart move there. the aarp called weiner s remark unfortunate. well, next president obama answered questions about his u.s. housing market today in a live streaming q & a hosting by zillo. zillo.com. while he was answering questions from home buyers, the event brought a question to one listing in particular, the president s own. zillow has a page for the white house. 16 bedroom mansion in a leafy area, over 16,000 square feet on 18 acres in a great washington neighborhood. amenities include a doorman, elevator, pool. the price, they crunched the numbers and estimated if the white house were on the market, it would be worth $319 million. i think that s a steal. next up, jay leno pressed president obama about his on again-off again relationship with former presidential opponent senator john mccain. let me ask you about something i m seeing.
waste of money. and accordingly are excited about the home they just agreed to buy in northern virginia. with the mortgage rates as they are now, it seems like it s the best time to kind of grab them before they go back up. zillo.com report rental prices increased in nearly 70% of american cities last year while home prices increased in only seven% of cities. the wall street journal found from january, 2011 to january of this year median rents rose 3% while home prices fell in that same prices by nearly 5%. yet the national home ownership rate is down, even since 2010. fannie mae s national housing survey finds most americans believe interest rates will stay put or go down the next twelve months yet the same survey finds nine in ten americans saying it s unlikely they will purchase a home the next few years. mike insists on rent to go the tune of $4,000 a month. if i bought a place, the price of the house that i would have bought probably would have dropped in the time i rented
bret: our series on the housing crisis focuses tonight on the age ol question: should you buy or rent? chief washington correspondent james rosen reports the numbers say one thing. but many people are doing the other. new parents laura and vincent feel like renting the last five years was a big-time waste of money. and are accordingly excited about the home they just agreed to buy in northern virginia. the mortgage rates as they are now, it seems like it s the best time to grab them before they go back up. zillo.com reports rental prices increased in 70% of american cities last year, while home prices increased in only 7% of cities. the wall street journal found that from january 2011 to january of this year, median rents rose 3%. while home prices fell in that same time period by nearly 5%.
news town hall forum. do you have any plans to help improving the housing market so hard working americans like myself don t lose their homes. we ve got more work to do, to expand the program to reach more people. reporter: thlz are underwater in their properties. a new survey from zillo.com shows first quarter home prices declined 3%, the sharpe esest d since 2008. the administration helped grant nearly 4 million loan modifications but admits the market remains fragile. there are encouraging signs and also signs of caution. we ve got accelerating job growth and that should help the housing market lift. the issue is that there was so much damage done in the crisis. reporter: some housing experts are trying to look at the silver lining.
i get carlos santana, morgan freeman, ernie banks in the same room and try to get them to stop selling themselves short. documenting a terrorist takedown. those s.e.a.l.s who went in after osama bin laden had high-tech cameras. we have new details for you. welcome to this cnn sunday morning. i m t.j. holmes. as always a special good morning to our military men and women watching us on the armed forces network. thank you for being here and thank you for what you do. we need to start with what s happening in louisiana, an intentional flooding that s taking place. look at this here, one floodgate is opened now at the morganza spillway. more gates could be opened later today. the whole point is to try to relieve some pressure on the swollen mississippi river. the army corps of engineers opened the spillway potentially flooding hundreds of homes in order to protect larger cities like baton rouge and new orleans down river. listen to ed lavandera. you you can see the water gu