to the campaign trail where former speaker of the house newt gingrich is officially throwing his hat into the ring. he s set to announce his entrance into the race for presidency on wednesday. he could have a lot of company real soon. neal bortz joins me now. hi there now. reporter: how are you doing. alison: he will announce his presidential bid via facebook and twitter on wednesday. that is a very sort of modern way to make this announcement. let s talk about the timing, why do you think he s doing it this week? reporter: well, turn back the clock too, could you imagine ten years ago an announcement that i m going to announce for president on facebook and twitter? and immediately you d be disqualified as being a loon. but i don t know why this week, maybe it s to step into a news void. we have somewhat of a news void going on. there is the osama bin laden
certificate saying you helped build the arizona wall. you mentioned 1070 and the governor is sending that to the supreme court. all of that money for the legal fight is also donated through a website. alison: thanks so much, trace for that update. there is a new report and it shows big trouble on the housing front today. home prices plunge 8% in the first quarter. that s the biggest drop since 2008. the darkest days of the housing recession. but wait there is more, let s bring in our panel. first it s dolly lynn, the vice chair of prudential. liz mcdonald and alan bailey is a real estate attorney and finding the uncommon deal. welcome to all of you. this real estate website zillow had a chilling prediction today, basically we have not seen the bottom they say. in fact we are not going to see the bottom until 2012. what is going on here, adam? why did we think that we were climbing our way back out and it
in fact last week was the first republican presidential debate and herman cane one of the new bees was seen as the winner because he kind of jumped off the stage more than anyone else. reporter: herman cane, like newt gingrich oddly enough has been a fill in host for my radio show. newt gingrich in the 70s. herrmann cane the last year, i know them both. i appreciate both of them. herman cane is a breath of fresh air. when people go to see herrmann cane deliver a speech they come out of that place as absolute believers. he is going to grab a lot of attention. he was on the board of federal reserve in kansas city. business, he s owned and opted several businesses very successfully. he is the real deal as they say, and i m excited about him. alison: again he s the person as to your point who did get the most attention after the debate in some measure because he got
raises, like some of them may have merit like privacy and antitrust concerns. it would be like a company producing automobiles, providing oil, and building the highways. that company would basically control everything that happened in terms of transportation in the united states. we are in a similar situation today with the internet and google. reporter: others say google is just doing good business and uses the internet properly. the company has a list of privacy principles on its website and says it does handle information responsibly. alison: sounds like they may have to stop shrugging their shoulders soon. eric shawn, thank you so much. and we ll be right back. ugh, time to color.
to use it for a year you want to own it for a longtime. as long as you re using it for a shelter and not the atm machine or a stock market that s okay. alison: that is a serious problem, people who have health crisis where they really needed to get a second mortgage, a third mortgage, a credit line of some sort they are underwater, they can t get anything. the news is out that the housing affordability index is way low, that means the younger generation can afford a house. how can you get a mortgage? nobody qualifies. people who are self-employed, they are showing two years of information it s not enough for the banks. if you give up a credit card that dumps your credit rating in the toilet. if you lower the amount of credit that dumps your credit in the toilet. nobody can get a loan. if we re not seeing the bottom until 2012, or six more years. at least five. alison: at least five more years as adam is saying what is the answer? what are people supposed to be doing. what the a