Senior Vice President , auction. Com, steve moore, Heritage Foundation and vera gibbons who blogs for zillow. I want to start with you, vera. We have 10 million americans underwater. , they owe more than their house is worth. This is six years after the housing bust. How is this impacting the Housing Market . Number is coming down so thats a good thing. Zillow expects number of unwater homeowners to drop to 1 in First Quarter of 2015. That is problematic. If youre underwater you cant do anything. Youre stuck between a rock and a hard place. If youre stuck where you are you can not trade up and buyers cant get in. You cant make a way for those firsttime buyers. There also stuck between a rock and a hard place. Gerri rick, i understand folks having hardest problem, people underwater at most the people at bottom of the market. Moveup houses where firsttime homebuyers would probably make a bid. What is that doing to housing . Oh, it is tremendous headwind for housing, gerri. As vera just s