West coast construction suffers, Zillow offers mortgages with 1% down payment

The robust construction of new apartments is falling short, particularly on the west coast. Zillow (Z) is now offering mortgages with a 1 percent down payment. Yahoo Finance Reporter Dani Romero joins the Live show to discuss the state of the housing market on the west coast, the impact this may have on rental prices, and breaks down Zillow's new mortgage policy.