tv Nightline ABC August 12, 2022 12:37am-1:06am PDT
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♪ this is "nightline." >> tonight, breaking news. what investigators were looking for during that raid on president trump's mar-a-lago estate this week. and housing cool-down? as americans brace for a possible recession, there is one potential bright spot, real estate. >> demand is down, so buyers have more to choose from. they can be more selective. >> from coast to coast, regardless of price range, the sellers market is slowing down. >> now we're season throwback into the buyers' mindsets and they're becoming a little bit more picky. >> but is it time for renters to buy? >> buying a house is about more than just affording the mortgage. diane keaton, the legendary actress, still wowing audiences.
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from her star-making turn in "the godfather" -- >> michael, why did you come here? >> to "annie hall." >> la-di-da. >> and her latest. >> you know, these pocket computer photo albums are actually my job these days. >> the septeanything you wear b definition is coastal grandmother because you are the face of the coastal grandmother. >> yeah, how did that begin, by the way? teenage drivers behind the wheel are always nerve-racking, especially the 100 deadliest days for teens between memorial and labor day, when crashes and fatalities jump 16%. we put my own son to the test. did he pass?
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new developments as we come on the air. multiple sources familiar with the investigation telling abc news justice department officials believe former president trump had classified documents with national security implications at his mar-a-lago estate. those officials also learned in recent weeks that the former president was not complying with requests to return the documents, which were so sensitive that authorities wanted to retrieve them meet.
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sources also telling abc news that some of the material was labeled "special access," requiring the highest levels of security clearance, limited to a specific number of people. turning now to the economy. even with the report that inflation may be easing in some regions, many americans are still nervous about a recession. yet there are signs tonight that when it comes to real estate, the sellers market that kept many from buying a home may have cooled down. so is now the time to buy? here's ab's alex presha. >> reporter: gas prices, increasing food costs, rising inflation have been major concerns for consumers this summer. as speculation about an upcoming recession is making americans nervous. but perhaps some relief for those looking to buy a home. a few months ago, it was the time of the seller. >> this morning, bidding wars for homes popping up across the country. home listings down 37% versus last year. the amount of potential buyers
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up 53%. >> my house literally sold in 48 hours. >> reporter: the pandemic was driving interest rates down, while increasing demand. buyers stripped of all negotiating power, having to remove contingencies, spent more to land a home of their dreams. brokers and experts are saying the market is shifting across the country along all price points. tonight, from the west coast -- >> demand's down significantly. we feel it. >> reporter: to the east coast -- >> things have started to slow down. >> reporter: we're with brokers and buyers as they navigate the changing landscape. >> have you ever had to approach buying a home like this? >> not with this much pressure. >> people would essentially pay whatever it took to get the property that they wanted. now we're seeing reason kind of throwback into the buyers' mindsets. they're becoming a little bit more picky. >> reporter: geo and justin are realtors in orange county, california, where demand for luxury real estate like this home is high. >> this is not a starter home. >> no. >> you've graduated, alex.
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>> reporter: they plan to list it for $7 million to $7.5 million. >> dated community. 68 homes. ultra-exclusive. as you can see, this house is all about the views. you have your private beach here. private boat slip that can hold up to a 35-foot boat. >> reporter: orange county real estate is such a hot market that netflix chose it as the latest spin-off location for their hit reality series "selling sunset." >> oppenheim group has had so much success in l.a. that we're opening up a second office in orange county. >> reporter: geo and justin are two of the stars of "selling the o.c." >> i am the top dog here at the oppenheim group. >> reporter: signs of a slowdown started appearing in april. while other cities like oakland, sacramento, and a san jose are experiencing cooling markets where sellers aren't able to get higher prices, the duo describes the o.c. region as a balanced back to normal. >> more and more inventory comes
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on the market, and demand is down. buyers have more to choose from, they can be more selective. >> i think that's a good thing, frankly. i don't like when one side has all the power. >> what are buyers insisting on now that they might not have a year ago? >> negotiation power. a year ago it was, if you didn't offer list price or 5% to 10% above, chances of getting the property were zero to none. they can now submit offers under list price, negotiate. it's given the buyer a little bit more time, a little more power with the price. >> reporter: at the same time, borrowing has become more expensive. >> one element that is affecting the housing market from starter homes all the way up to luxury homes and back, is the fed raising rates. the beginning of this year, you could find a 30-year fixed mortgage for less than 4%. this month, the average is around 6%. >> we did feel a very aggressive slowdown. during open houses, where's all
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the buyers? so that little period of time when interest rates did go up 2% to 3% a couple of months ago -- >> almost overnight. >> overnight, it did switch. listing agents felt the difference. >> reporter: but the brokers say they're not necessarily losing sleep or commissions. >> there are only so many waterfront homes. you can't go make more of them. so i think people are willing to dish out that little extra premium to enjoy all the benefits of a view like this. >> how are you? good to see you. >> hey, geo, how are you? >> reporter: those beaches were so appealing to demi and tim sherman, they came to california to look at homes while putting their home in dallas on the market. the couple had moved nine times before but say the pressure has never been so high. >> we've actually done one house-hunting trip and offered on two homes that we lost. we put an offer in another house here in huntington beach, but there were i think 15 to 20
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original offers. four or five round counter process. we eventually ended up pulling out of that. >> reporter: they say a bidding war ensued with the house going 15% over asking, prompting the couple to consider liquidating investments to compete. >> it was a lot of risk. it wasn't making sense on paper. >> reporter: they flew back to dallas, empty-handed and nervous. then interest rates started increasing. >> after we, you know, went back to texas, geo had called us and said, hey, this other home came back on the market if you want it, you need to make an offer, being remote, you need to make an offer. so that's kind of what we did. >> buying based off of pictures has got to make you feel nervous, right? >> right. >> what was the first sign that the market was cooling? >> when the feds raised their interest rates. it started cooling off. even friends back in dallas, they put their house on the market two or three weeks after
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us. and it's still on the market. >> reporter: her friends aren't alone. according to a redfin report released this week, many markets, including dallas, are "stale" with more and more homes listed at least 30 days without going under contract. newark, new jersey, is another area seeing an increase of homes on the market for longer. >> that's the process. that's the way it should be. >> reporter: asia white is a real estate agent serving middle to high-income neighborhoods and is glad it's slowing down. >> last year was like no other, i don't know if we'll see that again any time soon. >> reporter: she encourages first-time buyers to look. >> the first-time home buyer's market is a huge market. if you're in a financial space where you can afford to buy a home but you're worried about the recession, i say, speak to a lender, find out what your options are, don't just count yourself out. a lot of times you're failing yourself on the test and you
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haven't even taken it. >> reporter: one of the most difficult parts is knowing how to present the best offer if you can't spend as much. >> if you put down 10%, it's still a strong offer. if you say, i want to close in 45 days, i limit my inspections -- there are other things that make your offer stronger. >> reporter: in the age-old question, better to rent than own? depends on individual circumstances. >> there's a lot of americans who are really stuck between a rock and a hard place. rents are going up in some cities as much as 20%, 30%. you can understand somebody who says, maybe i should buy a house. but buying a house is about more than just affording the mortgage. there's closing costs. there's taxes. there are often things that have to be fixed. >> i always say, choose you. being a homeowner does give you some security. it comes with its responsibilities. but it's yours. >> reporter: for "nightline," i'm alex presha in orange county, california. >> our thanks to alex.
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diane keaton still going strong after more than 50 years on the big screen. detect this: living with hiv, i learned i can stay undetectable with fewer medicines. that's why i switched to dovato. dovato is for some adults who are starting hiv-1 treatment or replacing their current hiv-1 regimen. detect this: no other complete hiv pill uses fewer medicines to help keep you undetectable than dovato. detect this: most hiv pills contain 3 or 4 medicines. dovato is as effective with just 2. research shows people who take hiv treatment as prescribed and get to and stay undetectable can no longer transmit hiv through sex. don't take dovato if you're allergic to its ingredients, or if you take dofetilide. taking dovato with dofetilide can cause serious or life-threatening side effects. hepatitis b can become harder to treat while on dovato. don't stop dovato without talking to your doctor, as your hepatitis b may worsen or become life-threatening. serious or life-threatening side effects can occur,
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♪ oscar-winning actress diane keaton has been entertaining moviegoers for half a century. with the new movie "mack and rita" opening tomorrow, she's as busy as ever. here's abc's will reeve. >> reporter: she's a hollywood legend. >> diane, look at me, look at me! >> reporter: a style icon for generations. >> la-di-da, la-di-da. >> reporter: from baby boomers to gen-z. >> these pocket computer photo
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albums are actually my job these days. >> reporter: and now diane keaton is bringing her unique self to a new movie. in the cross-generational rom-com "mack and rita." >> oh my god, somebody help me, this is not me! >> reporter: the glamorous 70s-something rita, who morphs from mack after a mishap in a tanning bed in palm springs. >> i laid down in that pod, when i came out, i was in this body! >> how would you describe what happens to mack that turns her into rita? >> an opportunity to be somebody else for the first time. an opportunity to fly away and do it, not be so contained. >> and it happens in a tanning booth? >> yeah, it happens in a tanning booth, where things are strange and new. >> those aren't my legs. >> reporter: rita is dynamic, fun, and something of a social media influencer. just like keaton, the main inspiration for the viral coastal grandmother fashion
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aesthetic. >> what is coastal grandmother? >> reporter: a social media trend where millennial tiktokers idolize the breezy sense of style depicted in films like "something's gotta give." >> what's with the turtlenecks? it's the middle of summer. >> why do you care what i wear? >> how does it make you feel that you are the face of the aging faction movement? from tweens on tiktok all the way up to your contemporaries? >> i'm surprised anybody would think about that at all. >> really? >> it's nice. first of all, i like fashion. so, you know, i'm always curious about it. always interested in whatever style was going on. and more like, hey, that's interesting, what you're wearing what you're wearing today. >> i'm going for coastal grandson. >> i see. >> anything you wear, by definition, is coastal grandmother. >> how did that begin? >> on social media. >> on social media, but how? because i wear -- >> how does anything go viral? because you are you. did you have a say in what rita wore on screen? >> oh, yeah, sure. what do you think? you don't care. >> yes, i do.
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you are a -- >> do you like women's fashion? >> i like your fashion, everyone does. the core of "mack and rita" is a meditation on figuring out who you are. >> who you are, right. >> and living accordingly. how do you do that in your life? >> barely. i'll say i live it really based on who my mother was and what she told me about life what she gave to me about life. so therefore, i plowed my way through, you know? i mean, i was nothing special. >> reporter: keaton's career spans overal a century and includes four oscar nominations and one win. >> there's something about you that transcends generations. >> i don't feel like i've transcended anything, particularly. except i've been very fortunate to have many opportunities that came my way. >> not many people have met the moment for decades upon decades. >> well, yes, unfortunate. i don't know why. >> you don't know why? >> no. >> reporter: for many fans
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perhaps one of her most iconic roles was one of her first. >> michael why did you come here? >> reporter: "the god pfather." >> i had an audition. at that time you would audition for anything in order to get a job. so i found myself getting a job with "the godfather." >> yeah. they didn't want al. they put me with al, then al got it. >> and the rest is history. >> it really is. >> hello, i'm aunt rita. >> reporter: the 76-year-old is reflective on her current role. >> it was fantastic. first of all, it was a chick flick. we got to do all kinds of things that you usually don't have the opportunity to do. everybody had a little story of their own. mine was mine. and i just thought that was something you don't see very often. >> another part of the core of this movie is mack is a 30-year-old woman searching for meaning and purpose. what would you now tell 30-year-old diane keaton?
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>> i wouldn't do it. because first of all, what made my life interesting was i had freedom. you know, that i had the opportunity to make my choices as time went on. i wouldn't go back to a 30-year-old and here's how you do anything. for me, i'm sorry, i just go back to my mother, to dorothy hall. to the greatest woman. to the person who gave me all these opportunities. and who said, "go ahead, go ahead, go ahead." so that's what i did. >> reporter: keaton's legacy in film today officially etched in cement in hollywood at the world-famous chinese theater. >> i just feel very grateful. >> reporter: an icon's image imprinted among the legends of show business on display for years to come. >> our thanks to will. up next, my son suits up to show us how to keep teens safe during the deadliest days of summer.
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non-gaming tribes have been left in the dust. wealthy tribes with big casinos make billions, while small tribes struggle in poverty. prop 27 is a game changer. 27 taxes and regulates online sports betting to fund permanent solution to homelessness. while helping every tribe in california. so who's attacking prop 27? wealthy casino tribes who want all the money for themselves support small tribes, address homelessness. vote yes on 27.
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♪ finally tonight, when my middle son agreed to take the driving skills road test, we both had a lot of fun and some sobering lessons. car accidents, a leading cause of death among teenagers. which is why i'm bringing my 18-year-old son travis to this driving skills for life course in new jersey to learn firsthand why distracted and impaired driving can be deadly. they've trained more than 1.5 million drivers on how to avoid crashes. what is the course designed to do? >> demonstrate that you cannot drive impaired, you cannot drive
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distracted. >> reporter: first, our instructor, nolan, gets travis familiar with his tightly turning course. >> tighter than i thought. >> reporter: the cam rigged with cameras. and i'm watching from a safe distance so we won't miss any of the action. oh, those are tight turns. after the dry run, nolan asks travis to do a no-no, send mom a text while driving. >> ask her what's for dinner tonight? >> already he's driving over cones, taking his hands off the wheel, slamming on the brakes. >> i'm texting him, "don't text and drive!" >> reporter: travis completely overshoots this parking space. >> you failed that one. >> next impairment suits to mimic the effects being drunk has on the body. >> when you're walking, it's going to throw your balance off along with your vision. >> i bet you're glad you agreed to do this. >> reporter: officer nick enrique is from the wayne, new
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jersey, police department, here to give travis a field sobriety test. >> arms together, feet together, listen to my instructions. >> reporter: he's having a hard time. >> one -- two -- three -- >> reporter: no surprise, travis fails the test. so he seems impaired to you? >> absolutely. >> you'd arrest him for drunk driving? >> yep. >> reporter: it's even more apparent when he gets back behind the wheel while wearing the impairment suit. he's way outside the lines and doesn't even see the big cone when he runs right over it. >> oh my god, he destroyed it. >> he's hit one, absolutely. >> reporter: according to the cdc, drinking any amount of alcohol increases the risk of a crash in teen drivers, even at blood alcohol levels below the legal limit for adults. nolan says it's all about teaching teens this lesson before it's too late. what was it like getting out of the car and seeing the damage that you'd done?
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>> i completely couldn't see this cone. that could have been a person. i don't want anything like that on my conscience, ever. >> now after you've experienced this, do you think you'll drive impaired? >> never. >> excellent. okay. well, thank you, mission accomplished. >> you don't need a special training course to teach your teen safe driving. the cdc recommends that parents ride with teens for 30 to 50 hours, restrict driving after 9:00 or 10:00 p.m., and limit one passenger for the first six months. that's "nightline." thanks for staying up with us. good night, america. now you can save big on supersonic wifi from xfinity. can it handle all of my devices? oh, all that. and it comes with a 2-year rate guarantee.
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