. >> reporter: she is the chief economist for redfin.the market is now more favorable for buyers with higher interest rate it is harder to get in the driver seat. >> buyers are facing less competition, homes are taking longer to sell, they are selling below their list price for all of this things are more positive for buyers than earlier this year . when you look at how expensive it is to buy home, it is hard to feel like buyers are better off now than they were earlier. >> the market is what it is. >> reporter: he is not in a hurry to sell and he is glad that is the case. his advice to anyone considering selling, manager expectations. >> if they wait and they can, they should go if they cannot wait, their expectation needs to be more realistic and you have to have value to offer. >> reporter: on an individual level he would like to get the right offer. big picture -- >> he hopes the housing market will recover and he hopes the interest from the fed will not grow so fast and so high and hope it will come down. >> reporter: redfin's chief

redfin economists say that some markets may be more affordable. now but won't necessarily be good. long-term investments. they say some sunbelt markets like austin, phoenix and las vegas could have mortgage value trouble next year. meanwhile, redfin economists also add that markets in the midwest and north like milwaukee and chicago have homes likely to hold onto value for longer. >> all right. so for people not interested in non alcoholic drinks, new year's eve can mean a hangover or 2 next. today we've got ways to help. ok, time for another. look at the forecast. and boy does looks wet, doesn't have. this is asked fo taking a live look and see the reigning or has been running. it looks. >> pretty wet out there. there are really slick roads. hopefully people are, you know, driving safely as they normally should. but this does not help. of course, kron four's. chief meteorologist lawrence karnow is in the weather center with. >> what we've got for the weekend, lawrence. yeah. going to be wet night ahead. stormy for sure. we're seeing that rain moving across parts of the bay area. n

if you're thinking of buying a new home in 2023, redfin economists say some markets may be affordable. now but won't necessarily be good. long-term investments. they say some sunbelt markets like austin, phoenix and las vegas could have mortgage values, mortgage value trouble next year. meantime, redfin economists say markets in the midwest and north such as milwaukee and chicago have homes likely to hold onto values for longer. meantime, southwest airlines says flight should be excuse me moving normally now after days of delays and cancellations, the airline is focusing now on addressing the concerns of thousands of passengers who missed connections earlier this week. the effort is still underway and this video you're seeing here now shows there are a number of unclaimed bags at lax southwest offered apologies over the situation and is directing customers to their website to submit claims the company is offering more flexibility for holiday flight changes and executives say there's no greater focus at this time. then reimbursing their customers. airline offer airlines rather offer po

the redfin economists are saying markets in the midwest and the north like milwaukee and chicago havees likely to hold on to their values for a lot longer. a lot more ahead here during kron. 4 news at 3 o'clock. coming up, the department of justice is suing a large drug maker. the accusations over how it fueled. >> america's opioid epidemic. plus, former president trump's tax returns have finally been made public after a long battle with congress will have a live report from washington, d.c., but how this may impact the former president's attempts to run for the presidency. again, we're also go live to the south bay to see how people there are preparing for a massive amount of rain that is expected this of rain that is expected this weekend. thes [narrator] everyone needs quality health insurance, even if you're healthy and active. covered california is a free service to help you get covered. 90% of members have received financial help and every plan offered is comprehensive, covering preventive care, doctor visits, emergency care, and more. regardless of your income, check today to s

. >> reporter: the chief economist for redfin says the market is more favorable for buyers, but with higher interest rates, it is harder to get in the driver seat. >> less competition. homes are taking longer to sell. homes are selling below the list price. all of those things are more positive for buyers. when you look at how expensive it is to buy a home, it's hard to feel like buyers are better off now than they were earlier this year. >> translator: the market is what it is. >> reporter: he is not in a hurry to sell, and he is glad that is the case. his advice to anyone considering selling, manage your expectations. >> translator: if they can wait , they should. however, if they couldn't wait , their expectation needs to be more realistic . you have to have value to offer. on an individual level, he would like to get the right offer. big picture -- >> translator: he hopes that the housing market will recover, and he hopes that the interest from the fed will not grow so fast and so high, and hope it will come down. >> reporter: as we head into the next year, they are forecasting h

redfin released a new study showing the income you need to buy a median price home in california. the annual income to buy in anaheim is now $254,000, and san jose with 263,000 . in san francisco at $402,000 per year, and most of these stats are due to high mortgage rates. >> when you think of our pipe parents buying houses when they were younger, it was always so much sooner. now i am in my 30s, living in an apartment and we don't have the means for a house. you could buy two moved to texas and by a huge mansion, but i don't live and work in texas. >> home prices are falling, slightly, and so are interest rates. according to the census bureau only 55% of californians own their own home. that is one of the lowest rates in the nation. >>> coming up, making hundreds of bikes for kids in need. the local business looking to bring some smiles this holiday season. >>> fountains of lava shooting into the air. hawaii's mauna loa showing no signs of slowing down. the major concern great gifts at this price? is this for real? not exactly that's bargain bliss setting in you're basking in the

redfin says you need to make over $250,000 a year to afford the average home in the bay area. >>> up next here at 6:00, nonprofit looking to spread holiday cheer now needs some of its own cheer. >> not necessarily heartless but it makes me really sad. >> a disheartening story. what was stolen out of this van that was supposed to go to kids in the bay area. >>> acts of heroism. what these airmen did in afghanistan to receive the distinguished flying cross award. >>> and for now still a mostly quiet evening for mobile doppler radar but beginning to see light rain showers in the north bay and more than just light rain, thunderstorms, gusty winds, heavy rain at times. the time line hour by hour. >>> right now on nbc news, the stunning amounts paid to settle sexual harassment claims in some of the biggest police departments. >>> it may be fun to transform into an avatar but the warning about the trendyew app behind n >>> in less than an hour a candlelight memorial for alexis gabe, who was a victim of domestic violence. hundreds of people are expected to gather at civic center park in oakl

redfin. economists say some markets may be affordable now but won't necessarily be good.rm investment. they say some sun belt marker markets like austin, phoenix and las vegas could have mortgage value trouble next year. meanwhile, redfin economists say markets in the midwest and north such as milwaukee and chicago holmes likely to hold onto values for longer. happening today. oakland's fireworks task forces going to be busy. they'll be patrolling for illegal fireworks. drivers under the influence and even illegal gun use. authorities are reminding people to please not celebrate by shooting guns into the air. those bullets can come down and hurt someone. that practice has resulted in tragedy on more than one occasion. officers say. and if you need a ride on new year's eve in san francisco, you can take the muni for free. the operator says it will be free from 08:00pm tomorrow through 05:00am sunday, january. 1st, muni also plans to extend service on its our network from 10:00pm to 05:00am. the idea is part of an effort to cut down on accidents and traffic fatalities. acco

redfin says the median u.s. home sale price is projected to fall 4% to $368,000 next year live from the nasdaq market site. i'm jane king back to okay. thank you. charge rent by the way. i just wish you know the kids. >> should i charge the kids rent? yeah, i do think i should. i think well, maybe one month as like a holiday gift and then charge and merry hit bank. >> all right. 7.20, is the time and a new lawsuit now has been filed against twitter and it claims that 57% of the female employees were laid off when elon musk took over. and that compares to fewer than half of the men. and now 2 female former twitter employees are suing the company. the discrimination lawsuit claims that the mass layoffs, the firings and the man's to submit to working environments. disproportionately hurt women more than men, because many of the women say that they take care of families they can't commit to such demands. and so they found themselves out. >> this can't be explained by she fact that musk said that he wanted to keep mo

according to redfin affordability is the biggest obstacle for home sales. even if mortgage rates decrease mortgage rates fell for the fourth consecutive week last week, according to freddie mac, with the 30 year rate dipping to 6.3% but that's still more than twice the 3.1% rate. one year ago, we have an update about a push to help california renters. state lawmakers are debating a bill that would protect california renters from paying higher security deposits. right now, landlords can charge up to 2 to 3 times the amount of monthly rent for the security deposit. this bill would limit that deposit to no more than one month's rent. some landlords say the higher deposits help them keep up with rising costs for apartment repairs, but it's implement. matt haney disagrees. the amount of the security deposits has skyrocketed alongside rent. but that's not because the amount of repairs or the frequency of repairs or the cost of a broken window have gone up. it's just simply gone up, along with rent, and so landlords have gone along with that, in some cases have as

national real estate company redfin listed sacramento as its top metro destination in the country forhe move for a king ahead of las vegas in miami is new for sacramento to see something on national news that says people are coming to us. tina suit or a real estate agent based in the arden arcade neighborhood. tell us a little holmes year-round. sunshine in proximity to the bay and lake tahoe are all reasons those within the state and outside california's borders continue coming to sacramento. >> this really is a perfect fit on paper and it's bringing people here. >> add those to expanding remote work lifestyle. and senator says safc is hard to beat. >> your job offers you 5 different locations that you can go. and you look at all of those. sacramento has so many features that are drawing people towards this as a location instead of going elsewhere. there's just like a really nice community feel and just things that we weren't expecting to find to unexpectedly surprised to find everything they ever wanted here in sacramento. >> but the mendoza's expect now is for everyone else to foll

stuart: we've got a record from redfin, the real estate company, that shows cities in florida take uphe top 10 places that people want to move to. it's more than just the weather isn't it, congressman? >> oh, yeah, it's way more than the weather. listen, the way your government operates is critical. the economic environment is critical. enforcing the law is critical. having da's that prosecute crime is critical and more often than not trusting the facts that your governor and your legislature and your representatives aren't going to just decide that they can just takeaway your civil liberties at a moments notice. all of that matters that's why florida continues to be the beacon of hope in the united states of america. stuart: did you mention tax, congressman? >> oh, we don't have an income tax so people love that too. and we're not getting one by the way, so you know, anybody who thinks they want to get frog it in florida trust me we aren't bringing an income tax to our state. stuart: you've forgotten one more, there's no estate tax in florida isn't there? >> no, look for the most par

brokerage firm is sharing its projections on favorable and not so favorable locations and economist with redfins some markets won't necessarily be good, long term investments, even though they're pretty affordable right now, he says, some markets in texas, arizona and las vegas could have further mortgage value trouble next year, although rebounds may eventually happen. he also says markets in the midwest and north such as new york, milwaukee and chicago have homes that will likely hold their value for longer. four people escaped without any injuries after their helicopter crashes into the water update is islands in florida how buccaneers player and former niner ended up helping rescue them. and volkswagen is recalling thousands of beetles what you need to do if you have a 2015 or 2016 models stay with us. heavy rain, strong winds getting ready to take aim at the bay area once again better details on the timeline of what you c e it's the subway series menu! 12 irresistible subs... like #11 subway club. piled with turkey, h soon. i'll give it a run for its money. my money's on the sub. it's subw

brokerage firm is sharing its projections on favorable and not so favorable locations and economist with redfinarkets won't necessarily be good, long term investments, even though they're more affordable right now. he said some markets in texas, arizona, las vegas could have further mortgage value troubles next year, although rebounds may eventually happen, he says markets in the mid west and the north such as new york, milwaukee and chicago have homes that will likely hold their value for longer finishing touches are being put on floats for the rose parade. the parade is traditionally held on new year's day won't be on january 1st this year. it will be on monday, january 2nd because new year's day is on a sunday builders are working through the weekend to finish their mobile works of art, everything visible on the float. the entire exterior must be entirely made of natural biodegradable materials. animal experts are reminding pet owners in new year's eve is often as stressful night for dogs and cats. loud bangs of fireworks can really stress the animals. they have some important tips for pet o

according to redfin affordability is the biggest obstacle for home sales even if mortgage rates decreasek. that's according to freddie mac, with a 30 year rate dipping to 6.3% however, that is still more than twice the 3.1% rate one year ago, and ticketmaster is facing criticism once again, this time for leaving ticket holders stranded outside of bad bunny concert in mexico. hundreds of fans were denied entry to the soul. old out concert in mexico city friday night. ticketmaster released a statement saying an unprecedented number of fake tickets overwhelmed its system which led to legitimate ticket holders being denied entry. ticketmaster says it will issue a refund to those fans, of course, taylor swift. they were also upset over that problem with ticketmaster and taylor swift concert as well. work pants that are being described as the oldest known pair of jeans in the world, sold at a weekend auction in reno for $114,000. the miner's pants were found in the wreckage of a ship that went down off the coast of north carolina back in 18 57. it's still not clear if the genes have any ties t

brokerage firm is sharing its projections on where to search and we're not to look, economists with redfinable now, but won't necessarily be good, long term investments, he says. some markets in texas, arizona and las vegas further mortgage value trouble next year, although rebounds may eventually happen. he also says markets in the midwest and north such as new york, connecticut and chicago have homes likely to hold on to their values for a bit longer. pam cook, let's look at your dollars and cents. thank you. disney is warning its guests to be on their best behavior at its parks, especially in the busy holiday season is following the recent uptake and fights at disneyland and disney world. disney says most of the fights involved people cutting in line and wants to make clear violent behavior will not be tolerated. 7 50, let's see if we can get you out the door. more likely. james torres, maybe stay if you can, and certainly avoid some of the major freeways. if you're in the east bay as well, let's take you out there and show you some of the maps of what we're seeing more of those icon. c

next year home sale activity may reach the lowest point since the early 19 eighties, according to redfin housing market is likely to remain a constraint even if mortgage rates decrease mortgage rates fell for the fourth consecutive week last week, according to freddie mac, with a 30 year rate dipping to 6.3. but that's still more than twice the 3.1% rate one year ago. ticketmaster facing more criticism, this time for leaving ticket holders for a bad bunny concert in mexico, stranded outside hundreds of fans were denied entry to the sold out concert in mexico city friday night, ticketmaster released a statement saying an unprecedented number of false tickets overwhelmed its system which led to legitimate ticket holders being denied entry. ticketmaster says it will re fanned refund those fans their money, thanks to see the show and they stood out really unfortunate. wowin marind where you were going speaking of, unfortunately, we have sal. this morning. i would use the word unfortunate and probably other people have used other adjectives this morning. to describe this commute in marin coun