lauren: i am. david: that's why you became a journalist. thank you, lauren. now to housing. the 30-year fixed mortgage rate is still under 3%. mike aubrey, vice president of compass, what's going to happen when millions of residential and commercial properties go on sale all at once? this is what a lot of people fear, particularly places like chicago and new york and l.a. that have had some bad experience with retailers moving out. >> david, i don't know that we are going to see millions of properties come on the market at once. listen, if we look back at 9/11 and even at the recession after lehman, we didn't see that many properties dump into the marketplace at one time. do i think that, you mentioned new york specifically, manhattan's in a tough spot right now. i think they are going to probably go through a little bit of pain before they are able to recover. but when you look at the difference between residential and commercial real estate and how it's been affected by this pandemic, it's really a tale of two outcomes. listen, commercial real estate has kind of ebbed as employers have seen that employees can work from home and that they can do it efficiently. that very thing which is employees working from home has become a great tail wind for residential real estate as people look for sort of bigger and better spaces to work from. at the end of the day, this is a matter of supply and demand. the reality is that demand is king right now. i think there are way more people that want to buy houses than there are houses to buy. we were at a deficit anyway. builders can't keep up and the resale industry can't keep up with. david: to your point, let me just bring up some figures. suburban home prices are rising up more than 3% compared to last year. but get this. prices are also rising in urban areas, on the other hand, speaking of new york and of course, you say it's a little bit of a special case, but as we mentioned before, 87%, there's an 87% increase in new listings in new york city. 87% compared to last year, mike. >> i think a lot of that is driven by the fact that real estate agents weren't able to work in new york sort of during the throes of this pandemic and you are seeing a lot of people sort of bring inventory into the marketplace. having said that, again, taking away manhattan and san francisco specifically that are sort of special cases because the pricing was so high in those marketplaces, stay with me on the evolution of the sales cycle here. okay, i'm a millenial and have been living in new york, and i have now decided to get married and i'm going to move out to new jersey, to a bedroom community, and it doesn't mean that based on the fact that inventory is low and people are buying right now that there's not somebody in line to buy my condo on the west side. because i think that there is. david: i hope you're right. >> there is still great demand. david: as somebody who has a condo on the west side and may be looking to move out eventually, i hope there's some buyer out there some place. mike aubrey, great to see you. thank you very much. appreciate it. >>> well, the pandemic is slowing new construction all over the country but salesforce just started on a building in chicago, and that's good news. that's where we find jeff flock, who tries to find good news wherever he can. jeff? reporter: by the way, i would buy your condo on the west side. i have been there. it's beautiful. really lovely. david: god bless you. reporter: salesforce tower, at least it will be at some point, this is probably an anomaly. salesforce as you know is a company that manages customer relations for companies around the country and they are building a 60-story tower here. i think we have a picture of what it looks like. you might have thought in a pandemic, this might have come to a halt but no. they are going forward. this is one of the largest construction loans in chicago history, because they feel like they still are going to have a lot of people working here. but this is an anomaly. if you look at the first six months of the year in terms of buildings like this, this is not single family home starts, this is big building construction starts, down 22%. it had begun to recover in june but now, you know, especially in a town like chicago, not only do we have, you know, unfortunately the pandemic but we had this whole downtown unrest. that's not helping things either. there's a lot of big beautiful buildings here that have been built that maybe were going to be hard to fill anyway. with fewer people working at work and more people at home, i don't know what that says about big building construction, but probably nothing good. david: you know, we have a lot of construction going on in manhattan that began before the pandemic and before all the violence in the streets, and they are continuing it, but you wonder who's going to fill those spaces. that's the question. jeff, thank you very much. reporter: exactly. they are long lease times. david: have a great weekend. it is the end of the work week and time for friday feedback. you have been sending your questions and suggestions, thank you. lauren ♪ david: made it to the end of a week. if you're lucky, hopefully you will have some place like this to go to. this is ocean city, new jersey, a lot of people already out on the beach. you can see the umbrellas popping up on the sand there. people on the boardwalk. looks like they are having a lot of fun. we hope you can join them. >>> it is time for your friday feedback coming to ashley and lauren. let's see what the viewers have to say this week. i like this segment. don't you, ash? ashley: yeah, i do. it's fun. david: it's fun. the first question comes from rick. here's what he asked. when the entire "varney" team returns to in-studio production, who will have the most grueling commute? i know it's not going to be me. lauren, what do you think? lauren: probably me. i think i go the furthest. but we all get in pretty early so hopefully we will beat traffic. david: i hate to tell you, i can walk to work in a half hour. but ashley, how long does it take you? ashley: well, i think i go