host: we are back with jessica lautz, the vice president of behavioral insights for the national association of realtors. she is with us to discuss their 2021 home buyers and sellers generational trends report. good morning. guest: good morning. thanks for having me. host: tell us what the 2020 one home buyers and sellers generational trends report is. what is it looking for? guest: this is a massive report. it is about 150 pages. we take the data, and it is an annual survey, and it looks every year who is buying homes, why they are buying homes, their interaction with their agents, and how those demographics are changing among homebuyers and home sellers. host: tell us what you found. what is changing about homebuyers and the age of homebuyers? guest: there has been so much talk of late about millennials and how they are having a hard time buying homes, and they are. there is no inventory in this country and they are facing struggles searching for homes. what we did find is the largest generation of homebuyers today is millennials. contrary to what we think, they are out there, they are buying homes, t

today the national association of realtors reported a bigger than expected drop in pending home salesre than 10% in february that comes as home prices are climbing and quickly, up more than 11% from a year ago low supply, high prices, mounting frustration, and as cnbc's diana olick reports, it's also hurting millions of real estate agents. >> reporter: at a condominium in boston last weekend, potential buyers were lining up outside. >> this is gorgeous. >> reporter: and lamenting the competition inside. >> have you guys had a lot of people come through today? >> we have >> reporter: for real estate agent jeff strobeck, it may be an easy sell, but finding listings in the leanest market ever. >> there's not a magic bullet for it. >> reporter: has been incredibly tough. >> for me it's this house in your neighborhood sold with 11 offers on it or it sold x amount over asking, and i think we can do that with your house, too >> reporter: there were just about 1 million homes for sale at the end of february, according to the national association of realtors. that's the leanest supply on recor

host: coming up next the vice president of demographics and behavioral insights for the national association of realtorsiscusses their 2021 home buyers sellers generational trend report. later on the former cia deputy chief historian and director of the intelligence studies program at catholic university will be here to discuss the 60th anniversary of the bay of pigs invasion, the failed cia backed effort to remove cuban leader fidel castro from power. on thursday, florida gop congresswoman maria salazar spoke on the house for about the 60th anniversary of the bay of pigs invasion. here are her remarks. [no audio] >> i rise today to commemorate the anniversary of the baby pigs invasion. over 1400 men, many of which were only teenagers, volunteered to save the island of cuba on april 17, 1961, from communism. 114 brigadier's and four american soldiers were killed in action. while thousands of others, including my grandmother, were waiting on the island for these freedom fighters arrested, killed, or sent into exile. for the miami community exiles that i represent, these are a moral point of reference. ou

the top 5 wall street political contributors were bloomberg number one at 157000000 national association of realtors got a real estate inside that that was 154000000 far l.l.c. which is tom styer that was 70000000 citadel 69 and the ever wonderful blackstone group 49000000 all handed out to politicians. i mean you're member of the supreme court case corporations are people too at the end of the day the fight to get money out of politics is honestly a fight that neither democrats or republicans want to win because it funnels their campaign that funnels the the system of government that we have where these corporations are essentially not only lobbying for themselves and their causes but they're holding they're holding a lot over the heads of these elected officials and it makes me wonder which are the 8 that were actually you know lobbied in terms of the crazy caucus who assumed that this election was going to be overturned in 2020 but those people still have a very strong voice and we're seeing the new lies that across the country so i can't necessarily say the investment there was wrong i there. it

. >> reporter: according to national association of realtors, 76% of home sales in 2020 had contingenciesttached. 9% of the home sales did fall through largely because the buyers in 2020 lost work during the pandemic. prepandemic terminations looked more like 2%. susie steimle, kpix5. >>> let get a check on the roads with gianna. how is it looking? >>> it's not bad. if you are up early heading to the altamont pass look at all this green. just a pinch of slowing away from the 205, 580 connector but it is certainly friday light for now as you work into the livermore valley area. just passed that towards the dublin interchange there is a crash there south bound 680 connector from west bound 580. a few brake lights approaching the dublin interchange. chp is reporting it is causing a bit of traffic. a heads up if you are working your way through. 24 minutes 205 towards 680. it doesn't look like it is affecting your travel time. 80 is looking good west bound, 14 minutes highway 4 to the maze and highway 4 is looking good, antioch towards 80, the connector to the hercules area. that will take ab

reporter: there were 1 million homes for sale at the end of february according to the national association of realtorsworking agents as more got into the business during the pandemic >> this is not the time for amateurs this is the big leagues. >> reporter: dana bull showed a high end home outside boston last weekend in over a decade, she has never seen as tight a market as this one. >> we are pulling out all of the stops with mailers and terms of social media >> reporter: psupply last been lean and now the higher end is slimming >> it feels like a game of tetris we are trying to place people on the board and strategically move people around in a way that best fits their lifestyle >> reporter: that condo in boston sold for well over asking price with multiple offers this is the time of year when most new listings come on the market, we are not seeing it 20% fewer homes listed for sale this march compared to a year ago. frank. >> great reporting, diana. given how high home prices are, why aren't are more listing homes without prompted by agents >> reporter: because they are afraid they won't find or af

even if i think about the affordability index that just was published in "the national association of realtors to be you walk around the house and poke around say imagine the picture here on the wall now everything is online some people are buying homes without setting foot in a house. you are launching a new ecommerce tool for housing how does it work exactly what can i do from my phone to buy the biggest investment that many of our viewers will ever make in their lives? >> brian, it's a new day what you said is critical. do it from your phone. even though we just added, which i can't wait to tell you about, the new opportunity for our customers. what we are really finding is all of our virtual tools and they are using their phone to interact with us over the last many months, we added a number of virtual tools from appointments online to reserving inventory homes online or go to one of our chatbot or our community on your own time and have a self guided tour. three weeks ago, we added a new tool that is where you really have the opportunity to build your home online. you can go online and yo

the highest prices the national association of realtors started tracking these prices back in 1999. not enough homes for the rush of new buyers, and homes are going fast. the typical home sold, get this, in just 18 days in march. that's the shortest on record. boris and christi, the recovery is wind in the sails of the biden administration as the white house seeks new taxes on the rich to pay for his landmark efforts to remake the american economy. widely expected in president biden's joint session to congress, a plan to double the capital gains rate on people making more than a million dollars a year, and returning the top tax rate to 39.6% from 37%. white house spokesman jen psaki would divulge specifics, but the president said he wouldn't raise taxes on people making less than $400,000 a year. >> president biden is expected to tout that progress. join jake tapper, abby phillip, with cnn's live coverage wednesday night at 8:00 p.m. >>> there are new concerns to share with you from the justice department and federal judges following the deadly capitol insurrection. could repeated li

home prices hitting records, the highest price since the national association of realtors started tracking's a heavy combination that spells sellers market. not enough homes for the rush of new buyers and homes are going fast. the typical home sold in just 18 days in march, 18 days. the shortest on record. 80% of all the homes sold last month were on the market for less than a month. now, there is more inventory at the higher end of the market, but the supply of homes between $100,000 and $250,000 is down 36% from last year. supply and demand the lack of homes pushing sales down and pushing prices higher, putting home ownership out of reach for more americans. >>> all right. in just a few hours day two of president biden's climate summit begins. on day one a new white house pledge to slash u.s. carbon emissions by 50% by 2030, right in line with what the u.n. says is needed to avoid catastrophic global warming. president biden urging other countries to go big as well an approach already showing results. cnn's jasmine wright is live at the white house for us. jasmine, good morning to you. t

the highest price since the national association of realtors started tracking prices in 1999, it's anough new homes for buyers, the typical home sold in just 18 days in march. we've never seen that, that's the shortest on record. this recovery is wind in the sails of the biden administration as the white house seeks new taxes on the rich to pay for landmark efforts to support working families. expected next week in biden's joint session to congress, a plan to double the capital gains tax on people making more than a million bucks a year and turning the rate to 39.6%. jen psaki wouldn't divulge specifics but wouldn't raise the taxes on anyone making less than $400,000 a year. >> wall street didn't like the last part there. >> that shouldn't be a surprise. stocks have been up so much the last year, it wasn't down 1, 1.5%. so that tax tantrum i think might be over. >>> these are tough times for relations between police officers and their communities. trust is broken, the gulf is deep but some officers are going beyond the call of duty to build bridges, like one atlanta officer who lends

i know there was a recent report from the national association of realtors that found that black householdsre more than twice as likely to be rejected from mortgages. [indiscernible] i know they are trying to address this, but i appreciate your,. -- your comment. ms. rice, anything to add to that, particular when it comes to identifying and flagging repeat offenders across the country? is there more that can be done at the local and state level? lisa: thank you for the question. there is quite a bit that they can do. one of the first things they can do is fully enforce the affirmative mandate, furthering provision of the fair housing act, which as you know, have to be in cemented on a voluntary basis. there is no private right of action with that particular provision of the law. in my home state of ohio, a great example of this is the city of zanesville. for over 50 years has denied water service to a predominantly african-american neighborhood called coal run. even though the residence of coal run pay their taxes and paid additional assessments to get water lines extended to their homes, a

according to the national association of realtors, the number of contracts closed fell 3.7% month overlanning to launch a tech driven store in brookfield, connecticut. you scan your smartphone to enter the store and software will charge your phone as you exit. they announced palm scanning technology that will be launched this spring. those are some of your headlines. back to you. maria: thank you so much. cheryl. pushing for the 51st state, the house passed a bill yesterday which would grant washington, d.c. statehood. it faces an uphill battle in the senate where chuck schumer has not committed to bringing it up for a vote. joining me now is fox news contributor jason chaffetz. it's great to see you this morning. thank you for being here. so much policy to talk about with you. let's begin with the 51st statehood idea. do you think this goes through? >> i don't. they tried this in 2009. they passed it in the house but the senate didn't take it up. the root of this is whether or not they can override the filibuster which they can't, unless they change the rules. if they change the filib

national association -- increase. the national association of realtors report signed contracts on existing homes declined more than 10%ught at 20, but now they're in the money. jedediah: yeah, i'm not big on numbers, but i know someone who is. house speaker nancy pelosi setting a target date for passing biden's massive $2 trillion infrastructure bill despite gop opposition. >> i would hope that our part of the house would be largely done before the fourth of july. whether the whole package will be done then, we just don't know. but as some have suggested, we want to do it before the august break with. will: here to react, the anchor of "sunday morning futures," maria bartiromo. another big spending package, this one redefines everything that is infrastructure. when are we going to get this big spending bill, if we get it? i'm sure we will. maria: it's unbelievable. it feels like somebody is worried that they may lose the majority in 2022. they want to jam in as much as possible in 2021. here's what larry lindsay says who is the former chairman of the council of economic advisers under president bush. he says we discus

saturday morning, the vice president of demographics and behavioral insight for the national association for realtors. then a discussion on the 60th anniversary of the bay of pigs invasion with the former cia deputy and director of the program at catholic university. watch "washington journal," saturday morning, and join the discussion. >> president biden met with japanese prime minister suga,

. >> coming up, the vice president of demographics and behavioral insights for the national association of realtorseviewing their recent home buyers and sellers generational trends report. d then

host: we are back with jessica lautz, the vice president of behavioral insights for the national association of realtorse is with us to discuss their 2021 home buyers and sellers generational trends report. good morning. guest: good morning. ks

saturday morning, the vice president of demographics and behavioral insight for the national association for realtors. then a discussion on the 60th anniversary of the bay of pigs invasion with the former cia deputy and director of the program at catholic university. watch "washington journal," saturday morning, and join the discussion. >> president biden met with japanese prime minister suga, the first foreign leader to visit president biden in the white house. they spoke after they talked in the oval office. president biden: i'm honored to have prime minister suga here. we've had some private time together. it's great to have him with us. as you know, this is the first -- to visit me in my presidency. i'm really pleased to welcome such close allies and good partner. the united states and japan have a big agenda ahead of us and we are two important democracies in the indo-pacific region and our cooperation is vital in my view, and i think in both our views, to meeting the challenges facing our nation, and ensuring the future of the region remain free and open and prosperous. so i'm looking forward t