. >> but flying drones is something that most realtors are not allowed to do without permission from the government. >> the faa has a regulation called faa part 107. and you actually have to be certified to fly a drone for commercial purposes. >> to have anybody just off the street going out and buying something and thinking they're gonna make money taking video, even if they do have the experience, right now is illegal. >>adding mode. >> it's now live. it's recording. rotors are armed. >> before the faa changed their rules, you had to have something called a 333 exemption. this was a special permit that actually allowed you to fly drones. >>take off. >> douglas trudeau of tucson, was the first realtor in the entire country granted an exemption. >> when i first got this, bob, i could not answer my phone. if i saw a long-distance phone call, i wouldn't answer it because it wasn't somebody wanting to buy or sell a house. they wanted to know how did i get my permission from the faa to fly drones. this is the exemption that the faa sent me. and this explains that... >> granted exemption.

just like with any property search, finding the right realtor is critical. and the relationship you have with the realtor can make a huge difference. >> warren is a very good listener. so when you say, "i'm looking for a house with character or one that has green grass that i can see," he takes note of all those issues. he also is an extremely good detective. he will notice little things around a house that potentially could cause a problem. >> warren, when you met kay, what type of things were you asking her to make sure that you could satisfy what her objectives were and her husband's objectives? >> all the questions that you would typically ask a buyer. of course, you ask about the house, what kinda house they're looking for. you want a one-story house? how many bedrooms? how many baths? you know, the typical questions you would ask. but you also ask some questions about their lifestyle. >> when thinking about your retirement, there are some dos and don'ts that you need to keep in mind. first of all, you need to understand what will be really important to

. >> reporter: like most realtors, christina e-mails clients all day long. but last year, unknown to her, criminals hacked her gmail account, monitored correspondence and waited for the perfect time to strike. >> send the remainder of the down payment to close escrow. >> reporter: using her e-mail account, the hackers wired her clients to wire hundreds of thousands of dollars. >> knowing that i was being watched. >> it's a nationwide phenomenal unfortunately. >> reporter: matt fuller of the san francisco association of realtors warns that realtors are not the only ones hacked. >> the agents, a title company, the lender. >> reporter: the hackers' goal? impersonate someone involved by sending e-mails from their accounts instructing the buyers to wire the the buyer was expecting to make the payment. lucky that the clients questioned the fake e-mail. >> called and said how did you come up with this amount? >> reporter: the fbi and realtor's association stressed that anyone in the housing market should verify the instructions on the phone or in person and never w

idol it was basically american idol for realtors is the dumbest idea ever but then from there i told my brothers a contractor and then they pitched us what we were already doing with families helping them buy a place and renovate not that i think the peel was that we don't take ourselves too seriously. we love to have fun and you know i think some people in design especially they take themselves too seriously and you know what if as a family renovating a house if you're not having fun with the process something's not right you don't have the right trade you know ready to run whatever it is so we the families we work with we just have so much fun we aerate over one hundred fifty countries now and i love when we can be overseas we were just in barcelona a month ago and people are approaching us we don't even speak the same language yet we can see that we've inspired them it's a book about it's obviously you know we should be like ninety years old for the amount of things that we've done and people wonder all how did you get to where you are today and you know what makes you stand for w

>> get a competent realtor. why?nd what your needs are as a homeowner. >> know the location you want to be in. if you have children and you want to focus on top, a-rated schools, research realtors that are experts in the area. >> they need to understand what your needs are, the area where you're developing it. is it close to the church? is it close to the school? does it have shopping areas around it? understand your developer. what is their background? how many homes have they built in the area? and understand the incentives that they're giving you. >> builders want your business. they want to give you incentives. an incentive could be 5% or 3% towards your closing costs, and that's cash you don't have to bring to the closing table. >> sure. and as it relates to upgrades and things like that, what role do you play? >> the important component of the realtor is to protect the buyers' interests. the builder is protecting their interests, and then there's no one to protect the buyers' interests, unless you have that rea

we investigated talking with a realtor about that low inventory.a tough spot. for a look at the numbers watch the full report on this story at nbcbayarea.com. >>> right now we want to get another look at traffic. that deadly accident causing a lot of backup for drivers. >> the tragedy we feel for the people involved with that family, the person who died but look at the impact of the commute as well. that's my area of expertise. it will be at least until 10:00 until they clear this. they have to off load these two vehicles and there is a spill as well. cars getting off at eden canyon. they won't be able to clear anything for a while. the backup is from west 580 eden canyon back in through dublin and back to the outskirts of western livermore. there is a huge problem, avoid the area. >> kari has a look at hour forecast. >> cooler temperatures and lower humidity moving into the bare. we do start out with clouds but we will get sunshine and breezy winds. san francisco staying in the 60s over the next several days and for the inland areas looking at upp

thank you to the pastor, to the realtors of black realtors, sheila jackson lee, thank you, feed the children, and magic johnson. we got together and brought this truck. if you want to apply for the $400 assistance, you can get thursday, and if you have been damaged, you can get $400 applying by thursday, because the line crashed. and then of course fema was here, and you can apply to fema by getting a registration number. don't make a judgment on your own. don't say that you are not eligible. get your fema number. they will determine whether you have the qualifications. ,hat is helpful for the sba which is here. it may help you as well. but the $400 is for an immediate emergency, red cross online starting this thursday. we are glad to see you here. let us know how we can be of help. thank you. >> ok, how are you question mark -- you? >> let me acknowledge c-span. for those of us giving us on c-span, we have two commissioners here. we have persons representing the federal government, including fema and the sba. we have been answering questions concerning the flood and the many concerns people

and they often turn to erin as their realtor. >> through erin, we bought four houses, three of which were investments and one my daughter and son-in-law live in. >> how did you view the idea of commission, a commission-based contract? >> by the time you do 6 percent commission on the sale of a house, especially in california where we live, that's a chunk of money. >> right. >> for one piece of business. >> for one transaction. but in the past, that was the way, at least, you did the business. >> you had to. >> no choice. >> no alternative. >> when her husband passed away, she decided to sell some of the investments. >> my financial adviser really wanted me out of the real-estate business. >> mm-hmm. >> so i went to erin with that house. and he said, "oh, by the way, i'm doing this new thing." >> did you ever get a sense that you would -- sort of the services would not be as extensive as if it was on a commission? >> i wouldn't agree to an arrangement that did not add all of those things that you come to expect from your listing agent. >> bottom line is, you saved a lot of money. >> y

at national association have realtors and fbi advises everyone buying or trying to buy real estate toify any instruction these receive in an e-mail and never to wire money, unless you're positive the instructions came from a reliable source. reporting for three on your side, i'm jim donovan. >>> all right, lauren casey joins us now with a look at the forecast, and jose is kind of, done now with the jersey shore. >> yes, our most direct impaneling made its closes path still hanging out off shore but it has improved dramatically especially down the shore. sunshine has return, the breeze has died down, and the waves also looking much less intense as we get a live look right now on sky scan three at cape may, new jersey, looking pretty good, a lot have people out and about, but conditions have improved dramatically as jose continues to weaken, and it is still hanging out off shore a few hundred miles off shore and we will present that threat of rip currents as we head into the next several days but our cbs-3 eyewitness weather watchers reporting their current conditions and we do have one

we sold it for $1,180,000.>> reporter: this realtors at this house in santa clara is no fluke.est numbers show the median price for single-family home in california is the highest in a decade. santa clara county does jump 7.9% year-over-year. >> there is a tremendous amount of money and wealth here in our valley and it is being poured into real estate like i've never seen before.>> reporter: the result, people like lisa finding it impossible to buy. >> it is depressing, insane. it is hard to fathom. >> reporter: the santa clara county association of realtors say it is the lack of inventory meaning stiff competition for the few homes available. on average those homestay on the market for less than 10 days. >> image of anywhere from one day to a weak to decide on a1 million dollar purchase. if you take to long to two- sided assault.>> reporter: if prices skyrocket some are taking and nontraditional approach work home savvy helps friends join forces, co- purchasing. >> we are creating is system where by instead of having to put an entire 22% down on a1 million dollar home you can

google is coming in. >> this realtor has seen firsthand the google effect ever since they announced the high-tech giant wants to develop a transit oriented campus with at least 6 million square feet of office space i could bring up to 20,000 jobs. he says before the announcement , this lost condo in downtown san jose lingered for a month and a half before his client scooped it up for less than the asking price. it was a much different story for almost an identical condo after the google news. >> some five weeks later, one closes a couple of doors down for 65,000 higher than what mine disclosed for and sold immediately. >> i think it is a little crazy. i think it's insane. [ laughter ]>> this mother of a one-year-old boy says she and her husband thought about selling their home near santa clara university, but after the google announcement decided to wait. >> our prices have gone up already, and i think they are probably going to go up again. we were thinking about moving, and now we have kind of changed our minds a little bit. >> folks don't want to drive 60 to 90 minutes the -- in each

thank you to the realtors, the black realtors, sheila jackson lee.hank you, feed the children and magic johnson. we got together, but i want you to know that the red cross is here you can get online on thursday on the red cross. and if you've been damaged, you can get $400 by thursday because the line crashed. and then of course, there was hearing you can apply to fema by getting a registration number. don't make a judgment on your own. don't say that you're not eligible. get your fema number. they will determine whether or not you have all the qualifications. that is helpful for the sba, which is here, that may help you as well. the $400 is for immediate red cross online starting this coming thursday. we are glad to see you out here. let us know how we can be of help. thank you. >> all right, thank you. you're all going to be all right. >> well, thank you. let me just technologies banned, which is just joining us now for those of you who are viewing us on c-span, we have two county commissioners here. what a person to represent in the federal govern

i put you in touch with a realtor. still jumping through hoops with lenders. >> yeah. >> tell us what happened. >> once we finished with you the first time, we got ahold of the real-estate agent. the next process was to put the house up for short sale. >> right. >> so, i went through the short-sale process, and it got a little frustrating halfway through because the second was sold to another lender, and then, of course, the housing market was starting to go up a bit, so they started changing the price on the house. >> the numbers. sure. >> and the initial buyer came in and was ready to pay everything the bank wanted, but the bank thought they'd get $10,000 more for the price of the real estate going up in that area, so they upped the price, the buyer backed out, we waited for another buyer, so we had to start the process over, i think, about three different times because the lender selling the mortgage out to different companies. >> yeah, and that's what happens. when you're in the middle of a short sale and new servi

. >> tara's father-in-law, vern holbrook, was one of the best known and best-selling realtors in this part of washington state. the meet time at the nursery was set -- 11:15 a.m. >> i sent him a message when i got there. he said, client's running late, just got here. see you in a bit. about 30 minutes later, i sent a message and said that i was done, and i didn't hear anything. >> how much time goes by? >> two hours. >> did you think of going to look for him? >> yeah, i did. and i thought, well, no, i don't want to interrupt him if he's with a client. do i regret that every second? yeah, i do. >> so tara turned toward home and her husband, vern's stepson, andrew. >> when she got home, she said, you know, it's really weird. your dad never showed up. and i told her, you know, he probably got tied up in a deal. >> in fact, vern's kids were used to this behavior. >> he worked more than 60 hours a week every week because he enjoyed it and wanted to help people find a home. >> vern was not only the founder and owner of the family business, aspen real estate, he was also the patriarch of a l

i keep calling realtors and drivin so i just stay here. >> reporter: realtor brook hiberger said she sees it all the time. >> baby boomers are really struggling with the decision to yo downsize becau there's not great options to downsize to. currently the trend is to live in urban centers. they want to be close to restaurants and shops. they want to have easy access to public transportation. but because the demand to live in these areas is so high, it's just become very cost prohibitive for them. >> reporter: baby boomers simply aren't moving. at least not at the rate previous generations did when they hit this age. by staying in their big houses longer, they are causing a crucial logjam in the supply line. those in smaller homes can't upsize, so they p putting more pressure at the entry level where millennial demand is only increasing. all that demand with so little supply just pushes home pric. baby boomers own almost 3.6 million extra bedrooms according to trulia, a real estate website. goldberg has four of them. she continues to look for a new place, but she also visits her new g

. >> realtors will use that to their advantage. >> no doubt. >> part of the pact. time is 4:44. we check in with katie here and the forecast. >> today's biggest impact is jose churning off shore, but it is expected to bring in certainly some rain specially the coast. more inland, less impact on you. if you're further inland, likely, have to deal with bit of breeze and maybe some clouds and shower or two, but that's really it. so, it is one of those forecasts that location, location, location, just like realtors, everything. take a look at the storm it, doesn't look all that impressive. it is still, now, going to bring us some pretty substantial impact here locally. talk about the winds, specially, that likely ends up being the biggest issue, do you think you'll see steady rain at the shore? at least for a time. but not an all day thing, flooding shouldn't be as much of a major concern for you there. we put things into motion, though. see the sustained winds speeds as high as at least 30 miles per hour, possibly right at the immediate shore, gets little higher than that, speciall

he said to the realtor, find a place. not only did he love this house, it was hard for him to leave it. he wanted somebody who appreciate its political history. when i offered the lowest riced in north america for this house, knowing it was my aunt's money, please forgive me for this price. i promise you one thing, this house will be open and available to presidents in waiting. since they were such a powerful couple, everybody wanted to be here. you knew 150 people would be here. most people -- this is the first time they are seeing bill clinton is when marty opened his doors. at that time, bill clinton was a third string democrat. he was from arkansas. nobody thought a democrat would win. everybody thought bush would get reelected area from the very beginning, marty knew this was the guy, if anyone had a shot, it was bill clinton. by opening his house to him, he put that stamp of approval. this used to be the living room. those doors used to be open to the dining room. this used to be opened to the entryway. they would i

i am excited about the houston realtors.hank you so very much for sending this up so people can get back in their homes. thank you to pastor decker. sheila jackson lee, can you see me over here? if you are in need, when you come out we have the boxes and other items for you to take away. i know right now you're getting your fema information, but also getting your mortgage and insurance information. that is very important. this is a one-stop shop. how about that? can you give some applause for a one-stop shop. one-stop shop. cooper aret and mr. here. all of these are sort of under federal jurisdiction so they made me feel good about the fact they are out here because we want to restore people into their homes. that is what we want to do. we want to make people hold weather you are in an apartment or in a house, that is short home. so the apartment or house is your home. with that in mind, we want to make sure you are made whole. is that all right? we will continue to work. i want to thank him and the red cross, all right? you

i talked with a realtor who had to put out a facebook live asking anybody who knew of a home for herighborhood schools, a neighborhood that has near zero inventory. at campbell there are 36 homes for sale in all of the city. the county numbers are really tough for buyers and sellers. take a look here at brand-new numbers this morning. in santa clara county already i total about 415 homes for sale that includes single-family homes, town homes, condos, only 900 are for sale this week. that is a 43% decrease over last year and it's been on this decline for a couple years. the realtor i talked with says that the low inventory puts the buyers and sell rs in a tough spot because folks who might want to cash in on this hot market and downsize or move up and make a little money they're staying put out of fear they won't have something to buy once they sell. if you're thinking maybe the bubble will burst, this realtor says don't hold your breath. >> we don't see that happening. we -- you know, all of the economists are looking at the job market and all of our growth around here and though it

the realtor was a long-term realtor in the east bay. >> a great neighbor to have. always looking out for people. watching the warrior games that kind of stuff. >> neighbors say the family just celebrated his 80th birthday. >> they had a huge party last weekend with valua service. the street was blocked off people from all over oakland coming up. >> a motive for the crime isn't known. in oakland, abc 7 news. >> two female found dead on a residential san francisco street today and it's being ventinged as homicide. abc 7 news was atry burn street a few blocks south was the medical examiner arrived. police got the call at 9:30 this morning someone concerned about two people in a to find a man and woman with gunshot wounds inside. they found a gun but have not said who it belongs to. they also found a baby seat in the vehicle but no baby. >> there is a car seat. there is not a child in the vehicle. and of course we are concerned for which child that would have been in that car seat. so that's still under investigation. >> police are looking for surveillance video in the

realtors say they are seeing what they call the google effect.since june when san jose announced that google wants to develop a transit-oriented complex around dardon station, real estate prices have skyrocketed. the proposed complex could bring in up to 20,000 jobs to the area. >> folks don't want to drive 20 to 90 minutes each direction to go to their jobs anymore. i would say rose garden, willow glen, santa clara, downtown san jose, a lot of places are going to benefit financially from the residential increase in prices because they are so close to where folks work. >> google is still having an effect on its home base of mountain view, 13 years later. realtors say that average sale price in that city went up $254,000 in just the last year. >>> it is 5:25. macy's and best buy are expanding their same-day delivery service trying to compete with amazon. macie as will expand is same- day service this fall into 15 more markets including austin, texas; orlando, florida. best buy will expand its same day delivery service from 13 to 27 metropolitan ma

. >>> the new report by the california association of realtors suggests that the bay area's housing pricesting worse. and ruben tells us, the median price of a single-family home is now at its highest level in a decade. >> this house that i sold my clients on september 2012 for $528,000. i put it on the market a month ago for 949. we had 23 offers on the property. we sold over $1,180,000. >>> they said the house in santa clara is no fluke. the latest numbers show the median price for single-family home in california is the highest it has been in a decade. in santa clara county, it has jumped to 17.9% year-over-year. >> there is a tremendous amount of money, and a tremendous amount of wealth in our valley. it is being poured into real estate like i have never seen before. >> at the results, people are finding it nearly impossible to buy. >> it is insane. it is depressing. it is hard to fathom. >> the santa clara association of real estate is a lack of inventory. that means that stiff competition for the few homes that are available. on average, those homes stay on the market for less than 1

realtors are seeing first hand what some call the google effect.ne, when san jose announced height tech giant wants to develop a transit- oriented pros sect, real estate prices have skyrocketed. the proposed complex could bring up to 20,000 jobs to the area. >> row garden, willow glen, santa clara, downtown san jose, a lot of places will benefit financially from the residential increases in prices because they are so close to where folks work. >> google is still having an effect on its home base of mountain view. 13 years later. realtors say that average sale price in that city went up $254,000 in just the last year. >>> time is 6:47. the san francisco police department has a new plan to reduce car break-ins. recent numbers show there have been almost 32,000 car burglaries in the city over the past two years. while police chief bill scott is says that he will dismantle the department's task force on car break-ins and reduce narcotics unit. he will put about 100 officers out on the street. this has come as some members of the police department have

on top of the realtor so we. can all go back it only got a mono about a quarter you want to hear what i believe what i mean i. thought up but i wasn't up there on top of it as a plan i think i was a cubicle. so this was heat of both of you but i really i was i mean there was a body in this budget look at me with a look at it but you don't have to let me let you know i won't even see yet that you know i see them because a lot. of them are. saying. you know. and look at how much. time it appeals to people. to get that i mean. nothing. you officer were going to get a say. testified to for me to see most of. you told the field obama on the flip. i mean i would bet but every out of town last. month you. know if. you. have placed your legal plays in if the come in this gallery on the key one can use the come in the us wouldn't pull the pedal to the pm he was going through plays and then by the also i got a. simple one of the commute income for both of them and i wrote that on my computer and let them. see. take your i

. >> reporter: the santa clara county association of realtors says that part of the issue is lack of inventory meaning there is stiff competition for the few homes available and on average they stay on the market for less than 10 days. >> you have maybe one day to possibly a week to decide on a $1 million purchase. if you take too long to decide it is already sold. >> reporter: some people take the nontraditional approach thanks to companies like home savvy that will help join forces through the purchasing in order to afford a down payment. >> we are creating a system and instead of putting the entire 20% down on the $1 million home by yourself you can split the down payment with a number of people that will go in on the home together whether they are partners, family members or friends. >> reporter: the realtors say that the competition is so stiff that being able to afford the down payment is only half the battle. >> the problem is that it does not work well dealing with a 50% down offer or all-cash offer. those people have a tendency to lose out. >> reporter: he says he would not

meantime, authorities in houston are searching for a missing realtor and mother of two.peared before hurricane harvey hit that area. crystal mcdowell is her name. she was seen leaving her boyfriend's house on her way to pick up her children from her ex-husband. police say that they do not believe her disappearance is related to the storm. >> heather: as florida prepares for a major hurricane, residents in south mexico are picking up the pieces after a powerful magnitude 8.1 earthquake. we are talking about earthquakes as well. rocked that region last night. but florida residents boarding up their homes, putting their lives on hold as this massive storm gets closer and closer. we are live in key largo. delivs to homes than anyone else in the country, delivs we never forget... that your business is our business the united states postal service. priority: you for tech advice. dell small business advisor with one phone call, i get products that suit my needs and i get back to business. ♪ >> heather: welcome back, a jury trial has been canceled for the suspect suspected of ki

a realtor called me up and said, you should look at steven spielberg's house because it's amazing.ed there for 40 years. and he's thinking of selling it. said you walk through it and it has jaws and everything in his life and i said that's way to tell a story. you divide somebody's life up into seven chapters and those will vary from person to person. each chapter is represented by an object that person chose to keep over the years. gets you into the story and the time and why it was significant. and also the lessons they learned. it makes it where there and control and invested. what we ended up getting was intimate conversations were even they were surprised about how things connected in their lives. >> objectified premieres next on fox. in the first episode they find out what will surprise viewers most about judge judy. that's how fox reports this sunday september 26, 2017. i'm john roberts. thanks for watching ha s s s s . chris: i'm chris wallace, north korea fires another missile while london is hit by a terror attack as president trump prepares to take the world stage and ad

by day, she works as a glam realtor to the stars in malibu, california.sion, combing through every document in the case. here she is in her bathrobe launching a legal treasure hunt to find some shred of evidence that might help get her father out of prison. >> these boxes have been in my family for 18 years. >> reporter: and donna hits what she thinks is pay dirt, digging up a bombshell about the d.a.'s tent pole witness, dr. david posey. at the very time prosecutors are relying on dr. posey to indict don bohana another prosecutor, steven kay, from that same d.a.'s office, is going public with his claim that posey is a "fraud," saying, "he just doesn't have the experience to know what he's talking about." today, kay, a highly regarded veteran prosecutor, stands by that claim, pointing out posey had only worked as a part-timer at the l.a. coroner's office. >> he just dabbled in autopsies. >> reporter: dabbled? >> dabbled. yeah, he dabbled. >> i don't see any insurmountable problems in this case. >> reporter: you may remember the sensational trial that kay

. >>> plus the latest on the houston realtor murdered during hurricane harvey and her ex-husband whoessed to the killing. >> and we'll speak with a college student in kentucky who said a class maitd targeted her on facebook for deportation. that's the "cbs morning news" for this wednesday. thanks for watching. vk vk -- captions by vitac -- www.vitac.com we're here when you're ready. >>> ♪ >>> hurricane survivor get a little help from hollywood's biggest stars as residents return home to survey the devastation in the florida keys. >>> and remnants of the irma are about to make their way in our area, katie's tracking the rain when it arrives and how long you may need your umbrella. today's wednesday september 13th good morning i'm jim donovan. >>> i'm jan carabao, rahel solomon is off today. lets check the forecast with katie and traffic with meisha, good morning. >> good morning, welcome. >> we're looking outside we have lots of construction on the schuylkill. we have an accident on the pennsylvania turnpike

you have realtor costs, closing costs, title companies, insurance, and you have the rehab budget.a profit. >> so they turn to crowdfunding. we've talked before in this program about real-estate crowdfunding websites, where investors, they pool their money together to fund projects. >> we raise capital from the crowd. we raise capital from thousands of unrelated investors. and we can do it online. >> we allow investors to come online and buy shares of real-estate properties. and it's as simple as buying stocks or bonds on the internet. >> we have capital like a bank, but we don't operate like a bank. >> the crowdfunding explosion had a major impact on flippers, whose lack of a steady, consistent income makes them not very good candidates for traditional loans. >> they might be doing two, three, maybe even 10 projects a year. but they want to level up. they want to take their business to the next level. but they can't get funding or they're getting charged really high rates on the other side. >> on the investor side, for most projects, you still have to be "accredited." what that me

. >> reporter: at first, realtor vicky thought this flyer was the real deal from corey stewart himself, she quickly realized otherwise when she spotted pork key instead of corey. >> what in the flyer is most offensive >> to me, it's the swastikas, i'm not that offended by the confederate flag but to see the swastika here and everything that's happening in our country. what happened recently in charlottesville. that was my initial reaction as to let me find out what this is about. >> very disturbing. >>reporter: stewart is a conservative running for u.s. senate against tim kane. currently the chairman of the board of county supervisors in prince william's county. he blamed controversial left his protest group antifa for disseminating hate filled literature >> the failure by politicians to denounce antifa and causing them to get increasingly bold. now, publishing this garbage is just extraordinarily disturbing to me. >> reporter: not only disrespects stewart calling had my a fascist but shows an unflattering mitchell of president trump. >> it's obviously, you know, put out by some extrem

realtors are now downgrading their forecast for the entire year putting sale in the negative of 2015s at the lowest in 20 months. what's the problem very short supply leading to over heated home prices. listing were down 10% overall in august and 20% for listing price under $200,000 the market is totally mix matched with buyer and especially millennials home builders are not producing at a historical level. >> theymelissa. >> all right, diana, thank you diana olick. joining me now to disjercuss is jerry howard it is great to have you onset >> thank you for having me >> from the top line, look at tax cuts for middle americans and when you put more money in the pockets of average americans, the economy expand. thatst that's a good thing. particularly recognizing the importance of small businesses of the united states and economy and pass through entities. and then thirdly the action stated commitment to the housing sector as a key to an economic and social fabric of our country makes it an intriguing plan to support and working towards a complete build up. in terms of this, i am asking

. >> i don't know what to do i keep calling realtors and i just stay here. >> she says she sees this all the time. >> these baby boomers are really struggling with the decision to down size because there's not really great options for them to down size to the trend is to live in urban centers. they want to be close to restaurants and shops. they want to have easy access to public transportation but because the demand to live in these areas is so high it's become very cost prohibitive for them. >> baby boomers aren't moving at the rate previous generations did when they hit this age and by staying in their big houses longer they're causing a crucial log jam in the housing supply line. >> if boomers don't sell their homes then those in smaller homes can't up size so they stay put putting more pressure at the entry level where demand is only increasing all of that demand with so little supply pushes home prices higher baby boomers own almost 3.6 extra bedrooms goldberg has four of them. she continues to look for a new place but also visits her new grandchild on the west coast leaving he

. >> at first glance, realtor vicky thought this flyer was the real deal from corey stewart himself,ckly realized otherwise when she spotted pork on a stewart instead of corey. >> what is the most offensive >> for me it's the swastikas, i'm not that offended by the confederate flag but to see the swastika here and everything that's happening in our country i want to say. what happened recently in charlottesville, that was my initial reaction as to let me find out what this is about. >> very disturbing. >> reporter: stewart is a conservative running for u.s. senate against incumbent liberal tim kane, he's currently on the board of supervisors in prince william's county. he blame the controversial protest group an tifa for delivering hate filled literature. >> the failure by politicians to denounce antifa and other extremists groups like this is causing them to get increasingly bold. publishing this garbage is extraordinarily disturbing. >> reporter: it not only depicts stewart call him a fascist but shows an unflattering image of donald trump >> it's obviously put out by some extremis

according to the national association of realtors, existing home sales fell 1.7% from the previous month. the median price of homes sold last month reached more than $253,000. that's up more than 5.5% from the year before. more than double the growth in an americans' income. >>> hurricane harvey displaced both homeowners and renters and put america's biggest and newest landlords to their first real test of how to deal with disaster. diana olick is in houston >> reporter: they are testing for water and at the same time testing the strength of a brand-new asset class of single family rental homes. when you started this company, did you think about a disaster like this hitting thousands of your homes? >> well, you have to prepare for everything. you can't imagine what a storm like this, this is unique. >> reporter: and it's your first test. >> it's our first test. >> reporter: they own 2800 homes in the houston area, one of the new breed of rental companies that bought tens of thousands of foreclosed homes during the housing crash and turned them into lucrative rentals. in preparing and res

. >> nick: yeah, i just got off the phone with our realtor in ann arbor.ently our fast-track liquor license is the stuff of legends. >> noah: cool. that should work in our favor, right? you know, generate some buzz for the new club... >> nick: that's it? that's all you got? just "cool," man? come on. that's disappointing. >> noah: the way things went down with the liquor board, grandpa using his clout... i know that's not how you like to do things. >> nick: look, it happened, all right? i'm over it -- mostly. we needed that liquor license to begin our expansion, and now we have it. we're gonna charge right ahead. you know? this thing is all ours. we don't owe anyone anything, including your grandfather.

realtors in this d.c. neighborhood say they're surprised to see the lack of a post-labor day bump. usually both buyers and sellers get more active, but even the less pricey homes are now sitting longer for "nightly business report," i'm diana olick in washington. >>> still ahead, this holiday season means shopping, and for some target workers, a big other >>> a cyberattack at one of the big four accounting firms may have revealed confidential client information. deloitte believes the hackers may have gained access through its e-mail server. the company contacted authorities immediately after it discovered the attack and said it notified each of the very few clients impacted. >>> a global investor group is calling for an independent investigation into a cyberbreach at the s.e.c. the investment compute institute our ici is also urging the regulator to delay the submission of new monthly performance data rules until it can assure investors that its systems are secure. the ici represents more thansh who told more than $20 trillion in assets. the s.e.c. chairman believes the software fi

. >>> plus the latest on the houston realtor murdered during hurricane harvey and her ex-husband whoessed to the killing. >> and we'll speak with a college student in kentucky who said a classmate targeted her on facebook for deportation. that's the "cbs morning news" for this wednesday. thanks for watching. -- captions by vitac -- www.vitac.com -- captions by vitac -- www.vitac.com we're here when you're ready. and i'm michelle griego. >>> good morning. thanks for waking up with us. this is the palace of fine arts in the marina district of san francisco. looking nice this morning. it is wednesday, september 13th. i'm kenny choi. >> i'm michelle griego. let's say good morning to jaclyn and neda. i used my windshield wipers this morning. >> me, too! >> it rained a little bit. yay! we have a chance of thunderstorms still and chance of showers so it actually happens. i love when it happens. here's what to expect for the day. we are going to see that continued chance throughout the morning but then the chance of rain will clear up before noon well before noon. mostly cloudy and cool toda

a realtor told us it's becoming common place to target unoccupied homes on the market. from now on these neighbors are watching the houses across the street. >> it definitely taught me to follow my instincts. >>> today some immigration officials are accused of violating their own policy, by detaining pregnant women, some for months. several groups filed this complaint against homeland security, and according to ice pregnant women should only be detained under extraordinary circumstances. senator harris tweeted today quote horrific. in a statement customs and border patrol said it's focused on the care and well being of everyone in its custody. >>> reports of abuse and inhumane conditions in federal immigrant detention centers promised california's attorney general to -- prompted california's attorney general to take over control, and monitoring of the facilities this year. immigrations and customs officials say any past problems have been fixed, and they invited us to see for ourselves. only on 5, we got a rare inside look. any called oup to run it, f >> reporter: it lo