. >> reporter: as a top selling realtor, beverly carter had become somewhat of a local celebrity. with her infectious smile, she put house hunters at ease. trusted to find the perfect home, she often did. >> beverly was awesome at it. i mean, nobody could do it like beverly could. >> reporter: but there was a downside to her celebrity. >> this realtor had a target on her back. >> she did. and she didn't know it. >> reporter: for beverly, being a realtor was more than just closing a deal. >> was she in the perfect job for her personality? >> yes. >> absolutely. >> yes. >> reporter: her sons, chad and carl jr., and carl jr's wife, kim were always amazed at how much their mom's clients loved her. >> well, one of her clients, she had gone to their wedding and then went to a baby shower. so she just sold them a house. it was a newer client. and i think that that speaks for itself. >> she had a nice smile. >> she had a beautiful smile. and, um, she had a laugh that -- that would fill a room. >> and she was hands down the most genuine person you've ever met. >> reporter: chad, beverly's

sun -- the jump her son and daughter-in-law have seen. >> they bought it for $1.4 million and the realtor told them it's for -- worth $1.85 million now. it's incredible. the prices are skyrocketing. >> reporter: the san jose metro area tops the nation with the greatest jump in the last year, up 26% with a median home value topping $1.2 million. >> it's been a rough run if you are a buyer these days. >> reporter: rick smith isn't surprised by the report. >> the demand stayed very strong so the first quarter, we saw 10% to 25% increases in sale prices just on individual sales throughout january, february and march. >> reporter: the listing agent says this house on the market for $1.3 million would've sold a year ago for $200,000 less, marking a 29% increase in value but several realtors say the red-hot housing market has cooled a bit in the last six weeks with more homes for sale staying on the market about a week longer with drops in listing price and dickerson said the home she bought was on the market for two months and she bought it for less than asking price. >> reporter: sellers late

the other realtor's account w hacked. you need to run to the bank now and stop the transaction. >> reporter: it was too late. instead of goi ohio, her 25 grand was deposited into a scammer's account at this bank near dallas, texas. >> so i wired the money, and here i am with nothing. >> it's going on state wiet, actually nationally. >> reporter: dave walsh is president-elect of the california association of realtors. walsh says hackers are now targeting virtually every home buyer, seller, and agent. >> there's bots everywhere now and they're simply attacking any server, including the real estate professional servers, for any kind of data they can get. >> reporter: as for cindy, she hit a brick wall with the banks, brokers, and even police, so she turned to us. we contacted both agents, and they blamed each other. the seller's agent, jeffrey first, insisted that he sent the proper financial instructions to cindy's agent in ohio before cindy got the bogus one. first told us cindy's agent opened the e-mail on his cell phone,

the realtor told them it is worth $1.8 million as of today. they are up $450,000 in 2 years.incredible. >> reporter: according to zillow, the metro area tops the nation with the greatest home m value topping $1.2 million. >> it has been a rough run if you are a buyer these days.>> reporter: this realtor isn't surprised by the report. >> the demand is staying very, very strong. we saw 20% increases just on individual sales throughout january, february, and march. >> reporter: the listing agent says this house is $1.3 million and would've sold a year ago for $200,000 last. but several realtors say the red-hot housing market has cooled a bit in the last six weeks with more homes for sales staying on the market about a week longer. dickerson says the home she bought was on the market for 2 months and purchased for less than asking. >> a lot of that has to do with the fact that sellers who are late to the market figure now i can get whatever i want. let's finally sell the house. and they come on the market too high.>> reporter: if the slowing continues, it could bring some relief

. >> norman mailer reports, despite the unprecedented growth, realtors are starting to see some signsf softening in the market. >> moving day is especially exciting for this mother, who recently purchased a home in santa clara. >> i am moving from berkeley to santa clara, because i am going to become a grandma at the end of magus -- august i get to watch the baby when they go back to work. >> the longtime resident knows how much home values have gone up recently, pointing out hurt son and daughter-in-law -- >> when they bought it for 1.4 million, and the realtor told them it is worth $1.8 million. as of today. up $450,000 in two years. it's incredible. the prices are just skyrocketing. >> according to villa, the san jose metro area tops the nation with the greatest home price appreciation in the last year. up 26%, with the median home value topping $1.2 million. >> let's face it. it has been a rough run, if you are a buyer these days. be -- >> realtor rick smith is not surprised by the report. >> in the san jose metro area, the demand is very strong. so, the first quarter, we saw 10,

. >> the realtor told it's -- told them is 1.8, up 450,000 dollars in 2 years. it's crazy, market is skyrocketing. >> reporter: topping the nation with the greatest home price appreciation within the last year.vae dropping $1.2 million. >> it has been a rough run if you are a buyer these days. >> and not surprised by the report. the senate be -- and a santa fe metro area, we saw 10 to 15, 20% increases on sales prices just an individual sales throughout january, february and march. >> reporter: this house on the market for $1.3 million would've sold a year ago for $200,000 less. marking a twin 9% increase in value. but several realtors say the red-hot marking housing has cooled a bit in the last six weeks. with more homes for sale, with jobs and listing prices. dickerson says the home she but was on the market two months and purchased for significantly last than asking. -- less than asking. >> a lot of it has to barkers - to the market. and i can finally get what i want and sell the house and they come on the market to high. >> reporter: but they said if the mar

secondly, i really need this to go well so he makes me his realtor.properties like they're extras in a kung fu movie. so you're just kissing up to this guy for his money? not just. i really like him. he travels the world doing charity work, rock climbs, flies planes... how does he have time to do all that? got divorced, and his whole life opened up. guy's living the dream. his dream. not my dream. i'm living my dream. you're my dream. you can stop. i so don't want to do this. recently, haley got a little creative on one of her college applications and listed herself as a "big sister." technically, i am a big sister. she capitalized the "b" and the "s." which makes sense, 'cause it was.

and the realtor told them it was worth 1.8, up $450,000 in two years. >> reporter: the metro area tops the nation with the greatest home price appreciation in the last year. it is up %, home topping $1.2 billion. >> let's face it, it's been a rough run if you're a buyer these days. >> the demand stayed very strong. in the first quarter, we saw, 10, 15, 20% increases in sales prices through the january and february and march. >> reporter: the listing agent put this house on the market for $1.3 million would have sold a year ago for $200,000 less, marking a 29% increase in value. but several realtors said that the silocon valley's red hot housing market has cooled a bit in the last six weeks. this woman was on the market two months and purchased for significantly less than asking. >> a lot of that has to do with the fact that sellers are a little late to the market, figure, now, hey i can get whatever i want. let's findly sell the house. -- finally sell the house and they come on the market a little too high. >> reporter: if the slowing continues, it could bring some relief to those look

the realtors association now requires agents to include this printed warning in every contract. do not ever wire or electronically transfer funds prior to calling to confirm the transfer instructions, and only use a phone number you were provided previously. >> to just simply trust the wiring systems based upon getting a single call or a single e-mail, there could be problems. >> reporter: unfortunately that warning came too late for our buyer. banks and police told her there is nothing they can do to get her money back. what do you think you could have done differently to prevent this from happening? >> call back. >> call back. >> reporter: yep, call back everyone and verify everything. wiring money for down payments, it can be fast. it can be convenient. but it's apparently a very quick way to get ripped off. here's one thing that we heard over and over again from the real estate experts. you can still get a printed cashier's check. >> i was going to ask if you just take a cashier's check in, probably safer. >> yes, you can still do that and perhaps you should until there's an

. >> we have a lot of realtors. >> suits, shirts, purses, children's backpacks in styles that camouflage with your everyday life. >> it's fashion, but fashion with protection. >> is this a fashion trend? or part of a grim new reality? >> plus survival of the slickest. teasing, tempting, stealing, love away. >> a little bit like romantic musical chairs. >> the salacious reality show sending singles to con sthusly uncouple new lovebirds. it's catching fire over in britain. how far will they go? >> first here, the "nightline" five. >> missing out on my family outings i can't find a bladder leakage product that fits. everything was too loose. >> introducing more sizes for comfort. depend fit-flex underwear desteend desig designed to be your best fit. >> moisturizer after moisturizer -- one blows them out of the water. hydroboost from neutrogena. to plump skin cells so it bounces back. >> number one is c (sound of footsteps) (sound of car door opening) (car door closes) (sound of engine starting) ♪ ♪ at ikea, we believe your perfect student deserves the perfect room for the perfect price. so

our undercover investigation showed realtors coaching people on how to profit off of this loophole. for the past week, inside oakland city hall it has been attendance -- >> my landlord also tried to take advantage to raise rent and get me out of my house. >> versus landlords -- >> i should not be kicked out by your stupid policy. >> tensions are high. each of the 78 people feel like they are right when it comes to housing in oakland. right now, tenants living in duplexes and triplex is can be evicted without justcae. a ot measwould ange that, giving them the same protection as those living in larger apartment buildings. it was introduced by councilmembers. >> we want to make sure they have an opportunity to vote on something that gives more protections that the rest of the renters already have. >> the restrictions on evictions go away -- >> an investigation exposed realtors coasting investors on how to profit from the law. they walked us through duplexes and triplex is and told us how to legally kick everyone living there out. often times, the tenants were within earshot. >> i do no

association of realtors.umentary that takes a close look into the life and death of whitney houston hits theaters friday. "whitney" tells the story of houston's rise to fame as a teenager... and her slow fall from grace. houston was signed to arista records by legendary producer clive davis when she was only 19-years old. the multiple- grammy winner died in a drug-related drowning in 2012 at the age of 48. the film features previously unseen home video of houston's private life and interviews from more than 70-people who were close to her... 'whitney' opens friday in 400 theaters nationwide. (vicki) oprah 2020? ....not likely. winfrey revealed in a recent interview...her distaste for the presidential position. she said quote "all the non-truths, the crap, the nastiness, the backhanded backroom stuff that goes on -- i feel like i could not exist." speculation first surfaced during her motivating speech at the golden globe awards in january. she has since put those rumors to rest and continues to focus on her s

in time during that districts for some kind of wire fraud. >> reporter: the con is so common the realtor'stion requires agents to include this instruction. do not transfer fund before calling. >> simply trust the wiring systems based upon you getting a single call or a single e-mail, there could be problems. >> reporter: unfortunately, that warning came too late for our viewer. what do you think you could have done differently? >> call or call back. >> reporter: call back. wiring money during a real estate transaction is convenient and fast but perhaps a quick way to get ripped off. real estate professionals still tell us you can still get a printed paper cashier's check from the bank. plaps perhaps that's one way you can make sure that your money goes exactly where you intend it to go. we have more real estate wire fraud resources on our website. share them with your friends and family. get the word out. nbcbayarea.com/responds. while you are there, share your consumer complaints. or you can call us, 888-9946-tips. >>> much more ahead on today in the bay. coming up, it's our clear the she

but it's your a little bunted local realtor i'm going to france i mean for that i had a. six you. know for a. loss of our house. and several you and i think. that i sold. up a side of the you know both of you know what i'm going to lead if you give you any got to tell. the owner of my heart but also you know gary on the whole in their lineage been in this little one on. one thing that on side you'll see on a soap opera but on the not well known for the. people that live. you. know if you do if he did you know in the form. he there you remember him in the end. it's. very. big they're going to. kill the president in three months. if we will buy them to put him in there. and let it be for three. young men. a sick got a lot of. free. i want i want my have you seen this. in. the cia. i kid i want to go for mother be there get to know him for a couple of us. that are called even though he's a monkey you weren't going to come on my stuff michael said. is your little boy. complaining. oh you're going on me well that is for one thing you really want to get out of it and. then i don't under

me i mean do i rank you i will believe it or not but it's your the little band-aid local realtor i'm going for so i mean to let it out. six you. know for a. loss of our house. and several you and i think. it. could also add. up the subtle ways so you know before you know it i'm up on the lead of you give you any got to tell. us what else you know gary on the whole on. this little one on the holiday and the one thing the downside you'll see on a soap opera but i'm on the run one for the. other. so if you do see get you in the world. to me and. it's. very. big they're going to. get the president into my. little cousin. put him in there. and let it be for three. young men. yet i will say the. basic got a lot of. infinity. but i thought on some of my have you seen this. in. the cia. thank you no one eco paul mother neither get to know him for a couple of us. in the monitor. but our whole being nothing i'm walking away going to come up in my throat michael said. who is your little boy. complaining. oh you're going on the level of one that you really want to get and. then i don't want to h

the national association of realtors was pretty clear when this came in. they said the combination reducing from one million to 750,000 and billing the standard deduction. that means the hiring and lowering of the tax regime, you've essentially eliminated the incentive to own versus buy. i'm saying the national association of realtors who knows the most about this says the net effect of the bill will be to lower property values. a gentleman i met in downers grove who has a business that buys and rehabs apartments has retuned his business to say this is a great time to be renting, buying properties and renting them because it's supply-demand. if you reduce the incentive for ownership, you increase the pressure -- mike: let me switch gears. mr. casten, you propose to ban assault weapons and large magazines attached to them but millions of americans have those weapons and enjoy them. why would you ban them? mr. casten: for a real simple reason, unless your job requires you to kill large numbers of people quickly, i don't know why you should own a weapon that'

. >> reporter: realtor dave clark says some homes are still getting offers for over the asking price, but others are selling for below the asking price. he calls it a normal market, and an opening for buyers sitting on the sidelines. >> >. now it's the perfect market. prices are where they should be, activity is where it should be. we have multiple offers sometimes, sometimes we don't. >> reporter: so far no offers on allen's property, but since it's walking or biking distance from the new silicon valley offices, it shouldn't take long. >>> coming up, secretly streamed. new concerns after an uber or lyft driver is accused of recording passengers without their knowledge. >>> and one place is telling facebook no more free food for employees. >>> and bubble tea shops in a slammed into a beauty supply store in southern california. appened in newport b >>> some new video shows the moment a tesla slams into a beauty supply store in southern california. it happened in newport beach this morning. the driver gets out, now watch, she kind of puts her hands on her head and falls down on the floo

. >> i asked realtor preston westmorland to show us around. >> we used to call it the "oh, my god housebecause people invariably would come in and look around. and they couldn't believe what they were looking at. and they go, "oh, my god!" you know? >> the boulders almost seamlessly blend into a modern southwestern-style home. >> this is the most amazing sight people have when they come into this -- this large great room. and you've got a huge monolith of boulders, about 95 feet long and maybe 25 feet high. you can kind of get the idea of how they hermetically sealed the entire property with glass scribe to the rocks. this large rock here, while it's very stable, they wanted to make sure it wouldn't move. and they've got flying buttresses with steel and concrete to support the bottom of it. you're looking at the big viga poles, part of the southwest architecture, which is the only form of architecture indigenous to the united states. and this massive wall of precambrian rocks with an interesting slit right here. and the people who built the house discovered that on the equinox, a beam o

so when i contacted this realtor, i was like, "give me one of the nicest houses in waycross," 'causeg in this town, she would be able to feel better about herself and the business would benefit. in order to be in this business, you have to live here. i showed you today examples of if you're not where the business is, things happen. inventory isn't counted right, you can't get the books and records right, and a lot of it is because you're not actually there. nancy: that's not something i really considered or thought about, so -- lemonis: moving to waycross is not something you thought about? nancy: mnh-mnh. lemonis: it doesn't make sense to me that you don't think it's important to be where the business is. nancy: mm...i'm not sure. i do love the beach. lemonis: but the beach isn't where we make trailers. nancy: but -- exactly. lemonis: do you think she thought she was gonna live with me in waycross? amber: no, but why not tom live in wayc-- why are you just taking nancy? lemonis: because i felt like tom was gonna be easier to get to the other side. amber: mm-hmm. nancy: what's up wit

the california naacp is joining with california builders and realtors to fight against a rent control ballot measure, fight against. proposition 10 would allow california cities to expand rent control. properties built after 1995 are exempt. this proposition would do away with that. all properties could be placed under a rent control law. opponents say the measure would result in more condoization and fewer units available for rent. >> what it does is it strikes fear in anybody who owns any land, fear that they're not going to get any fair compensation on their own investment. >> supporters of the measure say tenants need immediate relief from outrageous rent increases. pfizer is stopping its planned price hikes on dozens of prescription drugs. the decision comes after president trump said the company should, quote, be ashamed, close quote of the price hikes. the company says it will forgo the increases in an effort to give the president time to put together a national affordable health care plan. you may remember that pfizer was looking at increases of up to 10% on drugs to treat eve

. >> reporter: realtor larry gallegos showed us this 1,200 square foot three bedroom, two- bathroom houseou'd think he couldn't give away. >> it has leaks in the roof. it's pretty much dilapidated. >> reporter: but this is blue collar, middle-class fremont, where the american dream means brace yourself for sticker shop. what did this house list for? >> a million. >> reporter: what did it sell for? >> $1.23 million. >> reporter: this is a million dollar dump. >> right. >> reporter: the buyer beat out six others competing offers, all above the asking price. this is mind blowing. these houses are very average, ordinary. >> correct, it's a little mind- blowing, but it is the norm around here. >> reporter: that norm is fueled by thousands of well-paid tech workers who have driven up the median price of a san francisco home to $1.6 million, the highest in the country. and while housing prices are rising faster than incomes nationwide, nowhere is it more evident than in the bay area, where home values have soared a staggering 64% over the last five years. now, this house is a fire sale, but don'

however, realtors say the market may be softening.d 26% over the past year. the median home value is more than $1.2 million in san jose. several realtors say they are seeing homes stay on the market longer. >> a lot of that has to do with the fact that sellers that are late to the market figure i can get whatever i want. let's finally sell the house. and they come on the market too high. >> if the slowing continues, it could bring relief to people trying to get into the housing market. >>> warriors will be back next season. there is a one-year minimum deal. the head coach started using him against smaller lineups last season. he played well against houston. including him, the warriors also signed kevin durant and demarcus cousins to new deals. the warriors now have 12 players on the books for next season. >>> hundreds of thousands of people are going to gather in san francisco tonight. what you can expect from this year's fireworks display and the final touches being worked on right now. >>> plus firefighters are still working overtim

does is, the employers are coming to me, i don't care what the industry, homebuilders, bankers or realtors, they come into visit to talk about their issues and then they say what are you doing about the opiate epidemic. the talk to me about alzheimer's and obesity and high blood pressure and i say let's work together. i think going forward and i want to try to conceptualize this and work with thoughtful people. instead of focusing on disability in the workplace, let's focus on ability and how you have the strongest, most capable workforce everyone coming along at the height of their potential. that's ever tax code reflect that so our side wants to subsidize renewable energy. let's have a tax deduction reflect what is better for employees and helping them to manage. we have incredibly high stress from people trying to raise families while working. the workplace has not changed. my son turns 30 on monday. nothing is different than when i was struggling with that. i just thought we were in the first wave of people coming through. but talk to any young people now about trying to think about th

san mateo based realtor jim bolton says inventory is down but prices arestill going up.jim bolton "...houses still sell quickly and they are selling for more than the asking price, typically..."indeed, median prices in june for existing homes in the nine county region have seen double- digit gains over a year ago, to $920,000, but sales dropped 9-point-2 percent according to the real estate data firm core logic. i asked bolton to weigh in on that.jim bolton "....we are seeing some degree of variability, by that i mean price increases versus price decreases, so we're seeing a bit moe decreases which may be be an indication of what some are seeing as a softening of the market..."but not here in san mateo county, where the median sales price in june for single family homes was 1.5 million.nats (sales video) bolton has the listing for this home in montara. it has five bedrooms and an ocean view. jim bolton '......things are little less expensive out on the coast, it's about 3100 square feet, priced at about 2.1 million, that seems like a lot and it is for some people but based on a cost p

govern protection of vulnerable species, development issues are crucial because energy companies and realtors, construction firms and others want to streamline the regulations that require them to protect habitat. >> host: let's go to grand rapids, michigan. michael is there and you on the air, very interesting points on returning to the state issues. the problem is, two things. one, the loss of the passenger of his gin. when things are allowed to be directed by the state. and -- passenger pigeon. everything goes back to the states control, then the states can destroy whatever animal population they want. they do allow the contractor,, the developers to come in and destroy the land, if you will. so this idea that republicans continue -- this goes back before the civil war, states' rights, you could have slavery. state rights will, in fact, destroy this country. >> host: i'm going to take that point. mr. doyle? >> guest: the caller underscores the fact that this conflict between state authority of federal authority, between state prerogatives and federal responsibilities is decades, even sever

. >> landlords and realtors say that people should have the right to determine who they share their home with. voters in oakland will also decide whether to place a special tax on vacant properties. the city council advanced the measure to the november ballot last night. the money collected would go towards services for the homeless and to clean up some blighted areas. >>> time now is 5:09. a pizza deliveryman who was detained by i.c.e. for almost two months is finally free. we'll have his emotional reunion. >> and the trump administration accidentally releases documents that would have hurt its case in a heated debate over public lands. >> i'll let you know about some of the statewide records that we were broken and today will be the hottest day we are the crowds develop especially on portions of highway 4. is this part of your commute? we'll take a look at the travel times coming up. a maybe you could save energy by weaving your own shoes... out of flax. or simply adjust your thermostat. do your thing, with energy upgrade california. ignored data showing some environmental protections

san mateo based realtor jim bolton says inventory is down but prices arestill going up.jim bolton "..ses still sell quickly and they are selling for more than the asking price, typically..."indeed, median prices in june for existing homes in the nine county region have seen double- digit gains over a year ago, to $920,000, but sales dropped 9-point-2 percent according to the real estate data firm core logic. i asked bolton to weigh in on that.jim bolton "....we are seeing some degree of variability, by that i mean price increases versus price decreases, so we're seeing a bit moe decreases which may be be an indication of what some are seeing as a softening of the market..."but not here in san mateo county, where the median sales price in june for single family homes was 1.5 million.nats (sales video) bolton has the listing for this home in montara. it has five bedrooms and an ocean view. jim bolton '......things are little less expensive out on the coast, it's about 3100 square feet, priced at about 2.1 million, that seems like a lot and it is for some people but based on a cost per s

. >> reporter: dave walsh is president-elect of the california association of realtors. >> there's roughly 410,000 transactions that will go on this yr. and many will be targeted for fraud. >> reporter: this printed warning is now included in every contract. do not ever wire or electronically transfer funds prior to calling to confirm the transfer instructions. and only use a phone number were you provided previously. >> if you simply trust the wiring systems based upon you getting a single call or single e-mail, there could be problems. >> reporter: unfortunately, that warning came too late for our buyer. banks and police told us there is nothing they can do to get her money back. what do you think you could have done differently to prevent this from happening? >> call back. >> reporter: wiring money during a real estate transaction is convenient and fast, but perhaps a quick way to get ripped off. real estate professionals told us you still get a printed, paper, cashier's check from the bank, perhaps that's one way you can try to make sure your money goes exactly where you intend it to g

this realtor is marketing the studio apartment in the south of market area, the list price, $499,000.nds that the cost of a home in san francisco can cause sticker shot, but says that the trulia might be missing something. >> something fundamental, home ownership is not just about how much money goes out every month, but the freedom for not being held accountable to a landlord. >> reporter: real should take -- continue to appreciate, so owning is a long-term investment. >> you continue to build wealth if you own the property, that doesn't change.>> reporter: but some residents say it might be time to look somewhere else. where their homebuying dollars would go further. >> i would love the option of living here long-term, but honestly, we are looking at moving out at the beginning of next year, because we want to grow together, it's not to happen here -- it's not going to happen here.>> reporter: until now, renting has been better, with relatively flat rents with skyrocketing home prices, ktvu fox 2 news. >>> the numbers from the weather service, the highs from today, not too bad, abou

san mateo based realtor jim bolton says inventory is down but prices arestill going up.jim bolton "...houses still sell quickly and they are selling for more than the asking price, typically..."indeed, median prices in june for existing homes in the nine county region have seen double- digit gains over a year ago, to $920,000, but sales dropped 9-point-2 percent according to the real estate data firm core logic. i asked bolton to weigh in on that.jim bolton "....we are seeing some degree of variability, by that i mean price increases versus price decreases, so we're seeing a bit moe decreases which may be be an indication of what some are seeing as a softening of the market..."but not here in san mateo county, where the median sales price in june for single family homes was 1.5 million.nats (sales video) bolton has the listing for this home in montara. it has five bedrooms and an ocean view. jim bolton '......things are little less expensive out on the coast, it's about 3100 square feet, priced at about 2.1 million, that seems like a lot and it is for some people but based on a cost p

a realtor we talked to said buying a home is still a good long term invest member. >> the fact that you continue to build wealth if you own a property. that doesn't change regardless. >> i would love the option of being able to live here long term but we are looking at moving out of the city at the beginning of next year because we want to grow together and it's not going to happen here. >> reporter: the study said in the history of this rent verses buy report they have never found renting to be a better deal until now. they say the reason is that relatively flat rents while home prices continue to rise. >>> drivers are fed up with the long lines the dmv. state lawmakers calling for an audit alleging management be falsifying the wait times. sometimes it can take up to six hours just to file simple paperwork. two legislative hearings about the dmv are scheduled for next month. >>> we want to check in with sal. what are you watching in the commute? >> highway 4 is slower than usual. if are you driving in there bay point to concord. i want to show you something here. it seems to be improvi

the realtor says there were several offers higher than 1.4 million.rom los angeles who promised to preserve the town and keep it open to the public. the cell closed a couple days ago last friday. struck one of amazon's biggest day of the year got off to a rocky start today. prime day a 36 hour period offering big deals. companies got error messages while trying to shop during the 1st 2 hours of the cell. amazon said it was able to resolve the issue splitting the site was overloaded by customers logging on it. our tech analyst said it was caused frustrations and customers and also cost amazon millions of dollars. >> it was estimated about $34 million an hour essentially is what amazon was losing. after 2 hours it was back up and functional for most americans. i'm not getting and reports anymore that it is down. >> and they offer discounts to members who pay a fee. >>> now to wall street where the market started the week off on a mixed note. the dow was up almost 45 points, with financial companies leading the way. the snp close to 2 points lawyer. the

bid $44 billion takeover for nxp semiconductors, china's realtors failed to approve the largest everl in the chip industry before a final deadline. and xp will get $2 billion in compensation. that is your latest bloomberg business flash. ♪ the european glows on "bloomberg markets." the big news was a autos after meeting onuncker traded. will be another limitation of tariffs on exports of cars from the eu to the united it. autos up by 2.5%, telecoms, health care, industrial goods and services among the other strong performing industry groups. ecb,l you about the there's the euro. as you can see, a little lower. come down in the wake of the ecb decision today, cap rates on hold and a couple of interesting things, they didn't discuss the reinvestment strategy, sums that it could, would, might. they didn't. and it said uncertainties tensions related to trade remain prominence as well. statementrsion of the should be the one you look at. that relates to the fact that rates will be raised until through next year, someone you look at the french translation that might mean early summer. that

the national association of realtors says more supply is needed to meet demand.ar producing nations man to meet tomorrow without the u.s. to discuss a response to president trump's threat of tariffs. the european union, canada, mexico, south korea, and japan will take part in geneva. president trump has backed off his plans for tariffs on cars from europe. -- technology and pharmaceutical companies from shifting products offshore. it will hit big banks with offshore operations even when they are paying for an taxes. bank lobbyists are urging the treasury department to come up with a fix. in zimbabwe, the first election since independence in 1980 that doesn't have robert gabi's -- robert moog be -- the main opposition party is claiming the odds are stacked against it. global news 24 hours a day, on air and tictoc at twitter, powered by more 2700 journalists and analysts in more than 120 countries. i am kailey leinz. this is bluebird. vonnie: coming up on -- this is bloomberg. vonnie: markets taking a bite out of tech today. we have two charts on that. this is bloo

a realtor we talked to said that buying a home is still a good long term investment. >> the fact thate to build wealth if you own a property doesn't change. >> i would love the option of being able to live here but we are looking at moving out of the city just because we want to grow together and it's not going to happen here. >> they said in the history of the rent verses buy report they have never found renting to be a better deal than owning until now. they say the reason is flat rent while home prices continue to skyrocket. >>> today is a major league trade baseball deadline. the a's look to be buyers. the a's pick picked up a reliever earlier this month. the giants did most of their shopping during the off season and traded for evan longoria. now they may trade away some players. . >>> chris giles will join us in the studio talk about the team's new season ticket plan. the trade deadline and also the oak lands a's push for the playoffs. . >>> now the hall of fame will give owena a glass locker just like the rest of the class. footage of his career will be in the opening video. he

. >> despite the unprecedented growth, realtors are seeing signs of a little bit of softening in thee in days especially exciting for this mother who purchased a home in santa clara. >> moving from berkeley to santa clara, becoming a grandma, and lucky enough to watch the baby when they go back to work. >> -- >> reporter: she knows how much home values have gone up recently, the jump when they bought it two years ago. >> they bought it for $1.4 billion, and the real tour told him it is worth one $.8 million, in two years, the prices are skyrocketing. agreement san jose tops the nation with the highest home appreciation, up 26%, the median home value is $1.2 billion. >> let's face it, it has been a rough run.>> reporter: he isn't surprised by the report. >> in the san jose metro area, demand has stayed strong, the first quarter, we saw 10%, 15%, increases in sale prices just on individual sales, throughout january, february and march. >> this house in the market, $1.3 billion, it would've been $200,000 less last year, -- $1.3 billion. >> reporter: the housing market has cooled a bit,

the duplex loophole, a ballot measure to make it more difficult for duplexes and triplex is, how realtorsand landlords are fighting the proposal. >> would be hard for me to stay in oakland if i move. >> reporter: mark is a singer- songwriter living in a duplex in west oakland. he is from the uk and has been living in this rent-controlled apartment for the last seven years. now his landlord is trying to kick him out. >> it's been intimidation. >> reporter: threats and bills and more are some of the things he is dealing with. a landlord is a vacant home is worth more. >> if it's vacant, thick and listed higher. even real estate agents are promoting evictions as great short-term investments. >> reporter: mark is now adding his voice to desmond -- dozens of oakland is fighting for tenants rights. they want to see the city close the tenant loophole so whoever buys marks duplex cannot kick him out immediately. right now, they legally could. closing the duplex loophole is something that would mean city council support should become a ballot measure in november. it is something the council has ta

does is the employers are coming to me -- i don't care what the industry, homebuilders, bankers, realtors, they come in to visit to talk about their issues and then they say, what are you doing about the opioid epidemic? they'll talk to me about alzheimer's. they'll talk to me about obesity, diabetes and high blood pressure. and i say, let's work together. i think going forward, and i really want to try to thoughtfu again instead of focused on the disability of the workplace, focus on the ability, and focus on how you have the strongest most capable workforce everyone humming along at the height of their potential. and let's have our tax code reflect that so that we can give just the way that, you know, ow our side wants to subsidize r u renewable energy because it is better for the world, and let's have the tax deductions reflect what is better for employees, and in helping them to manage. we have incredibly high stress for people trying to raise families while they are working. the workplace has not changed one iota, and my son turns 30 on monday and nothing is different from when i was

i'm saying the national realtors whof knows the most about this says the net effect of the bill will property values. a gentleman i met in downers grove who has a business that apartments has retuned his business to say this is a great time to be length, properties and renting them because it's supply-demand. if you reduce the incentive for increase theu pressure -- moderator: mr. casten, you propose to ban assault weapons magazines attached to them but millions of splerns and enjoy them. why would you ban them? mr. casten: for a real simple job requiress your you to kill large numbers of people quickly, i don't know why that'suld own a weapon designed to kill large numbers of people quickly. i like eating meat. i don't particularly want a piece of venison that's been strafed. this isn't interfering with sportsmenights to be or people's rights of self defense. this is putting guns in the hands of people that have an that is only designed for military uses and when we now coming into schools and communities, how do you defend against that? this should not be a hard choice. moderator:

. >> many landlords and realtors say that people should have the right to determine who they share their home with. >>> muni riders can expect to see more buses and trains on several routes. according to the "san francisco examiner," starting in august, riders will see an increase in the k, it. and 8 lines and in february, next year, more m, 12, 29 and 44 lines as well as k, t and 8 lines. >>> let's see how mass transit is looking this morning as well as the roads. for that let's check in with jaclyn. >> mass transit is looking good right now. no delays. we're tracking problems, this is if you are making your way out of the south bay, northbound 101 dealing with the usual slowdowns as you head through morgan hill. but then as you get further north, we are tracking two two crashes at 280 and 680 separate crashes near alum rock. a car flipped off 580 and ended up on castro valley boulevard between the on-ramp to 580 and 238. so that westbound direction blocked as you can see 238 and 580, but the freeway itself is moving at the limit. >>> i'm just going to gaze at this view and hopefully yo

the realtor says first consideration will go to bidders who want to keep the home intact.ing and closing credits of the brady bunch, one of the most photographed homes in the united states. but they did build sets so the inside of the house doesn't look like the show. >> interesting. >> yeah. they built the sets and shot it somewhere else. >> it is a very familiar -- i guess if you are older, it's a very familiar house. >> wait a second here. i'm not that old, pal. >> i recognize that. i'm just saying young people would probably not recognize it. >> you're probably right. i'll give that you one, okay. >>> coming up, the first round of the open in scotland is complete and tiger woods is in the hunt. mark will have highlights in sports coming up next. >>> mark is here now. the warriors introduced their new big man. >> the warriors keep on getting better. get on board the boogie train because it is leaving the station. whether the rest of the league likes it or not, warriors get loaded up with more talent, made it official today kind of introducing him to the media. pretty mu

what kind of home sales maybe behind this increase and why what realtors say is happening in that marketise you.>>> my favorite flowers are tulips but this one may award a special trip to san francisco. a special flower is blooming in the conservatory why people are lining up to spell it. >>> good morning. an arbitration hearing is beginning over the golden state warriors plan to leave oakland and moved to san francisco. the warriors will move next year and they will still owe taxpayers millions of dollars. coliseum officials say the teams annual rent for oracle is used to take -- pay off bonds for renovation. they said lane which in that rental agreement allows the team to stop making payments. the hearing is closed to the public and the media and could last all week. the decision will be final. both sides agree to binding arbitration. >>> the 49ers reached an agreement with their first round pick. here is this offensive lineman. you will find -- sign up for a four year $18 million contract today. he was from notre dame and was overall pick. he looks like he will start for the 49ers thi

. >> reporter: realtor larry gallego showed us this 1200 square foot three bedroom two bathroom house. you'd think he couldn't giveaway. >> you have leaks in the roof. it's pretty much dilapidated. >> reporter: but this is blue collar middle class fremont where the american dream means brace yourself for sticker shock. >>> what did this house list for? >> a million dollar. >> what did it sell for? >> a million 230. >> reporter: a million 230? >> yes. >> reporter: this is a million dollar dump. the buyer beat out six prices above the asking price. this is average. >> it is the norma round here. >> reporter: that norm is fueled by thousands of well-paid tech workers who have driven up the median price of a san francisco home to $1.6 million, highest in the country. and while housing prices are rising faster than incomes nationwide, nowhere is it more evident than in the bay area where home values have soared a staggering 64% over the last five years. >>> now, this house is a fire sale, but don't expect a bargain. it went on the market for just under a million and a half dollars. and ser

hackers somehow hijacked the e-mail chain with a realtor and title company and tricked her into wiringoney to the wrong account. >> you could have known. that's why we all four my agent floored, too. we don't know. we don't know that. >> tonight, at 11:00, we reveal the huge cost to the country. plus, we walk you through the crucial step every home buyer and home seller to take to prevent this kind of fraud. we have created a special section all about real estate fraud on our website. nbc bay area.com/responds. while you're there, also reach us with any consumer complaint you have. you can also call us any time. 888-996-tips. i'll see you again tonight at 11:00. >> thank you, chris. >>> going to cost less to host your july fourth cookout this year. the american farm bureau estimates the cost of summer barbecue less than $6 a person, 1% less than last year. higher production helped push down retail meat prices i. items on the menu as always include hot dogs, cheeseburger, spare ribls, salad, watermelon. the overall cost for ten people about 55 bucks. >> calling malarkey on the farm bure

san mateo based realtor jim bolton says inventory is down but prices arestill going up.jim bolton "..ll sell quickly and they are selling for more than the asking price, typically..."indeed, median prices in june for existing homes in the nine county region have seen double- digit gains over a year ago, to $920,000, but sales dropped 9-point-2 percent according to the real estate data firm core logic. i asked bolton to weigh in on that.jim bolton "....we are seeing some degree of variability, by that i mean price increases versus price decreases, so we're seeing a bit moe decreases which may be be an indication of what some are seeing as a softening of the market..."but not here in san mateo county, where the median sales price in june for single family homes was 1.5 million.nats (sales video) bolton has the listing for this home in montara. it has five bedrooms and an ocean view. jim bolton '......things are little less expensive out on the coast, it's about 3100 square feet, priced at about 2.1 million, that seems like a lot and it is for some people but based on a cost per square f

san mateo based realtor jim bolton says inventory is down but prices arestill going up.jim bolton "..and they are selling for more than the asking price, typically..."indeed, median prices in june for existing homes in the nine county region have seen double- digit gains over a year ago, to $920,000, but sales dropped 9-point-2 sales dropped $920,000, but sales dropped 9-point-2 percent according to the real estate data firm core logic. i asked bolton to weigh in on that.jim bolton "....we are seeing some degree of variability, by that i mean price increases versus price decreases, so we're seeing a bit moe decreases which may be be an indication of what some are seeing as a softening of the market..."but not here in san mateo county, where the median sales price in june for single family homes was 1.5 million.nats (sales video) bolton has the listing for this home in montara. it has five bedrooms and an ocean view. jim bolton '......things are little less expensive out on the coast, it's about 3100 square feet, priced at about 2.1 million, that seems like a lot and it is for some peo