and the redfin vice president of communications sent a statement saying, that a redfin contractor made concerning comments over the phone and we took swift action and work closely with our law enforcement to ensure our bay area employees were safe. out of caution, we closed four bay area offices. had they will not describe who the former employee is and refuse to communicate the threat to the extended workforce. this is another example of the poor corporate practices, putting dollars on over the health and safety of their workforce. it's frightening. >>> while, three east a bay offices repla -- remain closed, thursday employees leaving the office said they were aware of the threat. >> i'm not too frightened, people get upset all the time. >> jason is a redfin software engineer, because of the incident, there was a securitier guard on his floor and with counselors. >> i feel safe, i think with the attention and our management has given us -- >> they have been in touch with the fired employee, they tell me that they checked and have no reason to believe that he has access to any weapons.

redfin is a real estate and brokerage company. police say the fired employee who made the alleged threat worked out of the dublin office. a statement says in part, a redfin contractor made concerning comments over the phone. we tookd swift action and worked closely with law enforcement to ensure our bay area employees were safe. we closed four bay area offices. they will not describe who the former employee is and refuse to communicate the threat to the extended workforce. this is just another example of their poor corporate practices putting dollars over the health and safety of their workforce. it's frightening. while three east bay offices remain closed, the san francisco office reopened wednesday. on thursday employees leaving the office say they were aware of the threat. >> i'm not too concerned, not too frightened. people get upset all the time. >> reporter: jason is a software engineer. he says because of the incident there was a security guard on their office floor this week as well as counselors. >> i feel safe, especiall

redfin says last monthent 35% of bids in san francisco faced a bidding war. down 72% from 2018. san diego was the second most competitive market in the nationing with 21% of redfin offers facing competition. >> abc7 is committed to helping build a better bay area. we've been examiniing high rent >> the problem is especially acute among the homeless veterans. eric thomas spoke with a vet about his struggles. >>> the good news is eric taylor won't be will being in his rental car this week. instead the veterans support group swords to plow shares is putting him up in this hotel for one week. >> just to is have to go through this. >> spread out on his bed are letters, applications and responses from agencies he's contacted for housing help. >> no one expects to be in this situation but it happens. >> reporter: the veteran is disabled from a training injury that broke his lower back in the '80s. he lived in emeryville for 14 years till his landlord died and he moved to hayward and lives there for nine years il it the owner turned it into an airbnb. he has shuttled between motels and

. >> reporter: glenn kelman is the ceo of redfin. he acknowledges convenience comes at a cost and offers are often below market value. >> whether from zillow or redfin we charge a premium for that service. >> reporter: the national association of realtors says the premium it may be too costly for sellers. thought they would lose out in the price because the business model for direct purchase is that they were buying it. they could be 10 percent low market price. in some cases, 50 percent. 12 linda said she is happy with the process and the ability to move on so quickly.>> i'm so happy. >> reporter: zillow is fixing up her house and willing to sell it for more money. laura podesta, cbs news, new york. >>> if you have a consumer problem or question, email us, consumer watch at kpix.com. 5 -- >>> today's tip of the day or summertime red peppers. the matter what you cook they are delicious and they are a superfood. 330 percent of the vitamin c you need for the day on the beautiful red peppers. these are not hothouse grown. the more long

police say he worked at redfin's dublin office. the real estate company closed its bay area offices as a precaution. the san francisco office reopened on wednesday. employees say the company brought in counselors and a security guard. >> i'm sure it will help calm a lot of peep's nerves. i'm not particularly frightened. >> pleasanton police have been in touch with the fired employee. they say they have no reason to believe he has access to any weapons. redfin's east bay offices will reopen next week. >>> 6:04 now. ntsb investigators will be in tennessee examining this wreckage. this is a plane crash involving dale earnhardt jr. and his family. it could have been so much worse. the nascar legend was in his private plane with his wife, young daughter and two pilots when it skidded off the runway and burst into flames. he went to the hospital with cuts and scrapes. he's already been released. earnhardt retired from full time racing in 2017. he now works as a tv commentator. >>> one of the two congresswomen denied entry into israel has

cities.>> reporter: is redfin the huber of real estate?can look at it that way. >> reporter: he is the ceo of red fan. he acknowledges convenience comes at a cost and offers are often below market value. >> whether it is from the low or redfin and we make an instant offer and we charge a premium. >> reporter: the national association of realtors says that premium may be too costly for sellers. >> they will lose out on the price because the business model for direct purchase if they are buying it cheap. so it could be 10% below market price and in some cases 15%. >> reporter: linda said she is happy with the process and the ability to move on so quickly. >> i am so relieved. i am so happy.>> reporter: zillow is now fixing up her old house and preparing to sell it for more money.>> a good take on flipping houses. >>> big changes coming for bart commuters on monday. they will begin phasing out paper tickets. the first station to be affected will be oaklands 19th street station, all parts of the plan to get all writers to use clipper cards whi

. >> prices have dropped according to redfin, san francisco, oakland and san jose are the most competitive markets in the country. >> when you combine the lower interest rates and pulling back of prices more buyers look at and enter the marketplace, just six, eight months ago didn't think they could get into it. >> the kilmers dropped their asking praise by $50,000. >> you want a lot of canty for your effort. the market is the market, it's impersonal, prices adjust and we have to live with it. >>> moving to the weather, a brushfire broke out in vacaville and came close to a housing subdivision. that's not far from the nut tree airport. a couple miles away from the interstate 80. it went to 3 alarms but crews got a handle on it. >>> looking out toward mount diablo, it's been another hot day and the heat advisory has been extended to 8:00 tonight. >> it's one of the deals we're forecasting cooling, but cooler does not mean cal. very hot inland. you will notice changes in the forecast. fairfield 105 degrees, livermore 101, san jose mid-90's, more cooling toward the coast and the bay. fran yes

. >> prices have dropped according to redfin, san francisco, oakland and san jose are the

above that, you're seeing it a little slower. >> while prices have dropped, according to redfin, sanose, oakland, and san jose, still remain the top three competitive markets in the country. >> when you combine the lower interest rates with pulling back of prices, we're beginning to see more buyers have the opportunity to really look at and enter the marketplace, where they just six or 8 months ago, thought they'd never had a chance to get in. >> as for the kilmers, they dropped their asking price by $50,000 in more than a month. >> you feel like a kid, you want a lot of candy. but the market is impersonal and prices adjust. and weault have to learn to live with it. >> in san jose, maureen naylor. ktvu. >> pyramid is for sale. first time the iconic building. once hated by some, loved by many. it is estimated to sell for around $600 million. and the deal will reportedly include two adjacent buildings. it was the tallest building in san francisco, until the completion of salesforce tower last year. >>> and a list of cities to raise a child. three bay area cities made the cut. sunnyvale

redfin is a brokerage, a tech forward brokerage. others have tried the same thing.n terms of being the starting place for people to start their home search, having this advertising business to real estate agents, zillow is pretty unique. amanda: we have to leave it there, patrick clark, great to have your thoughts. spy's future. the fate of the world's largest etf pack to the fate of 11 million millennials. this is bloomberg. ♪ vonnie: this is "bloomberg markets." i'm vonnie quinn in new york. amanda: i'm amanda lang in toronto. the fate of the world's largest exchange traded funds rests on the health of a group of twentysomethings. thanks to a quirk in a legal structure used to set up the spy , more than $250 billion rests on the longevity of 11 million ordinary kids born between 1990 and 1993. let's go to rachel evans who covers our etf coverage. this sounds random. not a bloomberg story. -- if it was not a bloomberg story, i might not believe it. >> this all harkens back to the early 1990's when we didn't have anything called an extreme traded fund. we had a bunc