that's according to data from redfin obtained by our media partners at the bay area news group. 53% ofmes for sale in alameda, contra costa, san francisco, san mateo and santa clara counties sat on the market for 30 days or more. why? redfin says it's because many home sellers are pricing properties too high, and interest rates have remained high to home. buyers are waiting to buy, hoping for a drop in prices. it's a beloved bay area tradition, a bay area event putting pups to the test. the world dog surfing championships brought the best of the best to pacifica today. dog surfers and their human friends were hanging ten at linda mar beach for the annual competition. there they are in the on the beach part of things too. the waves weren't too rough, but the money situation was now. organizers say the competition almost didn't happen because of the rising cost of doing business in the bay area. fortunately, a fundraiser this past spring saved the contest. it's a san francisco tradition celebrating rock and roll roots. the big birthday party for a late rock icon who got his start in the

that's according to data from redfin obtained by our media partners at the bay area news group. 53% ofomes for sale in alameda, contra costa, san francisco, san mateo and santa clara county sat on the market for 30 days or more. why redfin says it's because many home sellers are pricing properties too high, and interest rates have remained high as well. it's a beloved bay area event, putting pups to the test. the world dog surfing championships brought the best of the best to pacifica today. dog surfers and their human friends were hanging ten at linda mar beach for the annual competition. the waves weren't too rough, but the money situation was. organizers say the competition almost didn't happen because of the rising cost of doing business in the bay area. fortunately, a fundraiser this past spring saved the contest so much fun out there today. well, it's a san francisco tradition celebrating rock and roll roots, the big birthday party for a late rock icon who got his start in the city. >> i'm spencer christian, we have some more hot days coming our way, especially during the early p

according to redfin's chief economist, this has been especially evident in florida and,.t were previously a really good deal to move there, you're not saving quite as much money. and the property taxes are up because home values are up. >> reporter: now, could the golden state finally get its glimmer back? new laws are supposed to increase the housing stock of affordable houses here in california, and for the first time in several years in 2023 if california actually gained in population. stu? stuart: got it. max gorden, thanks very much. now, former u.s. senate candidate, democrat from california, christina joins me now. christina if, people seem to like it when they've moved out of california. do you want to respond to that? >> well, stuart, look, i understand california's become completely una affordable. i'm not going to mince words with this. think about this fact, it is so unaffordable in california that first responders, firefighters, for example, they actually have moved their a families out of state to place like idaho. they fly in for their shifts because that i

now real estate, the company redfin shows the number of u.s.hat cost a million dollars or more has now hit an all-time high, and that only gets you into a starter home in some markets. redfin says 8.5 of the homes now have that million dollar plus price tag, that's up from just about 7 a year ago a -- 7%. so there you have it. good luck. dana: and brand new polling out this morning shows former president trump still has the upper hand on on the issues voters say are most important to them this november, the economy, inflation and our southern border. maaed if lin rivera has more on that. hi, maddie. >> reporter: hi, dana. former president trump has an edge on those issues. at the same time, new data shows vice president kamala harris making inroads many areas where president biden was lagging. so an abc news/washington post poll shows harris now leading trump 49-45% in a head to head matchup among registered voters. she just about closes the enthusiasm gap, 60% of her supporters back her strongly, much higher compared to the 34% who said they s

officials say they're just using other sites like redfin and zillow to find those images. wannabe burglars are also using drones to scout neighborhoods. >> heads up. if you recently bought apple juice at walmart, the retailer is recalling nearly 10,000 cases of great value brand apple juice that was sold in 25 states. it says the juice may contain potentially harmful levels of inorganic arsenic. the fda says the affected products may temporarily cause adverse health consequences, but is unlikely to cause serious medical issues. >> and coming up, the upset in williamsport, pennsylvania, the team that rallied from behind to win this year's little league world series title. >> and later in the mix, the bat dog that had a rough first day on the job. you're watching world news now they don't love it. well good >> summer must be over because we've got sports news now. yeah. it's back. >> okay, so this is a thriller to end the little league world series. listen to this. >> we got the teams from lake mary, florida. as andrew. andrew. >> i'm not really sure where lake mary, florida

that was from 1981 to 19 96 and according to zillow and redfin, the mansion is the most expensive home on the market currently in carmel. and for those who know, you know, clint eastwood was born in francisco. it is for. >> and you buy that place. you can go for a dip in the pacific. or you could drive up to tahoe and go for a dip in whatever said, look, you're also comes with a that wraps up kron for news at 6. we appreciate you being with us the past 3 hours. that does it for us have a great night. >> in it. take that up a little bit higher. you should feel that, like, right back here. oh, yeah, i felt that! good, that is so much better than last week. thanks, i've been doing 'em every night while i'm watching tv. - oh, what are you watching? it's a mystery. high quality care that meets you where you are. ♪ ♪ >> announcer: save my mom. his mom's car sinking fast. the cop and strangers who drove in and came to her rescue. then...

eastwood live there when he served as the city's mayor from 1981, to 96, according to zillow and redfin, the mansion is the most expensive on the market right now in carmel, the 94 year-old was born in san francisco. mark zuckerberg is flexing. he's unveiled a large sculpture depicting the likeness of his wife, priscilla chan in a nod to roman tradition. he commissions because he can world-renowned sculptor and artist daniel arsham to create the piece in the tag online in the post. zuckerberg says more people. should be bringing back the roman tradition of making sculptures of your wife. sure. busy for him to say. all right. that's it for kron. news at 5. here's what's coming up at 6, 1, bay area city announces plans to begin clearing homeless encampments and >> helping the unhoused find homes. >> plus, people in oakland fed-up with sideshows in their neighborhood. we're taking matters into their own hands. now they say they're running out of options after the city removed their handmade barriers. keep it news at 6 is next. >> from the bay area's local news station. you're watching kron

redfin says nearly 1 in 10 homes nationwide is valued at at least $1 million. >> find a really good realtor who can kind of help you through all of the steps of the process. >> reporter: this has been a somewhat sluggish summer when it comes to home sales, but buyers and sellers may jump back in when the federal reserve is expected to cut interest rates next month. adriana. >> thank so much. >>> straight ahead on the "cbs weekend news, how school buses are putting energy into the grid. plus, new delivery. this capsule is delivering food in space. but i was still masking my depression. so i talked to my doctor. she told me i could build on my wins, without changing my antidepressant. rexulti, when added to an antidepressant, significantly reduced depression symptoms more than an antidepressant alone. and less depression... that's a win. rexulti can cause serious side effects. elderly dementia patients have an increased risk of death or stroke. antidepressants may increase suicidal thoughts and actions and worsen depression in children and young adults. report new or sudden changes in mood, b

a report from the redfin real estate site shows stale listings are sitting on the market for nearly a month before they're sold. ktvu sally rasmus live in oakland with more on this trend. >> ali well, pam, this summer it was more expensive to buy a home in california across the state, the median price was 856,000. that's 7% more than it was a year ago. and that's despite, as we know, high interest rates across the nation. but while the bay area has always been a hot seller's market, there are signs that it isn't quite as robust, maybe, as it has been in years past. according to data from the real estate website redfin, there are some bay area counties and cities that have what are called stale properties homes that sit on the market for a month without an immediate buyer. in oakland, for example, 44% of homes for sale had been sitting on the market for more than 30 days. that's a 2% increase of those so-called stale properties compared to a year ago. and san francisco is 55% of homes, and that's about flat compared to the year before. san jose, 34% of homes for sale still did not have

fewer people across california are moving into high fire risk areas, according to redfin. counties that were more at risk for fire saw a net outflow in 2023 of residents. that's a switch from the year before where those areas were still growing, analysts and real estate agents say. a big part of that is insurance companies dropping coverage or increasing rates across areas that have a higher risk for wildfires. the rest of the country has actually seen an increase in the number of people moving into those fire prone areas. >> our time now is 707. it's been almost a year now since the devastating wildfire in maui, and despite a recent settlement agreement of more than $4 billion, they're still concerned about the future of the island today, thousands of people say they're still struggling to find permanent housing in maui. government and nonprofit groups have offered temporary solution, but the cost of living is too high for many of the survivors to find any long term answers. the latest data shows that people from it 1500 families, have left the island looking for more aff

respected real estate and mortgage website redfin says that's because lenders expect interest rates to month, and they're going to continue to do it next year. mortgage broker rob o'malley of preferred rates. com says he can bring recent fha and va homeowners into the low 60s, or even the high fives right now with conventional buyers just a tad above that, 40% of 21 to 30 year old people are still living at home with with mom and dad, and they're waiting for this opportunity, waiting for houses to become more affordable. and says o'malley, baby boomer homeowners with low rates or no rates who are looking to sell can downsize than buy all cash and never have to worry about interest rates again. in comparing last october's rates to now, the monthly payment on a $600,000 loan will have gone from about $4,300 a month, down to 3800. that's more than $500 a month less. giving buyers more buying power. people are anticipating a rate cut. realtor cathy shatter says september sales always pick up a bit, especially now with what's on tap, because if the rates drop, the demand will go up. >> so t

that's according to a new report from redfin.of 23. san francisco, by the way, saw the highest number of so-called stale homes at more than 62% of active listings on the market for at least 30 days. that's up about 2% from last year. >> well, this weekend, vice president kamala harris is interviewing six potential running mates. this comes as the democratic national committee chair confirmed that harris received enough votes online to secure her democratic nomination. her campaign announced it raised $310 million in july, with two thirds of that money coming from new donors on friday. republican presidential nominee donald trump said he would debate harris on fox news on september 4th. that bait was previously supposed to be hosted by abc. there's some discussion about what format it will be. there's no word yet from the harris campaign about whether she'll agree to those terms. >> an ap review is casting some doubt on a recent venezuela government election result. according to the analysis of more than 24,000 vote tallies, venez

according to zillow and redfin, the mansion is the most expensive on the market carmel. coming up next, signing up for a free trial of disney. plus could prevent you from taking the company to court. >> how a death disney world is bringing this issue to light. plus, the incredible journey that this man took to help fight homelessness across the country. and colin kaepernick could be coming back in the nfl. gentle dig for the former forty-niners court coming up. disney is trying to get out of a wrongful death lawsuit man sued the company after his wife had a >> deadly allergic reaction at a restaurant in disney world. the suit says the restaurant staff and repeatedly assured them that her dish did not contain any darrien or not, which she was allergic with. the woman collapsed just an hour after eating her meal. disney says the man cannot sue them because he had agreed to private dispute resolution instead of going to court. they say this happened when he signed up for a free trial of disney. plus and again, when he but disney world tickets. disney says the binding arbitr

but redfin finds a record number of home buyers backed out of their deals because of the economy. 59,000ions in the month of july. so the translation is cold feet when it comes to both buying a home and fixing one up. stuart: hawaiian airlines, what have we got? lauren: i can't believe i'm going to say this. the justice department just cleared the deal and now the transportation department is reviewing that a deal. hawaiian up almost 12 percent. stuart: baric gold, we've got gold at near record prices. lauren: yeah. up 1%. many of these names that that you're looking at are also at all-time highs. so you know the gold bars like the ones that are in the underground -- mike's laughing -- in the underground vaultsesome they're now worth officially $1 million each because each weighs 400 toounces times $25090 toan ounce -- are 25000, that's a million dollars. stuart: ask murphy how many 400-ounce bars of gold he's got -- lauren: none. i already did. >> i'm not a gold guy, no. stuart: or a bouillon guy, thanks lauren and mike. >>> coming up, the first height -- night of the convention was sup

the median home price in the united states is at a record high right now, and according to redfin nearlymes are now priced at over $1 million. that is also a record. still, in the face of that headwind, leading homebuilder hovnanian reported very strong earnings this morning and shares are up 13.25% right now hitting a multi-year high on multiple positive metrics including more than 11% growth in total revenue, 38% growth in income before income taxes, and an 11% increase in the full year income guidance. hovnanian enterprise chairman and ceo joins me in a fox business exclusive. i thought this was a tough market. you're selling homes at a fast clip just when the latest gallup poll found only 21% of americans say it's a good time to purchase a home. how are you doing what you're doing with this data that we've just presented that doesn't look as healthy? >> well, it's a difficult time to buy an existing home, because there is a very very low supply. it's half of the normal supply. 2.2 million homes for sale be typical. that's bad if you're buying an existing home. it's good if you are a

according to redfin luxury home sales flat in the second quarter of this year while non-luxury home saleswest level in a decade. this is because high-end buyers tend to be less dependent on the direction of mortgage rates inclined more to pay cash. bring in an agent with more than $3 billion worth of individual sales. welcome. good to shave you with us. >> thanks for having me. >> what do you see in the spoke markets in terms of price action and transactions? new york, hamptons, miami? >> we're seeing very busy in the segment especially in the hamptons and miami. new york has been busy. we had a good end to the spring. it is always slow for us in the summer, but we are seeing a busier june, july and early he august than we saw last year. i think all of the indications are we will have a good third quarter but especially fourth quarter once some things are settled. >> some things are settled, namely the election maybe? >> the election, yeah, chiefly. miller samuels did a study going back to the '90s and every year for basically the last 35 -- every election year, excuse me. there's a bunch

respected real estate and mortgage website redfin says that's because lenders expect interest rates tot by as much as a half percent next month, and they're going to continue to do it next year. mortgage broker rob o'malley of preferred rates. com says he can bring recent fha and va homeowners into the low 60s, or even the high fives right now with conventional buyers just a tad above that, 40% of 21 to 30 year old people are still living at home with with mom and dad, and they're waiting for this opportunity, waiting for houses to become more affordable. and says o'malley, baby boomer homeowners with low rates or no rates who are looking to sell can downsize than buy all cash and never have to worry about interest rates again. in comparing last october's rates to now, the monthly payment on a $600,000 loan will have gone from about $4,300 a month, down to 3800. that's more than $500 a month less, giving buyers more buying power. people are anticipating a rate cut. realtor cathy chater says september sales always pick up a bit, especially now with what's on tap, because if the rates dr

expensive in the nation with an average sale price of $838,200 in july of this year, according to redfinornia california is the state with an largest net loss of one way u-haul agreement. they recently moved from the l.a. area to south carolina because they wanted to buy a house and they said that houses in south carolina were a third of the price of comparable homes in l.a. county. >> i think are normal people hitting that point in their life where they want the stability of homeownership and they really making a logical choice, i think it is really hard to look at all the factors honestly and make a decision to stay, unless you have a really compelling reason to do so. >> but could the golden state finally get its glimmer back? new laws aiming to increase the affordable housing stock and for the first time in several years, and 2023, california finally gained numbers and population. sandra connects each a very interesting stuff. next, thank you. john? >> john: just about 4 minutes from now, we are expecting that rfk jr. will speak in arizona, and it is expected that he will announce an

fewer people across california are moving into high fire risk areas, according to redfin.e saw a net outflow in 2023. that's a switch from the year before where those areas were still growing, analysts and realtors say a big part of this is insurance companies dropping coverage or hiking rates across areas at risk for wildfires. the rest of the country has actually seen an increase in the number of people moving into these fire prone areas. police in san francisco are investigating a smash and grab burglary at stonestown galleria. video posted on social media shows four people wearing hoodies and masks inside kay jewelers at 645 saturday night. they are seen destroying display cases, stuffing items in their bags and you can see here running away. police say no arrests have been made and anyone with information about the case should call san francisco police. police in vallejo arrested a man who they say was in the middle of committing his second robbery of the day. police say the suspect was in possession of $3,000 at the time of his arrest, which he allegedly stole from a

respected real estate and mortgage website redfin says that's because lenders expect interest rates tout by as much as a half percent next month, and they're going to continue to do it next year. mortgage broker rob o'malley of preferred rates. com says he can bring recent fha and va homeowners into the low 60s, or even the high fives. right now with conventional buyers just a tad above that, 40% of 21 to 30 year old people are still living at home with with mom and dad, and they're waiting for this opportunity, waiting for houses to become more affordable. and, says o'malley, baby boomer homeowners with low rates or no rates who are looking to sell can downsize than buy all cash and never have to worry about interest rates again. in comparing last october's rates to now, the monthly payment on a $600,000 loan will have gone from about $4,300 a month, down to 3800. that's more than $500 a month less. giving buyers more buying power. >> people are anticipating a rate cut. >> realtor cathy chater says september sales always pick up a bit, especially now with what's on tap, because if the

than half of bay area homes are taking more than a month to sell, according to a new report from redfine market for 30 days or more without going under contract was at about 53% last month. that's a 6.5% increase since june of 2023. san francisco saw the highest number of stale homes at more than 62% of active listings on the market for at least 30 days. that's up about 2% from last year. doctors say they are seeing an uptick in younger patients seeking care for gastrointestinal issues. once a taboo topic, digestive issues and gut health topics are now trending more on social media. and while doctors say talking more about those issues is positive because it may help others seek treatment, they warn people about the misinformation from influencers who claim to have cures for disorders like ibs and other ailments. california is launching a new designation program to reward communities for maintaining clean and safe environments. more than 20 cities have already signed up to participate in this newly launched program. today, each will be designated as a clean california community, and the

. >> well, fewer people across california are moving into high fire risk areas, according to redfin.counties that were more at risk for fire saw net outflow in 2023, and that's a switch from the year before where those areas were still growing, analysts and realtors say a big part of that is insurance companies are dropping coverage or hiking rates across areas at risk for wildfires. interestingly, the rest of the country has actually seen an increase in the number of people moving into these fire prone areas. >> the cybersecurity firm involved in last month's global tech outages say delta should stop blaming it for flight disruptions. crowdstrike denies it's responsible for ongoing losses by delta. after the outage, crowdstrike says delta's threat of a lawsuit against it to recover losses is misleading, and says it will respond to any threatened litigation. dell said last week it suffered a $500 million hit in lost money and compensation. >> while many travelers are backing a rule proposed by the department of transportation that would ban airlines from charging parents more money t

joining us now is chen zhou of redfin.ing inflation or is this just a quirk in the way it is calculated by the government? chen: good morning. thanks so much for having me. you are right. it is happening with shelter inflation and cpi and in pce is reflecting idiosyncrasies of how that data is calculated. for both metrics it is the case that shelter inflation is the largest component. however, there are a couple of problems with shelter inflation. the first is that there is this owners equivalent rent component to it. that is something that reflects a lot of assumptions about how housing payments for people who already own homes increases, when it is the fact that for existing homeowners there housing payments are almost always constant, because they have asked mortgage rates. the second issue is that rent data used in these metrics is very lagged. they do not reflect current inflationary pressure. if you look at market rate data from redfin what you will see is that market rents have been flat for the last two years. they

plus, the weakest housing starts data since may of 2020 as redfin says the share of million dollar homesust hits an all-time high. >>> and the vice president set to deliver a major economic policy speech today featuring new tax cuts, housing incentives and price caps. let begin with the broader market in the midst of a six-day win streak, i think it's the best six days going back to '22. >> it's been a good streak, it makes sense to digest some of that, really if you go back to monday, s&p up in eight trading days and it's gained about two-thirds of what was lost. i think it tells you a couple things. one, the extremity of the stress in the very short-term, i think, cleared out so much in the way of accumulated exposure to stocks and positioning and risk assets and all the rest of it. you see it in all the hedge fund data, a lot of the sentiment stuff. that creates a little bit of a technical tailwind for that to normalize once something doesn't break as a result of that. then, the data have come in, as we have been talking about for a couple days, that allows investors to kind of rebuil

redfin on a four-week average, percentage of homes with a price cut is approaching 7%.st on record. they're on the market a little bit longer as it takes a little more to get your house sold and another 6.5, 30-year fixed makes a difference. >> i think that's right. look, the story right now is, they're trying to achieve balance and keep things roughly where they are. they would like to see an improvement in the housing sector. mostly don't want to see a dramatic deterioration in labor markets. to the other point raised by sara, you know, continued confidence that inflation is coming down. it's not at 2% yet. we'll see what the next forecast is. remember the next meeting is also one where they have the so-called dot plots, the sep, that would be very telling to get a sense of the overall confidence of when they expect to hit that 2%. i think it may be a little delayed perhaps beyond the level of confidence that's currently being talked about. >> so as it relates now to the path, sort of probably get this cut, but then we don't know what happens next, is it going to be a

redfin reports 85% of people with mortgages have an interest rate below 6%.ly 20% have a rate below 3%. that means at current rates, there's less incentive for them to sell their homes because they would have a much higher rate for a new loan on a new home. i'm pam cook. let's look at your dollars and cents. >> pam. thank you. there's a new hydrogen powered garbage truck on san francisco streets. the new recology truck is cleaner and quieter than your typical garbage truck. the zero emission vehicle has been picking up, recycling trash and compost all around the city. it's a test that's part of a push to get a zero emissions fleet in place by 2042. the hydrogen powered trucks cost about twice as much as the gas powered ones. but aside from the savings on gas, they're much better for the environment. >> the environment is hugely important. it being quiet is like a nice now, but it being energy efficient is nice for the future, yeah. i mean, i haven't even heard about this project, so now i'm interested in going and reading more about it. that's exactly what th

. >> james, we just saw ali rasmus breaking down some new data from redfin that shows some bay area countiese seen a higher number of what they're calling stale properties. these are homes that sit on the market for more than 30 days. let's bring in andre senior with this. how is leading to our viewer poll of the day. yeah. >> good morning to you, garcia. and frank. this morning we're asking our homes sitting on the market longer in your neighborhood. your options are this. yes it's a tough market or no, they're selling fast or about the same. so to vote, just scan the qr code on your screen right now or just head to ktvu.com/vote. well, i can tell you that the chronicle or sfgate had an article last week that one bedroom condos in san francisco are sitting on the market really long. oh, interesting. so but but homes, that's another thing. >> well, maybe it's more of a buyer's market now. yeah, but no one could afford the interest rate. the interest rate? yeah, that may have a lot to do with it. >> exactly, exactly. >> we'll watch those numbers as they change through the morning, and we'll r

originally sold in original house, which was third bayad can see it on if you go to the sf excuse me, redfinyou can see the original house, which is very interest, it was originally 3200ft!s. it's now 9700 horizontal and vertical expansionsith facade change. this one two. no demo calc on the pym or in the plans odbi records. that's con there's greater scrutiny, but it's still aroblem. the clarifications have been fixed but the demo calcs enough and here's why. this is a current project underway right now. it's demo calcs were veryout that, but i will. some other point. so the first one was july 3rd. note the tw a little bit of pieces of the original house left. it's only one piece left there on the left side. and here's te. it's a horizontal vertical expansion with facade change. and this to me is why the demo. if they'd been adjusted, as i suggested in letters, this thing would have been a demolition. so thank you very much. and that's it. good luck eileen bogan coalition for san francisco neighborhoods. first commissi, not goodbye, farewell. we hopeep in touch with you. thank you for your

plus, the weakest housing starts data since may of 2020 as redfin says the share of million dollar homes

you if you go to the sf excuse me, redfin, you canee the origi is very interesting.nd as i said, it was originally 3200ft!s. it's now 9700ft!s. both of these had horizontal and vertical expansions with facade change. demo calcs, no demo calcs anywhere on the pym or in the plansmm. on concerning. i think now there's greater a problem. the clarifications haved but the demo calcs are still not stringent enough and here's why. this is a current project underway right now. it's demo calcs were very interesting. i can't have time to talk about will. some other point. here's another picture of it. okay was july 3rd. note the two sides, a little bit of original house left. it's only one piece left there on the left side. and here's the original house. it's a horizontal vertical expansion with facade change. and this to me is why the demo calcs need to be adjusted. if they'd beenss, as i suggested in my have been a demolition. so thank you very much. andt>bo that's it. good luckaá$(.ileen bogan, i'm here representing the coalition for san neighborhoods. first commissioner di