ceo of redfin. >> thank you. let's turn to how california's municipalities have fared after past recent fires and what that could tell us about what might happen now. we appreciate your time. people -- i hear reports of questioning whether l.a. can put on the olympics in 2028? there is a lot of concern about how exactly this is going to pan out in the next few years.>> heartfelt sympathy for those impacted by the wildfire but i think the main point we see from the median market is median investments remain safe if you look at past experience with natural disasters, you have not seen the false and meaningful downgrades and not long-term credit deterioration. and i think this is certainly the case. if you look at the two most recent disasters that were certainly the largest, hurricane katrina, super storm sandy come and look at the municipal experience. no default on either and drilling down further, hurricane katrina, $125 billion of damage and 1 million people were displaced. the federal government came in with $

redfin compared the median household income to the monthly cost for a median price home.ts advise housing costs should be no more than 30% of your income. the five least affordable areas are all in our state in and around los angeles. someone making the median income needs to spend 77% of their earnings on housing. that is the worst in the country and the bay area right behind it. 76% for san francisco and san mateo counties is a nightmare, and 74% for santa clara county. the east bay is a little more affordable. 58% of your income going to housing. alameda and contra costa are behind. the national average is 41.8%. so again, housing experts say you should be spending no more than 30%. so even nationwide, we're not doing very well. a big merger report this morning, abc seven's parent company disney, will combine its hulu plus live tv service with fubo. under this agreement, disney will own 70% of that new company. fubo will create a new sports and broadcasting service featuring disney sports networks including abc and espn. hulu plus live tv and fubo will have 6.2 million

of them deemed too expensive by would be buyers, according to redfin data. texas and florida have the highest share of stale inventory, while san jose is among the cities with the lowest share of stale listings. meanwhile, homes for sale in san francisco are moving faster than they were a year ago. mortgage demand drove dove nearly 22% to end the year. mortgage applications for the final two weeks of the year dropped 22% compared with the week before. that time period. mortgage rates have reached almost 7% for 30 year fixed mortgage loan, and are at the highest rate since july of last year. >> you might be one of the millions standing in line at customer service counters after the holiday to return to gift, and while some stores will let you return anything. others have limits and restocking fees. fox's jenna sachs breaks the return policies down for us. >> if santa goofed and didn't get the right size or color, you probably have until the end of january to get square. >> many retailers extend their return windows around the holidays. most offer 60 days. if

redfin compared the median household income to the monthly costs for a median priced home. more than 30% of your income. that's at the highest end. the five least affordable areas are all in california. in and around los angeles, someone making the median income needs to be needs to spend 77% of their earnings on housing. that's the worst in the country. the bay area is not far behind 76% for san francisco and san mateo counties, 74% for santa clara county. the east bay is somewhat more affordable, 58% for alameda and contra costa counties, but still well above that 30% goal. the national average is about 42%. remember, experts say housing should be no more than 30% of your income. well, new numbers show the local and state homeless crisis is getting worse. abc seven news south bay reporter dustin dorsey explains what one city is doing to try to get a handle on this crisis and to build a better bay area. >> addressing the humanitarian crisis on our streets is a top priority for bay area cities and counties. but despite efforts to house the thousands of unhoused, the numbers

for prospective buyers, there's a lot more supply than last year, according to real estate company redfin. active listings in november were 12.1% higher than they were last year, and hit the highest level since 2020. however, more than half of those homes sat on the market for at least 60 days. that's the highest rate for kraut stale market listings since 2019. now, experts say while it may seem like there are a lot of homes to choose from, some are overpriced and others need considerable work. homes that are in good condition and fairly priced continue to fly off the market, but if you're willing to create some sweat equity on a fixer upper, the opportunity is high. as we first told you about yesterday, according to the cdc, norovirus cases are rising across the country. so what do you need to know moving forward? laura garcia joins us with some expert advice. laura, cases of norovirus are surging across the u.s. this winter. that's according to data from the cdc. outbreaks are often seen on cruise ships, nursing homes and jails, as well as schools and places where people are close toget

/july more than one third of homeowners say they will never sell their home according to a recent redfin one of the major issues the supply of homes, where you see the housing market headed. >> i will save you look at the homebuilders index is off 20% since late november, clearly the rate rise is not welcome news for the homebuilders. i think somebody americans have locked-in to low interest rates and lower mortgage rates sort of a hurdle for them to move at this point and sitting above 7% i think there is a limited supply of homes available, i don't see material decline in home prices going forward but the path forward is trickier and for every percentage rise in the mortgage rate i would say that becomes more challenging for a potential new home buyer that is especially true for homebuyers. maria: were getting the adp numbers, the jobs numbers have been weakening when you peel back the onion. any surprises that we will see in jobs? >> i don't think so i think it feels as though the job market is moderating and if you look at the supply of labor that seems to be looking for employment a

oh, that's why i love redfin's home recommendations. >> they know what i want even before i do a home >> that's just right. >> yes. yes. i want more. >> i know what i want one. i know. i. >> this show is all completely fake. don't get fooled and everyone knows what's going on. what the. >> except. ben, what have we done? >> the joe schmo show premieres january 21st on tbs. >> all right. 5:32 a.m. here on the east coast. here's a live look at dallas, texas on this tuesday. good morning everyone. i'm kasie hunt. it's wonderful to have you with us. the house speaker, mike johnson, leveling the latest round of criticism targeting leadership in california. republicans have questioned the state's preparedness and response to the deadly wildfires that have ravaged l.a. and the surrounding area. johnson says there were issues with resource management and wants oversight of any federal funding. >> it appears to us that state and local leaders were derelict in their duty and in many respects. so that's something that has to be factored in. i think there should probably be conditions on that aid