in fact the online real estate company zillow says that rent and home prices are rising faster than any other city in the united states. ktvu's leigh martinez takes a look at why. >> reporter: oakland has crime and em battled police departments involved -- embattled police departments involved in a sex scandal over a large police protest. but people are fighting to live here. >> there is a bidding war depending on the properties, the locations, the conditions that are always very important. >> reporter: according to zillow while silicon valley's housing markets are cooling off that the east bay city is soaring and people are paying more than the listing price. >> what i have been seeing is about a 5% to 10% over the asking price depending on the properties. >> reporter: visit oakland says that the city's appeal is obvious that you'll get more for your money and better weather than san francisco. >> as we are standing out in the beautiful sunshine, that is the key. that's not new that we've had that for many years. the restaurants, the art scene, the lively music and the entertainment sc

joining me now is the chief economist from zillow. absolutely eye-popping numbers.e prepared for the economic and geographical damage that rising sea levels could have on the housing market? i don't think so. i don't think we are at that point yet, especially given that the horizon is not 100 years into the future. you were projecting out 90 years, but what have you found about the pace of the rising sea level over the last 5-10 years? if you look at what inentists have released terms of how fast sea levels are slated to rise, it seems like a fairly good estimate. if you're looking at 10 years or 20 years into the future, sea levels will perhaps only rise by a foot, maybe two feet in some are lower. it is such a short time horizon there that the real impact will come in the future. given that it is such a long horizon, i don't think people are yet prepared for how much damage water will cause to communities right by the ocean and how much money will be lost in all of this, especially given that our estimates are conservative. were looking at the current housing stoc

zillow brand is extraordinary, and true la is extraordinary.ecome household names and look for us to invest in product and advertising to grow awareness and that audience. >> on david's question about profitability, you're preparing investors for a longer term story of higher margins. can you justify how you will do that? >> sure. we told investors we expect to have about 40% ebitda margins at squall. when revenue is growing in the single digits, not in the 30% range, then we'll have a lot of margin expansion at that point. and so it's a slow and steady march. last year around 14% and this year guiding to 16% margin on a path to 40% margin but for the near term anyway we want to grow revenue and audience because we think that will create more shareholder value rather than take all the margin potential today. so that's why we invest and we have a good track record of making investments that pay off years later. >> finally, sometimes people like to focus on when you are replacing an auditor which you're doing, effective after you report your 2016

property site zillow says the average price of a home in indianapolis is 130-thousand dollars.. nearly 60-thousand less than the national average. up next on live at daybreak on olympic udate.including the latest blow for russian athletes and the events coming i pinky promised my little girl a fabulous so i mowed the lawn, put up all the decorations. i thought i got everything. almost everything! you know, 1 in 10 houses could get hit by a septic disaster, and a bill of up to $13,000. but for only $7 a month, rid-x is scientifically proven to break down waste, helping you avoid a septic disaster. rid-x. the #1 brand used by septic now for an olympic update... another setback for in paralympic committee banned all russians from next month's rio paralympics over alleged paralympics over alleged widespread doping.russia's paralympians finished first in medals in sochi in 20-14... and sochi in 20-14... and second in 20-12 in london. russia said it would appeal the ban. here's a look at some of the olympic events airing today right here on today's tmj4.at seven, men and women's indiv

erika: nate ebner coming up big help defeat the zillow 26-best help defeat brazil 26-0. coming up, she was there for a citizen police academy class. a florida woman was accidentally killed. the role of policemen played in the tragedy. emily: a crash caught on camera during a chase in new mexico. what triggered that wild pursuit? cindy: i'm tracking excessivet ishe story tomorrow. the timeline on the heat advisory in place and how lon 90's are going to stick around. ik check out this rare blue lobster. where this beauty was pulled up emily: former mafia boss cadillac frank salemme he arrested on charges related to office saying the charges are related to a 1993 murder in stoughton. salemme will appear in u.s. district court this afternoon. emily: tragedy in florida. a woman accident we shot to death by a police officer. erika: marci gonzalez reports it happened during a safety exercise. marci: police in florida calling it a tragic accident. community event on police safety shot and killed by an officer. there thinking she's going to stand up in a minmarci: mary kns partic

zillow reports home values in san francisco are up 8.5% from last year. values are risen year to year. one solution is inkreeing the inventory of homes. but that's touched off a lot of debate currently. there's a a bill in the b homes in their backyards, but that's been met with opposition crowded neighborhoods and park. >>> jc penney reports a smaller than expected loss. that's where we begin tonight's market focus. strong demand in sephora and footwear helped results. revenue and same store rose, but both came in shy of estimates. the company reiterates its full year guidance. shares higher at 10.55. >>> the department of justice said it is open to receiving settlement offers from anthem rega sigona. last month, regulators sued to block the proposed acquisitions. the trial is set to open in november and conclude by year's end. shares of cinga up, anthem up to 130.19. >>> a taste of communication sent strong demand for its technology products helped to lift results. the compa which makes high speed devices for communication networks topped profit and rev

so is zillow. we've taken zillow out because of appreciation in shares.think yelp can continue to rise. we think that comps get easier but there's a confluence of factors here. they have a $50 million brand campaign we think is helping them with both consumers and with merchants. they've done a lot of things to improve sales force efficiencies and we think the market underappreciates the sustainability of the growth. this is not 20% or 30% revenue grower, it's 40%. and you've got margin expansio s expansions. with a stock trading at a reasonably low multiple the stock can still rise. that's why we like it. >> it is up 33% year-to-date, mark. i think my favorite but perhaps the wonkiest part of your report is the gapification of the internet and that being gaap, of course a lot of investors have been frustrated that some of these tech companies feel like they can exclude their compensation as a line item. do you think that that practice is ending? or are you just focusing on companies that don't necessarily do it? >> i think there's going to be investor pr

so real estate website zillow says median rental prices are an all-time high of $946 per month. multi-family inventory and land is causing a rental crisis. ms. king, first of all, welcome to "eye on washington." of course, we have had your president chris estes and your vice president ethan handelman on the show many times. you know, we see the good news in growth. more jobs, new businesses in nevada. but if you are a low-income nevadan looking for a place to live, you're going to be finding it harder to make ends meet because rents are rising, isn't so just nationally rents are continuing to rise as they are in nevada. we have done two studies that look at affordability, our housing landscape report and our paycheck to paycheck report. our landscape report looks at working households and cost burden. so they are paying more of their income for rent than they should. so 21% of working households in nevada are cost burdened, seveverelylyt burdrdened. so they are paying 50% of rent which doesn't leave much for food or education or medical expenses. >> right. the more you are spend

according to zillow, rent in boston is $2,507 in greater boston, a slight drop to $2,302 but the national average is, $1,409 a year ago this family was on the street. >> when you have kids it's so hard, i sent my daughter and son to family and i'm out on the like to see her cry. >> the situation may not be ideal but according to hud stats of more than 900 homeless young people 14% are preschool to 12 graders. they often live away from their family. day shelter programs like saint francis house help 400 adults daily but, homelessness among children on the rise. that's a call for even more resources. maria rob gronkowski leaves injury. coming up on newscenter 5 at 7 what we're learning about that injury, in a preseason that has seen a few pats players hurt already. harvey: higher community means a chance of storms. we will let you know about changes throughout the coming out -- the out coming week. maria: an ingredient that is a baking staple. see how it has capital one believes your bank should work for you, not the other way around. so capital one reimagined banking... ? with a place that

zillow, kimberly clark connect their businesses. could it help your portfolio as well? i'm sitting down with the ceo of one of the hottest stocks out there, servicenow. find out what it has to offer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter. have a question? tweet cramer, #madtweets. send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. you tell your insurance company they made a mistake. the check they sent isn't enough to replace your totaled new car. the guy says they didn't make the mistake. you made the mistake. i beg your pardon? he says, you should have chosen full-car replacement. excuse me? let me be frank, he says. you picked the wrong insurance plan. no, i picked the wrong insurance company. with liberty mutual new car replacement™, we'll replace the full value of your car plus depreciation. call and if you have more than one liberty mutual policy, you qualify for a multi-policy discount, saving you money on your car and home coverage. call liberty mutual f

zillow reports rents rose just 5.5% for the year ening in june. the year -- ending in june.ear before they skyrocketed more than 16%, but an attorney told us she's fed up with the bay area's sky high rents and says she's being priced out of her own home. the irony, she made a career trying to create housing solutions. >> reporter: kate downey dropped the bombshell she was quitting during the last meeting as the palo alto planning commissioner. >> we wanted a future where we weren't staying up at night worrying about how to pay the bills. >> reporter: she posted her resignation letter on the internet talking about how she lens this home in palo alto -- rents this home in palo alto with another couple for $6,200 a month. the letter chastises the council for having retail with no reason to serve the average joe when the city is only available to joe millionaires. >> when the firefighters said we can't afford to live here, nobody listens. why anyone is listening now that an attorney can't afford to live here, i have no idea, but the point is all the normal people are being price

according to data compileed by zillow, oakland had california's highest annual appreciation of home values of the 50 largest cities in the u.s. they also saw the biggest rent growth in that time. the city is attracting people for its affordability, or what was once affordable, diverse population, and that great cultural scene in oakland. the median home in oakland is now just over $615,000. >>> a major upgrade for tesla, but it is going to cost you $135,000. tesla's ceo elon must kau announced today the company will build new versions of the model s and model x that will travel longer distances. the upgraded battery increases the travel range of model s to 315 miles. it makes it the first and only electric vehicle on the market to exceed 300 miles on a single charge. >> the balts continues. some of the most iconic names in yosemite have been changed, and it could take a legal battle before they're back. the national park is involved in a trademark dispute with a company that recently lost its vendor concessions. legendary names including the iwani hotel and curry village underwent name cha

the so-called negative equity rate is at 12% of all mortgaged homeowners, according to zillow, down from over 30% at the worst of the crisis, and it does fall every quarter. but the numbers are still high. and equally spread across urban and suburban communities. markets in the west like san francisco, portland, denver, and dallas have the least borrowers in a negative equity position. that's due to strong employment and competitive housing markets. but others, like cleveland and detroit, have more bifurcated markets with negative equity downtown and lower in suburban neighborhoods. detroit's urban rate is twice that of its suburban rate. chicago and las vegas share the dubis honor of carrying the highest number of borrowers carrying more than their homes are worth. next equity is one of the driving factors of high home prices. homeowners in this position are unlikely to sell at a loss, so they stay, lowering the number of homes available for sale. fewer listings means more competition, which drives prices hire. for "nightly business report," m diana olick in washington. >>> still ahead,

zillow. that was one of those times when zillow wasn't here on the set.w had a good quarter but i do think that when you are dealing directly with starbucks out there, you got to go to the rose street which i what i keep hoping i can do my show from a brooklyn roastry. >> your point on starbucks is, even with all of the warnings about travel and quick serve in q2, we know it's been rough. >> right. >> you think starbucks might -- >> this move i don't get. i mean honestly, the stock, the stock had a bad week last week, traded to 54. starbucks is not about the preannouncement and expected quarter i know. certainly. but it does have that same feel as nike which is that these are these great growth stocks that have lagged. people are desperate for laggards at this point. witness best buy. but i don't think -- will nike give you better news. probably because foot locker was so great. will starbucks give you better news? i don't know. the domestic numbers i felt were certainly hit by the changeover in their card and by a difficult introdru introduction of a dri

zillow.eal is baskin-robbin's flavor of the month. try it today! [cheers and applause] >> trevor: welcome back to the daily show from the dnc. my guest tonight is chief national correspondent for the new york times magazine. please welcome mark leibovich, everyone. [cheers and applause] >> trevor: thank you, so much for being here. >> great to be here, trevor. trevor: is this night as momentous for you as hillary? you have covered this so long. >> more momentous for me then hillary. >> trevor: i'm glad you feel that way. >> no more momentous for hillary. but it's exciting. politics, this is a super bowl like occasion. this was historic. memorable. >> trevor: do you think it's historic because you think this could be america's last election? >> absolutely. will there be historians after like america ends -- >> trevor: trump. he will have twitter historians. >> the question is will be he able to block his tories like he blocks members of the press he doesn't like. >> trevor: it's crazy how he h

zillow. at our house, we're always down for more...ore. just never be hungry. with premium pepperoni and 100% real cheese... ♪ ding! hot pockets! (lion♪it's peyton on sunday mornings.♪ (peyton) you know with directv nfl sunday ticket you can watch your favorite team no matter where you live. like broncos or colts. (cashier) cool. (peyton) ah...18. the old number. ooh. i have got a coupon for that one. (vo) get nfl sunday ticket - only on directv. and watch live games anywhere. ♪ ♪ well this is my equation for success. i developed the 4 p's. politeness, patience, practice and... promotion! heeyaw! heeyaw! (cheers and applause) >> trevor: thank you so much! thank you so much! that is our final show out of cleveland, ohio, and to the people of cleveland, thank you so much! (cheers and applause) from our friends down at phoenix coffee to great lakes brewery, the people at mitchell's ice cream, i just want to thank you for hosting us and the beginning of the end of the world. you know what? this is so tough for me because, next week, i've d

areonwide, 1.9 nation homes at risk of being underwater by 2100 according to a new report from zillowmate change causes sea levels to rise less of feet, florida has the most to lose. one in eight homes would be underwater, representing $400 billion in water -- in value. new jersey, new york, and south carolina are also rejected to lose the most. svenja, good to have you with us. it says that based on calculations, actual water poses just as much of a problem as negative equity. summarize your conclusion as to how much damage this could cause. svenja: if you think of the total value of the housing stock close toillion, losing $1 trillion from water damage, that's an immense amount of money lost. definitely the level of the scenicputting more by access the oceans. david: you say that it's a conservative estimate. how did you put together these figures? svenja: we looked at which areas would be affected by rising sea levels. going through the database of over 110 million homes, close to the entire housing stock of the u.s., we were able to pinpoint which homes would be underwater in whic

in fact, the low -- zillow says it is going faster in oakland than any other city in america.ome say that there are bidding wars, they are getting offers 5% to 10% over asking price. they say the appeal is obvious, you get more for your money and oakland has better weather in san francisco. >> as you are standing outside in the beautiful sunshine that is the key. the lively music, the entertainment scene, you have the wind trail. >> and, according to bloomberg rental prices went up 15% in june compared to last year. >>> the state assembly sent a bill to the governor expanding a ban on texting while driving to include using other cell phone apps. under the bill it would be illegal to look for or catch pokimon while you are driving. or, to check instagram. in fact, they say they could only activate or deactivate a feature with a tap of a finger. and, it has to be mounted on your dashboard or counsel. bill cork of heyward wrote the bill and he says he wants to plug a loop will -- loophole in the law. >>> united states is on track to see the deadliest driving your an almost 10 yea

according to the real estate company zillow, home values in oakland went up 16% from just last year. the median price in oakland is now just over $615,000. monthly rent also jumped by 15% to now more than $2800. joining us live in the studio this morning, oakland mayor, libby schaaf. thanks for joining us. >> always great to be here. >> is this good news or bad news for oakland? >> it's both. it's particularly good news if you're an owner but it's bad news if you're a renter. on one hand it's fantastic that people have discovered the awesomeness of oakland but it's definitely coming at a speed that was not anticipated and it's causing displacement. it's causing gentrification pressures and that is something that deeply concerns me as a girl that's born and raised in this city, that's something we're working so hard to help mediate because we want to keep this city the beautiful city it is and we don't want anyone to have to leave it who doesn't want to. >> oakland used to be the place where the artists, teachers could come and find something affordable to live. a lot of people say wh

. >> according to zillow median home price in portland about $379,000.comparison, the median home price in san jose, california, $830,000. in san francisco, $1.1 million. and in to laal to, it's $2.5 million. earlier this week, an attorney and member of the palo alto planning commission wrote a post on how she's quitting the position and moving because she and her family simply can't afford the $6 ,200 rent of a house they share with another family. another possible solution talked about is increasing the inventory of homes but that's touched off a lot of debate. no simple solution here, guys. >> that's for sure. thank you very much. let's talk about why it's so hard to find affordable housing in san francisco and plenty of other places. joining us, fred glick with us. how are you? good to see you. >> good, bill. good to see you. >> nice to see you. you taught me that all real estate is local. is this a local story there or something going on in the economy? because we hear anecdotal evidence of first-time ho homebuyers have a hard time. when's your view

is at 12% of all mortgage homeowners, according to zillow.n to 30% and it does fall every quarter, but the numbers are so high and equally spread across both urban and suburban communities. markets in the west like san francisco, portland, denver, and even in dallas have the least borrowers in negative equity positions, that is due to strong employment and competitive housing markets. but others like cleveland and detroit, they have more bifurcated markets. in fact, detroit's urban rate is twice that of its suburban rate. chicago and las vegas, unfortunately, share the dubious honor of carrying the highest number of borrowers owing more than their homes are worth. negative equity ironically is one of the driving factors of home prices going higher. homeowners in this position are unlikely to sell at a loss, so they stay, which in turn lowers the number of homes available for sale. fewer listings means more competition. which again drives home prices ever higher. >> thank you very much. let's get to seema mody for a market flash. >>> the u.s.

and zillow group down about 6%. so we have had a lot of beats this quarter, generally speaking.uple of places where people are struggling. >> zynga with an upgrade this week. didn't manifest itself there and i think people trying to figure out a way around some kind of -- the pokemon go-type games, but obviously not good enough this quarter. >> what about fireeye, too? >> yeah. software security space is totally out of favor. they were all hit hard at the beginning of the year. some have made the way back. fireeye got as high as 16 most recently and pulling back. i think clearly are winners and losers in this software security space. the one name or two is proof point. a good quarter. and palo alto. >> and fireeye, the interesting thing, again, on this real quick is that, you know, publicly generally speaking you think it's a place to be right now. we have the internet of things, we have hacks in the news every single day. a valuation issue. an execution one? >> i think some of the leaders are taking share. last year, you could buy a broad basket of this space and you could do p

this all from zillow by the way, doesn't mean they'll sell for this amount but this is what they ared for. everybody ready? i can't see, what do they say? >> we do price is right rules right? >> 325 million. >> 2.2 million. >> i would have overpaid. >> i won because the price is right rules, right? >> no, there's no lower otherwise -- >> that's what we do on "fast money." >> i was going to put up a bid. >> house number two is in the epicenter of it all. it's right in palo alto. this is a bigger one than new one. this is a five-bedroom, five-bath, 4,500 square foot newly built home on 0.3 acre lot. small, not a lot to take care of. palo alto, california, nice house, one garage. what do you think? there's the music. >> $5 million. >> michelle says $5 million. >> 6.25 million. >> i say 4.5. >> melissa's completely reversed. melissa, you win, but you're not even close. 7.5 million dollars. >> really? >> $7.5 million. again, listed. don't know if it's going to sell or not. finally, home number three, we got -- did tyler win the first one? michelle -- melissa won the second one. number thr

is falling, now at 12% of all mortgaged homeowners according to zillow, down 30% at the worst of thestill very high. it should be around 2%. they're equally spread across both urban and suburban communities. it would seem like negative equity should have evaporated by now, given how fast home prices have been rising, but it hasn't been enough to lift all borrowers. markets in the west like san francisco, portland, denver and dallas, have the least borrowers in a negative equity position and that's due to strong employment and competitive housing markets. but others like cleveland and detroit have more bifurcated markets, negative equity downtown and lower in suburban neighborhoods. detroit's urban rate is twice of the suburban rate. chicago and las vegas share the honor of carrying the highest negative equity rate in the nation and that problem is one of the driving factors of higher home prices. homeowners in this position are unlikely to sell at a loss so they stay put which in turn lowers the number of homes available for sale. fewer listings mean more competition which only drive

>> remember, it was the famous angelo ma zillow, remember him. it was all, no, no, no. >> hard for me to say. that sounds like elmer if you had. country wide. elmer fudd. >> i know who he is. >> i'm driving in my car, remember that? >> do i want to what? >> mansion and a yacht. >> my name is elmer j. fudd, i own a mansion and a yacht. do you remember that episode? >> no, i do not. >> killed the rabbit. ♪ killed the rabbit ♪ >> my name is elmer j. fudd -- >> was he a millionaire? i thought he was a hunter. >> probably he was that too. >> i better pull that up for you. >> the two of us together. >> we're tackling life ease deep questions on quack box. >> it is 6:00 a.m., it is a monday. >> you look it up. >> they're jointly developed cholesterol drug met targets. it's intended for patients with my cholesterol who don't respond to statins which are the most commonly prescribed medicine for that condition. i tell you, the drug industry without dealing with cholesterol for 20 years, would they have sold anything else? they've really been whipping that