lived in one little tiny room with all of their livestock and absolutely shocking new report by a zillow this month estimates 2700000 adults moved in with a parent or grandparent and march and april as virus pandemic lockdowns crossed the economy yes a fractal because the globalization countries are no longer globalizing they are nationalizing starting a drop in 2016 that was the mandate make america great again that is a call to the global audience and you say that more you know the fractal lovely scene out of the family unit where people are now living together you know in america they decry the end of the nucular family right the mom kids grandparents having a close relationship and this got atomized during the fifty's and sixty's in the seventy's where the kids went out and they discovered themselves and they went abroad and they learned different cultures and it was all the birth television broke down the nuclear family and values collapsed and then the silent majority was all really upset because the values of america well now the values are coming back the families are all moving

you know what i do i go on zillow, because i'm addicted to zillow now i went on zillow, and i mark everylt there, it's definitely a decent neighborhood, you know i found a whole foods around there, and ten minutes out there's like a nice little country place, and it's beautiful. it's like, also, country to me is like if there's no cvs around, it's country >> jimmy: how country -- because i grew up in upstate new york. there's, like, dirt and people go camping and stuff, it's really country >> that's country. >> no cvs, that's country. if i need cocoa butter 4:00 in the morning i got to wait until noon or whatever yeah, it's very, very country. very quiet my neighbor has chickens and peacock. >> jimmy: like, peacock. >> peacock, that's what i said like literally peacock you know what i found out about peacock, jimmy >> jimmy: what's that? >> the screams sound like man screams. [ laughter ] did you know that? >> jimmy: no, here's what i would do if i were you i would start thinking of a new noise to yell that won't be confused with the peacock in case you are being trapped or you need help

the zillow cofounder, angel investor happy fourth, welcome back, spencer. you make creating a competitor to facebook sound easy >> listen, it is not easy, but the point is that facebook has been under pressure for years. and let's go back in time. first it was election hacking, then privacy issues. and then it was their acquisitions in facebook and nowit is this age of information. we have been through this before i think we learned that it is not likely to have a material impact on the business the only two things that really matter to facebook that can get the attention of manage are current employees and competition. so current employees, facebook manage cares deeply about making sure the company is the best place to work. that they attract and motivate people i think if you care about these issues use need to find ways to have existing management speak out. i think that is interesting. but the bigger one is competition. we know it might be twitter, but twitter didn't really go through, we focused on the news and less on status updates and photo sharing.

>>earlier today on kron on our catherine heenan spoke to zillow economist to learn more.is a really unprecedented moment in the real estate market right now this is. this shock to the economy is like nothing that we've seen in recent decades and so especially in the bay area we're seeing a lot of folks who might be made plans to be moving in and renting these apartments where the typical reading that there is over $3,000 and instead they are putting it off they're staying away or they're moving home moving back in with mom and dad said all of that is taking pressure off to a man in the rental market and as a consequence they were just starting to have some holders runs down to actually get people to agree to at least right now. >>you know i keep reading that uh well this will reshape the housing market for years to come is that over dramatic could it reshape things for years. >>how to work it does move slowly so if we reset to some lower expectations really could take years for prices and rents to move back up. >>since covid-19 hit millions of young adults in the u.s. hav

could the winds of change m finallye zillow in and do-- move brazil in a new direction?y watson, bbc news, sÃo paulo. laura: time of reckoning in brazil as well as in the united states over race relations. this should have been the day we settled in and enjoyed the opening ceremony of the 2020 olympics games in tokyo. the coronavirus pandemic means the games are postponed until july of next year, in . japan marks year before competition begins from it is not clear at all if the games will happen. in tokyo, rupert wingfield-hayes reports. rupert: one of japan's best trampolin isists. at missed out on a metal -- at beijing in 2008, he just missed out on a medal. tokyo was going to be his last her off. hicovid-19 has killedream. back in 2008, if the beijing games at been postponed by year, i would've been ok," he says. "now i am 35. a year feels like a very long time. i cided retirement is the only option." e is another reason he i retiring. he thinks tokyo's new olympic stadium may never get a hold an olympic opening ceremony. he is not alone. only 23% of japanese support

that's according to the latest numbers from zillow.ecause of high demand, prices did not talk a parallel dip. median prices for single family homes rose in most cases. in santa clara county, 1.25 million median. alameda rising to 900,000. san francisco fell but just slightly to 1.53 million. >>> up next, give the lake a break. a new effort to get people to visit other open parks and prevent crowding at lake mary. i'm greg, i'm 68 years old. i do motivational speaking in addition to the substitute teaching. i honestly feel that that's my calling-- to give back to younger people. i think most adults will start realizing that they don't recall things as quickly as they used to or they don't remember things as vividly as they once did. i've been taking prevagen for about three years now. people say to me periodically, "man, you've got a memory like an elephant." it's really, really helped me tremendously. prevagen. healthier brain. better life. - [announcer] food delivery just got more rewarding.ic) (package crashing into ground) now that

>>i talked to a zillow economist today to learn more. a record drop is that correct. >>that's right this is a really unprecedented moment in the real estate market right now this is. this shock to the economy is like nothing that we've seen in recent decades and so especially in the bay area we're seeing a lot of folks who might be made plans to be moving in and renting these apartments where the typical reading that there is over $3,000 and instead they are putting it off they're staying away or they're moving home moving back in with mom and dad said all of that is taking pressure off to a man in the rental market and as a consequence they were just starting to have to hold those runs down to actually get people to agree to at least right now. >>you know i keep reading that uh well this will reshape the housing market for years to come is that over dramatic could it reshape things for years. >>how to work it does move slowly so if we reset to some lower expectations really could take years for prices and rents to move back and you know the so that this is a pretty e

i talked to a zillow economist today to learn more. a record drop is that correct. >>that's right this is a really unprecedented moment in the real estate market right now this is. this shock to the economy is like nothing that we've seen in recent decades and so especially in the bay area we're seeing a lot of folks who might be made plans to be moving in and renting these apartments where the typical reading that there is over $3,000 and instead they are putting it off they're staying away or they're moving home moving back in with mom and dad said all of that is taking pressure off him and in the rental market and as a consequence they were just starting to have to pull those runs down to actually get people to agree to at least right now. >>you know i keep reading that uh well this will reshape the housing market for years to come is that over dramatic could it reshape things for years. >>a 1000 work it does move slowly so if we reset to some lower expectations really could take years for prices and rents to move back and you know the so that this is a pretty ex

that's according to the latest numbers from zillow. experts say there are fewer buyers but also far fewer houses on the market, so the demand is still there. interest rates just above 3% also helping with some home sales. in fact, median prices for single family homes rose in most bay area counties. santa clara county, the median price now $1.25 million. in contra costa county, $660,000. alameda county rose to nearly $900,000. now, san francisco fell slightly down to $1.53 million. >>> let's get back to rob mayeda right now. we had a scorcher in parts of the bay area today. we saw the fires along 505. what's in store for us, rob? >> well, we're watching what we expect to be another hot day tomorrow as this heat mini wave if you will is just peaking in time for the weekend. outside right now, clear skies in san jose and pretty close to 70 degrees. we had a high of 91 today. similar temperatures expected tomorrow around the santa clara valley. we've had a few grass and brush fires of late. some of that smoke you might have noticed drifti

that's according to the latest numbers from zillow. experts say covid-19 fears chilled both buyers and sellers. but because of high demand, prices did not take a parallel dip. in fact, median prices for single-family homes rose. in santa clara county, median price, $1.25 million. in contra costa, $660,000. alameda county, going up to nearly $900,000. san francisco dropped but just slightly to $1.53 million. >>> new at 6:00, golden gate transit cutting back on its commuter service due to plunging demand. it's cutting service in half. this applies to bus routes that operate on weekdays during peak hours. some routes will be suspended until further notice. others will see reduced service. this takes effect this coming week. >>> rob mayeda joining us now. rob, we got a hot one on our hands. i wonder how long it's going to last. >> the good news is it isn't going to last all that long in terms of the ability to hit 100 degrees. but tomorrow another day especially inland towards solano county, inland contra costa counties, same places today

real estate website zillow found more than one-third are denied a mortgage at least once before getting approval. when they rent, they are less likely to get their full deposit back when their lease ends. they're also asked to pay application fees and added deposits that are not requested of heterosexual renters. >>> governor newsom is pledging to buy up more hotel rooms across the state to house the homeless during the pandemic. he made that announcement today at a motel 6 in pittsburg. 164 formerly homeless people are now living there. newsom says the new proposal will help boost a program that's housed more than 14,000 people over the last three months. it costs $1.3 billion. the governor signed the new state budget yesterday. >>> please stay home this fourth of july. that is the message tonight from the mayor of santa cruz. the town has largely managed to dodge the high numbers of covid cases that are bay area cities have seen, but set a new one-day record monday with 22 additional cases. the mayor says if you do decide to visit, follow the rules. >> at a minimum, we're asking that

some really innovative financial companies in there that are like square, like lending tree, like zillow that are doing well in this environment >> thank you very much melissa. >>> delta reporting a bear than expected loss as traffic plummeted 94% this quarter phil talked to the ceo earlier today on "squawk box." >> he'll say that things are better than they were in april, but let's be honest, this industry has a big hole it's got to dig its way out of delta pretext loss was $3.9 billion. the revenue just under $1.5 billion. lowest since the mid-80s he's talking about how far the industry has to go until it's back normal. >> as you're trying to bring demand back and confidence back, i'm not sure raising prices 20 to 30% will help i think lit be a combination of continuing to build consumer confidence, having a competitive fair out there by the time we get over the next 12 to 24 months, we'll be back in a sustainable position. >> did you hear that 18 to 24 months. it's going to be a while in terms of liquidity, at the end of june, $15.7 billion daily cash burn is down to 27 billion dollar

. >> a new study from zillow predicts that 41% unemployed renters across the country could face eviction without the supplement. >> a tremendous number of rentaler households out there would be in economic painful. >> for her this pain is real. it is unrealistic to live on it alone worth just $167 a week.>>. i thinking about how i my apartment if i stay $600. >> reporter: abc7 news. >> california employment development department spokes person laurie levy joins us for getting answers. if you haven't seen it, that's the show that kristen hosts every day at 3:00. michael finney reading a message about how the department is dealing with a massive number of claims. >> this is from mirna. she said i can't believe it is this difficult to get help. it would be better if the state just opens up. i would rather take my chance with the virus than edd. >> it is heart breaking to hear that and i can tell you, we all wish we had a magic wand and we could be ahead and expand capacity overnight. we really do care about helping we've never facedrt anly not fo dyeond a persevere, continue to roll out cus

every house, i look on realtor.com and zillow, everything is pending. everything is being sold. i think the banks probably have a long road ahead where they have probably got a lot of runway because this is new. millenials always swore just like our generation, we would never live in the suburbs and here we are. you need the extra space, especially if you are under lockdown and working from home. that helps the banks just like it help -- liz: sure. exactly. welcome to jersey. yeah. all right. great to see all of you guys. thank you. phil, sorry we lost your connection for a minute there. always a pleasure. we have the closing bell ringing in 50 minutes. nasdaq has turned negative once again but it has shown mighty muscle, pulling itself up from being down 200 points. it's down fractionally right now. dow is up 395. >>> phase 3 of the covid-19 vaccine trial juicing moderna's stock at this hour. i was so encouraged by this. forget the fact that the stock is up 3.5% right now. why? it's the large phase clinical trial of the experimental vaccine that is now set to begin july 27th, a

. >> reporter: a new study from zillow predicts eviction without the supplement. >> a tremendous number of households would be in economic pain if this and pirates. >> they are stories heard every day. >> we're afraid of being evicted. they're under certain about what the new school year will bring. >> for her, the pain is real. it is unrealistic to live on the ui benefit alone worth as little as $677 a week. >> i am emotional about that. i thinking, my apartment if i lose the $600. abc7 news. >>> the up employment numbers shook up wall street today. the dow dropped 353. the s&p 500 dropped more than 40 points. >>> federal unemployment aid currently includes a $600 unemployment payment. an extra amount of money. when does that end? the answer is at the end of this month if congress doesn't act. a lot of people are really depending on that money. michael finney says that question is pre mature for some. >> today while many are asking, t an edd extension of unemployment benefits, there are many others asking, can i just get my money from the first round? most of us are not familiar with t

according to zillow more than 80% who moved back in with their parents are so-called gen-z under 25. weather will cooperate this weekend. >> yes, get out there and cut the grass. some great weather as we take a live look outside in lafayette this morning. as the sun rises take a look at how amazing. reaching into the mid-80s and then we head to the coast. the north bay, wide-ranging temperatures. take a look at the forecast coming up in a few minutes. so far, mike, it seems it's been friday light. >> it has been a great drive right now. it's going to be a lighter volume. we haven't had any major problems. taking a peek at 101. san jose right on schedule. we see a little increase and the lighting will improve. we'll give that a little bit of time. the volume building on pattern but no slowing and that's typical for a friday. just 13 minutes from highway 4 to the bay bridge. we'll show you that in the next report. >> thanks, mike. a final good-bye. still ahead on "today in the bay," what we're learning about plans to honor the life and legacy of congressman john lewis. >>> the u.s. sen

. >> reporter: an zilli zillow found home prices went up.ra county climbed 6%. >> here we have a master bedroom. >> people want more outdoor space. i think some of the studio condos are having a harder time, or tharg taking longer to sell. >> reporter: janice lee has been selling homes for final years. she represented one of the potential buyers of. castro valley home. >> my client put in an offer. all cash. no could not continue generalcies. we found out there were 54 offers. the competition is pretty fierce. >> reporter: he even posed with a stack of all the offers. he says the lack of supply is feeding the frenzy. >> i think the investors have such a scarcity in finding properties, that they will they their hands on a property and keep their people working. >> reporter: he thinks the buyer will probably build a two-story home on the property like the home next door and sell it for more than ni$900,000. abc7 news. >>> $250 over asking? is there gold buried under that property? that's insanity! all right. charlie brown and snoom snoopy read

making it in the bay, home sales plunged but prices remained high according to the latest numbers from zillowexperts say there are fewer buyers but far fewer houses on the market. so the demand is still there. interest rates just above 3% also are helping with home sales. median prices for single family homes rose in most bay area counties. in santa clara county the median home price is now $1.25 million. contra costa county is about $660,000. alameda $900,000. san francisco fell slightly to $1.53 million. >>> 7:17. it is time to check in with vianey arana for a look at our microclimate forecast. we both worked in much smaller markets than this, vianey, and saw home prices much more affordable than that, haven't we? >> oh, yeah. prior to moving to the bay area i lived in el paso, texas. i think my rent was $500 a month for this beautiful apartment. >> a shock indeed. >> that's true. we do have good weather. el paso still has some of the best sun sets i have ever seen in my life. el paso, i will give you that and your desert-like weather. it's going to feel a lot like one of those dry inland a

. >> reporter: according to a recent analysis by zillow, the effects of the pandemic drove 2.7 million adults back into their parents' home in march and april. more than 80% of them were gen-z'ers. what's it like having everyone under the same roof again? >> mom, what's one thing you would say to me about living at home now? >> buy your own groceries. >> reporter: the young adults we spoke to say living at hotel mom and dad has its perks. >> best part about living with my parents right now is not paying rent. >> reporter: but the free rent is certainly not free of some awkward moments. >> my boyfriend lives in washington, d.c. but my parents have been extremely supportive in us seeing each other when it was considered safe. hey, babe. >> the one good thing about that is, they do make locks on doors, and that's convenient. >> reporter: despite the new challenges, many parents are generally enjoying having their grown babies home. >> living with my kid is awesome. >> it's kind of like being able to hold on to your children a little longer before they leave the nest. >> i say thank you fo

march and april this year taking the total to a record 32 million according to real estate website zillowt do you think about the size of the people that are moving back home you're talking around million at risk but traditionally flows into that rental market. >>right non payment or more people doubling up like this moving back home is causing the pressure to come up of rent growth young people have been some of the hardest hit by job losses during the pandemic if the unemployment picture continues to improve. >>we may see some of them starting to come back into the rental market that is not just those lost jobs, he decided to head back home. >>the mom and dad. >>the rumors started spreading in new york. that so these are going to close down the city's going to shut down and our says. and shutting down so at that point i. booked a flight home 24 year-old tarka god works as a management consultant in new york. >>a job she can keep doing from her parents house in la i live alone in new york in a one-bedroom apartment just knowing that if i had to be quarantined alone. i knew it would be ne

may and that check runs out in days friday is the day that that program expires and according to zillow a survey found that more than a quarter of americans who've been receiving those checks say that they will have trouble paying their rent their mortgage in this upcoming august month and so that does have congress racing to beat the deadline again it was this coming friday that that program expires but all indicators are they will not meet that deadline democrats back in may have passed passed a bill to extend those checks for the full $600.00 a week amount how republicans now in the senate are not in agreement amongst themselves about how much of that to extend and we just heard from u.s. treasury secretary steven newsham speaking to the press this morning saying that he didn't want to pay americans want to do that to go back and find a job so certainly not words that many of these troubled american families are wanting to hear as they struggle to pay their bills in the midst of this pandemic and you're seeing some of that anger reflected in the very low polling numbers the president

some of the names in there, zillow, palo alto networks and intel. they found stocks that react positively to heightened tensions include t-mobile and emphasis eugene, any of these names or theme resonate with you and sort of signal a way you should be investing given what we're here seems p to be a long-term issue? >> sara, i look at this issue the same way i look at all the china-u.s. trade war issues. it's the current market. semiconductor markets will do well this analysis notwithstanding. i think what deutsche bank is pointing out here is as u.s. and china's tensions continue and this really started in 2016, it's really a proxy on trump administration policies toward china as much as it is concerns around sort of security risks. i think some of that is more attempt to get a leg up in the technology wars. i do think that this would dissipate in much the same way that the bill passed last night gave the president powers to enact sanctions against china and today came out and said he would walk that back a little bit. because we have an election co

. ♪ >> reporter: according to a recent analysis by zillow, the effects of the pandemic drove 2.7 millionof them were gen z-ers. so what is it like having everyone under the same roof again? >> hey, mom. what's one thing you would say to me about living at home now? >> buy your own groceries. >> reporter: the young adults we spoke to say living at hotel mom and dad has its perks. >> best part about living with my parents right now is not paying rent. >> reporter: but the free rent is certainly not free of some awkward moments. >> my boyfriend lives in washington, d.c., but my parents have been extremely supportive in us seeing each other when it was considered safe. hey, babe. >> the one good thing about that is they do make locks on doors and that's convenient. >> reporter: despite the new challenges, many parents are generally enjoying having their grown babies home. >> living with my kid is awesome. >> is ki o to hold o little longer befho ly goes a way. >> i'd say thank you for putting up with me. >> mom, you locked the door. mom, come on. open the door. >> i like to look at the brigh

zillow broke down the top ten markets, it has the highest level of mortgage applications from those agedthe median home value in chicago, just under $250,000. austin also very prominent. more expensive, median house price, $401,000. then houston, very affordable, under $200,000. charlotte at $252,000. again, los angeles, look at the median price of a house in l.a., $752,000. by the way, in the top ten, seattle was actually on it probably for tech jobs, but the average cost of a home or median home value, i should say, is $767,000, the most expensive. but interesting numbers and interesting cities. stuart: $752,000 is the median price for a single family home in los angeles. median. so there's half more and half less. 752. ashley: correct. stuart: 2.98% 30-year fixed rate, i suppose they are a little more affordable. thanks, ash. >>> change the subject. look at some video of conferencing stocks, please. google grouping their video chat and chat into one place. it's on their g-mail app. that's a direct shot at their biggest video conferencing competitors which would be zoom and slack. >>>