We were kind of at our max. Reporter while the median price of a home in california is 706,000, in the bay area its 1,068,000. This time last year it was 900,000, and 18 increase. There has been a pentup demand for homes in the last several years. We have had a low supply of homes for sale. Reporter while some are leaving the bay area, able to work remotely during the pandemic, realtors say many people still want to live here. This is an area thats surrounded by hightech employers that are willing to pay a lot of money for you to work for them. Even if you want to live here. The weather here is wonderful. Reporter this Real Estate Broker sold the 759 square foot one bed, one bath house in san jose for over asking price, 1,055,000 with six offers. The new owner plans to tier it down and rebuilt. The broker says the biggest factor pushing up home sales is the historic low interest rates. And the two percentile, 2. 5 to 2. 75 . Whenever the cost of money is this low you find people being
Approve this unemployment payment. Because congress has the power of the purse, the unemployment payment would be 400 which is 200 less than what americans were getting before the july 31st deadline which might be short of what people really need right now and 100 of that payment states would be required to cough up. The request might be an unfair request considering that states have desperately needed funding as they prepare for School Reopenings and having to pay for the medical response to coronavirus among other things kron 4 political analyst michael yaki says the president s actions today were essentially a way to play on peoples emotions. I think that the American People are going to be asking themselves and this is a president who Still Believes that the coronavirus is just going to disappear magically. How sincere is e the fact that his chief of staff was to really represent him in the negotiations and apparently couldnt deliver on any of the items that the president said. Is
100 will come from the states now this is a dip from the 600 on employed americans were getting before the july 31st deadline. The other 3 actions. He signed include a moratorium or or memorandum on a payroll tax holiday for americans earning less than 100,000 a year an order on assistance to renters and homeowners and a memorandum on differing student loan payments for santorum talks with our political analyst michael yaki to learn more about the possible implications of these executive orders, he joins us now. Live in the newsroom with more hi dan. Grant vicki well right now its not clear if the president has the authority to approve this unemployment payment because congress essentially has the power of the purse. President trump signing the executive order that is almost 50 last. Then what people were given last month before the july 31st deadline. Trump says that states will have to make up a 100 out of the suggested 400 in unemployment aid. The request opponents argue might be an
Churns offshore. You have to adapt to the skimming the coastline as it haener. Slowly moves north. I am frank somerville. Everybody is hoping it stays here is the latest on the rules. Offshore. Apple fire. We know we will get some cal fire said it burned 21,000 part of the castro can send flooding. Acres. Reporter authorities are trying to balance the storm and tonight it is only 5 contained. Shutdown to allow for room for more than 8000 people have been outdoor dining. Not everyone supports the plan. Evacuated and at least one whole the pandemic in areas where coronavirus has surged. Home has been destroyed. We are now joined with the point of contention. Officials closing beaches and it is just northwest of palm outdoor covid testing sites. Special safety precautions were springs. The flames broke out near the plan involves closing a takendoesnt that cherry valley, just south of designated area. Voluntarily evacuated. The San Bernardino national that is the crux of the problem. Most
Downplayed the butt pandemic, reporter the guest list included u. S. President s and despite the u. S. Having the bay area nobles. Highest number of cases and death in the world. It into her ing the spanish flu pandemic of 1918. We have gone through fires 75,000 new and flooding and earthquakes, government shutdowns. Within double. That is because we have the whatever has been thrown at us, the cliff house comes back. Best testing. If we didnt test you wouldnt reporter covid19 call to be able to show that. If we tested half as much, the come back into question. Numbers would be down. After nearly 2 months of takeout only, the owners of 47 years seymore cash is going out than coming in. We have been doing at 4 to 6 he also continue weeks. Make good on his promise to financially it makes no sense. Withhold federal money from districts that do not reopen. Residence and was also asked about masks. He said he is a believer and face coverings but stop short of making a national mandate. Repo