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
Nearly nine hours after a Deadly Police shooting. Pete sore rat toes is live with clues about the suspect. Reporter we know that authorities are saying that that suspect was wanted in section to a Homicide Investigation dating back to 2015. At this hour theyre identifying the victim but they are not identifying that suspect. As you mentioned that whole incident yesterday caused quite the backup right behind me here at that 80 580 it split. That massive backup on the freewa right at the split where folks can either go to San Francisco or oakland and beyond and even towards the south bay right at that split. That backup started at 9 00 a. M. And lasted essentially a whole workday past 5 00 p. M. The Police Standoff was a result of a pursuit of that suspect which began all the way in fairfield and ended at the split after chp laid down a spike strip at University Avenue leading that suspect to crash near a barrier at powell street where were standing in emeryville where police eventually
Ballots and 50 days before a pope was named. Now, two more votes may happen later this morning our time. So stay tuned through ktvu throughout the day for coverage throughout the conclave and well have a live report from rome coming up at 7 30. You can also find continued updates on ktvu. Com and mobile ktvu app. Back here hat home this morning, students at Foothill High School in pleasanton are arriving in school and security there is very tight. The school is on alert after a threatening message was found in a girls bathroom. Ktvus Claudine Wong has been at the campus since 4 30 this morning to tell us more about this threat. Claudine . Reporter well, we do expect an increased Police Presence here on the campus of Foothill High School. This morning, you can see behind me, things pretty quiet right now. There was an early bell that was supposed to ring at 7 00. We havent seen anyone arrive. School in general for everybody starts at about 8 00 this morning. We expect things to pick up