>>> TONIGHT THE
HISTORIC SUMMIT BETWEEN PRESIDENT
BIDEN AND
RUSSIAN PRESIDENT VLADIMIR
PUTIN.
THE TWO LEADERS COMING FACE TO
FACE HERE IN GENEVA.
THE HIGH-STAKES TALKS LASTING
JUST THREE HOURS
THEN DUELING NEWS CONFERENCES.
THE PRESIDENT SAYING
HE DID WHAT HE CAME TO DO AND THAT
HE DOES
NOT BELIEVE RUSSIA WANTS A NEW
COLD WAR
THE WARNING HE GAVE TO PUTIN ON
CYBERATTACKS
BUT THE RUSSIAN LEADER DEFLECTING
RESPONSIBILITY
ALSO DISCUSSED INSIDE THE ROOM,
THE IMPRISONMENT OF
ALEXEI NAVALNY, THE RETURN OF
AMBASSADORS, AND NEW
NUCLEAR TALKS.
AND WHAT PUTIN SAID
ABOUT THE CAPITOL RIOT THAT
PRESIDENT
BIDEN CALLED RIDICULOUS
OUR TEAM HERE IN
GENEVA WITH FULL COVERAGE.
>>> ALSO TONIGHT THE
RECORD-BREAKING HEAT WAVE
40 MILLION UNDER
ALERT. ROADWAYS BUCKLING
UNDER THE
INTENSE HEAT IS THERE ANY RELIEF IN
SIGHT?
>>> AND THE DEVELOPING TROPICAL
THREAT WE'RE TRACKING.
THE DELTA COVID VARIANT AND
GROWING CONCERNS IT
COULD BECOME DOMINANT IN THE U.S.
THE AREAS MOST AT RISK
AND THE NEW MESSAGE FROM THE
SURGEON
GENERAL. >>> THE BIDEN
ADMINISTRATION'S
MAJOR REVERSAL OF TRUMP-ERA
POLICY ON TRANSGENDER
STUDENTS' RIGHTS AS BATTLES RAGE
IN DOZENS
OF STATES. >>> AND THE DIRE NEW
REPORT ON
THE U.S. HOUSING CRISIS
HOW LONG WILL PRICES
SOAR >> Announcer: THIS IS
NBC
"NIGHTLY NEWS" WITH LESTER HOLT.
THE BIDEN-PUTIN
SUMMIT REPORTING TONIGHT FROM
GENEVA,
SWITZERLAND. >> Reporter: GOOD
EVENING,
EVERYONE A CRITICAL DOOR WAS
OPENED TODAY
BETWEEN THE USA AND RUSSIA
WHETHER IT STAYS OPEN,
EVEN PRESIDENT BIDEN AND
PRESIDENT
PUTIN CAN'T SAY. THE TWO ENDING THEIR
HISTORIC
SUMMIT MEETING HERE IN GENEVA
WITH VAGUE
UNDERSTANDINGS AND TO-DO ITEMS ON ISSUES
RANGING
FROM NUCLEAR ARSENALS TO
CYBERSECURITY.
BOTH FRAMING THE MEETING AND
TONE IN TERMS LIKE
PRODUCTIVE AND POSITIVE
PRESIDENT BIDEN SAYING
HE WANTED TO ESTABLISH BASIC
RULES OF THE
ROAD BETWEEN THE TWO NATIONS,
SAYING HE PRESSED THE
RUSSIAN PRESIDENT ON HUMAN
RIGHTS
PUTIN PUSHING BACK, TURNING THE
TABLES ON SOME ISSUES.
AND AT THE END OF IT ALL NO
CLEAR ROAD MAP FROM
HERE ABOUT NEXT STEPS
PRESIDENT BIDEN AND
RUSSIAN PRESIDENT PUTIN FACE
TO FACE.
THEIR HIGHLY ANTICIPATED SUMMIT
SHORTER THAN EXPECTED.
AFTERWARDS, PRESIDENT BIDEN
INSISTING HE ACHIEVED
HIS GOALS AT THE SUMMIT HE ASKED
FOR.
>> I DID WHAT I CAME TO DO.
THE TONE OF THE ENTIRE
MEETING WAS GOOD
POSITIVE
THERE WASN'T ANY -- ANY STRIDENT ACTION
TAKEN.
>> Reporter: EACH MOMENT
CAREFULLY
CHOREOGRAPHED. PRESIDENT PUTIN
ARRIVING FIRST
AT THE SWISS VILLA FOLLOWED BY PRESIDENT
BIDEN.
PAUSING IN HIS ARMORED LIMOUSINE
BEFORE GETTING OUT
THEN MR. BIDEN REACHING OUT FOR
A HANDSHAKE.
THE TWO PRESIDENTS NEVER MEETING
ALONE.
SECRETARY OF STATE BLINKEN AND
THE RUSSIAN FOREIGN
MINISTER THERE TOO.
"I HOPE THAT OUR
MEETING WILL BE PRODUCTIVE," PUTIN
SAYS
>> THANK YOU LIKE I SAID OUTSIDE, I
THINK
IT'S ALWAYS BETTER TO MEET
PEOPLE
>> Reporter: CHAOTIC MOMENTS AS
RUSSIAN MEDIA AND
RUSSIAN SECURITY PUSHED AND
SHOVED THE
AMERICAN PRESS BOTH LEADERS LOOKING
ON
PRESIDENT BIDEN HAD SAID HE
WOULD CONFRONT THE
RUSSIAN LEADER ON ISSUES LIKE
ELECTION
INTERFERENCE, PUTIN'S CRACKDOWN
ON CRITICS, AND RECENT
RANSOMWARE ATTACKS ON AMERICA'S
FOOD AND GAS SUPPLY
THAT THE U.S. BLAMES ON RUSSIAN
HACKERS.
IN AN UNUSUAL MOVE PRESIDENT
BIDEN NOT HOLDING A
JOINT PRESS CONFERENCE WITH PUTIN
AFTERWARDS
INSTEAD, IN DUELING APPEARANCES
BOTH SIDES OFFERING
SOMETIMES DIFFERING VIEWS OF HOW
IT WENT.
ON CYBERATTACKS, PRESIDENT BIDEN
SAYING HE GAVE PUTIN A
LIST OF CRITICAL
INFRASTRUCTURE THAT HE
WANTS OFF LIMITS ALONG WITH THIS SHARP
MESSAGE.
>> I POINTED OUT TO HIM, WE HAVE
SIGNIFICANT CYBER
CAPABILITY AND IF IN FACT THEY
VIOLATE
THESE BASIC NORMS, WE WILL
RESPOND.
>> Reporter: BUT NO MENTION OF
THAT FROM PUTIN, WHO
DEFLECTED ANY RESPONSIBILITY,
BLAMING THE
U.S. >> Translator: THE
MAJORITY OF
CYBERATTACKS ARE MADE FROM THE
U.S. TERRITORY
>> Reporter: BOTH SIDES SAYING
THEY WOULD TALK
FURTHER ON THE MATTER
ON JAILED PUTIN CRITIC
ALEXEI NAVALNY PRESIDENT
BIDEN SAYING
HE GAVE THIS WARNING IF NAVALNY
DIED IN CUSTODY.
>> I MADE IT CLEAR TO HIM THAT I
BELIEVE THE
CONSEQUENCES OF THAT WOULD BE DEVASTATING
FOR RUSSIA
>> Reporter: BUT WHEN PUTIN WAS
ASKED ABOUT NAVALNY,
HE NEVER MENTIONED HIS NAME,
EVEN
COMPARING RUSSIA'S DEMOCRACY
ACTIVISTS TO RIOTERS
AT THE U.S. CAPITOL.
>> Translator: PEOPLE
WENT INTO U.S. CONGRESS WITH
POLITICAL
DEMANDS. THEY ARE CALLED
HOMEGROWN
TERRORISTS >> THAT'S A RIDICULOUS
COMPARISON
>> Reporter: PUTIN SAYING HE
FELT NO PRESSURE,
DESCRIBING THEIR CONVERSATION IN
PERSONAL
TERMS. >> Translator: I CAN
SAY THAT
HE'S A CONSTRUCTIVE PERSON, WELL
BALANCED, AND
EXPERIENCED. HE RECALLED HIS FAMILY
AND
CONVERSATIONS HE HAD WITH HIS
MOTHER
IT IS ALL APPEALING. >> Reporter: PRESIDENT
BIDEN
SUGGESTING RUSSIA IS EAGER TO
LOWER TENSIONS
>> I DON'T THINK HE'S LOOKING
FOR A COLD WAR WITH
THE UNITED STATES
>> Reporter: WHILE THE
TWO LEADERS AGREED TO
RETURN
AMBASSADORS AND TO START TALKS
ON ARMS CONTROL, NO
MOVEMENT ON OTHER THORNIER ISSUES.
>> HE DENIES ANY
INVOLVEMENT IN CYBERATTACKS
HE DOWNPLAYED HUMAN
RIGHTS ABUSES. HE REFUSED TO SAY
ALEXEI
NAVALNY'S NAME SO HOW DOES THAT ADD
UP TO A
CONSTRUCTIVE MEETING >> IF YOU DON'T
UNDERSTAND THAT
YOU'RE IN THE WRONG BUSINESS
>> Reporter: LATER
PRESIDENT BIDEN APOLOGIZED FOR
THAT ANSWER
AND WAS ASKED AGAIN ABOUT WHAT
WAS GAME HERE.
>> IF YOU WERE IN MY POSITION
AND YOU SAID I DON'T
THINK ANYTHING'S GOING TO
HAPPEN, IT'S
GOING TO BE REALLY ROUGH, I
THINK YOU'RE GOING TO
REALLY BE BAD.
THERE'S A VALUE TO
BEING REALISTIC AND PUT ON
AN
OPTIMISTIC FRONT AN OPTIMISTIC FACE
>> ALL RIGHT
LET'S BRING IN PETER ALEXANDER
AND ANDREA MITCHELL,
WHO ARE BOTH HERE WITH ME IN
GENEVA
PETER, I'LL START WITH YOU.
WHAT'S THE WHITE HOUSE
POSITION ON HOW THIS WENT
>> Reporter: YEAH,
LESTER, PRESIDENT BIDEN IS
MAKING THE
ARGUMENT THAT HE ACCOMPLISHED
HIS GOALS ON THIS
TRIP, RESTORING AMERICA'S
LEADERSHIP
AND ITS ALLIANCES, AND THAT HE
DIRECTLY CONFRONTED
VLADIMIR PUTIN SAYING HE IS NOT
AGAINST
RUSSIA, HE IS FOR THE AMERICAN
PEOPLE
STILL, THE SUMMIT ALSO REVEALED
SERIOUS DISAGREEMENTS.
THE WHITE HOUSE GOES HOME UNABLE
TO TOUT ANY
SIGNIFICANT TANGIBLE PROGRESS ON RUSSIA
THE PRESIDENT SAYS
WE'LL SEE WHAT HAPPENS
BUT HIS CRITICS ARE
GOING TO HOLD HIM TO A VERY
TIGHT
TIMELINE >> AND, ANDREA, WHAT
DID WE
LEARN ABOUT JOE BIDEN ON HIS
FIRST TRIP AS
PRESIDENT ABROAD >> THIS IS THE JOE
BIDEN WE KNEW
FROM THE SENATE AND FROM THE
WHITE HOUSE.
HE SAID BEFORE HEADING HOME THAT
FOREIGN POLICY IS NOT
SOME SECRET CODE, IT'S ALL
ABOUT
PERSONAL RELATIONSHIPS.
SO HE LET VLADIMIR
PUTIN KNOW EXACTLY WHERE HE
STANDS ON
RUSSIAN CYBERATTACKS, ON
UKRAINE, ON ALEXEI
NAVALNY, AND HE SET DOWN SOME CLEAR
LINES.
THE ONLY PROBLEM IS IF THERE IS
ANOTHER RUSSIAN HACK
IS HE PREPARED TO TAKE
ACTION
AND AT THE END OF THE DAY HE AND
VLADIMIR PUTIN ARE NO
CLOSER TO AGREEING ON MUCH OF
ANYTHING
>> ALL RIGHT, ANDREA AND PETER,
THANKS TO BOTH OF YOU.
LET'S BRING IN KEIR SIMMONS, WHO
INTERVIEWED VLADIMIR
PUTIN AHEAD OF TODAY'S SUMMIT.
KEIR, WHAT'S THE
REACTION IN RUSSIA
>> Reporter: LESTER,
RUSSIAN MEDIA IS PORTRAYING
PRESIDENT
PUTIN AS A STATESMAN AND THE
SUMMIT AS HISTORIC
TELEVISION NETWORKS HERE
PRAISING PUTIN FOR
TAKING TOUGH QUESTIONS AT HIS NEWS
CONFERENCE
FROM U.S. REPORTERS. BUT HIS ANSWERS WERE
PREDICTABLE.
THE SAME MAN WHO WE MET INSIDE
THE KREMLIN, DEFENSIVE
AND BLAMING AMERICA.
THE QUESTION TONIGHT
AS PRESIDENT PUTIN
ARRIVES HOME
HERE IN MOSCOW, WILL PRESIDENT
BIDEN'S PERSONAL TOUCH
AND WARNINGS HAVE ANY
LONG-TERM
IMPACT LESTER
>> ALL RIGHT, KEIR
SIMMONS, THANKS
>>> IN JUST 60
SECONDS, THE BRUTAL HEAT WAVE IN
THE WEST
WHEN WILL IT END AND CONCERN INCREASING
ABOUT THE
DELTA CORONAVIRUS VARIANT AND
WHY SO
>>> IN THE WEST NO RELIEF FROM
THAT DANGEROUS HEAT
WAVE TENS OF MILLIONS STILL
FACING
TRIPLE-DIGIT RECORD-BREAKING
TEMPERATURES,
STRAINING POWER GRIDS AND CAUSING NEW
DROUGHT
AND WILDFIRE CONCERNS. HERE'S MIGUEL
ALMAGUER
>> Reporter: THE OPPRESSIVE
STIFLING HEAT WAVE
SEARING THE WEST IS TONIGHT
DELIVERING SOME
OF THE MOST DANGEROUS TEMPERATURES OF THE
YEAR,
THREATENING TO SHATTER NEARLY
200 RECORDS THROUGH
THE WEEKEND. SOME 40 MILLION
AMERICANS
ALREADY UNDER HEAT ADVISORIES,
WATCHES OR WARNINGS.
>> IT'S GOING TO BE EXTREMELY
HOT.
>> Reporter: IN CALIFORNIA DEATH
VALLEY LIVING UP TO
ITS NAME, SOARING TOWARD 128
DEGREES.
CITIES LIKE LAS VEGAS AND
PHOENIX TEETERING AT
ROUGHLY 115.
>> THE MASSIVE HEAT
WAVE SLAMMING ARIZONA
>> Reporter: AFTER
THREE DAYS OF TRIPLE-DIGIT HEAT IN
SALT LAKE
CITY -- >> MELTS YOUR FACE OFF
KIND OF
DAY. >> Reporter: -- EVEN
BILLINGS
WAS BAKING AT 108 YESTERDAY.
FROM CALIFORNIA TO
COLORADO THERE IS LITTLE RELIEF
IN THE
FORECAST THE WEST COOKING AND
ROADS
CRACKING IN THE EXTREME WEATHER.
>> THANK YOU FOR
CALLING GENERATOR SUPERCENTER.
>> Reporter: IN TEXAS
MANY ARE BUYING GENERATORS,
FEARING THE
POWER GRID THAT FAILED IN THE
RECORD COLD MAY RESORT
TO BLACKOUTS IN THIS
HISTORIC HEAT.
IN CALIFORNIA POWER COMPANIES
ARE ALSO URGING
RESIDENTS TO CONSERVE POWER TO
AVOID OUTAGES.
EVEN NIGHTFALL ISN'T BRINGING
COOLER TEMPERATURES.
ALREADY FACING A MEGA DROUGHT,
THE WEST IS ALSO ON
THE BRINK OF ANOTHER EPIC FIRE
SEASON
ONE DISASTER TRIGGERING ANOTHER
AS IT JUST BEGAN TO
HEAT UP. MIGUEL ALMAGUER, NBC
NEWS
>>> WE'RE ALSO KEEPING AN EYE ON
A POTENTIAL TROPICAL
THREAT IN THE GULF OF MEXICO
THERE IS A GOOD CHANCE
IT WILL BECOME A TROPICAL
DEPRESSION BY
FRIDAY THE GULF COAST FROM
EAST TEXAS
TO THE FLORIDA PANHANDLE COULD
GET FOUR TO TWELVE
INCHES OF RAIN
>>> TONIGHT AMERICA
GETTING RID OF COVID RESTRICTIONS
BUT FACING
A GROWING THREAT FROM THE DELTA
VARIANT OF THE VIRUS
IN THE U.S. JUST UNDER 175
MILLION HAVE RECEIVED
AT LEAST ONE VACCINE DOSE
BUT THAT'S ONLY ABOUT
400,000 MORE THAN YESTERDAY'S
NUMBER
HERE IS BLAYNE ALEXANDER.
>> Reporter: TONIGHT
EXPERTS PREDICT THE DELTA
VARIANT, FIRST
DISCOVERED IN INDIA, COULD SOON
BECOME THE DOMINANT
COVID STRAIN IN THE U.S
>> IT IS MORE
TRANSMISSIBLE AND POSSIBLY MORE
DANGEROUS IN TERMS
OF CAUSING SEVERE DISEASE.
>> Reporter: ALL OF IT
ONLY ACCELERATING THE RUSH
TO GET
AMERICANS VACCINATED BUT THE BIDEN
ADMINISTRATION IS
RUNNING OUT OF TIME TO HIT ITS
JULY 4th GOAL, 70% OF
AMERICANS WITH AT LEAST ONE
SHOT
SO FAR ONLY ABOUT 53% OF THE
COUNTRY IS PARTIALLY
VACCINATED BUT SOME STATES ARE
BARELY
HITTING A THIRD OF THEIR
POPULATION
THE LOWEST RATE IN SOUTHERN
STATES LIKE GEORGIA,
ALABAMA, LOUISIANA, AND
MISSISSIPPI,
WHERE ONLY 28% OF THE STATE IS
FULLY VACCINATED
A NEW POLL OUT TODAY GIVES SOME
INSIGHT INTO WHY THE
RATES ARE LAGGING.
37% OF THOSE ASKED
POINT TO VACCINE HESITANCY.
BUT NEARLY DOUBLE THAT
NUMBER SAY THEY FACED
BARRIERS IN
TRYING TO GET THE SHOT
AND EVEN AS SCENES
LIKE THESE ARE BECOMING MORE
FAMILIAR,
DODGER STADIUM HOSTING THE
LARGEST SPORTS CROWD
SINCE THE START OF THE PANDEMIC,
STILL
SOME SETBACKS, WITH A ROYAL
CARIBBEAN CRUISE SHIP
FORCED TO POSTPONE SETTING SAIL
AFTER
EIGHT CREW MEMBERS TESTED
POSITIVE FOR COVID
>> ON ONE HAND WE'RE SEEING A
NUMBER OF STATES
LOOSENING RESTRICTIONS BUT ON
THE OTHER
HAND WE'RE HEARING THIS DIRE
WARNING ABOUT THE
DELTA VARIANT. IS THIS A CONFUSING
MESSAGE?
>> WELL, BLAYNE, I THINK WHAT
YOU'RE HEARING IS
REALLY A MESSAGE FOR TWO
DIFFERENT
POPULATIONS, WHICH IS THAT IF
YOU ARE VACCINATED,
YOU ARE STILL IN GOOD SHAPE.
BUT IF YOU ARE
UNVACCINATED THERE ARE STILL
REASONS TO BE
CAUTIOUS, TO STILL WEAR A MASK,
TO STILL AVOID INDOOR
GATHERINGS >> Reporter: AND THIS
WEEK VICE
PRESIDENT HARRIS WILL TRAVEL TO
ATLANTA, PART OF THE
ADMINISTRATION'S FOCUS ON
BOOSTING VACCINATIONS
IN THE SOUTH.
LESTER
>> ALL RIGHT, BLAYNE, THANK YOU.
YOU CAN MAKE A PLAN
FOR WHEN AND WHERE TO GET
VACCINATED
VISIT PLANYOURVACCINE.COM
FOR
MORE >>> LATE TONIGHT THE
HOUSE PASSED A BILL
THAT WOULD MAKE JUNE 19th A FEDERAL
HOLIDAY.
IT'S KNOWN AS JUNETEENTH, A DAY
COMMEMORATING THE END
OF SLAVERY.
PRESIDENT BIDEN IS
EXPECTED TO SIGN THE BILL,
ESTABLISHING THE
HOLIDAY AS JUNETEENTH NATIONAL
INDEPENDENCE DAY
>>> NOW TO OUR SERIES "AMERICA
THE VULNERABLE."
AND THE COUNTRY'S DIGITAL
DIVIDE
THE BIDEN ADMINISTRATION SAYS
BROADBAND SHOULD BE
TREATED AS ESSENTIAL
INFRASTRUCTURE TO HELP
BRIDGE THAT GAP. BUT AS JAKE WARD
REPORTS, SOME
STATES HAVE ROAD BLOCKS
>> Reporter: HIGH
SCHOOL TEACHER MICHELLE GALLOWAY
SPENT MONTHS
STRUGGLING TO CONNECT WITH
STUDENTS FROM HER
NORTH CAROLINA FARMHOUSE DURING THE
PANDEMIC
>> SOMETIMES I WOULD CRY AFTER A
CLASS.
>> Reporter: AT TIMES THE SLOW
INTERNET MADE IT
NEARLY IMPOSSIBLE TO
COMMUNICATE.
>> I HAD ONE STUDENT TO HOLD UP
A SIGN SAYING "MISS
GALLOWAY, ASK THAT QUESTION
AGAIN.
SO I WROTE IT OUT AND HELD IT
UP
>> Reporter: HIGH-SPEED BROADBAND
INTERNET
NEEDED FOR VIDEO CONFERENCING
HAS ALWAYS BEEN HARD
TO GET IN RURAL AMERICA.
BECAUSE COMPANIES MAKE
LESS MONEY CONNECTING
REMOTE
COMMUNITIES THAN THEY DO CITIES.
BUT WILSON, NORTH
CAROLINA, IS AN EXCEPTION
YOU WOULDN'T THINK
THAT A PLACE LIKE THIS HAS
WORLD-CLASS
BROADBAND SPEEDS, BUT THE TRUTH
IS IT DOES
>> Reporter: BUT IN ORDER TO
ACTUALLY CONNECT ALL
OF THESE HOUSES CREWS HAVE TO
INSTALL
FIBEROPTIC CABLE LIKE THESE.
AFTER A LARGE CABLE
COMPANY REFUSED TO PARTNER
WITH WILSON,
THE CITY SPENT $32 MILLION TO
CREATE ITS OWN
BROADBAND NETWORK.
MAKING HIGH-SPEED
INTERNET A PUBLIC UTILITY HERE.
AVAILABLE TO ANYONE IN
THE COUNTY LIKE GAS OR
ELECTRICITY.
>> WE DIDN'T JUST CHERRY-PICK
THE MOST PROFITABLE OR
POTENTIALLY PROFITABLE REGION
>> Reporter: ONLY TWO
CITIES IN NORTH CAROLINA ARE
ALLOWED TO
PROVIDE INTERNET THIS WAY.
BECAUSE STATE LAW
BACKED BY THE TELECOM INDUSTRY NOW
ESSENTIALLY
FORBIDS INTERNET AS A PUBLIC
UTILITY ON THE GROUNDS
OF FAIR COMPETITION.
18 OTHER STATES HAVE
SIMILAR LAWS
BUT JUST 30 MILES
NORTH OF WILSON, ROCKY MOUNT'S
MAYOR SAYS
THE LAW IS HOLDING HIS TOWN
BACK
>> WE'VE GOT TO HAVE THE
TECHNOLOGY TO ENABLE
OUR RESIDENT POPULATION TO
LIVE
HERE >> Reporter: RESIDENTS
HERE SAY
THE INTERNET OFFERED BY PRIVATE
COMPANY IS SO SLOW
MANY GO TO THE LIBRARY FOR A
RELIABLE
CONNECTION >> I HAVE TO DO ONLINE
APPLICATIONS, WHEN I
HAVE TO APPLY FOR JOBS OR LOOK
FOR
RENTAL ASSISTANCE. >> Reporter: MICHELLE
GALLOWAY
IS NOW CONNECTED TO WILSON'S
HIGH-SPEED NETWORK AND
SAYS THE ISSUE OF ACCESS COULD
BE A
LEARNING OPPORTUNITY FOR HER
STUDENTS
>> IT WOULD BE A WONDERFUL GROUP
PROJECT.
WHY DO 18 STATES TAKE THIS
PERSPECTIVE ON THE
EXPANSION OF BROADBAND INTERNET
>> Reporter: JAKE
WARD, NBC NEWS, WILSON, NORTH
CAROLINA
>>> UP NEXT, TIPS ON GETTING THE
HOME YOU WANT IN A RED
HOT
>>> BACK WITH A NEW
REPORT REVEALING THE
STAGGERING SCOPE
OF THE HOUSING CRUNCH IN THE
U.S.
STEPHANIE RUHLE NOW WITH WHAT
BUYERS NEED TO KNOW.
>> Reporter: ON PAPER DANIEL AND
KRISTEN SILLS ARE THE
PERFECT FIRST-TIME HOME
BUYERS
>> OUR CREDIT IS IMPECCABLE
OUR SAVINGS ARE IN
CHECK. WE HAVE ZERO DEBT.
BUT IN THIS MARKET WE
CANNOT COMPETE.
>> Reporter: GAVE UP
THEIR BUDGET AND WIDENED
THEIR SEARCH
OF THE BOSTON AREA BUT THE LAST
HOUSE THEY BID ON HAD
29 OFFERS. >> IT SOLD FOR ABOUT
$70,000 OR
$80,000 OVER WHAT THE ASKING
PRICE WAS.
AND IT WAS A 1200-SQUARE-FOOT
HOME
>> Reporter: ONE OF THE BIGGEST
ISSUES, THE LACK OF
HOMES FOR SALE
20% FEWER COMPARED TO
A YEAR AGO.
>> WE'VE SOLD FEWER
HOMES THIS LAST DECADE THAN ANY
DECADE
GOING BACK TO THE 1960s.
SO GOING INTO THE
PANDEMIC WE WERE ALREADY FACING A
HOUSING
SHORTAGE AND IT'S JUST GOTTEN SO
MUCH WORSE
>> Reporter: A NEW REPORT FINDS
THE PACE OF
CONSTRUCTION SLOWED, CREATING A SHORTAGE OF
MORE THAN
5.5 MILLION UNITS. >> YOU CAN'T JUST FLIP
A SWITCH
AND CREATE MORE HOUSING.
>> Reporter: THE
ADVICE FOR BUYERS, DO YOUR
RESEARCH ON WHAT
HOMES REALLY SELL FOR, NOT JUST
THE LIST PRICE
AND KNOW YOUR BUDGET AND YOUR LIMIT
WHEN MIGHT WE SEE THE
HOUSING MARKET COOL DOWN
>> I THINK THE HOUSING
MARKET HAS ALREADY STARTED TO
COOL A
BIT BUT IT'S NOT GOING
