These 5 US Cities Have the , Fastest-Rising Home Prices.
'Newsweek' reports that five cities in the
United States saw home prices increase by more
than 8% between January 2023 and January 2024.
The S&P CoreLogic Case-Shiller National Home Price
Index showed that all 20 cities analyzed had year-
over-year increases during the same period of time.
According to the report, , these are the five cities where , home prices grew the fastest:.
Chicago, IL, Home prices increased by 8%
year-over-year in the Windy City.
According to the latest Redfin data, the median sale price of a house in Chicago was $335,000 as of February 2024, a 6.3% increase compared to the same time last year.
Charlotte, NC, Charlotte saw home prices increase
by 8.1% year-over-year for 2024,
with the median home price at $399,995.
Detroit, MI, Motor City saw home prices jump 8.3%. The median sale price of a home was $83,000, a significant 15.3% increase compared to 2023.
'Newsweek' reports that while Detroit has some of the cheapest
home prices in the nation, its housing market is seeing a
resurgence due to a boom in electric vehicle production.
'Newsweek' reports that while Detroit has some of the cheapest
home prices in the nation, its housing market is seeing a
resurgence due to a boom in electric vehicle production.
Los Angeles, CA, The city's 8.6% hike ranked as the second-highest
price increase in the nation with the median home
price at $975,000, a 5.9% increase year-over-year.
San Diego, CA, San Diego registered a whopping 11.2%
price increase for 2023 with the median sale price
sitting at $940,000, a 10% year-over-year increase.
Credit: Wibbitz Top Stories Duration: 01:31Published
This Day in History:, Heaven’s Gate Cult
Members Found Dead.
March 26, 1997.
Led by Marshall Applewhite,
39 members of the cult peacefully committed suicide
by drinking a mixture of vodka and phenobarbital.
The disturbing scene was discovered by
police in a mansion in a San Diego suburb.
Clothed in matching Nike sneakers and dark uniforms,
the 21 men and 18 women were were found in several
rooms throughout the mansion.
They were convinced their suicides would free them
from their bodies, allowing them to enter an
alien spacecraft hidden behind the rare Hale-Bopp comet.
The cult advocated sexual abstinence.
Several of the men had undergone
castration surgery, including Applewhite.
None of the 39 bodies showed
any signs of blood or trauma
Credit: Wibbitz Top Stories Duration: 00:47Published
Winter Storm Brings , California Reservoir , to Full Capacity.
'Newsweek' reports that California's
Cachuma Lake reached full capacity following
a winter storm over the past weekend.
In the summer of 2022, several California
reservoirs reached alarmingly low water
levels amid a long-running drought.
At the time, water levels at
Cachuma Lake fell to 692 feet. .
On March 3 of this year, water levels
at Cachuma Lake reached 753.1 feet,
just above its capacity of 753 feet.
While other reservoirs in California are higher
than their historical averages, none besides Cachuma Lake have reached capacity this year, according to
the California Department of Water Resources.
Cachuma Lake has reached
136% of its historical average.
As a result, water levels in California have significantly
improved, with officials even voluntarily releasing
water from several reservoirs ahead of expected rain.
So far in 2024, a number of California
cities have exceeded their annual average
rainfall, including Los Angeles and San Diego.
According to AccuWeather,
California is predicted to be
drought-free until at least 2025.
However, a coming shift from El Niño to La Niña
in the fall could impact how long California
experiences a period of time without droughts.
However, a coming shift from El Niño to La Niña
in the fall could impact how long California
experiences a period of time without droughts
Credit: Wibbitz Top Stories Duration: 01:31Published
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