Housing Market May See Big Price Drops In Some US Cities
Video Credit: Wibbitz Top Stories - Duration: 01:30s - Published
Housing Market May See Big Price Drops In Some US Cities
Housing Market , May See Big Price Drops, In Some US Cities.
'Newsweek' reports that experts predict the housing
market is heading into a correction following years
of soaring mortgage rates and major cost increases.
Economists reportedly doubt that a full housing market
crash — where many houses go into foreclosure
and people lose their homes — is on the way.
Lawrence Yun, chief economist at the National Association
of Realtors, says that a correction is not an actual crisis
in terms of foreclosures and people forced to sell at a loss.
Lawrence Yun, chief economist at the National Association
of Realtors, says that a correction is not an actual crisis
in terms of foreclosures and people forced to sell at a loss.
However, some parts of the United States may
experience steep price drops during this correction
period, which is predicted to last through part of 2023.
'Newsweek' reports that real estate brokerage
Redfin expects housing prices to fall
the most in cities like Austin, Boise and Phoenix.
'Newsweek' reports that real estate brokerage
Redfin expects housing prices to fall
the most in cities like Austin, Boise and Phoenix.
'Newsweek' reports that real estate brokerage
Redfin expects housing prices to fall
the most in cities like Austin, Boise and Phoenix.
According to Redfin, places that were considered "pandemic migration hotspots" all saw hefty price increases, which leaves room for prices to fall.
Redfin also predicted several metropolitan areas
will experience relatively little change, including: , Chicago, Milwaukee and Baltimore.
Redfin also predicted several metropolitan areas
will experience relatively little change, including: , Chicago, Milwaukee and Baltimore.
Redfin also predicted several metropolitan areas
will experience relatively little change, including: , Chicago, Milwaukee and Baltimore.
Meanwhile, Redfin predicts the most expensive
cities in the U.S., like San Francisco, will see large
price declines amid a struggling tech sector.
Meanwhile, Redfin predicts the most expensive
cities in the U.S., like San Francisco, will see large
price declines amid a struggling tech sector
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
Experts Say Fed's , Rate Hikes Could Impact , Housing Market for Decades.
Yahoo Finance reports that the housing market
has been showing signs of bouncing back as
this year's spring home-buying season begins.
For the second week in a row, mortgage rates
fell, reaching the lowest level in over a month. .
According to Freddie Mac, the average rate
on a 30-year fixed mortgage dropped to
6.74% from 6.88% the week before.
At the same time, supply is also
starting to rebound, with new listings
hitting a 17-month high in February. .
Despite the improvement, experts warn
that the Fed's aggressive rate-hiking campaign could
have long-lasting side effects on the housing market.
Despite the improvement, experts warn
that the Fed's aggressive rate-hiking campaign could
have long-lasting side effects on the housing market.
According to economist Gary Shilling, the Fed's
campaign has created a "perfect storm,"
with higher rates causing would-be
home sellers to put their plans on hold. .
It won't continue
indefinitely, but it certainly
is disruptive right now, Gary Shilling, Economist, via Yahoo Finance.
Redfin CEO Glenn Kelman shared similar views on the future of the housing market, warning it could take decades to move beyond the impact of the Fed's efforts.
Redfin CEO Glenn Kelman shared similar views on the future of the housing market, warning it could take decades to move beyond the impact of the Fed's efforts.
There's going to be low
supply for a long time to
come. What the Fed did…
will have a 30-year tail on it, Glenn Kelman, Redfin CEO, via Yahoo Finance.
Yahoo Finance reports that mortgage rates may be
unlikely to fall much further in the near term, meaning
that a more substantial rebound may still be far off.
Credit: Wibbitz Top Stories Duration: 01:30Published
Homicide and Other Violent Crimes , Declining in Cities Across the US.
'The Guardian' reports that a recent crime analysis found that homicides in major cities across the United States are falling at , “one of the fastest rates of decline ever recorded.".
There’s just a ton of places that
you can point to that are showing
widespread, very positive trends, Jeff Asher, AH Datalytics, via 'The Wall Street Journal'.
According to AH Datalytics' sample of nearly
200 cities, murder was down by 20.8% in 2024,
when compared to the same time in 2023.
Some cities, including Washington DC,
New Orleans, Las Vegas, and Milwaukee,
saw murder rates decline by over 30%.
Some cities, including Washington DC,
New Orleans, Las Vegas, and Milwaukee,
saw murder rates decline by over 30%.
The analysis is based on the FBI's Uniform Crime
Reporting program, which consists of data collected
by local law enforcement agencies across the nation.
While the FBI's 2023 report will not be audited or made
official until October, preliminary figures suggest
that murder rates significantly dropped in 2023. .
The latest data suggests that this
year's declines will continue at an even
faster clip, nearing pre-pandemic levels. .
'The Guardian' reports that the latest
data mirrors another drastic decline
in homicides during the 1990s.
Nationally, you’re seeing
a very similar situation to what
you saw in the mid-to-late 90s.
But it’s potentially even larger
in terms of the percentages
and numbers of the drops, Jeff Asher, AH Datalytics, via 'The Wall Street Journal'.
The AH Datalytics data also found that nearly
all other violent crimes saw significant
declines in 2023 compared to 2022. .
The quarterly data in particular
suggests 2023 featured one of the
lowest rates of violent crime in the
United States in more than 50 years, Jeff Asher, AH Datalytics, via 'The Wall Street Journal'
Credit: Wibbitz Top Stories Duration: 01:31Published
This Day in History: , Hank Aaron Breaks Babe Ruth’s
All-Time Home Run Record.
April 8, 1974.
Aaron hit his 715th home run
to earn the new record in front of
a crowd of 53,775 in Atlanta.
He hit the record-breaking homer
off a pitch from LA Dodgers' Al Downing.
The extraordinary achievement
would remain in place until 2007.
Aaron made his major league debut
with the Milwaukee Braves in 1954.
Over the span of his 23-year career,
Aaron played for the Braves in both Milwaukee and
Atlanta. He ended his career with the Milwaukee Brewers.
When he retired in 1976,
he had 755 home runs.
He was inducted into the
Baseball Hall of Fame in 1982
Credit: Wibbitz Top Stories Duration: 00:56Published
California Could Get up to 10 Feet of Snow , as Blizzard Approaches.
A blizzard will reach the Sierra Nevada on the night of Feb. 29 and last until March 3, NBC News reports. .
The storm's peak could bring
1 to 2 inches of snow per hour.
Wind gusts up to 100 mph are also possible.
Donner Pass could see up to 10 feet of snow, while Blue Canyon could accumulate as much as 7 feet. .
Lake Tahoe is forecast to get 3 to 6 feet of snow, and Pollock Pines could get up to 3 feet. .
Up until now, below average snowfall
has accumulated in the Sierra,
leading to as much as an 8-foot deficit.
This storm has the potential to
set a new record, NBC News reports.
It could also create a surplus in
areas where there are deficits. .
Experts are warning about the
possibility of avalanches, "especially
in the backcountry," NBC News reports. .
Meanwhile, states to the east
are experiencing record warmth.
Cities that have experienced their
warmest February on record include
Albany, Chicago, Des Moines, Fargo.
Cities that have experienced their
warmest February on record include
Albany, Chicago, Des Moines, Fargo.
Green Bay, Little Rock, Milwaukee, Minneapolis, St. Louis, Syracuse and Tulsa. .
Green Bay, Little Rock, Milwaukee, Minneapolis, St. Louis, Syracuse and Tulsa. .
Green Bay, Little Rock, Milwaukee, Minneapolis, St. Louis, Syracuse and Tulsa.
Credit: Wibbitz Top Stories Duration: 01:30Published
Join us as we explore the uncertain future of the 21 sailors stranded aboard the Dali in the aftermath of the Baltimore bridge collapse. Learn about the challenges they face and the efforts underway to ensure their well-being amidst this tragedy. Stay informed and stay tuned for the latest updates on this developing situation.
#Baltimore #BaltimoreBridge #BaltimoreBridgeCollapse #BaltimoreRescue #BaltimoreAccident #BaltimoreUpdate #SalvageCrew #BaltimoreSalvageCrew #USNews #Oneindia
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In the aftermath of the Baltimore bridge collapse, officials announced on Sunday night (March 31) plans to establish a temporary channel, facilitating the resumption of limited commercial vessel traffic in and out of the port. The decision arrives as cleanup operations persist in the wake of the Francis Scott Key Bridge incident.
TAGS
#BaltimoreBridgecollapse #BaltimoreBridgeTemporaryChannel #MarylandBridge #francisscott #Maryland #Baltimore #Bridgecollapse #USnews #Biden #Worldnews #latestnews #breakingnews #francisscottkeybridge #usbridgecollapse #baltimorekeybridge #usa #englishnewslive
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On Saturday, the Oklahoma State Patrol announced the closure of a highway south of Sallisaw following a barge collision with a bridge over the Arkansas River. Troopers took action around 1:25 pm upon receiving reports of the incident, redirecting traffic away from the affected area, according to state patrol spokesperson Sarah Stewart. The bridge, spanning the Arkansas River at its entry into the Robert S. Kerr Reservoir will stay shut until inspection can be conducted, Stewart added.
#BridgeCollapse #BaltimoreTragedy #ArkansasRiverBridge #BargeCollision #USBridgeIncident #InfrastructureSafety #BridgeSafety #TransportationSafety #BridgeMaintenance #BargeAccident
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In a race against time, salvage crews in Baltimore work tirelessly to lift the first piece of the collapsed Francis Scott Key Bridge from the water. This critical step marks the beginning of a complex operation to reopen the city's blocked port. Stay tuned for updates on this unfolding story.
#Baltimore #BaltimoreBridge #BaltimoreBridgeCollapse #BaltimoreRescue #BaltimoreAccident #BaltimoreUpdate #SalvageCrew #BaltimoreSalvageCrew #USNews #Oneindia
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These US Cities, Have the Highest Populations of, Millionaires.
According to a report by Henley & Partners,
the United States remains the top country in the
world for private wealth creation and accumulation.
Quartz reports that the U.S. accounts
for about 32% of global liquid investable
wealth, valued at approximately $67 trillion.
Here are some of the cities
with the largest populations of
millionaires, according to the report.
Austin, This Texas city had the biggest explosion
in millionaire growth in the U.S. over the past
ten years, reaching 32,700 by the end of 2023. .
Miami, This Florida city is home to
35,300 millionaires and 15 billionaires,
including Amazon CEO Jeff Bezos.
Boston, While having just eight billionaires,
the fewest of any other city on the list,
this New England city is home to , 42,900 millionaires.
Seattle, This Washington State city is the home of
some of the largest corporations in the U.S.,
including Amazon and Microsoft. It's also
home to 54,200 millionaires and 11 billionaires. .
Chicago, Approximately 120,500 millionaires
live in this Midwestern metropolis. .
Los Angeles, The second-most populous city in the U.S. has about, 212,100 millionaires and 43 billionaires.
San Francisco, The tech hub of the U.S. boasts the most
billionaires with a whopping 68, as well as
the second-most millionaires with 305,700. .
New York, The city with the most high
net worth individuals has about , 349,500 millionaires
and 60 billionaires
Credit: Wibbitz Top Stories Duration: 01:31Published
House of Robb, the immersive pop-up featuring tastings, brand activations and live discussions from 'Robb Report,' returned to SXSW for the 2024 festival in Austin. The Hollywood Reporter hosted a conversation with Suzy Batiz, the CEO and founder of Pourri. The chat, titled "From Disaster to Triumph, Making Change That Matters," hit on a wide range of topics, including Batiz's upbringing, her decision to create Poo-Pourri and her concept of an "alive idea."
Credit: The Hollywood Reporter Duration: 35:31Published
Artists and Speakers Boycott SXSW , in Protest of Military and Defense Industry Sponsorships.
As the war between Israel and Hamas rages on,
dozens have canceled their South by Southwest appearances to protest event sponsorships from defense companies
and the U.S. Army, CNN reports. .
As the war between Israel and Hamas rages on,
dozens have canceled their South by Southwest appearances to protest event sponsorships from defense companies
and the U.S. Army, CNN reports. .
The protest is meant to show solidarity
with Palestinians in Gaza.
The protest is meant to show solidarity
with Palestinians in Gaza.
A music festival should not include
war profiteers. I refuse to be
complicit in this and withdraw
my art and labor in protest, Singer-songwriter Ella Williams, via Instagram.
Texas Gov. Greg Abbott took to social
media to respond to the protest.
Bye. Don’t come back, Texas Gov. Greg Abbott, via X.
We are proud of the
U.S. military in Texas. If you
don’t like it, don’t come here, Texas Gov. Greg Abbott, via X.
However, SXSW "does not agree" with Abbott's approach, CNN reports. .
We fully respect the decision
these artists made to exercise
their right to free speech, SXSW organizers, via statement.
The defense industry has historically
been a proving ground for many of
the systems we rely on today. , SXSW organizers, via statement.
These institutions are often leaders in emerging technologies, and we believe it’s better to understand how their approach will impact our lives. , SXSW organizers, via statement.
The Army’s sponsorship is part of
our commitment to bring forward
ideas that shape our world, SXSW organizers, via statement.
The annual Austin, Texas,
festival lasts until March 16
Credit: Wibbitz Top Stories Duration: 01:30Published
Supreme Court Pauses , Implementation of Immigration Law in Texas.
On March 4, the Supreme Court temporarily stopped the state from enforcing a law that gives Texas the authority to arrest and detain those it suspects to be illegal immigrants. .
The administrative hold, issued by Justice
Samuel Alito, will keep the law from going
into effect until March 13, CNN reports. .
It was previously scheduled
to go into effect on March 10.
An emergency application was filed by
immigration groups and the White House
in an attempt to block the law. .
According to the Justice Department, the law would "profoundly" impact the parameters that have "existed between the United States and the States in the context of immigration for almost 150 years.".
Immigration advocates say that Senate Bill 4 will increase instances of racial profiling, detentions and attempted deportations. .
A federal judge in Austin blocked Texas
from implementing the law last week. .
If allowed to proceed, SB 4 could open the door to each state passing its own version of immigration laws, Judge David Alan Ezra, via statement.
CNN reports that "Latinos represent
40% of the population" in Texas.
Credit: Wibbitz Top Stories Duration: 01:31Published
This Day in History:, The Great San Francisco Earthquake.
April 18, 1906.
At 5:13 a.m., an earthquake
struck offshore of San Fransisco,
a city with a population of 400,000 at the time.
The quake was felt from
southern Oregon to Los Angeles,
and ruptured 296 miles of the San Andreas fault.
Destroying San Francisco's water mains,
the quake ignited massive, devastating
fires all over the city that could not be combated.
The fires burned for days,
resulting in the deaths of more than
3,000 people and destroying more than 28,000 buildings.
More than half of the city was
left homeless by the disaster.
Damages were estimated to close to $15 billion in
today's dollars. The recovery and rebuild allowed city
planners to make great improvements to San Francisco
Credit: Wibbitz Top Stories Duration: 00:57Published
OJ Simpson, the NFL star acquitted of m-rder charges, has died at 76, confirmed by his family on social media. Despite legal controversies, including a civil suit finding him liable for deaths, Simpson's legacy spans football, acting, and media. Born in San Francisco, he rose to fame at USC, then excelled with the San Francisco 49ers and the Buffalo Bills before transitioning into Hollywood.
#OJSimpson #NFLStar #NFL #OJSimpsonDead #OJSimpsonnews #Footballnews #Simpsons #Worldnews #Oneindia #Oneindianews
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Remembering Maya Angelou.
Marguerite Annie Johnson was born on
April 4, 1928, and died on May 28, 2014.
Here are five
facts in honor
of the poet.
1. Angelou was the second poet
in history to read a poem at a
presidential inauguration.
2. She worked with both
Martin Luther King Jr. and Malcolm X.
3. She was named Wake Forest University's first Reynolds Professor of American Studies in 1982.
4. Angelou was the
first Black woman to
conduct a streetcar
in San Francisco.
5. Prior to becoming
a poet, she was in an
opera, ‘Porgy and Bess,’
and a journalist.
Happy Birthday,
Maya Angelou!
Credit: Wibbitz Top Stories Duration: 00:52Published
10 Surprising Pi Day Facts.
In honor of Pi Day on March 14,
here are 10 facts about the
essential math constant.
1. Because pi is an infinite number,
every single digit will never be determined.
Pi has currently been calculated
to 22,459,257,718,361 digits.
2. Pi has it’s own writing style
called Pilish. The number of letters in
successive word are chosen to match
the number sequence found in pi.
3. Pi can be hand-calculated fairly easy
by creating a circle with a protractor
and measuring its diameter with a ruler.
4. Pi was discovered by ancient
Babylonians nearly 4,000 years ago.
5. Physicist Larry Shaw, the "Prince of Pi,"
launched the first pi celebration in 1988
at a San Francisco science museum.
6. Some people believe that tau,
which is pi multiplied by two,
is a more intuitive irrational number.
7. Albert Einstein was born on March 14, 1879
and Stephen Hawking died on March 14, 2018.
8. The symbol for pi is the Greek
letter π . It is the first letter of the
Greek words for “periphery”
and “perimeter.”.
9. Because the exact number of pi can
never be calculated, we will never be able
to find the exact circumference or area of a circle.
10. The record for most digits of pi memorized
is held by Rajveer Meena of India. He recited
70,000 decimal places of pi in 2015
Credit: Wibbitz Top Stories Duration: 01:23Published
Pro-Palestinian protesters disrupted many Chicago travelers' plans by blocking the entrance to the O'Hare International Airport ... forcing several people to.. TMZ.com
Lollapalooza 2024 , Headliners Announced.
Lollapalooza 2024 , Headliners Announced.
Headliners for the annual Chicago
festival were announced on March 19.
They are Blink-182, Future, Hozier.
They are Blink-182, Future, Hozier.
They are Blink-182, Future, Hozier.
the Killers, Melanie Martinez, Metro Boomin.
the Killers, Melanie Martinez, Metro Boomin.
the Killers, Melanie Martinez, Metro Boomin.
Skrillex, Stray Kids, SZA and Tyler, the Creator. .
Skrillex, Stray Kids, SZA and Tyler, the Creator. .
Skrillex, Stray Kids, SZA and Tyler, the Creator. .
Skrillex, Stray Kids, SZA and Tyler, the Creator. .
Other big-name performers
include Deftones, Killer Mike.
Other big-name performers
include Deftones, Killer Mike.
Kesha, Renee Rapp, Kenny Beats.
Kesha, Renee Rapp, Kenny Beats.
Kesha, Renee Rapp, Kenny Beats.
Pierce the Veil, Zedd, Victoria Monet,
Vince Staples and more.
Pierce the Veil, Zedd, Victoria Monet,
Vince Staples and more.
Pierce the Veil, Zedd, Victoria Monet,
Vince Staples and more.
Pierce the Veil, Zedd, Victoria Monet,
Vince Staples and more.
This year, the festival will take place
from Aug 1-4 in Grant Park. .
Presale begins March 21 at 10 a.m. Ticket prices
will increase at noon when the public sale begins.
The cost of a 4-Day General
Admission Ticket starts at $385
Credit: Wibbitz Top Stories Duration: 01:30Published
St. Patrick's Day
by the Numbers.
Everyone can be
Irish for a day on March 17.
In the U.S., St. Patrick's Day
has evolved into a reason to
celebrate your Irish heritage.
On average, 13 million pints of Guinness
are served on March 17.
Chicago has a famous tradition
of dyeing its river green.
The tradition started in 1942,
and takes 40 pounds of dye.
Boston is a great place to
celebrate with its annual parade.
It is the most Irish city in the U.S.,
with 20.4% of its citizens are of Irish ancestry.
79% of celebrators plan to wear green.
Credit: Wibbitz Top Stories Duration: 00:56Published
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