Americans Are Overpaying for Homes As Housing Market Remains Tight
Video Credit: Wibbitz Top Stories - Duration: 01:30s - Published
Americans Are Overpaying for Homes As Housing Market Remains Tight
Americans Are Overpaying for Homes, As Housing Market Remains Tight.
According to a study by Florida Atlantic University,
compared to historical prices, homebuyers in the most expensive cities in America are paying a premium of over 40%.
Business Insider reports that
Atlanta tops the list of the most
overpriced cities in the United States.
Five of the other top 10 most expensive
cities in the U.S. are in Florida.
Florida is so overvalued almost
certainly because of the increased
demand to live here combined with
a shortage of available housing units, Ken H.
Johnson, economist at FAU, via Business Insider.
There are just not enough roofs to
go around, given our population and
Florida's stature as a prime destination, Ken H.
Johnson, economist at FAU, via Business Insider.
Business Insider reports that the housing market has
remained tight in 2023, with mortgage rates and
prices still high, leaving homeowners reluctant to sell.
Here are some of the most
expensive cities and the premiums between
current costs and long-term prices.
Kendall Jenner's got the internet abuzz with reconciliation rumors ... 'cause she hit up her ex Bad Bunny's show right on the heels of their Met Gala reunion... TMZ.com
This Day in History: , Donna Summer, Queen of Disco, Dies.
May 17, 2012.
The 63-year-old singer and
songwriter died in Naples, FL,
from non-smoking related lung cancer.
The disco diva rose to fame
in the 1970s, with hits like
"Hot Stuff" and "Last Dance.".
As disco's popularity waned, Summer
wrote songs for several different genres.
Her song, "Starting Over Again," for Dolly Parton
was a number-one country single in 1980.
Her 1983 hit, "She Works Hard
for the Money," became a
pop-rock feminist anthem.
Summer was a five-time
Grammy winner, who's been
sampled by artists from
Beyonce to the Pet Shop Boys.
The mother of three was
buried in Nashville, her
home since the 1990s
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Tammy Sytch's recent move to a state prison in Florida ain't exactly off to the best start ... the WWE Hall of Famer tells TMZ Sports she's suffering from a.. TMZ.com
Donald Trump's famous private jet reportedly got into a minor collision with a parked plane at a Florida airport over the weekend -- and the Federal Aviation.. TMZ.com
Credit Card Delinquencies , Are on the Rise.
New York Federal Reserve data that was published on May 15 shows that credit card delinquencies kept rising from January to March, Fox Business reports. .
In Q1 2024, delinquencies reached
8.9% at an annualized rate.
America hasn't seen this high of a
percentage of serious credit card
delinquencies since 2012, Fox News reports. .
In the first quarter of 2024, credit
card and auto loan transition rates
into serious delinquency continued
to rise across all age groups, Joelle Scally, regional economic principal within the Household and
Public Policy Research Division at the New York Fed, via Fox Business.
An increasing number of borrowers
missed credit card payments,
revealing worsening financial
distress among some households, Joelle Scally, regional economic principal within the Household and
Public Policy Research Division at the New York Fed, via Fox Business.
Researchers aren't sure why delinquencies
are so high since the unemployment rate
is low, but they have a few theories.
One of those theories is that consumers drained savings throughout the pandemic
but continue to spend at high levels.
Another theory is that some Americans switched to jobs with lower salaries.
Additionally, credit card eligibility may have been expanded for many whose student debt wasn't being reported to credit bureaus amid the pandemic.
These are all kinds of complex issues.
We don't exactly know what's behind the
increase of these delinquency rates. But it's
definitely something that we're tracking, New York Fed researchers, via Fox Business.
The average annual percentage rate for
credit cards hit a record of 20.72% recently.
Credit: Wibbitz Top Stories Duration: 01:31Published
Experts Question Claim , That Yogurt Can Help , Prevent Type 2 Diabetes.
Associated Press reports that the United States Food
and Drug Association's recently allowed yogurt
producers to claim it reduces the risk of Type 2 diabetes. .
However, at the time, the agency acknowledged
that the claim is based on limited evidence.
In 2018, Danone North America, the U.S. side
of the French firm, sought FDA clearance
for making the "qualified health claim.".
Qualified health claims lack full scientific support
but are allowed as long as manufacturers include
a disclaimer to avoid misleading the public.
Similar qualified health claims have been
allowed for dietary supplements since
2000 and for food products since 2002. .
In March of 2024,
the FDA granted
Danone's request. .
According to the FDA, there is some evidence
that eating at least 2 cups of yogurt a week
could reduce the risk of developing Type 2
diabetes, which impacts about 36 million Americans.
Critics of the FDA's decision have countered
that the claim is not based on randomized
control trials which could prove or disprove
yogurt's purported health benefits.
Critics of the FDA's decision have countered
that the claim is not based on randomized
control trials which could prove or disprove
yogurt's purported health benefits.
The Center for Science in the Public
Interest, an advocacy group, cautions
that no single food can reduce the risk of
developing a disease linked to overall diet.
AP reports that experts have expressed
concerns that the label change could encourage
people to eat yogurt high in sugar, which could
increase the risk of developing diabetes
Credit: Wibbitz Top Stories Duration: 01:31Published
FTC to Decide , Whether Noncompete Agreements , Should Be Banned.
After receiving over 26,000 public comments about the issue, the Federal Trade Commission is set to deliver its verdict on April 30, NPR reports. .
The commission said that if approved, the
final rule "would generally prevent most
employers from using noncompete clauses.".
The commission said that if approved, the
final rule "would generally prevent most
employers from using noncompete clauses.".
Approximately one in five Americans, spanning minimum wage workers to CEOs, are subject to noncompete agreements, the FTC estimates. .
The Biden administration says that these types of agreements hurt workers by decreasing wages.
The White House also argues that these
agreements harm the U.S. economy because entrepreneurship isn't allowed to freely flourish. .
FTC Chair Lina M. Khan issued a statement when
the proposed ban was initially introduced.
The freedom to change jobs is
core to economic liberty and to
a competitive, thriving economy, FTC Chair Lina M. Khan, via statement.
Noncompetes block workers from
freely switching jobs, depriving
them of higher wages and better
working conditions, and depriving
businesses of a talent pool that
they need to build and expand, FTC Chair Lina M. Khan, via statement.
Businesses argue that noncompete agreements are essential for safeguarding investments and proprietary information.
Those businesses also question whether
the agency has the power "to regulate
such agreements," NPR reports. .
If the FTC votes to issue a final rule, enforcement wouldn't occur for 180 days,
and legal challenges would likely ensue.
Credit: Wibbitz Top Stories Duration: 01:31Published
Millennials Want a 4-Day Workweek, , Poll Indicates.
Redfield and Wilton Strategies recently conducted a poll for 'Newsweek' to find
out how Americans feel about the idea of moving toward a four-day workweek.
4,000 U.S. voters were
surveyed between April 6 and 7.
63% were in favor of a four-day workweek.
46% think the model makes
employees more productive.
Out of all age groups surveyed,
millennials accounted for 74% of those
who want to work less hours.
Of that 74%, 44% "were strongly in favor of a shorter working week," 'Newsweek' reports.
50% of people born in 1964 and before supported a four-day workweek.
The results come as more companies are adopting shorter workweeks, and politicians are pushing to advance the trend in Congress.
The results come as more companies are adopting shorter workweeks, and politicians are pushing to advance the trend in Congress.
The sad reality is, Americans now
work more hours than the people
of most other wealthy nations, Bernie Sanders, via March 2024 health committee hearing.
Lisa Countryman-Quiroz, CEO of non-profit JVS, called a 5-day, 40-hour workweek outdated.
The five-day workweek was created in a
different time. It served its purpose, but
today's world is more fast-paced and
technology-driven than our workplace
predecessors could have imagined, Lisa Countryman-Quiroz, CEO of non-profit JVS, via 'Newsweek'.
Since implementing a
four-day workweek, our
results have been incredible. , Lisa Countryman-Quiroz, CEO of non-profit JVS, via 'Newsweek'.
We've found our employees are more
productive, report better work-life balance,
and experience less burnout. Incredibly, our
turnover rate has been cut nearly in half, Lisa Countryman-Quiroz, CEO of non-profit JVS, via 'Newsweek'
Credit: Wibbitz Top Stories Duration: 01:31Published
Biden Looks to Energize , Young Voters With Earth Day , Solar Energy Grants.
Biden Looks to Energize , Young Voters With Earth Day , Solar Energy Grants.
NBC reports that President Joe Biden will mark
Earth Day with the announcement of $7 billion
in federal grants for residential solar projects.
NBC reports that President Joe Biden will mark
Earth Day with the announcement of $7 billion
in federal grants for residential solar projects.
The grants will bring solar energy
to over 900,000 households in both
low- and middle-income communities. .
According to senior administration officials, the
projects receiving additional funding will reduce emissions
by 30 million metric tons and save $350 million every year. .
According to senior administration officials, the
projects receiving additional funding will reduce emissions
by 30 million metric tons and save $350 million every year. .
NBC reports that solar power has gained
traction as a clean energy source that could
help reduce U.S. reliance on fossil fuels.
However, the high cost of initial installation
makes solar energy inaccessible
for many households in the U.S.
However, the high cost of initial installation
makes solar energy inaccessible
for many households in the U.S.
49 of the new grants will be awarded at
the state level, six more will serve Native American
tribes and another five are multi-state awards.
The grants will be used for renewable
investments that include rooftop solar
and community solar gardens. .
The grants will be used for renewable
investments that include rooftop solar
and community solar gardens. .
Officials say that the latest environmental
announcements are part of an effort to energize
young voters ahead of his upcoming reelection campaign.
Biden also reportedly plans to expand the
American Climate Corps green jobs training program,
which was created last year by executive action. .
Biden also reportedly plans to expand the
American Climate Corps green jobs training program,
which was created last year by executive action. .
The corps, which will offer nearly 2,000 positions across
36 states, is meant to offer young Americans the chance
to help enact the Biden administration's climate agenda. .
The corps, which will offer nearly 2,000 positions across
36 states, is meant to offer young Americans the chance
to help enact the Biden administration's climate agenda.
Credit: Wibbitz Top Stories Duration: 01:31Published
Lil Baby and his music video crew got caught in the crossfire -- that's the early word from cops investigating the gunfire that erupted in the middle of his.. TMZ.com
Moderators Announced , for Biden-Trump Presidential Debate.
On May 15, President Biden and former President Trump agreed to debate each other on June 27 and Sept. 10, Politico reports. .
On May 15, President Biden and former President Trump agreed to debate each other on June 27 and Sept. 10, Politico reports. .
The first debate will air on CNN, and the second one will be shown on ABC News. .
CNN has revealed that its debate moderators will be Jake Tapper and Dana Bash.
The debate will take place in Atlanta at 9 p.m. EST.
There will be no live audience. .
The early debates come as both Biden and Trump have declined to "participate in the Commission on Presidential Debates' proposed schedule," Politico reports.
The debates will also occur before
either candidate formally accepts their respective party's nominations.
Meanwhile, the accelerated timeline will prevent
any third-party or independent candidate from potentially participating in the debates.
Robert F. Kennedy Jr. took
to X to make his opinion known.
Presidents Trump and Biden
are colluding to lock America
into a head-to-head match-up
that 70% say they do not want, Robert F. Kennedy Jr., via X.
They are trying to exclude me
from their debate because they
are afraid I would win. Keeping
viable candidates off the debate
stage undermines democracy, Robert F. Kennedy Jr., via X.
By excluding me from the stage,
Presidents Biden and Trump
seek to avoid discussion of their
eight years of mutual failure
including deficits, wars, lockdowns,
chronic disease, and inflation, Robert F. Kennedy Jr., via X
Credit: Wibbitz Top Stories Duration: 01:31Published
Walmart Lays Off Hundreds of Workers , While Requiring Others to Relocate.
On May 14, the retail giant announced layoffs impacting several hundred employees at campus offices, NPR reports.
It was also revealed that most remote workers and
employees in Dallas, Atlanta and Toronto will be required
to move to "Bentonville, Arkansas; Hoboken, New Jersey;
and the San Francisco Bay Area," NPR reports.
Chief People Officer Donna Morris
let workers know in a memo.
It has been a little over four years since
we faced the global pandemic that
reshaped our lives in many ways,
including our ways of working. , Chief People Officer Donna Morris, via memo.
With the goal of bringing more of us
together more often, we are asking the
majority of associates working remotely,
and the majority of associates within our
offices in Dallas, Atlanta, and our
Toronto Global Tech office, to relocate. , Chief People Officer Donna Morris, via memo.
Morris went on to address the
"reduction of several hundred campus roles." .
While the overall numbers are small
in percentage, we are focused on
supporting each of our associates
affected by these changes, Chief People Officer Donna Morris, via memo.
A reason for the layoffs was not provided other than the fact that "some parts of our business have made changes," Morris said.
We have had discussions with
associates who were directly
impacted by these decisions. , Chief People Officer Donna Morris, via memo.
We will work closely with them in
the coming days and months to
navigate the best path forward, Chief People Officer Donna Morris, via memo
Credit: Wibbitz Top Stories Duration: 01:31Published
Lil Baby's planned music video in Atlanta sounded like a war zone after flurries of shots were fired in the area -- and TMZ Hip Hop's obtained video of the.. TMZ.com
Albany State University volleyball player Mariam Creighton was tragically killed in a nightclub shooting in Atlanta over the weekend. She was only 21 years old... TMZ.com
Recent Polls Show , Joe Biden Holds a Slight Lead , in Upcoming Presidential Election.
'Newsweek' reports that a series of recent polls have
placed current United States President Joe Biden with
a significant lead over his opponent Donald Trump.
'Newsweek' reports that a series of recent polls have
placed current United States President Joe Biden with
a significant lead over his opponent Donald Trump.
Here are some of the recent poll
results in favor of Biden for reelection. .
Florida Atlantic
University/Mainstreet, This poll gave Biden a slight edge with
47% of voters over 45% for Trump.
Florida Atlantic
University/Mainstreet, This poll gave Biden a slight edge with
47% of voters over 45% for Trump.
RMG Research, This poll of 1,679 voters also had Biden
holding a narrow 44% to 43% lead over Trump. .
RMG Research, This poll of 1,679 voters also had Biden
holding a narrow 44% to 43% lead over Trump. .
Ipsos, This poll found that 41%
of registered voters would support
Biden, compared to just 37% for Trump.
Ipsos, This poll found that 41%
of registered voters would support
Biden, compared to just 37% for Trump.
Quinnipiac University, This March 27 poll found that Biden
had a 3% lead with 48% of voter
support, compared to Trump's 45%.
Quinnipiac University, This March 27 poll found that Biden
had a 3% lead with 48% of voter
support, compared to Trump's 45%.
Marquette Law School, This poll resulted in Biden holding
a narrow lead of 45% of voters versus
44% of voters supporting Trump.
Marquette Law School, This poll resulted in Biden holding
a narrow lead of 45% of voters versus
44% of voters supporting Trump.
Marist College, This NPR study of 1,305 people ended
up with Biden gaining 50% of registered
voter support, compared to Trump's 48%. .
Marist College, This NPR study of 1,305 people ended
up with Biden gaining 50% of registered
voter support, compared to Trump's 48%. .
Experts caution that it remains too early to call the election in favor of either candidate, as other polls have former president Trump polling higher than Biden. .
Experts caution that it remains too early to call the election in favor of either candidate, as other polls have former president Trump polling higher than Biden. .
'Newsweek' reports that Heath Brown, an associate
professor of public policy at City University of New York,
points out that the presidential race remains "very close.".
'Newsweek' reports that Heath Brown, an associate
professor of public policy at City University of New York,
points out that the presidential race remains "very close.".
The polling over the last several months
indicate this is a very close race. I wouldn't
read too much into any one or two polls
at this point. The trend seems to be
that the campaign will be a very tight
one and I suspect the polls will
reflect that until November, Heath Brown, an associate professor of public
policy at City University of New York, via 'Newsweek'.
The polling over the last several months
indicate this is a very close race. I wouldn't
read too much into any one or two polls
at this point. The trend seems to be
that the campaign will be a very tight
one and I suspect the polls will
reflect that until November, Heath Brown, an associate professor of public
policy at City University of New York, via 'Newsweek'
Credit: Wibbitz Top Stories Duration: 01:31Published
The law requires media and NGOs to register as “pursuing the interests of a foreign power” if they receive more than 20% of their funding from abroad.
Credit: euronews (in English) Duration: 01:01Published
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
Happy Birthday,
Stevie Wonder!.
Stevland Hardaway Morris, also
known as Stevie Wonder, was born
on May 13, 1950, and turns 70.
He was born in Saginaw, Michigan.
Blind since birth, he later signed with
Motown’s Tamla label at 11 years old.
Wonder released his debut album, 'The Jazz Soul of Little Stevie,'Â in 1962 when he was 12 years old.
His discography includes his hit singles, "Signed, Sealed, Delivered I'm Yours," "Superstition" and more.
The Grammy-winning artist is one
the best-selling musicians.
Wonder also campaigned to make Martin Luther King Jr.’s birthday a U.S. holiday in 1980.
Wonder was named a United Nations Messenger of Peace in 2009.
and one of 'Billboard’s' Hot 100
All-Time Top Artists.
Happy Birthday,
Stevie Wonder!
Credit: Wibbitz Top Stories Duration: 01:01Published
Pop-Tarts is calling out Jerry Seinfeld ahead of the release of his new movie 'Unfrosted.' Seinfeld directed and co-wrote the film, which he also stars in, about the fictional origin story of Pop-Tarts. The actor and filmmaker has said of the movie, "This really did happen in Battle Creek, Michigan, where Kellogg's and Post were located, and they did compete to come up with this product. But the rest of it is complete lunacy." Now, a new video sees Seinfeld get called into Pop-Tarts HQ for a major meeting.
Credit: The Hollywood Reporter Duration: 01:55Published
FDA Testing Reveals , Bird Flu Virus , in 1 in 5 Milk Samples.
'Time' reports that the Food and Drug Administration
(FDA) has warned that traces of bird flu have been found
in nearly one-fifth of commercial milk samples tested. .
In a statement released on the agency's website,
the FDA said that traces of the virus do not
necessarily indicate a risk to consumers. .
According to the FDA, more tests are needed
to confirm if intact pathogens that remain
infectious are present in the samples.
Those tests would determine , "whether there is any risk of illness
associated with consuming the product.".
'Time' reports that the results of the study
come as a stark warning of how quickly the
virus is spreading among dairy cows in the U.S.
The virus has already killed millions of birds globally,
raising both health and food security concerns,
as well as spooking global markets.
The virus has already killed millions of birds globally,
raising both health and food security concerns,
as well as spooking global markets.
So far, the Department of Agriculture has already
confirmed 33 infected herds across eight states,
including Texas, Michigan and Ohio.
So far, the Department of Agriculture has already
confirmed 33 infected herds across eight states,
including Texas, Michigan and Ohio.
In an effort to understand the extent of the outbreak
and potentially contain it, the USDA has implemented
mandatory testing of cows moving across state borders.
Authorities have stressed that the current
risk to humans remains low, with only one
identified human case in the U.S. this year. .
To date, the retail milk studies
have shown no results that would
change our assessment that the
commercial milk supply is safe. , FDA statement, via 'Time'
Credit: Wibbitz Top Stories Duration: 01:31Published
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