Massachusetts State

Columbus, OH

WashingtonExaminer

Existing home sales fell in June for the fourth month in a row as median sales prices hit record levels, bad news for the housing market and the broader economy. Existing home sales in June fell a notable 5.4% to a seasonally adjusted annual rate of 3.89 million, the National Association of Realtors reported on Tuesday, as higher mortgage rates and home […]

Bad housing market news: Existing home sales plunge as prices hit record

Existing home sales fell for a fourth straight month in June while the median price reached a new record high. According to the data from the National Association of Realtors (NAR), existing home sales were down 5.4% from May, reaching a seasonally adjusted annual rate of 3.89 million units. This figure came in lower than the expected 3.99 million. Existing home sales are down 5.4% compared to one year ago.

Existing Home Sales Fall Further as Median Price Reaches Record High

New York Post

US existing home sales fell more than expected in June as the median house price set another record high, but improving supply and declining mortgage rates offered hope that activity could rebound in the months ahead.

Home sales dropped 5.4% last month to a seasonally adjusted annual rate of 3.89 million units, the lowest level since December, the National Association of Realtors said on Tuesday. Economists polled by Reuters had forecast home resales would slip to a rate of 4 million units.

Home resales, which account for a large portion of US housing sales, declined 5.4% on a year-on-year basis in June. 



The median existing home price soared 4.1% from a year earlier to an all-time...

Home sales slump in June, signaling buyer’s market as prices hit another record high

Sales of existing homes slumped sharply in June, falling by 5.4% from May, even as the price of a median home hit a new record, the National Association of Realtors said on Tuesday. The median sales price is now $426,900. The report captures the reality of a housing market stuck...

Home Sales Tank in June as Prices Hit New High

Reuters

WASHINGTON (Reuters) - U.S. existing home sales fell more than expected in June as the median house price set another record high, but improving supply and declining mortgage rates offered hope that activity could rebound in the months ahead.

Record house prices depress US home sales in June

New York City, NY

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Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

The Independent

Budget airline easyJet has notched up a 16% increase in third-quarter profits and said it remains on track for a record summer performance.The carrier reported headline pre-tax profits of £236 million for the three months to June 30, up from £203 million a year ago.It carried 8% more passengers in the quarter at 25.3 million and said trading was also boosted by strong demand for easyJet Holidays, with the division seeing pre-tax profits jump to £73 million from £49 million a year earlier.EasyJet now expects the holidays arm to deliver annual pre-tax profits of more than £180 million, up more...

EasyJet records 16% rise in profits

Lancaster County, PA

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

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NewsByJoshua

Fans of Frisco's Chicken were left reeling as the beloved Peruvian-style eatery announced the closure of all its locations in Lancaster County, Pennsylvania. The chain, known for its delicious food and strong community values, posted a heartfelt note on its doors, informing customers of the devastating news.

Favorite Chicken Chain Suddenly Closes All Stores, Heartfelt Message Found on Doors

Home prices are projected to increase in 2025. We're just halfway through 2024 and experts are already developing opinions about the 2025 housing market. According to Fast Company, which cites data from the ResiClub blog, most experts predict an average 2.5% rise in home prices during 2025. Goldman Sachs predicts the highest increase at 4.4%, while Moody's is the most conservative, expecting only a 0.3% rise. Beyond 2025, Goldman Sachs anticipates that home price growth will align with the historical average of 4.5% per year, while Moody's expects prices to remain relatively flat.

Here’s What Experts Are Predicting for the US Housing Market in 2025

Fox Business

Rising home supply and anticipated lower mortgage rates to come will "open the floodgates" for a real estate market "boom," says RE/MAX's chairman and co-founder.

Real estate tycoon explains when house prices will start to drop and 'open the floodgates'

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

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WyoFile

The woman who shot a video of a hydrothermal explosion in Yellowstone National Park on Tuesday morning told WyoFile she and her family were terrified as the blast sent boiling water and rocks skyward, destroying parts of a boardwalk, its guardrail and a nearby bench.

Yellowstone hydrothermal explosion: ‘We were terrified’

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

Shenandoah, PA

The Shenandoah (PA) Sentinel

NORTHERN SCHUYLKILL – The following is a collection of police incidents reported by local law enforcement...
The post Police Log, 7/10/2024 first appeared on The Shenandoah Sentinel.

Police Log, 7/10/2024

According to a new report from the National Association of Realtors, foreign buyers purchased $42 billion worth of U.S. existing homes from April 2023 through March 2024, retreating 21.2% from the prior 12-month period. International buyers purchased 54,300 properties, down 36% from the previous year and the fewest number of homes bought since 2009 when NAR began tracking this data. Overall, U.S. existing-home sales totaled 4.09 million in 2023, down 18.7% from 2022, and the lowest level since 1995.

Foreign Investment in U.S. Residential Properties Plummet 21 Percent Over Last 12 Months

Savannah, GA

Daily Coffee Press

Newly returned indictments in the Southern District of Georgia include felony charges for illegal firearms possession and drug distribution, while additional defendants have been sentenced to federal prison or await further proceedings after pleading guilty to federal gun charges.

Federal Charges in Southern GA: Indictments and Sentences for Firearms and Drug Offenses

Coral Gables, FL

Edmond Thorne

Tragic End for South Florida Hispanic Building Tycoon Sergio Pino. Fort Lauderdale, FL - In a shocking turn of events, prominent South Florida homebuilder Sergio Pino was found dead in his Coral Gables home on Tuesday morning. The Miami-Dade County Medical Examiner's Office confirmed that Pino died from an apparent suicide.

South Florida Tycoon Dead After FBI Raids on Homes and Office

Newark, NJ

Morristown Minute

NEWARK, N.J. – An Essex County man has been charged with numerous offenses related to narcotics distribution and firearms trafficking. Kyrell Domnie, 39, of Irvington, known by the alias "Fly Ky," was charged by complaint and appeared before U.S. Magistrate Judge Cathy L. Waldor in Newark federal court on July 17, 2024. He remains detained following the hearing.

Convicted Felon Faces Multiple Narcotics and Firearms Charges

Aurora, CO

David Heitz

Aurora’s pallet shelters for people experiencing homelessness, which only allow a maximum 30-day stay, have been cycling the same individuals in and out, city staff told council members Thursday. Many return to street encampments when their time in the pallet shelter runs out, Jessica Prosser, homeless services director for the city, said. Then, the city sweeps the encampment again, and they get to come back to the shelter for another 30 days, Prosser explained. This process can repeat multiple times.

Aurora pallet shelters a revolving door for homeless

Rates on 30-year new purchase mortgages fell Wednesday to their lowest level in two and a half weeks, dropping to a 6.84% average. It's a notable improvement after rates started July above 7%. Rates for most other mortgage types also moved down Wednesday. National Averages of Lenders' Best Mortgage Rates.

Mortgage Rates Drop to Lowest Level Since Mid-June

Georgia State

Dublin, GA

Officials from the U.S. Department of Justice have announced that a 42-year-old man from Dublin, Georgia, has been sentenced to nearly 20 years in federal prison after pleading guilty to distributing fentanyl.

Georgia Man Sentenced to Nearly 20 Years for Fentanyl Distribution

NewsBreak

Median home price hits $665,000, new all time high in Massachusetts

The median sale prices of both single-family homes and condos hit new all-time highs in Massachusetts last month, real estate market analysts said as a group...

Median home price hits $665,000, new all time high in Massachusetts

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