Markets Insider

Mortgage rates are still high but prices may be easing. Over 16% of homes saw a price cut last month, according to Realtor.com data.

Home prices around the US are being cut at a faster pace as inventory piles up

Pending home sales in May dropped 2.1%, and year-over-year pending transactions were down 6.6%, according to the National Association of Realtors. From April to May, pending home sales decreased 0.4% in the Midwest region and 5.5% in the South. Pending sales increased 1.1% in the Northeast and 1.4% in the West.

Pending Home Sales Decreased 2.1% in May

Lee County, MS

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Verona, MS

Mississippi News Group

Verona, MS - On May 30, 2024, the Lee County Sheriff's Department, in collaboration with the North Mississippi Narcotics Unit, executed a search warrant in Verona, MS, following a prolonged investigation into illegal narcotics sales from a local shop according to a press release from the LCSD.

Lee County Sheriff's Department Executes Major Drug Bust in Verona

Coffee County, GA

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Daily Coffee Press

Last month, more than twenty individuals were indicted on felony charges in Coffee County. Several of them have recently made local headlines, including Guillermo de la Cruz-Morales, the sole person charged in connection with the disappearance of Maria Diaz, and Cornelius Jamison, accused of cocaine trafficking.

Grand Jury Indicts Over Twenty Individuals on Felony Charges in Coffee County

WASHINGTON (Reuters) - New orders for U.S.-manufactured goods unexpectedly fell in May, while business spending on equipment appeared weaker than initially thought, government data showed on Wednesday. Factory orders dropped 0.5% after rising 0.4% in April, the Commerce Department's Census Bureau said. Economists polled by Reuters had forecast factory orders...

US factory orders unexpectedly fall in May

Reuters

LONDON (Reuters) -British house prices showed a small gain in June from May but the impact of higher borrowing costs is still weighing on the property market, mortgage lender Nationwide said on Monday.

UK house prices edged up in June, lender Nationwide says

WashingtonExaminer

Newly released data regarding the housing market’s continual deterioration further threaten President Joe Biden’s reelection chances. If he stays in the race, that is.  Nonetheless, whoever the Democratic nominee ends up being will be hampered by the fact that home affordability has sunk to its lowest point since 2007.  A new report from Attom reveals […]

Housing affordability hits new low under Biden

Saint Johns County, FL

Hastings, FL

Jacksonville Today

Eight people have been arrested on drug charges stemming from an undercover investigation at a convenience store in Hastings, according to the St. Johns County Sheriff’s Office.

8 arrested in Hastings drug and gambling bust

Missouri State

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Carthage, MO

CJ Coombs

The Pancake Hut has been operating since 1979. It prides itself as a family-friendly diner that may not be a fancy spot, but the cooking is good. The Pancake Hut is located at 301 South Garrison Avenue in Carthage, Missouri.

The Pancake Hut in Carthage, Missouri is on the old Route 66 highway and also has an amusing sign

As is often the case with internet headlines these days, the headline overstates the reality on the ground--or at least over-dramatizes it. Considering the last notable "ceiling" was seen less than a month ago and that the last short term ceiling, less than a week ago, the word "finally" probably doesn't apply. And then there's the word "ceiling" itself. In this case, it's used only because there isn't one convenient word to say "a day where mortgage rates moved at least slightly lower after 2 or more days spent moving noticeably higher."

Mortgage Rates Finally Find a Ceiling, For Now

Clay County, MO

Beery, Sr. starred in films from 1913 until he died in 1946. He had a long acting career including the silent film era. His brother who was three years younger, Wallace Beery, was also an actor and an Academy Award winner. His son, Noah Beery, Jr. was a well-known character actor from The Rockford Files.

Actor Noah Beery, Sr. was from Clay County, Missouri and his son was a regular in The Rockford Files

Colorado State

Aurora, CO

David Heitz

The Aurora City Council will hold a public hearing Monday on whether to allow cannabis dispensaries to stay open until midnight. State law allows marijuana dispensaries to stay open until midnight, but some jurisdictions such as Aurora shortened hours to 10 p.m. Council member Curtis Gardner has brought forth the ordinance to lengthen the hours.

Aurora considers midnight dispensary hours

Axios

The latest U.S. temperature outlook for July, typically the hottest month, offers little comfort for those hoping the June heat waves are an aberration. The big picture: The outlook, issued Thursday, shows nearly the entire Lower 48 states experiencing above-average temperatures, with two centers of much more likely than average heat: The Great Basin and the Northeast.

July's fiery U.S. temperature outlook makes June look tame

The Hill

Median-priced, single-family home and condo costs continue to be less affordable than in the past, according to a second quarter analysis released Wednesday. ATTOM, a firm that curates land, property and real estate data, culled housing information from 99 percent of U.S. counties and found the pandemic-era trend of high residential mortgage rates and elevated…

Cost of home ownership highest since 2007: Research

LOS ANGELES -- The average rate on a 30-year mortgage rose this week, pushing up borrowing costs on a home loan for the first time since late May. The rate rose to 6.95% from 6.86% last week, mortgage buyer Freddie Mac said Wednesday. A year ago, the rate averaged 6.81%.

Average rate on 30-year mortgage climbs for 1st time since late May to just under 7%

Kentucky State

Northern Kentucky Tribune

Kentucky’s medical cannabis program has taken significant steps toward ensuring those with qualifying conditions have access to medical cannabis as soon as possible, said Gov. Andy Beshear this week.

State to open licensing applications for medical cannabis businesses beginning July 1

The Aurora City Council will consider using opioid settlement money Monday to pay for drug treatment for clients of its yet to open homeless services campus. The council will vote during its study session whether to spend money from the fund on a peer advisor, a van to transport clients from the navigation center to treatment, and a case manager. The city will receive about $14 million in opioid settlement funds, according to a presentation by city staff to the city council.

Aurora may send homeless people to rehab

The Associated Press

WASHINGTON (AP) — The number of Americans filing for unemployment benefits inched up last week and remain historically low, however the total number of people collecting jobless benefits continues to grow. The Labor Department reported Wednesday that jobless claims for the week ending June 29 rose by 4,000 to...

US filings for jobless claims inch up modestly, but continuing claims rise for ninth straight week

Texas State

Housing markets in Louisiana, Florida, and Texas are the country's "coldest," Realtor.com says. These cold locales are seeing inventories rise and prices fall amid a lack of buyer interest. Gulf-region housing also faces rising insurance costs, a challenge worsened by the climate. Housing markets in three Gulf states are the...

'Cold' housing markets in these 3 states may be a buyer's best chance at a bargain

Washington State

Timothy A Gruver

The Washington Department of Fish and Wildlife reported on Wednesday that Puget Sound summer crab-fishing seasons will get underway the first week of July. Crabbing will be closed July 2-3 in Marine Area 4 east of the Bonilla-Tatoosh line and Marine Areas 5, 6, 8-1, 8-2, 9 and a portion of 12 north of a line projected due east from Ayock Point, according to the department. The given areas will reopen for the July 4 holiday, the WDFW reports.

Summer Crabbing Seasons in Puget Sound: July Opening Dates and Restrictions

NewsBreak

Shoshone County home sales up, prices down

While Shoshone County housing sales were up through May, the median home price was down. Sixty homes sold in the first five months of this year...

Shoshone County home sales up, prices down

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