Pennsylvania State

July brought more bad news for hopeful homebuyers. Mortgage rates remain elevated at close to 7% and real estate broker Redfin cites data showing home prices are still going up. In early July, Redfin found that the median home sale price had risen another 5% over the last 12 months,...

Could home prices be about to dip?

California State

Today, in the Calculated Risk Real Estate Newsletter: California Home Sales Down 3% SA YoY in June; 4th Look at Local Housing Markets in June. The National Association of Realtors (NAR) is scheduled to release June Existing Home Sales on Tuesday July 23rd at 10 AM ET. The early consensus is for 4.00 million SAAR, down from 4.11 million in May, and down from 4.11 million in June 2023.

California Home Sales Down 3% SA YoY in June; 4th Look at Local Housing Markets in June

Wisconsin State

The Hill

Housing costs in the states most likely to determine who wins this year’s presidential election have risen by 92 percent since 2020, according to data from Redfin. The median monthly housing payment for homebuyers in this year’s swing states — Arizona, Nevada, Wisconsin, Michigan, Pennsylvania, Georgia and North Carolina — is now at an all-time…

Home prices in swing states have nearly doubled since 2020

Total number of homes increased 23% from last year, up 4% from May to June. While home buyers continue to sit on the sidelines, Zillow's monthly report for June shows that home listings are piling up at a faster pace, leading sellers to cut down on home prices. "A growing...

Nearly 1 In 4 Sellers Cut Home Prices

For several years, the housing market has been defined by heavy buyer competition and low inventory, but this appears to be slowly changing as inventory heads back toward pre-pandemic levels. According to housing market platform Zillow’s June 2024 Market Report, home listings are increasing as buyers withdraw faster than usual from peak shopping season, leading sellers to cut prices to attract those struggling with affordability. Inventory also increased by 23% from last year but is still 33% below pre-pandemic levels. More inventory coupled with reduced prices could help attract some buyers, but the current state of the market is still deterring those struggling with affordability.

Despite Rising Listings, Home Sales Remain Below Pre-Pandemic Levels

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The Shy Green

Salt Life Beer, a beloved brand synonymous with ocean enthusiasts and craft beer lovers, is facing turbulent times as it files for Chapter 11 bankruptcy. Known for its crisp and refreshing lager inspired by the sea, Salt Life Beer has become a staple for those who cherish the ocean's allure.

Another famous beer brand is going bankrupt and will file for Chapter 11

New York City, NY

Massachusetts State

NewsByJoshua

Stop & Shop Announces Closure of 32 Stores Across the Northeast. Stop & Shop, a well-known grocery chain, has confirmed the closure of 32 of its underperforming stores across the Northeast region of the United States. The decision, aimed at streamlining operations and fostering future growth, will affect locations in New Jersey, Massachusetts, New York, Connecticut, and Rhode Island, with all closures scheduled to be completed by November 2nd.

A well-known grocery chain, has confirmed the closure of 32 of its under performing stores

Lancaster County, PA

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

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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

Colorado State

Denver, CO

National Weather Force

Isolated severe thunderstorms are expected across the Central Plains on Monday. The main threats include damaging winds and isolated severe hail. Check below for further details, timing and much more information.

Severe T-Storms with Damaging Winds & Large Hail Possible in the Central Plains; July 15th, 2024

South Carolina State

Town Talks

Navigating North Carolina's Rules on Sleeping in Your Car. As night falls and exhaustion sets in during a long drive, the urge to pull over for a quick nap becomes strong. However, travelers on North Carolina’s highways should be aware that a roadside snooze might come with legal complications.

Is It Illegal To Sleep At A North Carolina Rest Area, Here is What You Need to Know

North Carolina State

Death Disclosure Laws and Property Disclosures in North Carolina. In North Carolina, there is no legal obligation for homeowners or real estate agents to disclose if a death has occurred in a home, whether by natural causes, murder, or suicide. However, if a potential buyer directly inquires about any deaths on the property, the seller is required to provide that information.

If someone dies at your house do you have to tell a potential buyer? What North Carolina law says

24/7 Wall St.

Home prices are at an all-time high in the United States. After rising year-over-year for 11 consecutive months, the median sale price of existing homes hit a record-breaking $419,300 in May 2024, according to a new report from the National Association of Realtors. High prices are largely attributable to a lack of inventory, as high […]
The post Cities Where Home Prices Are Actually Falling appeared first on 24/7 Wall St..

Cities Where Home Prices Are Actually Falling

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

Virginia State

In Virginia, Drinking in public or offering another person alcohol in a public space is prohibited. This is a class 4 Misdemeanor punishable by a fine of up to $250.00. Under a new law that goes into effect on July 1, this will change to a degree.WDBJ7 reports that the prohibition on drinking or offering an alcoholic beverage to someone else in public will no longer apply under the following conditions.

Drinking in public will no longer be prohibited on private Campgrounds in Virginia beginning July 1

Indiana State

Franklin, IN

A wave of closures is hitting Pizza Hut, a pizza chain known for its iconic slanted-roof buildings, with 6,775 locations feeling the pinch in the tough restaurant industry landscape.

A well-known pizza chain with over 6K locations has begun closing some of its stores

GOBankingRates

Halfway through the year and it's still a seller's market in many U.S. real estate markets. According to Forbes, there are only around three months' worth of inventory right now -- at least in some...

7 Types of Homes Expected To Soar in Value by the End of 2025

Ocilla, GA

Last Thursday, agents from the South Central Drug Task Force (SCDTF) made an arrest following a successful execution of a search warrant at a residence in Ocilla. According to officials, the search yielded a significant quantity of drugs, including tablets suspected to contain fentanyl, associated with a criminal street gang.

Successful Drug Bust in Ocilla Leads to Arrest Linked to 'Local Criminal Street Gang'

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

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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.

Pennsylvania sees record-high median home sales prices

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