Virginia State

Charlotte, NC

Tampa, FL

Fox Business

A new report published by Realtor.com found that the share of available home listings that saw a price cut in July rose to the highest level in two years.

Home prices are finally starting to fall – and they dropped the most in these 3 cities

Mental_Floss

Trying to find an affordable house in Vermont or New Jersey is tough right now, but those aren’t the only states in the U.S. where home prices are on the rise.

10 States Where Home Prices Are Rising the Fastest

Reuters

NEW YORK (Reuters) - The average rate on the popular U.S. 30-year fixed-rate mortgage ticked down this week to the lowest level since May 2023, but may need to fall further for the housing market to see significant improvement in demand.

US 30-year fixed-rate mortgage slips to lowest level since May 2023

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Trailer Empire

As America’s housing market navigates the shifting tides of mortgage rates, a promising new chapter is on the horizon. Recent declines in mortgage rates have opened the door to transformative changes in the real estate landscape, signaling a potential revival in both buying and selling activities.

Real Estate Market Set to Transform: What to Expect When Mortgage Rates Fall

GOBankingRates

Housing prices have been increasing for the past decade, with median home values soaring to record highs in 2021. While the market has cooled slightly, high mortgage rates and low inventory have kept...

Will Home Prices Crash in 2026?

New York Post

Lowe’s cut its annual profit and sales forecasts on Tuesday, echoing bigger rival Home Depot’s concerns of a slim chance of a recovery in home improvement demand this year.

The Federal Reserve was expected to cut interest rates earlier this year, but insufficient proof of easing inflation thus far has kept the rates high, which is affecting home sales, and consequently demand for expensive renovation projects.

“We’re seeing significant implications … people aren’t moving nearly as often as they typically do because current mortgage rates are so much higher,” said CEO Marvin Ellison on a post-earnings call.



Big box retailers peddle Halloween products in...

Lowe’s follows rival Home Depot with dismal profit forecast: ‘People aren’t moving’

In its latest commentary, the GSE's research group doesn't expect a notable sales boost until well into 2025. Fannie Mae's latest ESR Group commentary has downgraded its 2024-2025 home sales and mortgage origination forecasts, raised its 2024 GDP growth outlook, and cautioned about increased recession risks due to rising unemployment.

Fannie Mae Lowers Home Sales Forecast

Forbes shares housing market predictions. According to Forbes, experts say the housing market will only see renewed momentum once mortgage rates drop enough to ease affordability challenges and incentivize homeowners locked in at low rates to move so inventory grows substantially to meet demand. Housing Market Forecast for 2024. U.S....

Housing Market Predictions for 2024: When Will Home Prices Be Affordable Again?

CBS News

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  Over the last three years, average mortgage rates have almost doubled. On August 19, 2021, the average 30-year fixed rate was 2.86%. By comparison, today's average 30-year mortgage rate is 6.57%. This uptick in rates has made purchasing a home less affordable for many buyers.  In addition, home prices have hit record highs this year, putting the possibility of homeownership out of range for many.That said, on a positive note, mortgage rates have fallen more than half a percentage...

Will mortgage rates drop below 6% this fall? Experts weigh in

Los Angeles, CA

Herbie J Pilato

Adam Rich was born on October 12, 1968, lived a troubled life, and died on January 7, 2023, at only 54 years old. This is his story. He lived in the Granada Hills area of Los Angeles with his parents and younger brother. The Rich family resided for a time in Florida where Adam studied acting at the local gym.

A Look Back at the Tragic Life and Death of Former Child Star Adam Rich (TV's 'Eight is Enough')

Georgia State

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Atlanta, GA

Daily Coffee Press

A 40-year-old man has been sentenced to over 28 years in prison for distributing significant amounts of fentanyl and other controlled substances to dealers in the Middle Georgia region. Authorities revealed that investigators uncovered evidence linking the drugs provided by the defendant, 40-year-old Lagary Williams, also known as "Frog," from Atlanta, to a fatal overdose.

Atlanta Man Sentenced to 28 Years for Supplying Deadly Fentanyl Linked to Fatal Overdose

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  Over the past couple of years, Americans dealt with persistent inflation in the U.S. economy. In an effort to keep inflation at bay, the Federal Reserve raised its benchmark rate several times — and now it remains near a 23-year high. As a result, this increased the interest rates for many consumer loans, including mortgages, making it too expensive for many people to buy a home.While mortgage rates remain relatively high — today's average 30-year mortgage rate as of...

Here's the mortgage interest rate forecast for fall 2024

Douglas, GA

Last week, a 32-year-old was arrested on trafficking charges after allegedly fleeing from a traffic stop and abandoning the vehicle with a child in the passenger seat. The chase resulted in the discovery of 230 grams of methamphetamine, which the suspect allegedly threw out while fleeing on foot. According to local detectives, the vehicle the suspect was driving was registered to NFL football player Tyreek Hill.

Man Driving Vehicle Registered to Tyreek Hill Arrested on Drug Trafficking Charges in Douglas

Scripps News

Experts anticipating a cut of the Federal Reserve's benchmark interest rate this fall think it could stabilize the housing market's wild ride of the last few years.

What an interest rate cut could mean for buyers in a wild housing market

File today under "nice." While it wasn't amazing, significant, or even the byproduct of any interesting events, mortgage rates managed to drift modestly lower, ultimately matching their lowest levels since August 5th. The lowest rates in just over 2 weeks might seem like it's worth more enthusiasm, but we didn't...

Mortgage Rates Edge Lower Yet Again

Colorado State

David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Kentucky Vibes.net

Disclaimer: This article was written with the help of A.I. software. On July 28, 2024, a TikTok video posted by Erica W., known as @tasteofmelanin on the platform, garnered significant attention after she exposed disturbing racist decorations in an Airbnb rental. The incident occurred in a rental property that Erica had booked, although the exact location remains unspecified. The video has since gone viral, prompting widespread concern and leading to the removal of the listing from Airbnb's platform.

Airbnb Listing Taken Down After Black Woman Finds Hanging Monkeys and Cotton Used As Decor

Rates will need to decline another percentage point to entice buyers, Freddie Mac says. Mortgage rates continued their slow descent this week. The 30-year FRM averaged 6.46% Thursday, according to Freddie Mac’s Primary Mortgage Market Survey. That is down from last week when it averaged 6.49% and significantly down from a year ago when it averaged 7.23%.

30-Year Fixed-Rate Mortgage Down Three Basis Points

Ohio State

The Lantern

On Tuesday, licensed Ohio dispensaries began legally selling non-medical marijuana to consumers; however, the drug’s possession, growth and/or usage are still prohibited on Ohio State’s campus. Credit: Jefferee Woo/Tampa Bay Times/TNS [Original caption: Four citizen-led petitions with proposals to update Dallas’ charter hit the 20,000 valid signature threshold to make it on the Nov. 5 election ballot, including one that would ban police officers from arresting or citing people carrying less than four ounces of marijuana.] As of Tuesday, students 21 and older can now legally purchase marijuana in Ohio.

Dispensary sales of recreational marijuana began Tuesday; possession and usage still prohibited on Ohio State’s campus

Home Depot says consumers are feeling crummy about the economy, and they’re dishing out less to remodel their homes.

Home Depot issues a warning about the economy

NewsBreak

Housing sales report sees inventory issues improving

RICHMOND, Va. (CBS19 NEWS) -- Across Virginia, more homes are going up for sale and buyers will likely see more options as the year turns to...

Housing sales report sees inventory issues improving

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