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On Thursday, the National Association of Realtors will release new data on September home sales across the country. It will give valuable information on how effective the Federal Reserves interest rate hikes over the last 6 mont stanley cup hs have been.According to US World News and Report, the data is expected to show a 25% drop in the number of existing home sales from this time a year ago. The main factor in that decrease is aggressive interest rate hikes that have doubled mortgage rates to 7% fro stanley cup m the spring. The numbers are also expected to show declines in the number of building permits and new construction starts. [The market] is certainly more balanced in the sense that buyers can spend some time looking at houses because they know its going to be there for an extra day or two, said Ryan Haarer, a real estate agent and partner at Haarer Joseph in Denver.Despite the total number of home sales declining by 25%, it is not uniform and depends on where you live.In Denver, home sales have fallen 74% over the last year, ac stanley cup cording to Redfin. In Phoenix, they have fallen 67%, but in Detroit, home sales have only fallen 1%. For every 1% increase in interest rates, you lose about 10% of yo Swvt FDA authorizes Novavax s protein-based COVID-19 vaccine
Authorities say three people were fatally shot and nine others injured at a home in Long Beach, California.The Los Angeles Times reports that Long Beach fire spokesman Jake Heflin says firefighters arrived at the home around 10:44 p.m yeezy . on Tuesday to a scene filled with chaos. The department says three men were dead and the nine others were injured. Their conditions werent immediately available.It was not immediately known if the shooter had been taken into police custody.Some witnesses say there might have been a Halloween party going on at the house.Forty-seven-year-old Oswaldo Morales told the Times he heard as many as 17 shots. Some residents sa adidas samba og y they heard up to 20 shots.Morales says minutes later police and fire vehicles could be he af1 ard in the neighborhood. Copyright 2019 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Sign up for the Breaking News Newsletter and receive up to date information. now signed up to receive the Breaking News Newsletter. Click here to manage all Newsletters |
