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Crash or climb? Jobs may decide fate of California home prices

Published Thu, 28 Nov 2024 01:01:52 GMT

Will California housing’s future be a crash, correction, cooling – or a climb?Some folks are antsy about potential price tumbles. One poll found nearly half of Americans fear a housing crash in 2024. So my trusty spreadsheet looked at California home price history back to 1975 to see what might power the next move.The analysis eyeballed gyrations in a California price index from the Federal Housing Finance Agency against the average 30-year fixed rate mortgage from Freddie Mac and inflation as tallied by the Consumer Price Index. Plus, we gauged home-price changes vs. statewide unemployment rate and the total income of Californians, minus inflation, as a benchmark for the broad economy.This history lesson reminds us to keep our eyes on the job market. Paychecks are housing’s secret sauce.Winners and losersTo make this math relatively simple, the spreadsheet compared one-year periods when the California price index fell vs. when it was rising.In the 187 quarters studied, 47 had price...

Minnesota judge sets aside murder conviction of Marvin Haynes, man imprisoned as teen for 2004 flower shop killing

Published Thu, 28 Nov 2024 01:01:52 GMT

MINNEAPOLIS (AP) — Minnesota judge sets aside murder conviction of Marvin Haynes, man imprisoned as teen for 2004 flower shop killing.Source

Suspect arrested after 2 people were killed in a shooting in the southern Swiss town of Sion

Published Thu, 28 Nov 2024 01:01:52 GMT

BERLIN (AP) — Two people were killed and one was wounded as a gunman opened fire at two locations in a southern Swiss town on Monday and then fled, police said. The suspect was arrested on Monday afternoon. Authorities were alerted to a wounded person in a parking lot in Sion, the capital of the Valais canton at 7:15 a.m., police said. They found a 34-year-old woman with a fatal gunshot wound. A 41-year-old man was shot and killed a few minutes later and a 49-year-old woman was wounded. The two victims and the wounded woman were all from the Vallais region, police said. Police launched a manhunt and issued an appeal for people to come forward with any information on a 36-year-old believed to be the gunman. They warned that the suspect, who could be on the run in his locally registered convertible, may be armed and dangerous and that people should not approach him.The man was eventually caught by police in the St. Leonard region, according to a police statement.They said that he appe...

Prince William Co. school board adopts amendment to change citizen comment policy

Published Thu, 28 Nov 2024 01:01:52 GMT

The Prince William County School Board last week approved an amendment that will change the board’s citizen comment policy, increasing the number of speakers allowed in public comment time.Board members on Dec. 5 supported a revised version of an amendment proposed at the board’s last meeting; the revision was based on public comments and remarks submitted by board members.The newer, now-adopted version of the amendment increases the number of citizen comment slots from 20 to 30. In the case that 20 or less people sign up to speak, each speaker will be able to speak for three minutes, which is the current policy.In the case that more than 20 speakers sign up, with the 30-speaker cap, speaker’s time will be reduced to two minutes per person. The sliding scale would allow the School Board to increase the number of possible speakers while still keeping the one-hour cap on public comment time.“We have made several significant amendments to what we had proposed fo...

Destacado profesor y escritor de Gaza muere en un ataque aéreo, semanas después de haber dicho a CNN que él y su familia no tenían “otro lugar adonde ir”

Published Thu, 28 Nov 2024 01:01:52 GMT

(CNN) — En octubre, Refaat Alareer deliberaba entre quedarse en su casa, en el corazón de la ciudad de Gaza, o huir más al sur con su mujer y sus seis hijos.Mientras los aviones de guerra israelíes bombardeaban el norte de Gaza, las Fuerzas de Defensa de Israel (IDF) ordenaron a los civiles que evacuaran sus casas inmediatamente y se dirigieran al sur.Civiles como Alareer se enfrentaban a un dilema imposible. Quedarse en casa y arriesgarse a morir, o intentar huir sin protección. En aquel momento, este escritor y académico de 44 años declaró a CNN que él y su familia no tenían otra opción que permanecer en el norte, porque “no tienen otro sitio adonde ir”.“Es una imagen arquetípica palestina de una discusión, un debate sobre si debemos quedarnos en una habitación, para que si morimos, muramos juntos, o si debemos quedarnos en habitaciones separadas, para que al menos alguien pueda vivir”, dijo.Alareer, profesor de Literatura Comparada en la Universidad ...

Loveland Police settle false DUI lawsuit for $400,000

Published Thu, 28 Nov 2024 01:01:52 GMT

LOVELAND, Colo. (KDVR) -- A Loveland man was arrested for a DUI he didn't commit, now he will receive $400,000 from the city.The Problem Solvers first reported on the federal lawsuit filed by Harris Elias in 2022, after he was arrested in January of 2020 on suspicion of drunk driving.He blew zeroes on a breathalyzer machine but was still arrested and forced to do a blood test, which all came back with zeroes. Town of Bailey battling water issues following possible leak on main line “This is, as far as we can tell, the largest non-confidential monetary payment ever made in Colorado to settle a civil rights lawsuit where the primary allegation is a wrongful DUI arrest with no physical injuries or time spent in jail,” said Elias's Attorney Sarah Schielke. “While, like with most civil rights settlements, the city admits no wrongdoing, we feel the size of this particular settlement – and the fact that both the arresting officer William Gates and former Chief Ticer are no longer at LPD ...

How likely is it for the Denver Broncos to make the NFL playoffs?

Published Thu, 28 Nov 2024 01:01:52 GMT

DENVER (KDVR) -- The Denver Broncos are getting closer and closer to a shot at the NFL playoffs. The team has a chance in two different ways.Broncos' chances of winning the AFC WestThe Broncos beat out the Los Angeles Chargers on Sunday while the Kansas City Chiefs lost to the Buffalo Bills, meaning these two rivals have a closer record than many predicted before the season. Russell Wilson records longest touchdown pass this season The Chiefs still have the No. 1 spot in the AFC West, most likely securing them a spot in the playoffs. The Broncos are second in the division, which leaves Denver hoping for a wildcard spot. But if you look at recent weeks there's hope for that to change.The Chiefs have lost four of their last six games. Meanwhile, the Broncos have won five of their last six.With four games left in the season, the Broncos are only in second place by one loss.However, the New York Times playoff simulator shows the Broncos overcoming this as a fairly unlikely scenario, w...

1 in custody after police search for suspects near Coral Gables Prep Academy

Published Thu, 28 Nov 2024 01:01:52 GMT

One person was taken into custody after police established a perimeter around Coral Gables Preparatory Academy as they searched for burglary suspects, officials said.7Skyforce hovered over the school, located at 105 Minorca Ave., Monday morning, where a woman was seen in handcuffs. As a precaution, the school was placed in temporary lockdown as authorities investigated the scene. One witness said she saw police officers block off several roads around the school since 10 a.m., Monday. It is unclear if police are looking for more suspects involved in this crime. Police have been contacted for more information.Please check back on WSVN.com and 7News for more details on this developing story.

Three Lauderdale Lakes Middle School students hospitalized after taking unknown substance

Published Thu, 28 Nov 2024 01:01:52 GMT

Three students from Lauderdale Lakes Middle School were taken to the hospital after getting sick at school, according to the Broward Sheriff Fire Rescue.Officials say the kids took an unknown substance at the school which is located at 3911 NW 30th Avenue.They were transported to the Broward Health Medical Center and HCA Northwest Hospital. All three children are said to be in “stable” conditions, according to officials. Please check back on WSVN.com and 7News for more details on this developing story.

Firefighters monitoring smoky conditions following grass fire near Zoo Miami

Published Thu, 28 Nov 2024 01:01:52 GMT

On Monday morning, firefighters continued to monitor smoky conditions after a grass fire near Zoo Miami filled the sky with flames and smoke.Around 8:06 p.m. Sunday, the fire erupted in a grassy area off Southwest 119 Avenue and 168th Street, leaving locals in awe.Yarelis Pavon, a resident in the vicinity, described the scene “It was a lot of smoke and fire,” she said. “You saw red; you saw the firefighters coming with their big truck.”Pavon captured the intensity of the blaze on video as it grew dangerously close to homes, causing panic among residents. “Me and my family were super nervous. We were all outside, panicking because it just kept going for a very long time,” she recounted.Miami-Dade Fire Rescue responded to the emergency, deploying significant manpower to combat the flames that consumed approximately 5 acres. By nightfall, the situation was brought under control, with the blaze contained to about 85%. The efforts included aerial suppo...