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Bay Area home prices could be falling: Here's why

Published Sat, 28 Dec 2024 02:45:37 GMT

(KRON) -- Due to fewer homes being listed for sale and a strengthening labor market, mortgage rates are still hovering near 20-year highs. However, economists say we may be heading toward a more balanced market.Senior Zillow Economist, Orphe Divounguy, details a trend that Zillow says is actually resulting in a growth in home values that has continued through the summer. The combination of high mortgage rates and low inventory across the country is keeping potential homebuyers off the market and sellers in their homes."Zillow research shows that 70 percent of homeowners and sellers end up buying again. And, so a lot of these homeowners are sitting on the sideline, enjoying near-record home equity and choosing not to move," said Divounguy.According to Divounguy, nationwide home values appreciated more than 1.5 percent through the summer, and he expects that number to grow to 6.5 percent by next July.In the Bay Area, Divounguy forecasts prices rising 2.5 percent."A recent Zillow surve...

Hostess is being acquired by JM Smucker in a deal valued at $5.6B after coming back from the brink

Published Sat, 28 Dec 2024 02:45:37 GMT

Hostess, the maker of snack classics like Twinkies and HoHos, is being sold to J.M. Smucker in a cash-and-stock deal worth about $5.6 billion. Smucker, which makes everything from coffee to peanut butter and jelly, will pay $34.25 per share in cash and stock, and it will also pick up approximately $900 million in net debt. Hostess Brands Inc. shareholders will receive $30 in cash and 0.03002 shares of The J.M. Smucker Co. stock for each share of stock that they own.“We believe this is the right partnership to accelerate growth and create meaningful value for consumers, customers and shareholders. Our companies share highly complementary go-to market strategies, and we are very similar in our core business principles and operations,” Hostess President and CEO Andy Callahan said in a prepared statement Monday. Twinkies went big when Hostess put them on shelves in 1930, and it followed up with a string of sweet concoctions like DingDongs, Zingers and Sno Balls. In an interview with The...

Stock market today: Wall Street rises to reverse some of last week’s losses

Published Sat, 28 Dec 2024 02:45:37 GMT

NEW YORK (AP) — U.S. stocks are ticking higher Monday as Wall Street recovers some of its losses from last week.The S&P 500 was 0.4% higher in early trading, coming off its first losing week in the last three. The Dow Jones Industrial Average was up 151 points, or 0.4%, at 34,728, as of 9:45 a.m. Eastern time, and the Nasdaq composite was 0.5% higher.Like last week, some big technology-oriented stocks were leading the way. Tesla jumped 6.2%, and Meta Platforms rose 2%. Tech stocks led the market lower last week as yields climbed in the bond market. Higher yields hurt all kinds of stocks, but high-growth stocks are among those that usually get hit the hardest. Yields rose last week after reports showed the U.S. economy remains more resilient than expected, which could be adding more fuel to pressures keeping inflation high.This upcoming week will offer a huge data point for the Federal Reserve, which is weighing whether to keep raising rates in its effort to get inflation back to...

DeJuan Jones replaces Joe Scally on US soccer roster vs. Oman

Published Sat, 28 Dec 2024 02:45:37 GMT

CHICAGO (AP) — New England defender DeJuan Jones replaced Joe Scally on the United States roster for Tuesday night’s exhibition against Oman at St. Paul, Minnesota.The U.S. Soccer Federation said Monday that Scally left the team for family reasons. Scally was an unused substitute in Saturday’s 3-0 win over Uzbekistan in a friendly.Jones, 26, made his U.S. debut in January and has six international appearances.The U.S. also will be without goalkeeper Matt Turner, who returned to Britain for the birth of a daughter. Ethan Horvath and Drake Callender are the goalkeepers remaining with the team.___AP soccer: https://apnews.com/hub/soccerSource

Arrestan a sospechoso de asesinato que se habría atrincherado en el sureste de DC

Published Sat, 28 Dec 2024 02:45:37 GMT

Una situación de atrincheramiento terminó con el arresto de un sospechoso después de que una mujer fuera asesinada a tiros en el noreste de DC el sábado por la tarde, informó la policía. La víctima, Jordan Coates, de 21 años, recibió un disparo en la cuadra 1200 de Duncan Place NE alrededor de las 3:13 p.m., según la policía de DC.Fue llevada al hospital consciente y respirando, pero luego murió, según las autoridades.El atrincheramiento habría ocurrido en el área, pero a las 5:30 p.m. las autoridades pudieron asegurar la situación. “Había 15 o 20 patrullas de policía. Siguieron yendo y viniendo, y bloquearon la calle”, expresó una testigo, Constance.El sospechoso, Damion Brown, de 24 años, del sudeste de DC, se entregó a la policía y fue arrestado. Fue acusado de asesinato en segundo grado mientras estaba armado.La policía describió el tiroteo como una situación doméstica.Minutos antes, otro hombre resultó herido en un tiroteo en la cuadra 4600 de Connecticut Avenue NW....

Today in Sports – Novak Djokovic wins his first U.S. Open title; beats Rafael Nadal

Published Sat, 28 Dec 2024 02:45:37 GMT

Sept. 121895 — Defender wins three straight matches from the British challenger Valkyrie II to defend the America’s Cup for the United States.1936 — Fred Perry becomes the first foreign player to win three U.S. men’s singles titles when he defeats Don Budge, 2-6, 6-2, 8-6, 1-6, 10-8. Alice Marble ends the four-year reign of Helen Jacobs as U.S. women’s singles champion, with a 4-6, 6-3, 6-2 victory.1955 — Tony Trabert wins the U.S. Lawn Tennis Association championships with a victory over Ken Rosewall. Doris Hart wins the women’s title.1966 — Australia’s Fred Stolle beats countryman John Newcombe to win the U.S. Lawn Tennis Association championships. Stolle wins in four sets, 4-6, 12-10, 6-3, 6-4.1976 — Jimmy Connors beats Bjorn Borg in four sets to win the U.S. Open.1979 — Carl Yastrzemski reaches 3,000 hits off of NY Yankee pitcher Jim Beattie.1981 — Tracy Austin wins her second U.S. Open singles title, edging first-time finalist Martina Navratilova, 1-6, 7-6, 7-6.1982 — Jimmy Con...

Sports on TV for Tuesday, September 12

Published Sat, 28 Dec 2024 02:45:37 GMT

(All times Eastern)Schedule subject to change and/or blackoutsTuesday, September 12COLLEGE SOCCER (MEN’S)8 p.m.ACCN — Michigan St. at Notre DameCOLLEGE VOLLEYBALL (WOMEN’S)6 p.m.ACCN — Florida at Florida St.9 p.m.ESPN — Nebraska at StanfordMLB BASEBALL7 p.m.TBS — NY Yankees at Boston10 p.m.MLBN — San Diego at LA Dodgers OR Cleveland at San Francisco (9:30 p.m.)SOCCER (MEN’S)11:50 a.m.FS2 — International Friendly: Azerbaijan vs. Jordan, Mardakan, Azerbaijan2:30 p.m.FS2 — International Friendly: Scotland vs. England, Glasgow, Scotland6 p.m.FS2 — CPL: Cavalry FC at HFX Wanderers FC8:30 p.m.TNT — International Friendly: U.S. vs. Oman, St. Paul, Minn.TENNIS8 a.m.TENNIS — Davis Cup Finals Group Stage: France vs. Switzerland, Serbia vs. South Korea, Sweden vs. Chile, Netherlands vs. Finland; San Diego-WTA Early Rounds8:30 p.m.TENNIS — San Diego-WTA, Osaka-WTA Early Rounds_____Source

Fighting intensifies in Lebanon’s largest Palestinian refugee camp despite attempted truce talks

Published Sat, 28 Dec 2024 02:45:37 GMT

SIDON, Lebanon (AP) — Fighting intensified in Lebanon’s largest Palestinian refugee camp Monday claiming the life of another person as stray bullets and shells hit residential areas in the country’s third-largest city.The fighting that resumed Thursday night after nearly a month of calm in Ein el-Hilweh refugee camp near the port city of Sidon between Palestinian President Mahmoud Abbas’ Fatah group and militant Islamist groups has left six people dead and more than 50 wounded according to medical officials and state media. Fatah and other allied militant factions in the camp had intended to crack down on suspects accused of killing one of their military generals in late July.The U.N. agency for Palestinian refugees, UNRWA, shared its own tally on Sunday saying four people were killed and 60 others wounded.On Monday, gunfire and explosions were heard throughout the day inside the camp and stray bullets hit the municipality building in Sidon damaging windows without hurting any...

FWC officers, biologist rescue bear cub trapped in tree

Published Sat, 28 Dec 2024 02:45:37 GMT

Officers from the Florida Fish and Wildlife Conservation Commission (FWC) joined forces with a bear biologist to rescue a young bear cub that had found itself in an unusual predicament. According to a Facebook post on FWC’s page, the incident unfolded when FWC officers received a call about a bear cub with its hind paw firmly wedged in the crook of a tree. The officers immediately sought the expertise of a bear biologist to assist in freeing the trapped cub. For two hours, the team worked tirelessly under the scorching sun as they avoided the cub’s sharp claws and teeth. Attempts to pry the tree limbs apart and even using dish soap to lubricate the entangled leg proved unsuccessful. As a last resort, an officer found a local resident who provided the team with a chainsaw. The bear biologist held the cub steady while the officer skillfully cut through one of the tree limbs, finally freeing the young bear.With the cub liberated, a quick medical examination was conducted to...

BSO investigation underway following fatal shooting in Wilton Manors

Published Sat, 28 Dec 2024 02:45:37 GMT

A fatal shooting in a Wilton Manors neighborhood has led to an investigation by the Broward Sheriff’s Office (BSO). According to officials, the Wilton Manors Police Department responded to a shooting report in the 500 block of Northwest 28th Court, shortly before 11 p.m. When law enforcement arrived on the scene, they discovered a man with gunshot wounds. The victim was transported to a nearby hospital but was pronounced deceased shortly after arrival. The BSO Homicide Unit has been alerted to the incident and has assumed control of the ongoing investigation. Detectives are working to uncover the circumstances surrounding this fatal shooting. Authorities are urging anyone who may have information relevant to this case to come forward and assist in the investigation. If you have any information on this crime, call Broward County Crime Stoppers at 954-493-TIPS. Remember, you can always remain anonymous, and you may be eligible for a reward of up to $5,000.