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Fed hikes and default fears: Here's what could be next for the housing market

Published Fri, 07 Feb 2025 12:02:27 GMT

(The Hill) – Homebuyers and renters alike could feel relief later this year as home prices stabilize, mortgage rates decline and rent price growth continues to slow. Economists expect the Federal Reserve to pause rate hikes for a time while it observes incoming economic data, some stemming from the banking crisis that led to tightened lending.This could allow mortgage rates to fall even further from their high point last fall and give buyers a little breathing room to take advantage of home prices that are falling from their peaks. But first, Congress must avert a crisis and act on the debt ceiling to avoid an unprecedented default — an event that could shatter the U.S. financial system, according to experts.Debt limit looms over housing marketSpeaker Kevin McCarthy (R-Calif.) and Minority Leader Mitch McConnell (R-Ky.) are seen as they speak to reporters following a meeting with President Biden, Minority Leader Hakeem Jeffries (D-N.Y.) and Majority Leader Chuck Schumer (D-N.Y.) to ...

Video shows gunman open fire on man arriving home in Los Angeles

Published Fri, 07 Feb 2025 12:02:27 GMT

(KTLA) – Video captured the terrifying moment a gunman opened fire as a man pulled up to the driveway of his home in Los Angeles.The shooting took place at a home in the city's Northridge neighborhood around 6:30 p.m. Friday night.Home security video shows the victim pulling up to his circular driveway as a brown Kia sedan was parked on the street nearby.“I noticed a suspicious vehicle parked in front of our neighbor’s house, parked pretty far away from the curb, so it was very unusual to see a vehicle parked that way,” recalled the victim, who did not want to be identified.The victim parked near his front door and was about to exit his car when he noticed the suspicious vehicle suddenly drive up to the curb in front of his house.That’s when a man hopped out of the car and began firing.“A gentleman jumped out from the backseat wearing a hoodie and a bandana," recalled the victim. “I just saw him lift up and point a black handgun with a long silencer in the front. So I closed my door...

The story of America's last 'king' — and why his followers turned on him

Published Fri, 07 Feb 2025 12:02:27 GMT

GRAND RAPIDS, Mich. (WOOD) – This past weekend, King Charles III joined the expansive and historic list of people to lead the United Kingdom, stretching back more than a millennium.Stateside, our official ties with the commonwealth ended with King George III and the British defeat in the Revolutionary War. But George wasn’t necessarily America’s last "king": A man with ties to Michigan claimed that title.The story involves a remote Michigan island and the chaos within the Church of Latter-Day Saints in the wake of Joseph Smith’s death.WHO IS JAMES JESSE STRANG?James Jesse Strang, born in New York in 1813, was said to be a man of many talents. By the time he was 23, he had been admitted to the New York State Bar before going on to serve as a postmaster and the owner/editor of a newspaper.But some historians have assigned him yet another occupation: con man. Biden congratulates King Charles, Queen Camilla on their coronation Doug Gordon with Wisconsin Public Radio detailed Strang’s ...

Lower than average highs thanks to the wet forecast

Published Fri, 07 Feb 2025 12:02:27 GMT

AUSTIN (KXAN) -- Happy Mother's Day.Update: The National Weather Service placed part of Travis and Williamson Counties under a Flood Advisory until 2:30. Rainfall of .50" to 1.00"+ will be possible for the next few hours leading to minor flooding of low-lying or poor drainage areas.Flood Advisory for parts of Travis and Williamson CountiesShowers with a few embedded areas of heavy rain moved into Fayette County shortly before 4:30 Sunday morning. The rain advanced to the north and northwest during the morning, reaching Travis County and the Austin area after 9:30. There were times when the rain was heavy but, on the whole, the eastern counties saw light to moderate precipitation.Higher rain totals of between .20" and .50" were confined to reporting stations in eastern Bastrop, Fayette, Lee, and Milam Counties. Preliminary 24-hour rainfall totals The Flood Warning for the Middle Yegua Creek near Dime Box was cancelled before 8 a.m. Flood stage was at 9' and dropping. The afternoon ...

Youth trying to make a difference in support of climate change

Published Fri, 07 Feb 2025 12:02:27 GMT

AUSTIN (KXAN) -- The younger generation is trying to make a difference in today's world. You don't have to look far to see their commitment by trying to get legislators to understand why there is a need for gun control.Others are determined to help save the planet by doing battle on behalf of climate change. Recently, the voices of 16 young people were heard when they challenged their state's pro-fossil fuel policies. Part of what makes this story more interesting is that it occurred in a state where you wouldn't necessarily think a challenge like this would happen.Montana.The 16 range in age from 5 to 22. They filed a climate change lawsuit objecting to the state's policies when it comes to fossil fuels. State officials tried to thwart this group's efforts but to no avail, because a judge declared the lawsuit filed will head to trial.A win for the good guys.The trial will be heard in Helena. Climate law experts say it would be the first of its kind. Its significance cannot be under...

Son of Buffalo mass shooting victim speaks to continued lack of change on East Side, Mayor Brown responds

Published Fri, 07 Feb 2025 12:02:27 GMT

BUFFALO, N.Y. (WIVB) -- Mark Talley, the son of Geraldine Talley and Executive Director of the organization Agents for Advocacy, said he has not seen any major changes on the East Side in the year since the racist mass shooting at the Tops supermarket on Jefferson Avenue. Get the latest, news, weather, sports and community events delivered right to your inbox! "We see a lot of organizations and companies trying to pull people together so we can overcome the hate that happened last year. Unfortunately, that was on a micro level," he said. "On a macro level, I don't still see what has changed since last year on the East Side. The East Side after 5/14 is the same East Side of Buffalo as it was prior to 5/14."Talley joined News 4 on Sunday morning to reflect on this past year."Unfortunately, this is the one-year anniversary. Even saying 'anniversary' kind of seems too strong to say regarding this weekend, but it's the one-year anniversary of the Tops terrorist attack," he said. "It's ...

Indian Ladder Farms starts new Mother’s Day tradition

Published Fri, 07 Feb 2025 12:02:27 GMT

ALTAMONT, N.Y. (NEWS10) — Indian Ladder Farms is not just a place to go during the Fall; throughout the year, the farm organizes a variety of events. But this year, Laurie Ten Eyck, Manager of the farm, said the staff wanted to explore other options to help celebrate Mother’s Day.“We have always done a Mother’s Day brunch. So we felt pretty good about that,” she said. “Although, since the pandemic… I think everything is always uncertain.” Get the latest, news, weather, sports and community events delivered right to your inbox! That’s when the team decided to create the first annual Moederdag (that’s Mother’s Day in Dutch) Festival, named after the owner’s Dutch heritage. They wanted the event to include yoga, brunch, mimosas, and other activities like a 5-k run for moms.Ed Meyer of Delmar brought his wife and two kids because he felt this was a great way to spend the day, especially since his wife loves to run in a variety of 5k races.“Their mom, my wife, is running, so we had to ...

Man found dead after drowning in Carondelet Park pond

Published Fri, 07 Feb 2025 12:02:27 GMT

ST. LOUIS - A man was found dead Saturday morning after crews he found that he had drowned inside a Carondelet Park pond.Officers responded to a call around 8:15 a.m. at the park, where a 22-year-old man was last seen swimming inside the pond. After going under the water, the man never reappeared. Foggy and humid start Sunday, storms expected by 2 p.m. The St. Louis Fire Department responded to the scene, and later found the man dead.

Man killed in two-vehicle crash in Aurora early Sunday morning

Published Fri, 07 Feb 2025 12:02:27 GMT

A man was killed in a two-vehicle crash in Aurora early Sunday morning, according to the police department.The crash happened on Chambers Road near East 38th Avenue at about 1:30 a.m., according to the police department. The driver of a Ford F-250 truck was driving south on Chambers Road when the vehicle struck an Infinity I30 sedan that was making a left turn from the Interstate 70 off-ramp onto Chambers Road.The truck broadsided the sedan, killing the sedan’s driver. The truck then went off the road and down an embankment. The truck’s driver and a passenger, both men, survived with minor injuries.Aurora police Sgt. Faith Goodrich said in a news release that “intoxication” may have contributed to the crash. The investigation is ongoing. The man who died has not been publicly identified.Related ArticlesCrashes and Disasters | Driver in wrong-way crash in Aurora dies at hospital; police investigation is ongoing Crashes and Disasters | ...

Oakland’s striking teachers and school district reach agreement on four ‘common good’ demands

Published Fri, 07 Feb 2025 12:02:27 GMT

After seven days of strikes, the Oakland Unified School District announced it had reached an agreement with the teachers’ union on four “common good” demands — which, until this point, had placed the two sides in a gridlock since the strikes began.For over a week, the district had argued that these demands — which seek to address racial equity, homelessness, and environmental justice for students — fell outside the scope of a union bargaining agreement. But on Saturday night, four of those demands had been agreed upon, relating to: housing and transportation, the community schools grant, the Black thriving community schools initiative, and school closures.“We are still on strike, but momentum is on our side,” tweeted the teachers’ union, the Oakland Education Association, that evening.Related ArticlesEducation | Former Cupertino mayor appointed to high school board Education | Sunnyvale nonprofit awards $3.2 million in clean energy grants Education | ...