Posted in home

Barrett Says George Floyd Killing Hit Home

At several points in the hearing, senators have asked Judge Barrett whether her personal stances — on family, gun rights or religion, for instance — would weigh on how she judges cases on the Supreme Court.

Sen. Dick Durbin (D., Ill.), in a series of questions ahead of a section on voting rights, asked Judge Barrett about the impact of the police killing of George Floyd on her family. Judge Barrett has seven children, including an adopted son and daughter from Haiti.

“Senator, as you might imagine, given that I have two Black children, that was very, very personal for my family.” She said her husband was on a camping trip with her boys, and she was at home with the girls. “I was there and my 17-year-old daughter Vivian who is adopted from Haiti, all of this was erupting. It was very difficult for her. We wept together in

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Job losses for high earners hit the economy. For low-wage workers, they hit home

If so many people are out of work and on the edge of eviction or foreclosure, how come we’re not seeing more evidence of economic disaster? Why hasn’t it spread throughout the economy? Why aren’t things worse than they are reported to be?



a young boy standing next to a person: Raquel Lezama outside her home in Los Angeles before walking with her daughter Monica Ramos, 19, to Manual Arts High School to pick up grab-and-go meals for the family. Raquel was laid off from her job as a mini-bar attendant at a luxury Beverly Hills hotel on March 13. She is a single mother of three children, an unemployed 19-yr-old daughter (Monica Ramos) and two sons: Alan, a 13-year-old with a learning disability and Jesus, an 8 year old with colitis.


© Al Seib/Los Angeles Times/TNS
Raquel Lezama outside her home in Los Angeles before walking with her daughter Monica Ramos, 19, to Manual Arts High School to pick up grab-and-go meals for the family. Raquel was laid off from her job as a mini-bar attendant at a luxury Beverly Hills hotel on March 13. She is a single mother of three children, an unemployed 19-yr-old daughter (Monica Ramos) and two sons: Alan, a 13-year-old with a learning disability and Jesus, an 8 year old with colitis.

The answer is disturbing. And simple.

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It’s all about income. If your income is modest and you lose your

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Posted in home

US In Danger Of Becoming A ‘Renter Nation’ As Home Prices Hit Record High, Says Investor

KEY POINTS

  • Every $1,000 increase in home price pushes 150,000 buyers away: Report 
  • Rental prices have dropped by 0.1% since last month: Report
  • Homebuying is currently led by people with jobs and equity

Rising demand for homes, unprecedented levels of mortgage rates and low supply have pushed home prices out of reach for prospective homebuyers, which could make America a ‘renter nation,’ Grant Cardone, a real estate investor, told Yahoo.

“Homeownership is still dead in this country because the only people that are buying homes right now are people that have equity, great credit, and a job,” Cardone said.

For every $1,000 increase in home price, 150,000 buyers are priced out of a possible home purchase, according to a recent report by the National Association of Home Builders (NAHB).

The fall season is known to be good for real estate as home prices fall during this time. Realtor.com, however, suggests

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Posted in home

Autumn of heartbreak for home shoppers as Seattle-area prices hit new record highs

In a normal year, September would be when housing prices begin to level off.

But what about 2020 is normal?

Pulled up by unrelenting demand and an inventory drought, King County home prices hit a new all-time high of $753,600 in September, a 14% bump over last year, according to new data from the Northwest Multiple Listing Service.

Potential sellers are hunkering down, choosing to refinance rather than list, reducing the number of homes on the market in all of Western Washington to half as many as last year.

The market for homes priced less than $800,000 is especially intense, brokers said, as first-time homebuyers and former condo-dwellers look for more space as the pandemic drags into its eighth month.

For buyers seeking to compete at that price point, bidding wars, fleeting listings and all-cash offers are the norm. Typical for this market: The two-bedroom Wedgwood rambler that sold in

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Rays hit 4 homers, Glasnow fans 10 in 7-5 win against Yanks

SAN DIEGO — With their pitching staff providing a record 18 strikeouts, the Tampa Bay Rays showed some pop of their own against the New York Yankees.

Randy Arozarena, Mike Zunino, Manuel Margot and Austin Meadows homered, and Tyler Glasnow struck out 10 to set a postseason record for the Rays, who beat the Yankees 7-5 Tuesday night to even their AL Division Series at one game apiece.

The Rays had enough power to overcome a huge game by Giancarlo Stanton, who had two home runs and four RBIs. His impressive power display included a 458-foot, three-run homer that landed under the giant video board in left field at Petco Park. It was reminiscent of the mammoth shots he hit in winning the Home Run Derby here in 2016.

Stanton has three homers this series and five in four postseason games. His grand slam in the ninth inning Monday night

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Posted in home

Pending home sales hit record in August

The number of homes under sales contract hit a record high in the National Association of Realtors’ 19-year history of monthly surveys.



a sign on the side of a building: Pending home sales hit record in August


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Pending home sales hit record in August

The number of pending homes increased 8.8 percent since July and were up nearly a quarter since last August. The pending home sales index reached a high-water mark of 132.8, meaning sales were 32.8 percent higher than the index’s 2001 starting level of 100.

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“While I did very much expect the housing sector to be stable during the pandemic-induced economic shutdowns, I am pleasantly surprised to see the industry bounce back so strongly and so quickly,” said Lawrence Yun, the association’s chief economist.

Near-zero interest rates from the Federal Reserve have helped push mortgage rates to record lows, which has helped fuel the buying spree.

“Tremendously low mortgage rates below 3 percent have again

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Posted in home

Home Sales Contracts Hit Record With Low Rates Fueling Rally

(Bloomberg) — U.S. pending home sales rose more than expected in August, reaching the highest level on record as low mortgage rates fuel a housing rally.

The National Association of Realtors’ index of contract signings to buy previously owned homes surged 8.8% from a month earlier, according to data released Wednesday. Analysts had estimated 3.1%. Compared with 2019, pending sales jumped 24%.

“Tremendously low mortgage rates have again helped pending home sales climb,” said Lawrence Yun, NAR’s chief economist.



chart: Pending home sales reach a record in data going back to 2001


© Bloomberg
Pending home sales reach a record in data going back to 2001

It was the fourth straight monthly gain for the index, which is now at the highest level in records dating back to 2001. The index has surged since taking a hit when the pandemic froze the housing market in March.

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Read more: U.S. Existing-Home Sales Increase to Fastest Pace Since 2006

Record-low mortgage rates have

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Posted in home improvement loans

UK mortgage approvals hit 13-year high, as firms warn of tough times – business live | Business

A Greggs bakers store in Cardiff, south Wales, at the start of the lockdown

A Greggs bakers store in Cardiff, south Wales, at the start of the lockdown Photograph: Geoff Caddick/AFP via Getty Images

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

A swathe of UK companies are reporting today that Covid-19 continues to hurt their businesses, more than six months after the UK first imposed restrictions to battle the pandemic.

High street baker Greggs has warned that staff faced reduced hours, and potentially job cuts, as it tries to cut its employment costs.

Greggs, famous for its steak bakes, sausage rolls and new vegan offerings, reports that like-for-like sales in September are only 76.1% of the 2019 levels (an improvement on a ‘slow’ August).

With the government’s furlough scheme wrapping up in a month (replaced by a less generous wage subsidy package), Greggs says it must make cuts:


With business activity levels

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Some Wealth Gap Improvements Were Happening, Then the Recession Hit

It is no secret that there is a wealth gap in America. Many nations have these wealth gaps among different races and ethnicities, but they are more easily tracked in the most developed economy in the world. Before considering the impact of the 2020 recession, there was some good news and some bad news in the wealth gap and disparities among different races in America.

The Federal Reserve has released its 2019 Survey of Consumer Finances. While the broad report is vast and covers many topics, the Fed also broke down how those wealth disparities look by race and ethnicity. Since the most recent similar report in 2016, the Fed indicated that the typical white family has about eight times the wealth of the typical Black family and about five times the wealth of the typical Hispanic family.



a pair of shoes


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The Fed indicated that median wealth

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Posted in home

Moscow mayor urges more home-working as Russia’s new COVID cases hit three-month high

MOSCOW (Reuters) – The mayor of Moscow urged businesses on Friday to get more people to work from home as Russia’s daily tally of new coronavirus cases hit its highest since June 23.

FILE PHOTO: A security guard wearing a protective face mask looks on in Moscow, as Russia’s coronavirus case tally passed the one million September 1, 2020. REUTERS/Maxim Shemetov

Officials reported 7,212 new infections, bringing the national case total to 1,136,048. In Moscow, the tally of new cases rose almost 50% overnight to 1,560 from 1,050 the previous day.

Russia lifted many of its lockdown restrictions in June and many shops, businesses and public transport in the capital of more than 12.5 million people are operating largely as normal.

But on Friday Mayor Sergei Sobyanin recommended that the heads of all companies in the city switch as many of their staff as possible to working from home from

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