How 1 man and his getaway driver pulled off 15 bank robberies in 5 states -- 6 in Michigan
Officials broke down, in detail, how they say one man used napkin notes, one-minute in-and-outs, and a getaway driver to pull off 15 different bank robberies across five states, including at six branches in Michigan.
US existing home sales, and prices, rise again in January
Existing U.S. home sales rose 0.6% in January from the previous month to a seasonally-adjusted rate of 6.69 million annualized units, the National Association of Realtors said Friday. The red-hot housing market has left the number of available properties for sale at record lows. The dearth of homes for sale has been the main driver of home prices. “No winter slowdown.”The housing market has mounted a strong comeback since last summer after declining sharply in the spring when the coronavirus outbreak hit. AdYun, of NAR, expects the average 30-year mortgage rate to tick higher, possibly reaching 3% by midyear.
Existing home sales rise in 2020 to highest in 14 years
A "sale pending" sign is posted on.a home in Westfield, Ind., Friday, Sept. 25, 2020. Sales of new homes remained steady in October at a seasonally adjusted rate of 999,000 units. (AP Photo/Michael Conroy)WASHINGTON – Sales of existing homes rose 0.7% in December, pushing the entirety of 2020 to a pace not seen in 14 years and providing one of the few bright spots for a U.S. economy mired in a global pandemic. Rising sales in the final month of the year lifted activity to a seasonally adjusted annual rate of 6.76 million units, the National Association of Realtors reported Friday. Sales rose to 6.48 million in 2020, the highest level since 2006 at the height of the housing boom.
US long-term mortgage rates slip; 30-year loan at 2.77%
U.S. long-term mortgage rates slipped this week while remaining at record-low levels. (AP Photo/Michael Conroy, File)WASHINGTON – U.S. long-term mortgage rates slipped this week while remaining at record-low levels. Mortgage buyer Freddie Mac reported Thursday that the average rate on the benchmark 30-year fixed-rate home loan eased to 2.77% from 2.79% last week. The damage from the coronavirus pandemic on the U.S. and global economies suppressed home loan rates through most of last year. While the rise in mortgage rates is unlikely to derail the bustling housing market, it could make it tougher for would-be homebuyers.
Nov. existing home sales fall 2.5%, following record summer
The market for existing homes cooled slightly in November, the National Association of Realtors said Tuesday, Dec. 22, 2020 after climbing through the late spring, summer and early fall despite the pandemic. (AP Photo/Michael Conroy)CHARLOTTE, N.C. – The market for existing homes cooled slightly in November, the National Association of Realtors said Tuesday, after climbing through the late spring, summer and early fall despite the pandemic. Existing home sales fell 2.5% between October and November on a seasonally adjusted basis to 6.69 million annualized units. Sales of existing homes are still up 25.8% from a year earlier, the trade association said. ___This story has been corrected to say that sales of existing homes totaled a seasonally adjusted 6.69 million units in November and the average sale price was $310,800.