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Looking for a housing price crash? That’s unlikely, real estate economists say

Published Fri, 07 Feb 2025 08:16:15 GMT

The nation‘s housing market is going through a correction, not a crash.While sales are down and mortgage rates are up, home prices are still rising because there are so few homes for sale.And after a decade of rising prices, commercial real estate values have been dropping steadily over the past 18 months, particularly for offices. It’s going to take two to nine years for building and warehouse values to get back to 2022 levels, creating some risk for banks holding real estate debt. Another 311 banks will likely fail in the near future — equivalent to three Silicon Valley Banks, but not enough to tank the banking system.Those are among the conclusions from more than a dozen economists and analysts speaking at a gathering of real estate journalists in Las Vegas earlier this month.“We don’t foresee home price declines on a year-over-year basis nationally,” Selma Hepp, CoreLogic chief economist, told the National Association of Real  Estate Editors conference held in Las Vegas June 6-9...

Railroad industry sues California over zero-emissions rule for locomotives

Published Fri, 07 Feb 2025 08:16:15 GMT

By Thomas Black | BloombergRail industry trade groups filed a lawsuit against a California state agency for rules that call for zero-emissions locomotives to replace existing equipment — a technology the industry says isn’t ready.The rule by the California Air Resources Board would force rail companies to retire more than 25,000 locomotives early, according to the Association of American Railroads and the American Short Line and Regional Railroad Association, the two groups that brought the lawsuit.Although the railroads are experimenting with locomotives powered by batteries and fuel cells, the technology hasn’t been tested enough and it’s not yet available for purchase, the rail groups said in a statement. Railroads have worked with the agency, known as CARB, on initiatives to reduce emissions, said Ian Jefferies, president of the AAR.“While the urgency to act is real and unquestionable, CARB uses unreasonable, flawed assumptions to support a rule that will not result in emissions...

6 people injured in gun battle near Pier 39: SFPD

Published Fri, 07 Feb 2025 08:16:15 GMT

SAN FRANCISCO (KRON) -- Six people were injured Sunday evening after a shooting near Pier 39, the San Francisco Police Department (SFPD) confirmed to KRON4. Now, police are still looking for one of the cars involved. Dolores Heights business faces 2 break-ins in 2 days The shooting happened around 6:48 p.m. near Beach and Stockton streets. SFPD says two vehicles were chasing each other down The Embarcadero. The rolling gun battle between two shooters ultimately ended near Pier 39. When SFPD officers arrived at the scene they found two victims with gunshot wounds. The victims were taken to a nearby hospital, and one victim suffered life-threatening injuries. The second victim suffered non-life threatening injuries. KRON On is streaming now.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100...

Nick Kyrgios out of Halle Open with knee injury shortly after comeback

Published Fri, 07 Feb 2025 08:16:15 GMT

HALLE, Germany (AP) — Last year’s Wimbledon runner-up Nick Kyrgios withdrew from the Halle Open on Monday in his latest setback as he tries to recover from a long-running knee injury.“I tried everything here in Halle the last couple of days, but then I had to make the decision to pull out”, Kyrgios said in a statement on the tournament website. “I want, when I play, to deliver a performance like last year when I was in the semifinals. But that will really not be possible.”Tournament organizers said Kyrgios was “still suffering from the aftereffects of a complicated knee injury which had put him out of action for around seven months,” adding that he felt a recurrence of the knee issue while training in Halle.Kyrgios, who had knee surgery in January, returned to action last week for the first time since October in a straight-set loss to Wu Yibing at the grass-court Stuttgart Open. Halle is another grass event viewed as a warmup for Wimbledon. The Australian had been ...

Insider Q&A: Lithium batteries have a 4-hour limit. Mateo Jaramillo hopes to solve that

Published Fri, 07 Feb 2025 08:16:15 GMT

Wind and solar power are sometimes dinged for not producing electricity 24 hours a day, but one of the most abundant minerals on the planet, iron, could be key to changing that. Form Energy, founded in 2017, recently broke ground in West Virginia on its first commercial-scale factory to make iron-air batteries — totally different from lithium ion. The company’s goal is to one day help supply the electrical grid across the United States with renewable energy 24 hours a day and slash the need for burning coal and natural gas, polluting energy sources we currently rely on.CEO Mateo Jaramillo spoke with The Associated Press about progress toward achieving this vision. The interview has been edited for clarity and length.Q: Why do you consider batteries a climate solution?A: When I left divinity school in 2004 I made a sector bet and figured at some point, society will want effective energy storage. I grew up in Salinas, California, which is an agricultural town, and my parents wor...

Mueren 5 personas, incluidos dos menores, en incendio en una casa rural de Carolina del Norte

Published Fri, 07 Feb 2025 08:16:15 GMT

Cinco personas murieron en un incendio en una casa en un pueblo rural de Carolina del Norte el domingo, dijeron las autoridades. La Oficina del Sheriff del condado de Harnett dijo a los medios de comunicación que la causa del incendio en la comunidad de Broadway estaba bajo investigación y que podía proporcionar pocos detalles. Tres adultos y dos menores murieron en el incendio, dijeron investigadores de la oficina del alguacil. Balean fatalmente a cuatro personas en residencia en Idaho; arrestan a sospechoso ¿Cuál es el significado de Juneteenth? El feriado del 19 de junio en EEUU Los agentes bloquearon el camino que conduce a la casa mientras los bomberos investigaban la causa. Broadway está a unas 45 millas (72 kilómetros) al suroeste de Raleigh. Esta es una historia en desarrollo. Vuelva a consultar las actualizaciones.Source

Gary O’Neil loses his job as Bournemouth manager despite keeping the team in the Premier League

Published Fri, 07 Feb 2025 08:16:15 GMT

BOURNEMOUTH, England (AP) — Bournemouth fired manager Gary O’Neil on Monday even though he kept the team in the Premier League last season with four matches to spare.Bill Foley, the American who bought Bournemouth in December, said it was a “difficult decision” to part company with O’Neil but that “it has been made with great consideration to best position ourselves ahead of the coming season.”O’Neil took charge of Bournemouth early last season following the departure of Scott Parker after a 9-0 loss at Liverpool, which cemented the team’s status as a favorite for relegation.Initially hired on an interim basis, O’Neil was given the job on a full-time basis in November and helped Bournemouth stay up against the odds in its first season back in England’s top division.Foley, who fronts the Black Knight Football and Entertainment consortium that also owns the NHL champion Vegas Golden Knights, said a change of manager was part of the club’s plan...

If it's 90 degrees outside, how hot is it for your dog inside the car?

Published Fri, 07 Feb 2025 08:16:15 GMT

DENVER (KDVR) — After weeks of rain and cool temperatures, Denver could possibly reach the 90-degree mark for the first time in 2023. With the summer heat just around the corner, it's a good time to remember to never leave your furry friends locked in a hot car. Rain, rain and more rain, that is what the Pinpoint Weather team has been forecasting for June so far. But after more than two weeks, Colorado's Most Accurate Forecast is finally tracking warm highs in the upper 80s and possibly 90s. Recent weather impacts Water World staff, guests The National Weather Service is reminding pet owners about the dangers of leaving their dogs in the car even for just 10 minutes.If it is 90 degrees outside, how hot is my car?NWS created a chart to show pet owners how hot it could get inside a car even after a short period of time. Outside temperature (F)Inside car temp after 10 minutes (F)Inside car temp after 30 minutes (F)70 degrees89 degrees104 degrees75 degrees94 degrees109 degrees80 degr...

Fatal crash in Miami Gardens leads to lane closures on Turnpike

Published Fri, 07 Feb 2025 08:16:15 GMT

Heavy traffic was seen near Red Road as officials covered a body with a yellow tarp near Red Road in Miami Gardens Monday. Florida Highway Patrol was near the overpass on the Turnpike investigating. Two lanes seemed to be blocked off so commuters are advised to avoid the area. Please check back on WSVN.com and 7News for more details on this developing story.

Hot & Stormy, Plus Tropics Update

Published Fri, 07 Feb 2025 08:16:15 GMT

Local WeatherHeat advisory extended through 5pm today only for the Florida Keys. However, we remain hot and unsettled with Southwest steering flow through Tuesday. This means more afternoon storms are likely (favoring East coast).An upper-level low enters the picture midweek from the North and gets stuck across the Southeast. More of Southeast wind flow develops, so it won’t be as scorching hot. Models this should maintain the deep moisture coming in from the tropics and elevated rain chances the remainder of the week.Today in the Tropics: Watching two areasTropics are heating up too… Normally we start monitoring waves that come off the coast of Africa in August. However, Cape Verde season has jump started early due to warmer than normal water temperatures in the Atlantic region of the ITZC zone.Low pressure is close to becoming a depression or storm. Advisories could be issued later today. System moving West at 10-15 mph with further development expected moving across t...