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BALTIMORE — Americans stepped up their home purchases in June by a robust 20.7% after the pandemic had caused sales to crater in the prior three months. But the housing market could struggle to rebound further in the face of the resurgent viral outbreak and a shrinking supply of homes for sale. Sales of existing homes rose last month to a seasonally adjusted annual rate of 4.72 million, the National Association of Realtors said. Their data showed all four regions of the country saw growth, with the west experiencing a larger increase. The data included single-family homes, townhomes, condominiums and co-ops. Despite the sharp monthly gain, purchases are still down 11.3% from a year ago, when homes had sold at an annual pace of 5.32 million.Inventory remains an issues, according to the National Association of Realtors (NAR). A low number of available homes was an issue before the pandemic. Total inventory is down 18.2 percent from a year ago, according to the data. The low supply and increasing demand could cause a spike in the price of homes.“Home prices rose during the lockdown and could rise even further due to heavy buyer competition and a significant shortage of supply," said Lawrence Yun, NAR’s chief economist.The median price for exisiting-home sales in June was 3.5 percent higher than a year ago. This is an ongoing trend, NAR says the median price has increased each of the last 100 months. 1428

Attorney General William Barr compared calls for a national lockdown to slavery on Wednesday.Speaking at Hillsdale College, the event's host asked Barr to explain the "constitutional hurdles for forbidding a church from meeting during COVID-19."Barr then launched into a four-minute response where he said a national lockdown would be akin to house arrest.He accused state governors of using their executive powers to stifle citizens and businesses."Other than slavery, which was a different kind of restrain, this is the greatest intrusion on civil liberties in American history," Barr said.The attorney general said he's OK with requiring masks, but not shutting down businesses.The comments came a day after Barr equated prosecutors at the Justice Department to pre-schoolers. 787

ATLANTA — Typically voters in other states don't typically pay attention to elections in other states. But that is not the case with the Jan. 5 Georgia runoff with control of the United States Senate on the line. WHAT'S AT STAKE Two Senate seats are up for grabs. Currently, Republicans control both of them and if they win reelection in one of them they will control the Senate for the next two years. If Democrats sweep both races, Democrats will control the Senate for two years. The outcome will determine how much political power President-elect Joe Biden has. Having control of the Senate would give Biden more ability to confirm nominees and pass progressive bills, which includes COVID economic relief. EARLY VOTING On Monday, early voting got underway with thousands casting their ballot in Georgia. 816

As part of his push to get schools reopened in the fall, he is calling on Congress to approve 5 billion in funding to help with additional costs associated with the coronavirus pandemic.“This funding will support mitigation measures such as smaller class sizes, more teachers and teacher aides, repurposes spaces to practice social distancing, and crucially mask wearing,” Trump said.Trump is also taking a different tact to compelling schools to reopen. Previously, Trump threatened to pull federal funds from schools that did not reopen. Many of those funds are through the Title 1 program, which are directed toward poorer and disadvantaged schools.Rather than pulling federal funds from schools that opt for virtual learning, Trump said that the supplemental funds would go with the students. Under his proposal, students could use federal funds for other in-person learning options, or for homeschooling.“If schools do not reopen, the funding should go to parents to send their child to public/private, charter, religious or home school of their choice, the keyword being choice,” Trump said. “If the school is closed, the money should follow the student so the parents and families are in control of their own decisions. So, we would like the money to go to the parents of the student. This way they can make the decision that's best for them.”Trump said that the CDC would issue new guidance Thursday evening on how to safely reopen schools.While Senate Republicans seem poised to pass additional education funds as part of a broader stimulus plan, Democrats are not as enthusiastic.Speaker Nancy Pelosi told reporters on Thursday that the bill “so far falls very short of the challenge that we face in order to defeat the virus and to open our schools and to open our economy.”The bill also includes funding for coronavirus tests and a second round of stimulus checks. 1887

As wildfires rage in California, emotions are heating up.“People are not getting along,” said Boulder Creek, California, local Alex.In the Santa Cruz mountains, people are stocking up on gas but running out of patience.“The whole valley was closed,” Alex said. “Closed man!”At the local grocery store, workers are counting every single cent after being shut down for two weeks due to fire concerns.“We definitely have stocked up on our gallon waters,” said Vanessa Russo, owner of Wild Roots Market in Boulder Creek.Russo says wildfires during the pandemic have drastically cut into profits and are now weighing on people’s wallets and their well-being.“A lot of our customers are having to deal with refrigeration issues and slowly having evacuations be lifted,” she said.With thousands of homes destroyed during these fires and many businesses already suffering due to COVID-19 concerns, rebuilding could come at a cost never seen before.“The 2020 fire could be even more catastrophic than say the 2018, which was I think was billion,” said Janet Ruiz with the Insurance Information Institute.Ruiz says the California fires could impact areas across the country.“Agriculture, you talk about the wine industry,” she said. “Beef, the pork, all those could be affected by catastrophe.”The economic impacts of these fires stretch from the mountains, all the way to the ocean“So, the time when our businesses need funding from us, we don’t have it to give,” said Bonnie Lipsco-mb, director of economic development for the City of Santa Cruz.Fire displaced Lipscomb’s family and they’re now living in a trailer.”Despite the new digs, Lipscomb is still focused on helping her community during these unprecedented times.“The impact is really catastrophic,” she said. “I don’t think we’ve seen this since the earthquake and maybe not even then.”With much of the city’s budget funded through sales and property taxes, areas of income that were already suffering before the fires, city leaders are now seeking support from state and federal government agencies.“We’re working on long-term recovery, but at the same time, it's day by day,” Lipscomb said.That road to economic recovery, however, will be long and costly. 2221

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