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MALIBU, California — The devastating Woolsey Fire destroyed homes in Malibu on Friday including one belonging to Caitlyn Jenner.By Friday afternoon, 14,000 acres burned, along with multiple homes, fire officials reported. Another 30,000 homes were threatened in Ventura County.Caitlyn Jenner's home was featured on her reality show "I Am Cait", according to KABC. It sat on a ridge overlooking the Malibu hills area, covering 3,500 square feet.RELATED: Interactive Map: See Woolsey, Hill Fire ZonesTMZ reported that Jenner has lived in the home in 2015 and had to deal with natural disasters before. Last year, winds up to 60 miles per hour tore the roof from the house.Jenner’s former stepdaughters, Kim Kardashian West, and Kourtney and Khloe Kardashian, also had to evacuate their homes in Calabasas."Pray for Calabasas," Kardashian West wrote on an Instagram story. "Just landed back home and had 1 hour to pack up & evacuate our home. I pray everyone is safe."Kardashian posted an update on twitter Friday about the home she shares with husband Kanye West. 1078
Middletown, Connecticut (WFSB) -- A car slammed into Middlesex Hospital in Middletown, Connecticut and caught fire on Thursday morning.According to Middletown Mayor Dan Drew, the act was intentional and that there were gas cans in the car.Drew said in a noon news conference that a man in his 20s crashed into the emergency room entrance and then set himself on fire. He was reportedly at Bridgeport Hospital in critical condition.One person was hurt, according to dispatchers.“I heard a noise," said Gary Mills, an eyewitness. "I was in my room. I put my shoes on and looked out the window and I saw all the smoke coming out. I said 'something is happening over there.' My sister got up. We went outside and we saw all the flames and then over this side I see this guy screaming, he was screaming! I said, that guy's on fire."The Connecticut State Police Bomb Squad has responded, WFSB reported.It happened at the emergency room entrance on Crescent Street around 10 a.m.Mayor Dan Drew posted to social media."At this time, we don't believe there is any threat to the community and we believe this to be an isolated incident," Drew said.The hospital is in "emergency operations mode," hospital officials said.The Life Star emergency helicopter was dispatched to the scene.However, it's unclear how serious the person's injuries are.WFSB saw the emergency room door pushed in with the car inside as well as shattered glass.Several fire departments were called for mutual aid. 1494
LOS ANGELES, Calif. – Sharon Osbourne announced Monday that she’s tested positive for the novel coronavirus.In a tweet, the TV personality said she was briefly hospitalized due to COVID-19, but she’s now recuperating at a location away from her husband, Ozzy. She added that he has tested negative for the virus.“Everyone please stay safe and healthy,” she tweeted.Osbourne is a co-host on “The Talk,” which is currently on a scheduled hiatus.The 68-year-old's COVID-19 diagnosis comes days after one of her co-hosts, Carrie Ann Inaba, revealed she test positive for the virus as well.Osbourne and her husband are both considered high risk for COVID-19. She battled and overcame colon cancer, while the rock star has Parkinson’s disease.Around the beginning of the pandemic, their daughter Kelly said she was staying home for her parents and encouraged others to do the same to prevent spreading the virus.“The truth is I am scared too. Both of my parents are high risk especially my dad,” she wrote in an Instagram caption. “If I would have known 3 weeks ago when I sent them off to panama that that was gonna be the last time I got to hug and kiss them for a while… I would have held on a little longer. However, these are the sacrifices we must make. I stay home for my mum and dad.” 1294
Lumber stocks are at a historic high. We haven't seen these numbers since the 2008 housing boom and then crash. Experts say that's in part because of the housing market and record low mortgage rates.2020, the unprecedented year where nothing goes as expected, has brought us what realtors call a "sellers' market"."There’s plenty of buyers in the marketplace, but not enough supply so what we are seeing is multiple offers happening frequently on mid-price homes. So heavy competition in the marketplace.” Dr. Lawrence Yun, chief economist for the National Association of Realtors, said.The country's largest trade organization has 1.4 million members who help people buy and sell homes. Dr. Yun says the nation's housing market has even surpassed pre-pandemic sales. He attributes a lot of that to low mortgage rates and people realizing that working from home means they need more room.“Because of the strong demand for housing and we have a shortage of homes in the marketplace, so whatever home builders build, they can find a buyer so they build more homes. But one of the constraints is lack of construction workers along with the material cost that goes into construction, such as lumber,” says Dr. Yun, who also pointed out the country's underproduction.“Home builders have been producing below historical average for 10 straight years and the cumulative effect of underproduction is we don’t have sufficient inventory and that is the reason why home prices are rising and we need to build more homes to get into balance,” added Dr. Yun.Which is why, Laura Gonzalez, associate professor of Finance at California State University Long Beach, says we're experiencing a supply and demand situation when it comes to wood.“We just don’t have enough wood,” Gonzalez said. “It's difficult to make it ready and then transport it because of the pandemic. It's not that the industry is changing its just that we have had a shift both in supply and demand.”Gonzalez also says it's the basic equation of high demand meaning lower supply, which sends prices up and stocks soaring. Then there's the factor of where our wood comes from. She says, “We import some of our lumber from Canada both from lumber and other products. If we depend on other nations, we are more susceptible to changes in supply.”So, what comes next?“The issue of supply versus demand is going to correct in two years, but the opportunities for climate finance are ongoing that is not going to finish,” Gonzalez said.Which is why Dr. Yun says home prices will hold firm, and if you're waiting for a ‘burst’ or for prices to decrease, you might be waiting a while.“In future years, mortgage rate will certainly rise and that will choke off some of the demand, but hopefully we have adequate supply so we have a more balanced market condition where prices rise in manageable, 3-4% each year and people will feel comfortable at that rate of price appreciation,” says Dr. Yun.Dr. Yun recommends if you want or need to buy, don't overstretch your budget as the competition is fierce out there. If you want to sell, don't get greedy and overprice because your home will get stuck on the market. It's yet another aspect to this odd year that has brough the unexpected to us all. 3245
Martin Shkreli was sentenced to seven years in prison on Friday for defrauding investors out of more than million.Shkreli, who gained notoriety for inflating the price of a life-saving drug, had faced up to 20 years behind bars for mismanaging money at three hedge funds.He was convicted on August 5, 2017 of securities fraud and conspiracy in what prosecutors said amounted to a Ponzi scheme. Shkreli called the charges "a witch hunt of epic proportions."The-CNN-Wire? & ? 2018 Cable News Network, Inc., a Time Warner Company. All rights reserved. 564