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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
At least one person is dead and hundreds of thousands of homes are without power as Hurricane Michael moves inland from Florida to Georgia.Michael made landfall Wednesday around 2 p.m. ET as a Category 4 storm near Mexico Beach, Florida. The strongest storm to hit the continental US since Hurricane Andrew in 1992, Michael dashed homes into pieces, swallowed marinas and left piles of rubble where shopping centers once stood.Now a Category?1 storm with winds up to 75 mph, the storm is moving across southwestern Georgia about about 17 mph near Albany. Meanwhile, flooding continues along the Gulf Coast, where downed trees and utility polls are making precarious rescue efforts even harder. 721
At least 48 people were shot within a 24-hour span on Sunday in New York, capping off a violent Fourth of July weekend, police said.Among those shot, 10 of them were fatal.Since Friday, there were 63 victims of gun violence, continuing the rising trend this summer.Most of the shootings were on Sunday, though there were a number of incidents on Saturday, including one in which no one was hurt. Police opened fire in Astoria, Queens on Saturday night when they spotted an individual shooting at someone else. A suspect was taken into custody in that incident.Police also witnessed violence first hand outside the 40th precinct in the Bronx Saturday night. A bullet pierced the front window of their marked cruiser.While in Brooklyn, a flaming firecracker was tossed inside a patrol car with an officer sitting inside.In a pair of tweets from Manhattan police commanders, the chiefs called out city leaders, saying the city is under attack, and they are demanding action.Former police commissioner Ray Kelly criticized Mayor Bill de Blasio for limiting anti-crime units as “crime is raging out of control in New York City.”Police are searching for suspects in multiple shootings.According to the NYPD, there were 575 incidents with 705 victims from Jan. 1 through July 4 of 2020. There were 369 incidents with 423 victims in the same time period last year. Sunday, the NYPD Chief of Detectives, Rodney Harrison tweeted, “The NYPD and the community need to work together as a team to help curb the violence.”Contributing reporting by Jennifer Bisram and Magee Hickey.WPIX's Anthony DiLorenzo first reported this story. 1625
Authorities are racing to rescue three people trapped in a West Virginia mine.Four individuals were reported missing Saturday after an abandoned ATV they were believed to be riding was found near the entrance of a mine in Clear Creek, according to a statement from the office of West Virginia Gov. Jim Justice.One of the four emerged from the mine alive and on his own late Monday night, the West Virginia Office of Miners' Health, Safety and Training said.The man said that the three people left trapped were alive and gave authorities details on their location, according to Justice's office.Rescue teams were unable to locate them overnight Monday. Rescuers expanded their search on Tuesday after removing standing water from the mine and pumping in fresh air, the statement from the governor's office said. 818
Back by popular demand, Applebee's is once again offering cheap drinks all month long.The company is offering margaritas for the entire month of April. They originally ran this promotion in October but brought it back.There isn't even a time limit on the drinks. They're available from open to close at every location."It's seriously just - 100 pennies, that's all," the company said in a release."go ahead, put that dollar burning a hole in your pocket to good use and buy yourself something delicious." 518