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Home prices hit a new all-time high this month. New numbers out today from Realtor.com show the national median listing price is at 9,000, a ,000 increase over last year.But there aren't a lot of homes available.The number for sale across the country is down 33 percent compared to a year ago.Pittsburgh and Los Angeles saw the biggest jump in housing, with respectively a 25% and 24.3% jump in median listing price from this time a year ago.The average listing is on the market for 60 days, marking no change from this time a year ago. 550

Hello! And welcome to Movie...Pass?MoviePass, the ticket subscription company, is buying Moviefone, the 29-year old movie directory service.A lot has changed since Moviefone first started. It's hard to imagine now, but people used to call a number for movie times. Moviefone became so popular that its famous "Welcome to Moviefone" greeting was parodied in a famous "Seinfeld" episode.Moviefone still has a website and app, but it retired the 777-FILM phone service in 2014. (Seinfeld's Kramer must be pleased. "Why don't you just tell me the name of the movie you've selected?")AOL, now part of Verizon, bought Moviefone in 1999 for 8 million. But MoviePass isn't spending nearly as much to get Moviefone. MoviePass majority owner Helios and Matheson Analytics will pay Verizon only about million for Moviefone -- million in cash and a mix of HMNY stock and warrants worth about million, according to a Securities and Exchange filing Thursday.According to Business Insider, MoviePass has also welcomed back service to a handful of AMC theaters in big cities, including San Diego.The service removed 10 of AMC's busiest locations from its app in January to take a "hard position" against theater chain. MoviePass has been seeking a a portion of concessions sales.WHY MOVIEFONE?So why does MoviePass want Moviefone? MoviePass CEO Mitch Lowe told CNNMoney it wanted access to Moviefone's film and TV show content."Our subscribers want to connect with Hollywood and hear more about what's going on in the film industry," Lowe said. "They'd like to have MoviePass recommend movies to them and Moviefone is iconic."Lowe, a co-founder of Netflix and former president of DVD rental kiosk service Redbox, added that he hopes the acquisition will be a "great funnel to attract new members" to MoviePass, which currently has more than 2 million subscribers.Ted Farnsworth, CEO of Helios and Matheson Analytics, added that the marriage of MoviePass and Moviefone will hopefully lead to more advertising revenue."MoviePass is growing at warp speed. Put it and Moviefone together and it gives us more advertising opportunities," Farnsworth said in an interview with CNNMoney. "This is a great strategic move for us."MoviePass arguably needs more ad sales to convince skeptical investors that its business model of buying tickets from theaters and then offering them to subscribers at a discount through monthly and annual subscription plans is viable for the long haul. MoviePass lets people see a movie a day for .95 a month -- it recently cut its price from .95.Shares of Helio and Matheson Analytics have plunged nearly 55% this year. Investors are worried that MoviePass won't be profitable anytime soon.THREAT OF COMPETITIONPart of the problem? We live in an era of so-called peak TV. Netflix, other streaming services and big cable TV networks are churning out more and more quality shows that eat into the time people have to go to movies.Investors also worry that the big chains that MoviePass currently buys tickets from -- AMC, Regal and Cinemark -- may eventually look to cut out MoviePass and launch their own subscription services or other lower-priced deals.Regal, which is now owned by UK-based Cineworld, has experimented with charging more for tickets during peak movie times and less at times when attendance tends to be lighter. Think of it as Uber-style surge pricing, but for movies.And Cinemark unveiled Movie Club, a monthly plan that lets people buy a movie ticket a month for a discounted price of .99, last year.That deal obviously isn't as good as the one a day plan offered by MoviePass. But Cinemark will also allow Movie Club members to roll over unused tickets every month, bring friends at the lower price and offers bargains on concession stand items.Lowe isn't too concerned about competition though. He said he's convinced that MoviePass will continue to work closely with the big chains -- even if Wall Street is nervous."We have to prove we are a driving force in getting more people into theaters. We have to try and put our money where our mouth is," he said. 4118

Hold off on that funeral dirge for Macy's. The department store isn't dead yet.Macy's topped Wall Street's profit forecasts Tuesday and provided a healthy outlook for this year.The results strongly suggest there is still room for traditional stores in the mall in a world increasingly dominated by the likes of Amazon and Walmart.Macy's chairman and CEO Jeff Gennette said the company was "encouraged" by improvement at the company's brick-and-mortar stores and continued growth in online sales.Gennette said digital revenue posted a double-digit percentage increase for the 34th quarter in a row, a run of more than eight years.And the company is still investing heavily in its Bluemercury chain of specialty beauty stores and the discount outlet Backstage. Macy's said it opened 36 Bluemercury stores and 30 Backstage stores last year, even as it closed 16 Macy's stores.Gennette added during a conference call with analysts that Macy's plans to open 100 more Backstage locations this year, including in malls.Macy's is also selling real estate to shore up its balance sheet. The company said it raised 1 million last year and .3 billion over the past three years by getting rid of some stores, warehouses and parking garages.Macy's is also working with real estate company Brookfield Asset Management on other transactions.Macy's said Tuesday it is selling several floors in its State Street store in Chicago to a real estate fund backed by Brookfield for million. Brookfield plans to convert the floors into office space.All this is good news for Macy's. But one analyst said Macy's needs to do more before its turnaround qualifies as a true Miracle on 34th Street."There is a long tail of shops that look dated, are in sub-optimal locations, and where the customer experience is poor. Macy's must remedy this if it is to transform the business," Neil Saunders, managing director of GlobalData Retail, said in a report.Nonetheless, the real estate transactions and improved sales outlook are two reasons Wall Street has fallen in love with Macy's again.The stock surged nearly 12% in early trading before pulling back a bit. Macy's has soared more than 45% in the past six months.Department store chains Kohl's, Nordstrom and JCPenney — which will all report results later this week — rallied as well Tuesday. Another chain, Dillard's, rose 12% too after it also posted strong quarterly results.Investors are clearly betting that Macy's wasn't the only traditional retailer that had a happy holiday season. 2527

Glen “Big Baby” Davis, former NBA player best known for his role on the 2008 championship Boston Celtics, was arrested at a Hampton Inn in Aberdeen, Maryland last month.According to court records, the hotel owner smelled marijuana coming from Davis' room on February 7th.When the owner knocked on room 208, someone inside the room told him to “F--- off!”Aberdeen police then responded to the hotel and Davis gave signed consent to search his room"They recovered 126 grams of marijuana,” said Aberdeen Police Lieutenant William Reiber, “In addition to that there was a brief case that contained ,164 of U.S. currency along with a ledger that contained language which is consistent with someone involved in the sale and distribution of narcotics."The ledger was of names of people of who owed money along with baggies for individual packaging of a quarter pound of marijuana.The strains were called "Sour D" and "Berry," all from a Los Angeles wholesaler court records show Davis told police he was in business with.It all resulted Davis’ arrest followed by an indictment weeks later on seven counts of drug possession and distribution.Aberdeen Police say it was during the booking process when it became apparent who Davis is in the sports world.He told officers he was in Harford County, Maryland visiting family."There was a statement that was made about the purpose of the trip but at the end of the day we don't know exactly,” Lt. Reiber said, “There was an investigation, it is still ongoing. It is still making its way through the justice system "Davis' attorney, who could not do an on-camera interview about this case said that Mr. Davis adamantly maintains his innocence and looks forward to his day in court to clear his good name. Glen “Big Baby” Davis is due in a Bel Air courtroom early next month. 1836

Gov. Gretchen Whitmer went to Delaware to meet with Joe Biden as he neared the announcement of his vice presidential choice, two high-ranking Michigan Democrats tell The Associated Press. The officials, who spoke on the condition of anonymity, say Whitmer visited Biden last Sunday. It's his first confirmed in-person meeting with a potential pick. Whitmer, the first-term governor of a battleground state, has long been on his short list of possible running mates. Flight records show a chartered flight left Lansing’s Capital Region International Airport for Delaware Coastal Airport at 5:33 p.m. and returned at 11:16 p.m. 633