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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

MARATHON, Fla. -- Several dozen endangered sea turtles were flown from New England to Florida and are receiving treatment for something called “cold stunning.”The young sea turtles became stranded on beaches near Cape Cod, Massachusetts after overexposure to cold water. Being exposed to cold water for too long can result in a hypothermic reaction called “cold stunning,” and can cause turtles to stop eating and swimming.They were flown to the warmer climate of Florida over the Thanksgiving weekend and are being treated at various aquariums, turtle hospitals and facilities. Some of them may have to stay at the facilities for up to a year for testing and treatment.About 40 young Kemp Ridley sea turtles were taken to the Turtle Hospital in Marathon, Florida. Another two dozen were taken to other marine centers, including the Florida Aquarium in Tampa.The rescue was made possible by a group of private pilots called “Turtles Fly Too,” who donated their planes, fuel and time to transport the animals. The turtles traveled in towel-lined banana boxes, according to local media. 1092

Millions of older Americans are growing old all alone. As Baby Boomers age, and start losing loved ones, loneliness can take its toll.The issue is becoming such a concern some national organizations are stepping in.“This was the one thing I said when I retire, I want to do Meals on Wheels,” says volunteer Donna Reuss.Reuss has been volunteering for the organization Meals on Wheels for six years. She not only brings seniors a free meal, but she’s often the only person they really interact with for weeks at a time.“One of the things that really surprised me when I first started this was how many seniors live alone,” Reuss says.Loneliness can have a big impact on their health. Research shows that lacking social connections can be as harmful to someone’s health as smoking 15 cigarettes a day.“It's a much bigger problem I think than people realize,” says Mary Lee Anderson, with Senior Services of Alexandria.Anderson’s nonprofit organization helps deliver food for Meals on Wheels. She’s helping with a new pilot project that lets volunteers delivering meals use a cell phone app to report any changes in behavior or concerns they notice while visiting with a senior.“It lets our volunteers, if they notice a problem, report it right on their phone,” she explains. “That information is sent back to us at the office and we can then contact the individual who is responsible, a family member or their city social worker if they don't have a close family member.”The pilot program is currently being tested in 10 cities across the country, and it’s expected to expand to another 50 cities early next year. 1619

MALIBU (CNS) - Music mogul Simon Cowell was hospitalized Sunday after falling off an electric bicycle at his Malibu home and suffering a broken back.Cowell, 60, was testing a new electric bike, a representative told People Magazine."He hurt his back and was taken to the hospital. He's doing fine, he's under observation and is in the best possible hands," the rep told the magazine."Simon had surgery overnight and is doing OK this morning," a source elaborated to People on Sunday. "It was a five-hour surgery and he has had to have a number of fusions and metal rod put into his back. He landed on his back when he fell from the bike. The injuries are bad but he's also been told he was lucky."Cowell will not appear on Tuesday's live taping of "America's Got Talent" -- the show's first in months after being shut down during the COVID- 19 pandemic, Variety reported Sunday. 886

MEXICO CITY (AP) -- Mexico's top coronavirus official says definitive data on the death toll from COVID-19 won't be available for "a couple of years."The statement Sunday by Assistant Health Secretary Hugo López-Gatell is likely to revive debate about Mexico's death toll, currently at 76,430, the fourth-highest in the world.Officials acknowledge the figure is an undercount, because Mexico does very little testing. But the federal government has avoided adjusting its death toll upward to account for people who died at home or weren't tested.Some parts of the country like Mexico City have found "excess deaths" likely caused by coronavirus were at least double official figures. 691