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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
MILAN (AP) — The Mount Etna observatory says lava and ash are spewing from a new fracture on the active Sicilian volcano amid an unusually high level of seismic activity.The Etna observatory said a swarm of 130 tremors have been recorded by Monday midday, the most powerful registering a magnitude of 4.0. It reported lava flows from the volcano and said a new fracture had opened near its southeast crater.The owner of a refuge on the volcano says hikers are being brought down from higher elevations to 1,900 meters (6,230 feet) for their safety. But there are no reports of injuries, and so far the spewing ash was not causing disruptions to residents of nearby towns and cities.Etna, the largest of Italy's three active volcanoes, has been particularly active since July. 783

Many couples are overcoming impossible odds during the coronavirus pandemic to tie the knot. Lindsay Clowes and Alex Leckie decided to take their ceremony to the edge in order to get married while guests stayed safe.The edge being the border between the United States and Canada, which is closed while coronavirus cases continue to climb.The Canadian couple held their October 10 ceremony on the water between the two countries, so friends and family from both sides of the border could attend.Some watched from St. Stephen Wharf in New Brunswick, Canada, while others were on the banks of the St. Croix River in Calais, Maine.Clowes’ grandparents got VIP seating, on a boat in the middle of the river. 710
Many of us like to enjoy an ice-cold soda, but have you wondered what might be lurking on the soda dispensers, from the older ones to the new machines with one central nozzle?Scripps reporters took swabs from five types of locations: a movie theater, a fast food restaurant, a fast casual restaurant, a gas station and a hospital cafeteria to see just how clean or dirty some soda fountains are.The swabs were sent to a food safety lab.Dr. Helene Ver Ecke, a microbiologist at Metropolitan State University of Denver, studied the results. "So it is concerning that that particular species was found to be prevalent," said Ver Ecke as she looked over the results. She said some of the levels concerned her."But forty five hundred thousand CFUs is a lot," she said.Here is what was found. The test at a gas station seemed to be the most in the clear.The results:GAS STATION: 941
Lowe's will host two pandemics friendly drive-thru curbside trick-or-treat events at all its locations the week of Halloween.The home improvement company announced they would host the events on Oct. 22 and Oct. 29 from 6-7 p.m."We know that customers still want to celebrate Halloween, even if the holiday may look different for us this year. While the pandemic has changed many elements of everyday life, the tradition of trick-or-treating doesn't have to be one of them," said Joe McFarland, Lowe's executive vice president of stores, in the press release. "Our associates take great pride in serving our communities, and as we all find new ways to safely celebrate the holiday, we look forward to welcoming families to our drive-through curbside trick-or-treating events this year."To reserve yourself a spot for their Halloween experience, you must sign-up on their Lowe's DIY website. Sign-ups begin Saturday, Lowe's said.Families will receive free candy and a small pumpkin. Lowe's says costumes are encouraged, but you don't have to wear one to attend the event. 1077
来源:资阳报