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With the COVID-19 pandemic creating a demand for homes across the country, housing prices are on the rise.The median price for a single-family home increased to more than 3,000 between July and September, a figure that's increased 12% in the last year.According to Danielle Hale, the Chief Economist at Realtor.com, housing prices increase when there are a large number of buyers and not a lot of homes for sale."With the pandemic, we've actually seen these trends be exacerbated," Hale said. "We have even more buyers in the market, as people are looking for more space and possibly to get out of crowded apartments and into a single-family home where they've got a yard and some outdoor space and room to live and work and play all at home."Hale says prices are up because there aren't enough new homes under construction — a possible overcorrection from the housing market crash 12 years ago when there was more construction than was needed, and the loan market went without the regulation in place today.Hale says that home prices are now rising in a way that could eventually impact affordability."Home prices are rising, but this pace of increase may not be sustainable, especially if mortgage rates steady or start to rise," she said. "The important thing to think about is that regardless of the macro-economic context, you want to look at your personal financial situation."Experts say the best way to become immune to a housing bubble is for buyers to make sure their financial situation can handle monthly mortgage payments long-term, even in the event of job loss. 1587

YOUNGSTOWN, Ohio — Five children are dead following a fire Sunday at a home on the south side of Youngtown, Ohio.The fire broke out around 11:30 p.m. at a home in the 400 block of Parkcliffe Avenue.Five children died— two died inside the house and three died at the hospital— ABC affiliate WYTV confirmed to WEWS.The ages of the children are 9, 3, 2 and a set of 1-year-old twins, according to WYTV.One firefighter was treated at the scene and another one was treated and released from the hospital.Their mother was also injured in the fire. She escaped and was taken to the hospital with her condition unknown, according to WYTV. 648

Worldwide markets plummeted again Thursday, deepening a weeklong rout triggered by growing anxiety that the coronavirus will wreak havoc on the global economy. The sweeping selloff pushed the Dow Jones Industrial Average down nearly 1,200, its biggest one-day drop ever.The benchmark S&P 500 dropped down4.4% Thursday, its worst one-day drop since 2011.The S&P 500 has now plunged 12% from the all-time high it set just a week ago. That puts the index in what market watchers call a "correction," which is decline of at least 10% from a high. The six-day correction is the fastest in history.Stocks are now headed for their worst week since October 2008, during the global financial crisis.The losses extended a slide that has wiped out the solid gains major indexes posted early this year. Investors came into 2020 feeling confident that the Federal Reserve would keep interest rates at low levels and the U.S.-China trade war posed less of a threat to company profits after the two sides reached a preliminary agreement in January. Even in the early days of the outbreak, markets took things in stride.But over the past two weeks, a growing list of major companies issued warnings that profits could suffer as factory shutdowns across China disrupt supply chains and consumers there refrain from shopping. Travel to and from China is severely restricted, and shares of airlines, hotels and cruise operators have been punished in stock markets. As the virus spread beyond China, markets feared the economic issues in China could escalate globally.One sign of that is the big decline in oil prices, which slumped on expectations that demand will tail off sharply."This is a market that's being driven completely by fear," said Elaine Stokes, portfolio manager at Loomis Sayles, with market movements following the classic characteristics of a fear trade: Stocks are down. Commodities are down, and bonds are up.The Dow dropped 1,190.95 points, its largest one-day point drop in history, bringing its loss for the week to 3,225.77 points, or 11.1%. To put that in perspective, the Dow's 508-point loss on Oct. 19, 1987, was equal to 22.6%. Bond prices soared again Thursday as investors fled to safe investments. The yield on the benchmark 10-year Treasury note fell as low as 1.246%, a record low, according to TradeWeb. When yields fall, it's a sign that investors are feeling less confident about the strength of the economy.Stokes said the swoon reminded her of the market's reaction following the Sept. 11, 2001 terrorist attacks."Eventually we're going to get to a place where this fear, it's something that we get used to living with, the same way we got used to living with the threat of living with terrorism," she said. "But right now, people don't know how or when we're going to get there, and what people do in that situation is to retrench."The virus has now infected more than 82,000 people globally and is worrying governments with its rapid spread beyond the epicenter of China.Japan will close schools nationwide to help control the spread of the new virus. Saudi Arabia banned foreign pilgrims from entering the kingdom to visit Islam's holiest sites. Italy has become the center of the outbreak in Europe, with the spread threatening the financial and industrial centers of that nation.At their heart, stock prices rise and fall with the profits that companies make. And Wall Street's expectations for profit growth are sliding away. Apple and Microsoft, two of the world's biggest companies, have already said their sales this quarter will feel the economic effects of the virus.Goldman Sachs on Thursday said earnings for companies in the S&P 500 index might not grow at all this year, after predicting earlier that they would grow 5.5%. Strategist David Kostin also cut his growth forecast for earnings next year.Besides a sharply weaker Chinese economy in the first quarter of this year, he sees lower demand for U.S. exporters, disruptions to supply chains and general uncertainty eating away at earnings growth.Such cuts are even more impactful now because stocks are already trading at high levels relative to their earnings, raising the risk. Before the virus worries exploded, investors had been pushing stocks higher on expectations that strong profit growth was set to resume for companies after declining for most of 2019. The S&P 500 recently traded at its most expensive level, relative to its expected earnings per share, since the dot-com bubble was deflating in 2002, according to FactSet. If profit growth doesn't ramp up this year, that makes a highly priced stock market even more vulnerable.Goldman Sach's Kostin predicted the S&P 500 could fall to 2,900 in the near term, which would be a nearly 7% drop from Wednesday's close, before rebounding to 3,400 by the end of the year.Traders are growing increasingly certain that the Federal Reserve will be forced to cut interest rates to protect the economy, and soon. They are pricing in a 96% probability of a cut at the Fed's next meeting in March. Just a day before, they were calling for only a 33% chance, according to CME Group.The market's sharp drop this week partly reflects increasing fears among many economists that the U.S. and global economies could take a bigger hit from the coronavirus than they previously thought.Earlier assumptions that the impact would largely be contained in China and would temporarily disrupt manufacturing supply chains have been overtaken by concerns that as the virus spreads, more people in numerous countries will stay home, either voluntarily or under quarantine. Vacations could be canceled, restaurant meals skipped, and fewer shopping trips taken. "A global recession is likely if COVID-19 becomes a pandemic, and the odds of that are uncomfortably high and rising with infections surging in Italy and Korea," said Mark Zandi, chief economist at Moody's Analytics. The market rout will also likely weaken Americans' confidence in the economy, analysts say, even among those who don't own shares. Such volatility can worry people about their own companies and job security. In addition, Americans that do own stocks feel less wealthy. Both of those trends can combine to discourage consumer spending and slow growth.MARKET ROUNDUP:The S&P 500 fell 137.63 points, or 4.4%, to 2,978.76. The Dow fell 1,190.95 points, or 4.4%, to 25,766.64. The Nasdaq dropped 414.29 points, or 4.6%, to 8,566.48. The Russell 2000 index of smaller company stocks lost 54.89 points, or 3.5%, to 1,497.87.In commodities trading Thursday, benchmark crude oil fell .64 to settle at .09 a barrel. Brent crude oil, the international standard, dropped .25 to close at .18 a barrel. Wholesale gasoline fell 4 cents to .41 per gallon. Heating oil declined 1 cent to .49 per gallon. Natural gas fell 7 cents to .75 per 1,000 cubic feet.Gold fell 40 cents to ,640.00 per ounce, silver fell 18 cents to .66 per ounce and copper fell 1 cent to .57 per pound.The dollar fell to 109.95 Japanese yen from 110.22 yen on Wednesday. The euro strengthened to .0987 from .0897. 7132

her and fellow Rep. Ilhan Omar from visiting the country."Congresswoman Tlaib has sent tonight a letter to Minister Deri in which she committed to accept all the demands of Israel to respect the restrictions imposed on her in the visit, and she also promised not to advance boycotts against Israel during her visit," Interior Minister Aryeh Deri said Friday in a statement announcing his decision.The request from Tlaib of Michigan came a day after the country barred her and Omar, a freshman Democrat from Minnesota, from entering because of their support of a boycott against Israel. Israel's decision to bar their entry was encouraged by President Donald Trump in a remarkable step both by the US President and his ally, Israeli Prime Minister Benjamin Netanyahu, to punish political opponents.Tlaib had asked Deri for access so that she could visit her relatives, "and specifically my grandmother, who is in her 90s and lives in Beit Ur al-Fouqa. This could be my last opportunity to see her.""I will respect any restrictions and will not promote boycotts against Israel during my visit," Tlaib promised in the letter.The boycott movement, formally known as the Boycott, Divest, and Sanctions (BDS) movement, aims to end international support for Israel because of its policies toward Palestinians, as well as its continued construction of West Bank settlements, considered a violation of international law.Tlaib and Omar have been vocal critics of Israel and have supported the boycott movement, voting against a House resolution condemning the movement, which received broad bipartisan support.Strategic Affairs Minister Gilad Erdan, who leads Israel's fight against the boycott movement, tweeted Friday morning, "The request from Congresswoman Rashida Tlaib to visit her grandmother should be approved. Especially in light of her commitment to abide by Israeli law and not advance boycotts against us."Erdan is one of the members of the forum who met on Wednesday to discuss whether to allow Reps. Tlaib and Omar to enter the country.Ban came after Trump interventionThe announcement Thursday to prohibit the congresswomen from visiting Israel came shortly after Trump said Israel would be showing "great weakness" by letting them in.Trump has criticized the two lawmakers -- who are the first two Muslim women elected to Congress -- in harsh and sometimes racist terms. But his move to call for their ban in Israel reflects a new chapter in his grudge and a further erosion of presidential norms, which in the past sought to avoid instilling partisanship in foreign affairs.Trump's comments left Israel with little wiggle room, especially for Netanyahu, who has never publicly disagreed with Trump."The plan of the two Congresswomen is only to damage Israel and to foment against Israel," Netanyahu said in a statement following the decision.Omar responded to the decision Thursday slamming it as "an insult to democratic values.""It is an affront that Israeli Prime Minister Netanyahu, under pressure from President Trump, would deny entry to representatives of the U.S. government," Omar said in a statement. "Trump's Muslim ban is what Israel is implementing, this time against two duly elected Members of Congress."Omar went on to say, "As a member of the House Committee on Foreign Affairs, it is my job to conduct oversight of foreign aid from the United States of America and to legislate on human rights practices around the world. The irony of the 'only democracy' in the Middle East making such a decision is that it is both an insult to democratic values and a chilling response to a visit by government officials from an allied nation."Israel's decision to deny entry to the two freshmen congresswomen was a turnaround of a position taken last month when the country's Ambassador to the United States Ron Dermer said the pair would be permitted to visit Israel and the Palestinian territories. 3915

You remember The Dress. You remember The Shoes. The questionable colors of those items sparked arguments and tested friendships around the world. Poor lighting and flash photography may have led to the confusing hues and shades in those memes. But now, the internet seems hopelessly divided over an intrinsic fact of one of the world's most ordinary items.Is a tennis ball green? Or is it yellow?The debate seems to have began when The Atlantic posed the question in a pice back in February, but the discussion really took off when legendary tennis player Roger Federer was posed the question by media members on Monday.  644