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Sales of existing homes are up nearly 21 percent over a year ago, September sales were about 9.4 percent higher than just the month before.The National Association of Realtors says there were more than 6.5 million sales of single-family homes, townhomes, condominiums and co-ops in the month of September. The median price for these sales was 1,800. The monthly median sale price has increased for 103 months in a row, according to the NAR.There were 5.4 million sales of existing homes in September 2019, with a median sale price of 1,500.Home-buying continues to be a bright spot in the economy during the coronavirus pandemic."Home sales traditionally taper off toward the end of the year, but in September they surged beyond what we normally see during this season," said Lawrence Yun, NAR's chief economist, in a press release. "I would attribute this jump to record-low interest rates and an abundance of buyers in the marketplace, including buyers of vacation homes given the greater flexibility to work from home."In fact, the NAR says sales in so-called vacation destination counties have increased 34 percent year-over-year.However, supply is dwindling. The NAR estimates there is only about a 2.7-month supply of unsold existing homes given the current sales pace. That’s down from a 3-month supply in August and a 4-month supply from a year ago."There is no shortage of hopeful, potential buyers, but inventory is historically low," Yun said. "To their credit, we have seen some homebuilders move to ramp up supply, but a need for even more production still exists."For homes being listed for sale, about 70 percent were on the market for less than a month. 1683
SAN DIEGO - A student at West Hills High School in California was arrested on suspicion of making terrorist threats after allegedly posting a threat on social media that included a picture of a Lego rifle. 223
San Antonio Spurs coach Gregg Popovich had some words to say about Fox News anchor Laura Ingraham after she told LeBron James to "shut up and dribble" on Sunday.Before Sunday's game, Popovich told reporters?he doesn't tell LeBron what to talk about any more than anyone else, calling Ingraham's comments, "an unbelievable show of arrogance for a talking head to try to tell someone else if they can speak."RELATED:?LeBron James and Kevin Durant get candid during ride-along through AkronRELATED: Fox News anchor to LeBron James: 'Shut up and dribble' 599
SAN DIEGO (AP) — A son of one of the founders of the Sinaloa drug cartel has appeared in a U.S. court on trafficking and other charges after he was extradited from Mexico. A lawyer for Ismael "El Mayito Gordo" Zambada-Imperial says he pleaded not guilty to the charges in the federal court in San Diego and his next court hearing is scheduled for Feb. 7. Zambada-Imperial is accused of smuggling large quantities of cocaine and marijuana from Mexico to the United States, as well as the laundering of profits from the illegal drug trade. RELATED: Son of Mexican drug lord Joaquin 'El Chapo' Guzman at center of shootoutHe was arrested in 2014 on weapons charges.Zambada-Imperial's father, Ismael “El Mayo” Zambada Garcia, was reportedly a partner of Joaquin “El Chapo” Guzman. Guzman was extradited to the U.S. and convicted in Brooklyn in February. He's now serving a life sentence in a federal prison in Colorado.Zambada Garcia is reportedly still at large, according to the FBI. 989
SAN DIEGO (AP) — A San Diego military court hearing has been postponed in the case of a Navy SEAL accused of killing an Islamic State prisoner in Iraq. The defense had been expected to seek dismissal of the case Wednesday but instead asked for a continuance, which the judge granted. 292