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The housing market halted at the start of the coronavirus pandemic in the United States, but now that sector of the economy is seeing the strongest recovery.“Housing economist have been optimistically surprised by the return of buyers to the market,” said Zillow Economist Skylar Olsen. “The overall availability of inventory is more constrained now than it was last year and that is putting upward pressure on prices, meaning that prices are stable.”Over the last few weeks, realtors like Michelle Pfeffer in New York City have noticed not only a strong market, but a new trend with the most competitive sales being homes located in the suburbs.“A lot of properties that are coming on the market are having showings within a couple of days and a lot of multiple offer situations,” Pfeffer said about homes in the suburbs. “We are definitely seeing more people moving out of the city.”Lingering uncertainty around the pandemic, and a possible second round of closures and self-quarantines have motivated many of these moves.“We are getting people who have been in quarantine for a couple of months now in small quarters and maybe have decided that it is more of a priority to have a yard and space,” Pfeffer added. “Also, because we have had a big technological shift, companies that weren’t offering remote work options previously were sort of forced into it and found that it was effective. Which means that they don’t have to be in the office every day and it gives them the opportunity to live in further distances.”According to research by Zillow, New York City, Miami, and San Jose are so far one of three cities seeing the trend of a substantially higher number of people moving out of the city and to the suburbs.Economist at Zillow are monitoring sales and home searches to see if this is a trend that will spread to other major cities or not, in addition to other possible trends the pandemic may cause in the housing market.“This experience can bring a lot of changes to housing, but it is a little bit too early to see how we’ll actuate that out and you can imagine a lot of different ways that can play out,” said Olsen. 2141

The jurors who convicted James Fields of murder could soon decide whether they think he should spend the rest of his life behind bars.Fields, 21, was attending last year's "Unite the Right" rally in Charlottesville, Virginia, when counterprotesters demonstrated against the white nationalists. That afternoon, Fields got in his Dodge Challenger and plowed into the counterprotesters at about 28 mph, killing 32-year-old Heather Heyer.The Charlottesville jury found Fields guilty of first-degree murder Friday. Fields was also found guilty of eight counts of malicious wounding and one count of failing to stop at an accident involving a death.On Monday, jurors will begin the sentencing phase of Fields' trial. Ultimately, Judge Richard Moore will decide Fields' sentence, but will consider the jury's recommendation.Jurors are expected to hear victim impact statements, possibly from Heyer's family or surviving victims from the August 2017 attack.Heyer, a 32-year-old paralegal, was devoted to helping people and had a passion for justice, her family said.Heyer's friend Marissa Blair attended the counterprotest with her and said Heyer fought against bigotry."If you knew Heather, you would know that she loves everyone and all she wants is equality for everyone, no matter who you love, no matter what color you are," Blair said.It's not clear when the judge will formally sentence Fields for the murder of Heyer.But in addition to the state charges, Fields also faces 30 federal hate crimes charges. The next step in his federal case is a status conference on January 31.The-CNN-Wire 1596

The Nasdaq closed in correction on Wednesday, with tech stocks sinking following disappointing results from Texas Instruments and AT&T.The index finished down about 4%. The Dow was down slopped about 600 points Wednesday afternoon.Microsoft (MSFT) will report its results after the closing bell Wednesday and analysts are estimating that the company will report an increase of nearly 15% for both sales and earnings per share, thanks largely to strength in its cloud business.Netflix already kicked off tech earnings season last week when it reported a healthy jump in subscribers. But the party was short-lived for it and fellow FANG stocks Facebook, Amazon and Google.Netflix (NFLX) rose more than 5% the day after its earnings report but has fallen 9% since then."You can't just say tech is going to do great or even that FANG is going to do great. You have to be more selective," said Daniel Morgan, senior portfolio manager with Synovus Trust Company.  974

The president has signed the covid relief/government funding bill, several sources told me.— Jake Sherman (@JakeSherman) December 28, 2020 152

The Orange County Zoo is evacuating animals and staff because of a fast-moving wildfire in Southern California.About 150 animals are temporarily relocating to the Santa Ana Zoo.The animals include bears, goats, mountain lions, bobcats, coyotes, and various birds of prey. The Orange County Zoo is part of an area under mandatory evacuation orders from the Silverado Fire. 379