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Denver housing market takes hit of higher mortgage rates in August without cracking

Published Wed, 26 Feb 2025 10:14:58 GMT

Mortgage rates hit a 22-year high last month, surging to 7.5% on a 30-year loan before falling back to around 7% on news of slower-than-expected job gains this month.And while those higher mortgage rates weighed heavily on metro Denver’s housing market in August, they didn’t break it, according to a monthly update from the Denver Metro Association of Realtors.“The majority of sellers found themselves negotiating to get their homes under contract,” Nicole Rueth, a DMAR Market Trends Committee member and local mortgage professional, said in a video post accompanying the report.The number of home and condo sales fell 2% last month to 3,792 and for the year the sales count is down 16.1%. Sellers obtained 99.46% of the list price last month versus 99.89% in July. The median number of days listings took to find a buyer rose significantly, from 9 to 11, a 22% jump.Concerns over a tougher market ahead may have motivated some sellers to speed things up. New listings, ...

Couple reunited with cat 26 days after Alaska home collapsed into river

Published Wed, 26 Feb 2025 10:14:58 GMT

A pair of Alaska teachers needed good news after they lost nearly all their possessions when their house collapsed into a river swollen by a glacial outburst flood and their cat went missing.Elizabeth Wilkins was holding onto hope that if any animal would survive the house falling into the Mendenhall River on Aug. 5, it would be Leo, the couple’s resilient big-eyed, black-and-white cat who shows no fear of bears.“I knew that he’s pretty smart, and so I felt pretty confident that he would escape and be OK somewhere,” she said.That faith paid off 26 days after the flood when Tonya Mead posted a photo of Leo to the Juneau Community Collective Facebook page. Wilkins immediately knew it was Leo, the “COVID kitten” they rescued in 2020. She rushed to meet Mead. Delta flight returns to Atlanta after alleged diarrhea incident “I just started walking down the street calling for him, and he just ran out and was like, ‘Oh hey, here I am, you know, like, where have you been?’” she said.The ri...

Three-bedroom home sells in Fremont for $1.5 million

Published Wed, 26 Feb 2025 10:14:58 GMT

39485 Seascape Road – Google Street ViewThe property located in the 39400 block of Seascape Road in Fremont was sold on July 14, 2023. The $1,510,000 purchase price works out to $996 per square foot. The house, built in 1962, has an interior space of 1,516 square feet. The layout of this single-story house includes three bedrooms and two baths. In addition, the house includes a garage.Additional houses that have recently been purchased close by include:On Royal Palm Drive, Fremont, in July 2023, a 1,325-square-foot home was sold for $1,451,000, a price per square foot of $1,095. The home has 3 bedrooms and 2 bathrooms.In March 2023, a 1,900-square-foot home on Cleveland Place in Fremont sold for $1,600,000, a price per square foot of $842. The home has 5 bedrooms and 3 bathrooms.A 1,325-square-foot home on the 39600 block of Whitecap Way in Fremont sold in February 2023, for $1,280,000, a price per square foot of $966. The home has 3 bedrooms and 2 bathrooms. 

Golden Gate Bridge nears last phase of quake upgrades

Published Wed, 26 Feb 2025 10:14:58 GMT

Golden Gate Bridge officials are preparing to launch the final and largest phase of a decades-long project to make the 85-year-old structure withstand stronger earthquakes.The Golden Gate Bridge, Highway and Transportation District plans to select a construction contractor later this year to begin preliminary work on the estimated $880 million final phase. The project will upgrade the main span and the towers and allow the bridge to withstand a magnitude 8.3 quake, which would be comparable to the destructive 1906 San Francisco earthquake.“For us, we really are going through one of the most important undertakings on this bridge,” said district engineer Ewa Bauer-Furbush. “That’s the project for us.”The seismic retrofit project, which was launched in 1997, was prompted by the Loma Prieta earthquake in 1989. The 15-second, 6.9-magnitude quake caused major damage to bridges and highways, including the collapse of the top deck of the Bay Bridge and the Cypress Street viaduct in Oakland....

Boeing relocating 250 C-17 jobs out of California

Published Wed, 26 Feb 2025 10:14:58 GMT

Boeing is moving an estimated 250 C-17-related jobs in management, engineering, supply chain, finance and contracts from Long Beach to other regions of the country.The shift, the company said, is aimed at bringing the operations closer to Boeing suppliers and customers and “creating a synergy with other Boeing locations.”Lynette McKinnon, an executive at Boeing, wrote in an Aug. 29 memo to employees that the positions would be moved to a variety of cities, including San Antonio and Dallas, Texas, Mesa, Arizona, Oklahoma City, Warner Robbins, Georgia, and Fort Walton Beach, Florida.The relocation will be conducted in phases, McKinnon wrote, beginning in the third quarter of 2023 and running through early 2025.About 450 C-17 workers associated with the design, development, procurement and delivery of the aircraft’s flight deck modernization program will remain in Long Beach.“We’re trying to benefit not only Boeing but our employees as well,” Boeing Global Services spokesman Barry Edwa...

Gary Wright, singer-songwriter known for ‘Dream Weaver,’ dies at 80

Published Wed, 26 Feb 2025 10:14:58 GMT

Gary Wright, a singer-songwriter best known for the 1970s hits “Dream Weaver” and “Love Is Alive,” died this week at his home in Palos Verdes Estates. He was 80.Family members said Wright, who had Parkinson’s disease and Lewy body dementia for the past several years, was surrounded by loved ones in his final moments. Word of his death, on Monday, Sept. 4, quickly spread, with fans and fellow musicians sharing their memories on social media.The artist, who helped establish the synthesizer as a leading instrument in rock and pop music, released his “The Dream Weaver” solo album in 1975. The songs “Dream Weaver” and “Love is Alive” were multi-platinum hits.Prior to that, he was a founding member of the U.K.-based band Spooky Tooth.Wright’s career also included several notable collaborations with other musicians, including work he did with George Harrison of The Beatles, detailed in the 2014 memoir, “Dream Weaver: Music, Meditation, and My Friendship with George Harrison.”Fellow singer-...

Did you know that dog diversity is down to 1% of their DNA?

Published Wed, 26 Feb 2025 10:14:58 GMT

Hello, I’m Canelo (A509762), a sweet and friendly 2-year-old Doberman Pinscher in search of a loving new home. With my sleek red and tan coat and my goofy demeanor, I’m ready to win your heart over. If you’re seeking a loyal and affectionate companion who will bring joy and warmth to your life, I’m your guy! Plus, I’m available to a 10-day adoption trial. (Photo courtesy of Pasadena Humane)  If you spend a morning at the Del Mar dog beach, you will find it shocking that all dogs are descended from wolves.Our family’s recent vacation in San Diego gave me newfound appreciation for pooch variety. Of course, I see many different types of dogs at the shelter every day. But rarely do I see so many dogs freely running, playing and sniffing together.Open spaces where such a great number of canines congregate off-leash are hard to find (I remind you that it is illegal for dogs to run off-leash in our service areas). But I must admit, dogs’ varied physical traits and personalities r...

California couple fatally shot in parked car with infant in backseat

Published Wed, 26 Feb 2025 10:14:58 GMT

A couple was killed and their 1-year-old child barely escaped serious injury when gunfire struck them as they sat in their car in Los Angeles’ Harbor City neighborhood late on Monday, Sept. 4.Carlos Loera, 21, and Ashley Guzman, 18, died after someone opened fire on their parked car around 6:30 p.m., said Captain Keith Green of LAPD’s South Bureau homicide unit.Loera was in the driver’s seat and Guzman was in the passenger seat, Green said. Loera died at the scene from his injuries. Guzman was taken to a hospital, where she also died.Their child was in a car seat in the back of the vehicle. The baby was struck by what investigators believe was a small bullet fragment. The fragment did not pierce the baby’s skin, Green said.“(The child) was very fortunate,” he said.Police investigate an Infiniti sedan that had been shot at after a shooting left two people dead in Harbor City on Monday, Sept. 4, 2023. (Photo by Raphael Richardson, Contributing Photographer) The infant was t...

Manjoo: Kia and Hyundai helped enable crime wave. They should pay for it

Published Wed, 26 Feb 2025 10:14:58 GMT

In a recent analysis of data from 37 American cities, the Council on Criminal Justice, a nonpartisan think tank, suggested a hopeful trend — the national pandemic-era spike in crime may have peaked.But there’s a glaring exception: auto thefts. According to the Council on Criminal Justice, “The number of vehicle thefts during the first half of 2023 was 33.5% higher, on average, than during the same period in 2022 — representing 23,974 more vehicle thefts in the cities that reported data.”Why are so many cars getting stolen? Police departments and city officials point to this: Millions of Kias and Hyundais are ridiculously easy to steal.For years now, most automakers have equipped most of the cars they sell in the United States with electronic immobilizers, devices that prevent cars from starting unless they detect a radio ID code associated with the car’s rightful key. But Hyundai and Kia, which come under the same South Korean conglomerate, did not install this basic device in somew...

Core & Main: Fiscal Q2 Earnings Snapshot

Published Wed, 26 Feb 2025 10:14:58 GMT

ST. LOUIS (AP) — ST. LOUIS (AP) — Core & Main Inc. (CNM) on Wednesday reported fiscal second-quarter net income of $110 million.On a per-share basis, the St. Louis-based company said it had net income of 66 cents.The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share.The distributor of water and fire protection products posted revenue of $1.86 billion in the period, meeting Street forecasts.Core & Main expects full-year revenue in the range of $6.6 billion to $6.8 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CNM at https://www.zacks.com/ap/CNMSource