LOS ANGELES (AP) — Homeowner equity climbed to record highs in the first half of this year, though its rate of growth is slowing as the housing market cools. Average homeowner equity per borrower reached $298,380 in the second quarter, according to data from CoreLogic. That works out to $3.6 trillion in equity gained by U.S. homeowners with a mortgage, which represent about 63% of all homes, the real estate information company said. Average homeowner equity jumped 25.3% from the second quarter last year and rose 6.6% from the first three months of this year. That’s a smaller year-over-year and quarterly increase than in the first three months of 2022, reflecting a more moderate pace of home price growth as the housing market has cooled amid sharply higher mortgage rates. Sales of previously occupied U.S. homes fell in August for the seventh month in a row, according to the National Association of Realtors. Home prices, which surged around 20% earlier this year, have been … [Read more...] about Homeowners see slower equity gains as housing market cools
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This is a carousel. Use Next and Previous buttons to navigate 2 WASHINGTON (AP) — Average long-term U.S. mortgage rates rose this week for the sixth straight week, marking new highs not seen in 15 years, before a crash in the housing market triggered the Great Recession. Mortgage buyer Freddie Mac reported Thursday that the average on the key 30-year rate climbed to 6.70% from 6.29% last week. By contrast, the rate stood at 3.01% a year ago. The average rate on 15-year, fixed-rate mortgages, popular among those looking to refinance their homes, jumped to 5.96% from 5.44% last week. Rapidly rising mortgage rates threaten to sideline even more homebuyers after more than doubling in 2022. Last year, prospective homebuyers were looking at rates well below 3%. Freddie Mac noted that for a typical mortgage amount, a borrower who locked in at the higher end of the range of weekly rates over the past year would pay several hundred dollars more than a … [Read more...] about US long-term mortgage rates up for 6th week; 30-year at 6.7%
Click here to read the full article. Two of the most anticipated streaming titles this year — “House of the Dragon” and “The Lord of the Rings: The Rings of Power” — have a familiar ring to them. Both explore untold stories from beloved franchises and are part of a growing trend of reboots and prequels being made to satisfy audiences’ craving for familiarity. Still highly invested in cinematic universes years after the original stories were released, fans want more — and studios are happy to oblige. It’s not just the new properties that benefit, however. Prequels and reboots drive viewers to original titles in a franchise, bringing in longtime loyalists who are happy for a stroll down memory lane, as well as newcomers eager to learn what the fuss is all about. New research from Roku — America’s No. 1 TV streaming platform in terms of hours streamed — examines the search interest effect of prequels and reboots on original TV series. As it turns out, both give franchises a … [Read more...] about Prequel or Reboot: Which Drives More Interest in Franchises?
close Video Fox News Flash top headlines for September 29 Fox News Flash top headlines are here. Check out what's clicking on Foxnews.com. NEW You can now listen to Fox News articles! A Pennsylvania amusement park announced new security measures Wednesday following a shooting that wounded three people , including two teenagers. According to Kennywood Park officials, the new measures are to include more police, more security along perimeter fences, limits on bag sizes and masks covering faces, and require adult chaperones for all juveniles at all times during the park's Phantom Fall Fest, scheduled to run until mid-October. Park officials declined to discuss the investigation into the shooting shortly before 11 p.m. Saturday that followed an altercation between two groups of teenagers near the Musik Express ride at the park in West Mifflin, southeast of Pittsburgh. A male wearing a black hooded sweatshirt and a dark-colored mask was … [Read more...] about Pennsylvania amusement park announces new security changes after shooting
The price of a gallon of gasoline soared overnight in Los Angeles County, rising 16 cents from Wednesday into Thursday, exceeding $6 per gallon throughout the region and continuing a trend that has seen gasoline prices rise 70 cents in one week in the county. Local ABC affiliate KABC-7 reported : The average price of a gallon of self-serve gasoline in Los Angeles County jumped another 16 cents overnight to $6.26, and every county in Southern California is also paying more than $6 a gallon. The average price has increased nearly 70 cents in one week. L.A. County’s 16-cent overnight increase for a gallon of regular gas is the biggest one-day spike in more than seven years. In Orange County, the average is $6.25, while drivers in Riverside County are paying $6.10 a gallon. As Breitbart News noted earlier this week, California drivers are paying about $2 per gallon more than the national average. The gas price is typically higher in California due to taxes and … [Read more...] about Gas Price Soars 16 Cents Overnight in L.A.; 70 Cents in One Week
close Video Tucker Carlson: Experts are demanding you accept responsibility for these natural disasters Fox News host Tucker Carlson weighs in on the devastation caused by Hurricane Ian and calls out liberals and lawmakers for blaming climate change on 'Tucker Carlson Tonight.' NEW You can now listen to Fox News articles! When something this awful happens, something that affects the lives of millions of your fellow Americans, decent people step back for a moment. It's a moment that demands reverence and silence to consider what we've just seen and then the practical questions. People are suffering. How are they suffering? They don't have power. They don't have communications. How many homes were destroyed? You ask questions like that, and you try to assess what this means and the human cost of it. The one thing you don't do is immediately jump forward to score some sort of cheap and sleazy political point from it. That used to be obvious. … [Read more...] about TUCKER CARLSON: Democrats use disasters to punish those who didn’t vote for them