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The rise of all-cash homebuyers, and what it means for the market

Published Thu, 14 Nov 2024 17:48:53 GMT

Mia Taylor | (TNS) Bankrate.comFor many Americans, owning a home is a major life goal. An overwhelming 74% of U.S. adults consider homeownership to be a part of the “American dream,” according to Bankrate’s Financial Security survey. But realizing that dream has become much more challenging recently. It’s not just today’s steep home prices and record-high mortgage rates that are pushing homeownership further out of reach. Lately, there has also been a proliferation of all-cash home purchases, which is making an already daunting market even trickier for hopeful buyers.All-cash homebuyers don’t require a mortgage loan to make a home purchase, instead paying for the home in full, upfront. These types of transactions have skyrocketed to their highest levels in nearly a decade, according to a November 2023 study by Redfin. For buyers who don’t have such deep pockets, it’s yet another obstacle in an already difficult market.The rise of all-cash home purchasesWith record high mortgage rate...

Bruins notebook: Jim Montgomery pumps up Matt Poitras

Published Thu, 14 Nov 2024 17:48:53 GMT

On Saturday, Bruins coach Jim Montgomery showed some tough love to rookie Matt Poitras when he sat him for the third period while the B’s eked out a 5-3 win over the Arizona Coyotes.On Monday, it was time for Montgomery to give the kid figurative hug.“Him and I had a great meeting today,” said Montgomery. “He’s a 19-year-old kid who’s doing really good things to help the Bruins be (18-5-3). There are going to be struggles. There are struggles for everybody. Even (David Pastrnak) has struggles, despite the fact that he’s what, third in scoring? We tried to impress upon him how much we believe in him and how much he has to continue to grow. And those two things are intertwined in his career-long path of success as a Bruin.”Poitras has 5-7-12 totals in 25 games, and had a big helper in the second period that led to Danton Heinen’s goal that held up as the game-winner. But earlier in the game he had a turnover that led t a goal against. When it came time to...

2023 money regrets can pave the way for next year’s goals

Published Thu, 14 Nov 2024 17:48:53 GMT

By Elizabeth Renter | NerdWalletIt’s almost that time, when everyone resolves to do better and achieve more in the coming year. And a new survey suggests that some people may be fueling their 2024 resolutions with the financial regrets of 2023.About two-thirds (67%) of Americans have financial regrets for 2023, according to a NerdWallet survey conducted online by The Harris Poll on Oct. 10-12. And three-fourths (75%) of that group say those regrets will lead to new resolutions in 2024.Every year we face obstacles to our money goals. We may start out with plans to save more and spend less, but life happens. This year began with expenses taking bigger bites out of paychecks, in the form of high inflation. And as the year progressed, increasingly high interest rates added costs to credit card balances and loans, making it more expensive to borrow. Macroeconomic factors like these can be enough to derail financial goals alone, but if they’re paired with job loss, unexpected expenses or ...

Pedestrian killed after hit by multiple cars on I-805

Published Thu, 14 Nov 2024 17:48:53 GMT

SAN DIEGO — A pedestrian was fatally hit by multiple vehicles on northbound Interstate 805 near Kearny Mesa, California Highway Patrol confirmed to FOX 5. All lanes through the area were closed Monday morning.The incident was reported around 5:13 a.m. just south of Clairemont Mesa Boulevard. According to CHP, the pedestrian was hit several times and died on the scene. The drivers of all the vehicles in the incident stopped and authorities are not considering the incident a hit-and-run. Good samaritans save man after motorcycle erupts into flames in National City Details surrounding why the pedestrian was on the freeway are unclear at this time. An investigation into the incident remains ongoing.A SigAlert was issued for the area for major delays ahead of Monday's morning commute. After the collision, traffic was reduced to one lane near the shoulder of I-805 through Kearny Mesa.In a post on X, Caltrans San Diego said the No. 4 lane was reopened just before 9 a.m., improving traffi...

Shai Gilgeous-Alexander wins Northern Star Award as Canada’s athlete of the year

Published Thu, 14 Nov 2024 17:48:53 GMT

After an outstanding year in the NBA and in international play, Oklahoma City Thunder star Shai Gilgeous-Alexander captured the Northern Star Award as Canadian athlete of the year on Monday.Media members across the country vote on the annual award, which is presented by The Toronto Star.Swimmer Summer McIntosh, golfer Nick Taylor, hockey star Connor McDavid, and hammer thrower Camryn Rogers were the other finalists.Born in Toronto and raised in Hamilton, Gilgeous-Alexander, 25, was named to the All-NBA first team last season after averaging 31.4 points in 68 games for the Thunder.Gilgeous-Alexander then led Canada to a bronze medal at the FIBA World Cup in the summer.The country’s best finish in program history at the tournament also earned Canada a berth in the 2024 Paris Olympics, ending a 24-year Summer Games drought.Gilgeous-Alexander is off to a strong start this season. He is sixth in NBA scoring with an average of 30.5 points per game for a Thunder team that sits second ...

Commercial fishermen need more support for substance abuse and fatigue, lawmakers say

Published Thu, 14 Nov 2024 17:48:53 GMT

PORTLAND, Maine (AP) — A federal program that protects the health and wellbeing of commercial fishermen should be expanded to include substance use disorder and worker fatigue, a group of lawmakers from New England and Alaska said.The lawmakers want to expand a federal commercial fishing occupational safety program that funds research and training. The program is designed to help the nation’s fishermen with the often hazardous conditions they face at sea.Republican Sen. Susan Collins of Maine, who is one of the lawmakers pushing for the change, said expanding the program would help fishermen access more safety training and mental health resources. Collins and the lawmakers introduced the proposal late last week.“Every day, our fishermen are faced with demanding and dangerous working conditions that take both a physical and mental toll, all while they work to bring food to the tables of families across the country,” said another member of the group, Democratic Sen. Edward Marke...

Man charged in Fourth of July parade shooting plans to represent himself at trial

Published Thu, 14 Nov 2024 17:48:53 GMT

Waukegan, Ill. (AP) — The man accused of killing seven people at a July Fourth parade in suburban Chicago last year fired his public defenders on Monday and said he plans to represent himself at trial, slated to start in February.Robert Crimo III is charged with 21 counts of first-degree murder, 48 counts of attempted murder and 48 counts of aggravated battery for the shooting in Highland Park, Illinois. Dozens, including children, were injured.Several times, Judge Victoria Rossetti asked if Crimo understood the possible penalties — including consecutive life sentences — if a jury finds him guilty. She suggested he reconsider.Crimo — a 23-year-old man with straight dark hair past his shoulders, wearing a red jail uniform — answered that he understood. The judge asked Crimo if he had any legal education, and he said he had once been an observer in court. In response to the judge’s questioning, Crimo said high school is the highest level of schooling he attained.Rossetti explain...

Woman, 79, dies after being hit by pickup truck in Markham

Published Thu, 14 Nov 2024 17:48:53 GMT

A 79-year-old woman is dead after she was struck by a pickup truck in Markham over the weekend.York Regional Police officers were called to the area of Bur Oak Avenue and McCowan Road at 4 p.m. on Sunday.The woman was rushed to hospital, where she later died.The driver of the pickup truck remained at the scene.No charges have been laid at this point.

Ramaswamy was the target of death threats in New Hampshire that led to FBI arrest, campaign says

Published Thu, 14 Nov 2024 17:48:53 GMT

CONCORD, N.H. (AP) — A New Hampshire man has been accused of sending text messages threatening to kill a presidential candidate ahead of a scheduled campaign event Monday, federal prosecutors said.The U.S. Attorney’s office did not name the candidate. However, a spokesperson for Republican candidate Vivek Ramaswamy said Monday that the texts were directed at his campaign. “We are grateful to law enforcement for their swiftness and professionalism in handling this matter and pray for the safety of all Americans,” Stefan Mychajliw, deputy communications director, said in a statement.The 30-year-old suspect was arrested Saturday and charged with sending a threat using interstate commerce. He was scheduled to appear in court Monday afternoon. A phone number for the man could not be found and the case file did not list an attorney for him. Ramaswamy went on to hold his event at the Roundabout Diner & Lounge in Portsmouth. According to court documents, the man received a t...

French opposition lawmakers reject the government’s key immigration bill without debating it

Published Thu, 14 Nov 2024 17:48:53 GMT

PARIS (AP) — French opposition lawmakers on Monday rejected an immigration bill without debating it, in a major blow to President Emmanuel Macron ’s government, which had championed the proposed law as one of its flagship measures. The government has yet to decide whether to keep pushing for the adoption of the bill intended to strengthen the country’s ability to expel foreigners considered undesirable or withdraw it.Members of all oppositions groups on the left and on the right voted a motion providing that the measure be rejected ahead of any debate at the National Assembly. The motion was adopted by 270 votes against 265. Macron’s centrist government doesn’t have a majority at parliament. The government can now choose to send the text to the Senate for it to continue its difficult legislative journey. It can also ask a commission composed of seven senators and seven lawmakers from the National Assembly to find a compromise on the bill that would still require approval from both h...