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Average home price to end the year 4.8% lower than 2022, will rise 4.7% in 2024: CREA

Published Wed, 12 Feb 2025 09:55:41 GMT

The Canadian Real Estate Association expects the average price of a home to end the year 4.8 per cent lower than 2022, but says prices will rise by roughly the same amount in 2024.The association’s prediction revealed Friday amounts to an average price of $670,389 this year and $702,214 next year, when prices are expected to increase by 4.7 per cent.The board also foresees home sales falling 1.1 per cent to 492,674 this year and then rising 13.9 per cent to 561,090 in 2024.The forecast accounts for little change in month-over-month sales seen since summer 2022 and the modest monthly gains recorded in February and March, as buyers edged closer to make purchases.“As the spring market heats up and it looks as though some buyers are coming off the sidelines, it’s important to remember that the intense market conditions of recent years have not gone anywhere, they’ve just been on pause,” said Jill Oudil, CREA’s chair, in a press release.The market Canadians are re-entering ha...

Stocks are mixed on big bank profits, worries about rates

Published Wed, 12 Feb 2025 09:55:41 GMT

NEW YORK (AP) — Stocks are mixed Friday as a swirl of competing forces spins Wall Street, from strong profits for financial giants to worries about interest rates and the economy’s strength. The S&P 500 was 0.2% higher in early trading. The Dow Jones Industrial Average was up 39 points, or 0.1%, at 34,069, as of 9:45 a.m. Eastern time, while the Nasdaq composite was virtually unchanged.Big banks were helping to lead the way after several of the industry’s titans reported profits for the first three months of the year that blew past analysts’ expectations. They helped kicked off the reporting season for big U.S. companies, where expectations are mostly dismal. Despite such worries, JPMorgan jumped 7.4% after it said profit surged by more than half last quarter. It benefited from the strains unearthed in the banking system last month that shook global markets, because the worries pushed some customers to pull their cash from smaller banks and move it to bigger on...

Chief: Flames out, but Indiana plastic fire still smoldering

Published Wed, 12 Feb 2025 09:55:41 GMT

RICHMOND, Ind. (AP) — Firefighters have doused the flames at a major industrial fire in Indiana fueled by tons of scrap plastics, but crews continue trying to extinguish hot spots, and an evacuation order for people nearby remains in place, the fire chief said Friday.Richmond Mayor Dave Snow tweeted Thursday night that Fire Chief Tim Brown had informed him that “the fire has been fully extinguished ahead of schedule,” but Brown said Friday morning that was not the case.“When I told him it was under control, he thought that meant it was out. He and I spoke this morning, and it was just a difference of definition between him and I,” Brown told The Associated Press.The chief said the fire was “under control” as of Thursday night at the 14-acre former factory site in Richmond, a city of 35,000 about 70 miles (115 kilometers) east of Indianapolis, near the Ohio border.But he said it may be weeks before the fire is considered fully extinguished because plastics continue to smolder in four...

WATCH LIVE | Funeral services for Chicago firefighter Jermaine Pelt

Published Wed, 12 Feb 2025 09:55:41 GMT

CHICAGO — Chicago firefighter Jermaine Pelt will be laid to rest Friday following funeral services on the city's Far South Side.Pelt's funeral comes nearly 24 hours after the department, along with family and friends, said goodbye to Lieutenant Jan Tchoryk, another firefighter who died in the line-of-duty.Words used to describe Pelt include selflessness, bravery and heroism. Pelt died April 4 while battling a fire in the city's West Pullman neighborhood. He was on a hose line inside a burning home, when he went down. His cause of death was smoke inhalation. Pelt joined the department in 2005 and had just recently walked his daughter down the aisle at her wedding.The 49-year-old also had a 6-year-old son. Funeral services held Thursday for fallen CFD Lt. Jan Tchoryk Pelt's visitation Thursday night at the Blake-Lamb Funeral Home came just hours after the funeral for Lt. Tchoryk, who collapsed and died in a high-rise fire in the city's Gold Coast.Pelt ...

Motorcyclist dead following police pursuit in Gary

Published Wed, 12 Feb 2025 09:55:41 GMT

GARY, Ind. — A man on a motorcycle died following a police pursuit in Gary late Wednesday night.Just before 11:30 p.m., a 41-year-old Hammond man, riding on a motorcycle, was heading north on Broadway near Ridge Road when an officer with the Lake County Sheriff's Department attempted to pull him over.Police said there was no visible license plate and the man fled the attempted traffic stop.A pursuit began and the officer lost sight of the motorcycle near 11th and Broadway. Near that intersection, the motorcycle crashed into a car, which caused the vehicle to roll over.A passenger was transported to a hospital for lacerations to her head and a 6-year-old was transported for observation. 1 dead in Northwest Indiana house fire It was determined the driver of the motorcycle was thrown and struck a building near 5th and Broadway. He was later pronounced dead.Police said the investigation is ongoing.

Hunter Biden is out from the shadows

Published Wed, 12 Feb 2025 09:55:41 GMT

(The Hill) -- After former President Donald Trump learned he was being indicted late last month, he took to the Truth Social platform to ask a question he and other Republicans have posed many times: “Where’s Hunter?” Trump was referring to Hunter Biden, the president’s son, who has been under federal investigation in recent years for tax fraud and alleged unethical relationships with foreign governments.The former president and his allies have seized on Hunter Biden, seeking to make the case that the president's son has eluded criminal charges. The question has become a kind of dog-whistle to Trump’s base, even appearing on T-shirts and bumper stickers. “He has totally disappeared!” Trump wrote in a Twitter post in 2019. President Biden's sister Valerie Biden Owens, left, and son Hunter Biden look on as a child hands President Biden a toy Air Force One as he greets people at Dublin International Airport in Dublin, Ireland, on Wednesday, April 12, 2023.During Pre...

Local organizations tell Black birthing stories through poetry

Published Wed, 12 Feb 2025 09:55:41 GMT

AUSTIN (KXAN) — Black Mamas ATX and Torch Literary Arts organized a poetry night in recognition of Black Maternal Health Week and in celebration of National Poetry Month. ‘Breaking Water: An evening of poetry and storytelling’ was inspired by Wangechi Mutu’s Water Woman, and spoke to Black women’s physical and mythical connection to water, specifically during and around the process of childbirth. 'Breaking Water' highlighted the power of art to raise awareness and called others to choose change.Tova Charles, Jennine 'Doc' Krueger, and Qi Dada of Riders Against the Storm shared original poetry along with birth storytellers from Black Mamas ATX.Torch Literary Arts’ mission to "promote the work of Black women by publishing and promoting creative writing by emerging and experienced writers alike" aligns with Black Mamas ATX’s goal to reduce and ultimately eliminate the alarming maternal mortality and morbidity rates among Black women.“Sharing our stories amplifies the full lives of our ...

Obituary: For John Soderberg, new St. Croix River bridge was ‘signature achievement’

Published Wed, 12 Feb 2025 09:55:41 GMT

Half a century ago, John Soderberg led the charge to save the Willow River in Wisconsin.Soderberg, the longtime president and CEO of First National Community Bank in New Richmond, Wis., founded Restore Our Willow River and spearheaded the creation of the Upper Willow Rehabilitation District, which required the signatures of 51 percent of the affected landowners; Soderberg got 62 percent.The skills Soderberg gained during that process were instrumental in his work as a stakeholder in the development of the new St. Croix River bridge south of Stillwater, said his son, Scott Soderberg, who lives in Hudson.“He knew you had to involve all the stakeholders,” Scott Soderberg said. “You had to have people who were knowledgeable and include people who were opposed to it to get things done. Those efforts really paid off for him when it came to the bridge.”The bridge project was “dead as a doornail” when Soderberg joined the St. Croix River Crossing Coalition, a 28-member stakeholder group tha...

Capital Hills Golf Course opens for the season

Published Wed, 12 Feb 2025 09:55:41 GMT

ALBANY, N.Y. (NEWS10) -- Albany Mayor Kathy Sheehan kicked off the golf season with the annual first putt at the Capital Hills Golf Course. The park has a few new features this year including pickle ball courts and tools for golfers, including new signs, GPS monitors and online reservations. Sheehan said the pandemic highlighted the importance of outdoor spaces for city residents and the course will be open to runners and walkers before golf kicks off every morning.  Get the latest, news, weather, sports and community events delivered right to your inbox! She encouraged everyone to take advantage of the park’s beauty and the warm weather.“This is an amenity that’s really unique in cities the size of Albany," Sheehan said. "To have a place like Capital Hills where, not only can residents play golf but, we can really enjoy the beauty of this city and enjoy the opportunity to come together in many different ways.”The course is open 8:00 a.m. to dark on weekdays and 7:00 a.m. to dark ...

Road closure starts Monday in Greenwich

Published Wed, 12 Feb 2025 09:55:41 GMT

GREENWICH, N.Y. (NEWS10) - Washington County announced a planned road closure in the town of Greenwich, set to begin on or around Monday, April 17. A section of Christie Road will be closed until mid-July, in accordance with a project by the New York State Department of Transportation. Get the latest, news, weather, sports and community events delivered right to your inbox! The affected section of Christie Road passes over Whittaker Brook, running between State Route 29 and Mahaffy Road. Between April and July, work will be done to replace the aging bridge over Whittaker Brook.Detour routes were not announced on Friday, but will be posted by signage in the area of the closure. Christie Road leads north, staying south of Cossayuna. Mahaffy Road continues south, becoming Ryan Road and connecting with a lower point of Route 29 towards the village of Greenwich.