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California’s housing bubble pops as Fed shuts the pump

Published Sun, 24 Nov 2024 04:18:49 GMT

California’s latest homebuying debacle is a pumped-up storyline we’ve seen before – even if each housing bubble has its own shape and size.California housing has never been cheap and buyers must heavily rely on generous financing. And if the market looked bubbly – when values exceed economic logic – there’s usually an aggressive monetary benefactor helping to overinflate it.This tenuous relationship with mortgage money also creates volatility. When that monetary pump disappears, bubbles burst and the market takes an ugly reset.The latest example comes courtesy of the Federal Reserve, which morphed from benefactor (the creator of historically cheap mortgages) to the villain (an economy-icing hiker of interest rates) in just two years.The loss of that Fed pump chilled the pandemic era’s California homebuying binge. By November 2022, statewide home sales fell to their third-lowest level in Realtor data dating to 1990.The median price of an existing, single-famil...

Prep roundup: Granada’s Joshua Morano fires a one-hitter to beat Dublin

Published Sun, 24 Nov 2024 04:18:49 GMT

BaseballJoshua Morano has pitched some gems for Granada through the years. Rarely has the Arizona-bound senior been better than he was Friday.The 6-foot-4 left-hander pitched a one-hitter with 11 strikeouts and also knocked in a run as the Matadors edged host Dublin 2-0 in a matchup between two of the East Bay Athletic League’s hottest teams.Granada – ranked eighth by the Bay Area News Group – improved to 8-2, 4-1.No. 7 Dublin fell to 7-2, 3-1.The score was 0-0 until Riley Winchell’s single to right brought home Parker Warner with one out in the seventh.Morano followed with a sacrifice fly to left that knocked in Colin Johnston for the game’s only other run.Dublin’s Cole Gaynor also pitched a complete game. He allowed three hits and two runs with three strikeouts and two walks.Nobody on either side had more than one it.Morano lowered his ERA to 0.42. He has allowed two earned runs in 33 innings this season with 51 strikeouts and just 10 walks.No. 16 Serra 7, No. 13 St. Francis 4Luke...

DUI collision leaves driver with major injuries

Published Sun, 24 Nov 2024 04:18:49 GMT

SAN BRUNO, Calif. (KRON) -- A person is left with major injuries after allegedly driving under the influence and colliding with another car Friday night, according to the San Bruno Police Department. 100-mph chase on Hwy 101 in Santa Rosa ends with 3 arrests A collision occurred in the area of San Bruno Avenue and Interstate 280. Police suspected the driver of being under the influence of alcohol and the driver was transported to the hospital with major injuries.Photos released by SBPD show two vehicles involved in the crash, with one of vehicles containing alcohol in the front passenger seat.Photo: San Bruno PDPhoto: San Bruno PDPhoto: San Bruno PDKRON On is streaming news live now.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }There is currently no information about the other dri...

Two-alarm fire at vacant San Jose restaurant contained

Published Sun, 24 Nov 2024 04:18:49 GMT

SAN JOSE, Calif. (KRON) -- A fire that broke out early Saturday morning at a vacant commercial restaurant is now contained, according to the San Jose Fire Department. 100-mph chase on Hwy 101 in Santa Rosa ends with 3 arrests A two-alarm fire broke out around 3 a.m. on the 2000 block of North First Street, SJFD said. San Jose firefighters were able to contain the fire at the vacant restaurant at around 4 a.m. KRON On is streaming news live now.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }Crews remained on scene and North First Street was closed for around one hour, SJFD said. No injuries were reported and the cause of the fire is currently unknown.

Today in Sports – A-Rod youngest MLB player to hit 300 HRs.

Published Sun, 24 Nov 2024 04:18:49 GMT

April 21939 — Ralph Guldahl beats Sam Snead by one stroke to capture the Masters golf tournament.1969 — Toronto center Forbes Kennedy sets a Stanley Cup playoff record for most penalties in one game with 8.1978 — Czech tennis star Martina Navratilova wins her first WTA Tour Championship.1980 — Wayne Gretzky becomes the youngest player to reach 50 goals at 19 years and 2 months of age.1983 — New York Islander Mike Bossy becomes the first player to score 60 or more goals in three consecutive seasons.1984 — Georgetown, led by junior center Patrick Ewing and freshman forward Reggie Williams, beats Houston 84-75 to win the NCAA championship in Seattle. Houston becomes the second team to lose in two consecutive finals.1985 — Edmonton C Wayne Gretzky sets an NHL record with his 34th career hat trick.1986 — The 3-point field goal, at 19 feet, 9 inches, is adopted by the NCAA.1989 — 8th NCAA Women’s Basketball Championship: Tennessee beats Auburn, 76-60.1990 — UNLV pounds Duke 103-73 to win ...

Acusación a Donald Trump, en vivo: noticias, reacciones y última hora

Published Sun, 24 Nov 2024 04:18:49 GMT

Crédito: SUZANNE CORDEIRO/AFP via Getty ImagesHaz click aquí para ver las últimas actualizacionesThe-CNN-Wire™ & © 2023 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.Source

‘Delay, delay, delay’: How Trump could push his trial into the heart of campaign season

Published Sun, 24 Nov 2024 04:18:49 GMT

The ink on Donald Trump’s indictment has hardly had time to dry, but already there’s a widespread expectation that the former president will turn to a time-honored Trumpian strategy: delay.By dragging out the proceedings between the indictment and his trial, Trump could push the trial deep into the 2024 presidential campaign — with Trump expected to be the top contender for the Republican nomination.Trump has spent decades refining tactics for prolonging his legal fights as his lawyers attempt to out-wait and outlast the patience of his adversaries. Though a criminal indictment presents him with a different set of options — and obstacles — than his many previous bouts in civil court, there is still a substantial menu for him to choose from.“If they’re doing their job, they’re going to do everything they can to delay, delay, delay, delay,” said Catherine Christian, a 30-year veteran of the Manhattan district attorney’s office who is now a defense attorney. “Every single motion they c...

One’s a tactician, the other’s a showman. Meet Trump’s defense team.

Published Sun, 24 Nov 2024 04:18:49 GMT

When former President Donald Trump arrives in Manhattan Criminal Courthouse to be arraigned next week, it will be his first appearance there as a criminal defendant. But for his lawyers, it is familiar territory.The legal duo representing the former president, Susan Necheles and Joe Tacopina, are longtime fixtures of New York criminal proceedings, each of whom has accompanied both tabloid sensations and more serious political figures through the concrete halls of the Art Deco courthouse.Neither is new to Trump’s orbit. Both have been working for Trump during the criminal investigation that led to Thursday’s indictment of the former president in connection with a $130,000 hush money payment to a porn star. Necheles was also a member of the defense team in the criminal tax fraud trial that took place late last year and ended in the conviction of the Trump Organization. Tacopina represented Kimberly Guilfoyle, Donald Trump Jr.’s fiancée, before the Jan. 6 select committe...

1 dead, at least 28 injured after roof collapses at the Apollo Theatre in Illinois

Published Sun, 24 Nov 2024 04:18:49 GMT

  (CNN) — One person was killed and 28 others were injured after a full roof collapse at the Apollo Theatre in Belvidere, Illinois, on Friday evening, officials said.Approximately 260 people, including guests, performers and staff, were inside the venue for a metal rock concert at the time of the collapse, according to the event coordinator.Belvidere is in northern Illinois, approximately 14 miles outside the city of Rockford. Despite severe weather in the region, there were no reports of an “actual tornado” hitting the area, Belvidere Fire Chief Shawn Schadle said.Twenty-eight people were transported by ambulance to nearby hospitals, Schadle said. Five had severe injuries; 18 had moderate injuries; and five had minor injuries. “Obviously there were probably other patients transported by personal vehicle,” he added.During their initial response, crews coming into the building assisted in getting people out from under the debris. Crews est...

Donovan Mitchell eager for playoff series against Knicks: ‘Wouldn’t want it any other way’

Published Sun, 24 Nov 2024 04:18:49 GMT

CLEVELAND — It would, at this point, require the very unexpected to NOT see a Knicks-Cavaliers playoff matchup.It would take a Knicks collapse to fall behind the Nets in the standings, or, even less likely, the Cavaliers to surge above the Sixers with five games to play.So while that’s not mathematically impossible, the understanding from both sides is to prepare for the likelihood.On Friday, Donovan Mitchell not only obliged a question about the theoretical matchup, he launched into a long answer about the powerful emotions associated with playing postseason games in New York.“It’s full circle. You wouldn’t want it any other way. What kid wouldn’t want to play against his hometown team in the playoffs?” Mitchell said. “I think for me, I wouldn’t want it any other way. It’s a storybook ending — it’s not ending, but it’s a storyline. Something that’s really special and near and dear to me, being able ...