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☆ I struggled to feel like I could be a good mom and businesswoman. My ayahuasca trip changed everything.
▼ + stars: | 2024-11-02 | by ( Tess Martinelli | ) www.businessinsider.com time to read: +7 min

Lindsay Roselle transformed her view on motherhood after an ayahuasca retreat in the Amazon. AdvertisementThis as-told-to essay is based on a conversation with Lindsay Roselle, a 42-year-old entrepreneur and mom from Colorado who attended an ayahuasca retreat and started microdosing psilocybin. Then in 2022, I was flying to a remote part of the Amazon for a three-day ayahuasca retreat, where I ingested a plant-based psychedelic used for medicinal, spiritual, and ceremonial purposes. My mom contributed to my negative idea of motherhoodGiving up my entrepreneurial career was never an option for me. The first one would be the biggest: a three-day ayahuasca ceremony held during a two-week trip to the Amazon.

Persons: Lindsay Roselle, —, That's, they're, I've, Tess Martinelli Organizations: Service Locations: Colorado, Peru, tmartinelli

☆ North Korea is hoping bigger is better with its new intercontinental ballistic missile. Experts are skeptical.
▼ + stars: | 2024-11-02 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +5 min

North Korea said it tested a new long-range intercontinental ballistic missile this week. Related storiesPrior to this latest test, North Korea had last launched an ICBM test in December 2023, according to the James Martin Center for Nonproliferation Studies North Korea Missile Test Database. AdvertisementHowell said the latest test's reportedly longer flight time would suggest North Korea was "improving the sophistication of its delivery systems." "Through Moscow's assistance, North Korea has advanced its artillery and missile capabilities," Zelenskyy wrote. It comes as the US and South Korea held joint drone strike drills for the first time, South Korea's Yonhap news agency reported on Friday.

Persons: —, KCNA, Kim Jong Un, Read, kA8m36NARX, Kim Jong, Virginie Grzelczyk, Grzelczyk, Edward Howell, James Martin, Howell, Lee Sangmin, Sangmin, Volodymyr Zelenskyy, Zelenskyy Organizations: Service, NK News, Korea, NK NEWS, School of Social Sciences, Humanities, Aston University, Korea Foundation, Chatham, Pacific Program, James Martin Center, Nonproliferation Studies North Korea Missile Test, South Korea's Korea Institute for Defense Locations: Korea, Japan, Korean, North Korea, Chatham House's Asia, South, Ukraine's, South Korea

☆ Gen Z is just now discovering Trump's 'Grab 'em' comments on TikTok. Don't let that make you feel old.
▼ + stars: | 2024-11-02 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +4 min

Gen Z is apparently discovering Donald Trump's lewd "Grab 'em" comments that came to light in 2016. AdvertisementWant to feel old? Some members of Gen Z are apparently only now discovering Donald Trump's infamous "Grab em …" comments that came during a hot mic moment. (Please, let's agree to never tell Gen Z about "left shark".) Don't let this make you feel old; let it make you wiser.

Persons: Donald Trump's, —, Gen, Kate Sullivan, Trump, Billy Bush, Ron DeSantis, Elon Musk, Dana Carvey's Bush, millennials, let's, youngs, Billie Eilish, Z Organizations: Service, Washington Post, Florida Gov Locations: Ohio, Florida, The Washington, .

☆ Here are the 8 top cities people are moving to for cheaper rent
▼ + stars: | 2024-11-02 | by ( Christine Ji | ) www.businessinsider.com time to read: +3 min

Bank of America shares the top eight cities people are moving to for cheaper rent. The rent hikes are driving people to move to cheaper areas, according to Bank of America. That discrepancy between Bank of America's data and the official rate of rent inflation indicates that people are moving to find more affordable rent instead of staying put, the bank said. Related Video Why rents are still setting record highs in some US citiesThis isn't a new trend — the pandemic led to many people moving to places with cheaper rent as remote work became normalized. Bank of America identified eight cities where people are moving to for cheaper rent below the national average, indicated by a net positive population inflow in Q3 2024.

Persons: — Organizations: Bank of America, Service, Consumer, of, Consumers, Redfin Locations: West, Northeast, York, Boston, San Francisco, San Jose, Los Angeles, Southern

☆ A 14-year-old took home $10,000 for his award-winning investigation into train derailments. Here's what he found.
▼ + stars: | 2024-11-02 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +5 min

Gary Allen Montelongo won $10,000 for a science project on train derailment. Montelongo built and coded an experiment on railroad suspension, then won a national competition. AdvertisementThe internship ended, but Montelongo couldn't get the derailment off his mind, so he went down to the train tracks near his house. Then he built three sets of model railroad tracks out of foam and fitted them with three different types of springs: fresh new springs, midlife springs, and old, worn-out springs. This mimicked the different suspension systems he'd seen at the train tracks near his home.

Persons: Gary Allen Montelongo, Montelongo, —, Lisa Fryklund, Ajmera, Montelongo couldn't Organizations: Service, Fisher Scientific, Junior, Society for Science, Broadcom, Federal Railroad Administration, University of Texas, NASA, SpaceX Locations: Ohio, East Palestine , Ohio, University of Texas Rio Grande

☆ A 72-year-old VC who started running at 54 does 4 marathons a year. Here's how he fits running into his busy workday.
▼ + stars: | 2024-11-02 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +7 min

Now 72, Greg Ho has run 43 marathons and plans to make that 100 before he turns 100. He had very little time to devote to exercise due to what he described to Business Insider as his "high-stress job" as the president of Spring Mountain Capital. Spring Mountain Capital and West Harlem Innovation NetworkThe marathon training program Ho embarked on "was miserable, and it hurt," he said. Running helps Ho to maintain his lifestyle"Physically and mentally, running enables me to perform while I get little sleep," he said. Spring Mountain, Ho's firm, backs the West Harlem Innovation Network, which develops new businesses and entrepreneurial talent in the underserved NYC neighborhood.

Persons: Greg Ho, —, Ho, he'd, Robin Hood, Ho didn't, he's, we're Organizations: New York VC, Service, Business, Spring, Robin Hood Foundation, York, Robin, West Harlem Innovation, West Harlem Innovation Network, PLoS Medicine Locations: New York, Capital

☆ TGI Friday's files for Chapter 11 bankruptcy
▼ + stars: | 2024-11-02 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +2 min

TGI Friday's Inc. filed for Chapter 11 bankruptcy protection on November 2. Manocha said the "primary driver" of TGI Friday's financial struggles "resulted from COVID-19 and our capital structure." Few customers want to spend time and money at a casual dining restaurant, and many of them are dated." AdvertisementAhead of Saturday's announcement, TGI Friday's had faced a string of location closures as pressure on the business mounted. Business Insider has contacted TGI Friday's for comment.

Persons: —, Rohit Manocha, Manocha, Tim Powell, Powell, Friday's, TGI Friday's Organizations: Friday's Inc, Service, Inc, Northern District of Texas Locations: Northern District, COVID, sameness

☆ Fast food chains are locked in a 'value war' for US customers
▼ + stars: | 2024-11-02 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +6 min

Fast food chains say they're locked in a "value war" to win increasingly choosy US customers. As a flurry of summer deals come to an end, quick-serve chains say they're now locked in a "value war" to win increasingly choosy US customers. Between higher ingredient usage and other costs on the one hand, and a more competitive consumer economy, interim CEO Scott Boatwright said Chipotle was well-positioned to win the "value war" in fast-casual dining. "We absolutely believe that value in an environment of value-seeking consumers is not about only executing price-pointed promotions and value deals and value bundles — there's more to that." Plosch added that beyond the burger chain's creative promotions, the core menu remains essential to getting customers to come back.

Persons: —, Michael Zuccaro, Chipotle, Scott Boatwright, Brian Niccol, who's, we've, Alex Kaleida, Chris Kempczinski, Kempczinski, Ian Borden, Shack, Robert Lynch, Gunther Plosch Organizations: Service, Starbucks

☆ I told my mom I wanted to be a rockstar when I was 14. She supported my dream, and now I'm doing the same for my own kids.
▼ + stars: | 2024-11-02 | by ( Lauren Crosmedlicott | ) www.businessinsider.com time to read: +5 min

My mom wanted me to be in the armed forces; I wanted to be a rock starMy mother quickly didn't know what had happened to her son. Related storiesShe bought me a toy drum set, but I tore right through it after a month. Then she got me a junior drum set, which I tried to be careful with so as not to break it too. Eventually, I used bits and pieces from friends to make my own drum set. AdvertisementShortly after, Mom started dating a guy in a semi-professional band.

Persons: John Hardin, John, —, Brady, I'd, Mom, it's Organizations: Service, Music, New Mexican Mafia Locations: Florida

☆ Cheesemakers left reeling after a 'bizarre' heist of cheddar worth almost $400,000
▼ + stars: | 2024-11-02 | by ( Maria Noyen | ) www.businessinsider.com time to read: +6 min

Almost 50,000 pounds of artisanal cheese were stolen in a sophisticated heist in the UK. AdvertisementOne of the most sophisticated cheese heists in history has left British cheesemakers reeling and facing an uncertain future. Neal's Yard unwittingly delivered the cheese, estimated to be worth about £300,000 ($390,000), to the fraudsters before realizing they were not legitimate buyers. "One of the things that made it so appealing was thinking that we'd see British cheese in a French supermarket." Calver said Neals Yard Dairy's ability to survive the financial loss is critical for the sector.

Persons: —, fraudsters, Matt Austin, Ben, we'd, Trethowan, Tom Calver, they've, we've, Ticehurst, Brothers Todd, Maugan, David Lockwood, Calver, Todd Trethowan, Nicholas Saunders, Randolph Hodgson Organizations: Service, BBC News, Metropolitan Police, Business, Westcombe, Neal's Locations: French, British, London, Netherlands, Gouda, Trethowan, cheddar, Covent Garden

☆ Insider Today: The world's best golf courses
▼ + stars: | 2024-11-02 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com time to read: +7 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The world's best golf coursesDavid Madison/Getty ImagesDavid Weiss has spent over 30 years traveling to and writing about golf courses. Glasses we love : Affordable and easy to shop, Zenni is one of our favorite places to find customizable prescription eyewear. : Affordable and easy to shop, Zenni is one of our favorite places to find customizable prescription eyewear. We gathered 19 of our favorite places to find stylish and affordable women's work clothes, from two-piece suits to bold blouses.

Persons: —, BURCU ATALAY, Tyler Le, Julia Pugachevsky, Sports dietician Jena Brown, Julia, Brown, Tamirat Tola, Bashir Abdi, Tayshia Adams, Phoebe Robinson, Rebecca Zisser, Eva Longoria's, Eva Longoria, Valerie Macon, John Wick, Longoria, David Madison, David Weiss, he's, Chuck Zlotnick, Hulu's, podcasters, Agatha All, Kathryn Hahn, Agatha Harkness, Martha, Martha Stewart's, Dan DeFrancesco, Jordan Parker Erb, Lisa Ryan, Amanda Yen Organizations: Business, Service, New York City Marathon, Sports dietician, Getty, Point, Cabo del, Marvel Television, Netflix, Adidas Locations: Colorado, Europe, Staten Island, United States, AFP, Pebble Beach , California, Cortez, Cabo, Cabo del Sol, Mexico, New York City, New York

☆ Worries about the election could be cutting into some workers' productivity
▼ + stars: | 2024-11-02 | by ( Tim Paradis | ) www.businessinsider.com time to read: +7 min

Anxiety over the US election could be hurting some workers' productivity. One boss is considering letting his employees work remotely in the weeks after the election. She said some workers will be busy hitting refresh on news and social sites, looking for insight into how the election might swing. Yet that doesn't mean being overly indulgent or letting workers focus too long on issues that aren't germane to the business. Despite the widespread election worries, not every indicator signals that the vexing political climate is throwing off most workers.

Persons: —, AJ Gareffa, they've, Gareffa, Macey, Felix Kim, he's, Kim, Gabriella Kellerman, Kellerman, Dorie Clark, That's, Clark, Christine Porath, Chapel Hill's, Porath, Discourtesy, it's, Gartner, hadn't, doesn't, It's Organizations: Service, Business, American Psychological Association, APA, Columbia Business School, University of North, Chapel, Flagler Business School, Human Resource Management Locations: Livonia , Michigan, Detroit, ResumeBuilder.com, New York City, University of North Carolina, Michigan

☆ I skip the Hamptons and head to a coastal town in Connecticut instead. It's less crowded and wonderful year-round.
▼ + stars: | 2024-11-02 | by ( Allison Tibaldi | ) www.businessinsider.com time to read: +6 min

I got fed up and started spending weekends in Madison, a coastal Connecticut town. So, I found my own "dupe" of the Hamptons about 100 miles away in New England: Madison, Connecticut. Related Video All the differences between Starbucks in Italy and the USThe town defines coastal calm, with just about everything the Hamptons has minus the crowds. Madison has plenty thanks to the Sculpture Mile, a free outdoor public art installation of museum-quality sculptures scattered around town. There's often something happening on the town greenMadison's historic town green is its leafy centerpiece.

Persons: —, I've, Madison isn't, Madison, Allison Tibaldi, RJ Julia Booksellers, I'm, Allison Tibaldi Madison, Café Organizations: Hamptons, Service, Madison, Hammonasset, Hilton, RJ Julia Booksellers, RJ Julia, Madison Cinemas Locations: Madison, Connecticut, New England, Madison , Connecticut, Italy, New York City, Long, England, Europe, Guilford

☆ Sam Altman explains OpenAI's shift from open to closed AI models
▼ + stars: | 2024-11-02 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +5 min

CEO Sam Altman explained the company's shift to closed AI models in a Reddit AMA on Thursday. AdvertisementWhy doesn't OpenAI open-source the AI models behind ChatGPT if the company is called OpenAI? Altman responded that open source "plays an important role in the ecosystem and there are great open source models in the world." The comments from Altman follow a year in which OpenAI has received criticism for no longer open-sourcing its AI models. "There is no single open source AI definition, and defining it is a challenge because previous open source definitions do not encompass the complexities of today's rapidly advancing AI models," the spokesperson said.

Persons: OpenAI, Sam Altman, —, Altman, Elon Musk, ChatGPT, Musk, Ilya Sutskever, Mark Zuckerberg, OpenAI's GPT Organizations: Service, Microsoft, OpenAI, Meta, OSI

☆ 'The reversion will eventually come': A chief strategist says Goldman Sachs and JPMorgan are right to warn of weak returns for the S&P 500 over the next decade
▼ + stars: | 2024-11-02 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Goldman Sachs and JPMorgan predict relatively muted S&P 500 returns over the next decade. AdvertisementMuch has been said about the gloomy outlook for the S&P 500 that some of Wall Street's largest investment banks conveyed in recent weeks. Goldman Sachs said in October that the S&P 500 would return 3% annually, on average, over the next 10 years, underperforming current 10-year Treasury yields. Goldman Sachs"There is little argument that U.S. stock market valuations are elevated compared to historical averages. Investors appeared to do that, with the S&P 500 rising 0.4% on Friday to 5,728, 2.3% below all-time highs.

Persons: Goldman Sachs, Lance Roberts, Roberts, —, It's, Goldman, Sam Kuhn Organizations: JPMorgan, RIA, Service, Bank of America, RIA Advisors, Bureau of Labor Statistics Locations: Wall

☆ I didn't expect to become a 'trad wife,' but taking care of my husband eases my anxiety. I couldn't be happier in my marriage.
▼ + stars: | 2024-11-02 | by ( Hf Sylaj | ) www.businessinsider.com time to read: +4 min

Being a traditional wife means wanting the best for my husband. AdvertisementMy journey to becoming a "trad wife" — or traditional wife — started in 2012 when I made dinner for a man I barely knew. I also knew I wanted to be the kind of old-fashioned wife we now call a trad wife. AdvertisementTo me, a "trad wife" isn't about how many kids you have. Being a traditional wife means I am secure in my place in this world and in my marriage.

Persons: —, Hamburger, couldn't Organizations: Service Locations: Europe, Eastern Europe

☆ Ukraine fooled Russia with the same deceptions Germany used at WWII's Battle of the Bulge
▼ + stars: | 2024-11-02 | by ( ) www.businessinsider.com time to read: +7 min

The question for Ukraine is whether Kursk will fare better than Germany's Battle of the Bulge. AdvertisementWhen Ukraine unleashed its Kursk offensive in August, it wasn't just the Russians who were surprised. By massing forces for offensives in eastern Ukraine, this thinned out the rest of the 600-mile front line, including the Kursk region. For example, "Ukraine's military announced the 61st Mechanized Brigade would be moving to Vovchansk, a city in the northern sector of the fighting in eastern Ukraine," said TRADOC. Allied cryptographers had broken high-level German radio codes (the "Ultra" program), but German forces employed radio silence, and orders were conveyed by courier and telephone.

Persons: —, TRADOC, Hitler, Oleksandr Syrskyi, wouldn't, Ukraine prepped, Michael Peck Organizations: Service, US, Kremlin, British, Armed Forces of, 61st Mechanized Brigade, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Russia, Ukraine, Kursk, Germany, Normandy, Ardennes, Belgium, Armed Forces of Ukraine, Nazi, Moscow, Forbes

☆ I'm a New Yorker who visited Jackson Hole for the first time. 8 things surprised me.
▼ + stars: | 2024-11-02 | by ( Joey Hadden | ) www.businessinsider.com time to read: +2 min

Jackson Hole, Wyoming, is a billionaire hot spot next to Grand Teton National Park. I recently visited the ultrawealthy mountain town and was surprised by the airport and the housing. Enter Jackson Hole, Wyoming — the 60-mile-long valley bordering Grand Teton National Park. This section of Teton County comprising the towns of Jackson, Teton Village, Wilson, and others, has fewer than 11,000 residents. I got the nature getaway I expected but was surprised by many aspects of the region, from the luxe airport to the mansions in the mountains.

Persons: Jackson, —, I've, Wilson, Kanye Organizations: Teton, Service, Economic, Institute Locations: , Wyoming, Texas, East Coast, New York City, it's, Teton, Teton County, Jackson, Teton Village, Portland , Oregon, Wyoming, luxe

☆ Residents of a picturesque London street clash with Airbnb after tourists flock to home turned into 'Paddington' film set
▼ + stars: | 2024-11-02 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +4 min

Airbnb is running a competition for families to win a free stay in a house in Primrose Hill, London. Locals told Business Insider they're tired of tourists flocking to the street. AdvertisementAirbnb's plan to host a competition for an overnight stay on a picturesque street featured in the "Paddington" movies has seemingly not gone down well with local residents. AdvertisementIn a press release for the competition, Airbnb said bookings for the property would open on November 3. ReutersIt's not the first time Airbnb has created immersive stay experiences based on popular movies and television shows.

Persons: they're, —, Barbie Dreamhouse, I'm, Eve Crosbie, Airbnb, Reuters It's, Ted Lasso Organizations: Locals, Service, Gardens, Paddington, Browns, Business, Camden New Journal, Community Association, Windsor Gardens, British Film Institute, Reuters, Apple Locations: Primrose Hill, London, Primrose, Paddington Bear, Peru, Malibu, Chalcot, Windsor, Richmond , London

☆ This radical plane concept with an all-in-one wing could be the future of flight. See the leading designs from startups and Airbus.
▼ + stars: | 2024-11-02 | by ( Taylor Rains | ) www.businessinsider.com time to read: +2 min

"Blended-wing" aircraft could be the future of commercial aviation. Airbus and startups JetZero and Natilus lead the development of these more efficient flying wings. Among the most likely concepts is a "blended-wing" body aircraft, which combines the fuselage and wing into one. A handful of companies have announced plans to build these unique vessels by the 2030s, including startups JetZero and Natilus and long-standing planemaker Airbus. The company has decades of experience designing commercial airplanes — leading the industry with its best-selling Airbus A320 family of similar capacity.

Persons: — Organizations: Airbus, Service, Aircraft, US Air Force, Boeing, Pathfinder

☆ A Nevada mayor is battling one of the worst housing shortages in the US. Her solution: looser construction regulation.
▼ + stars: | 2024-11-02 | by ( Eliza Relman | ) www.businessinsider.com time to read: +7 min

Reno Mayor Hillary Schieve says city leaders should cut regulations that stymie construction. AdvertisementThe mayor of Reno, Nevada, argues that the single best thing city leaders can do to help solve one of the country's worst housing shortages is to loosen regulations on housing construction. As mayor, Schieve has celebrated the new jobs and the growth of arts and culture in Reno and its surroundings. Under Schieve, Reno has loosened some of its regulations by allowing for more density, reducing parking requirements, and cutting fees. Schieve, the former chairwoman of the US Conference of Mayors, said Reno's rules regarding affordable housing construction are relatively lenient.

Persons: Hillary Schieve, —, There's, Schieve, Alex Horowitz, Tesla, she's, Joe Biden, Biden, Adrianne Todman, Donald Trump's, We've, we've, Vance, That's, Trump, Kamala Harris Organizations: Reno, Service, Apple, US, of Mayors, White Locations: Nevada, Reno , Nevada, Reno, Las Vegas

☆ China is closing a South China Sea surveillance gap with a new radar made to spot stealth aircraft, satellite images suggest
▼ + stars: | 2024-11-02 | by ( Chris Panella | ) www.businessinsider.com time to read: +6 min

Satellite images appear to show a SIAR system on Triton Island in the South China Sea. China previously built a SIAR system on Subi Reef in the Spratly Islands, further south in the South China Sea and west of the Philippines. "This is an iteration on a long-term Chinese strategy to dominate the sensor space in the South China Sea," he said. AdvertisementLast fall, the Pentagon documented growth in China's intelligence-gathering capabilities in the South China Sea, especially at the Spratlys. China's new SIAR system on Triton Island helps grow its reconnaissance and surveillance network in the South China Sea.

Persons: —, Chatham House's John Pollack, Damien Symon, Maxar, Chatham, Gregory Poling, Michael Dahm, Dahm, Aaron Haro Gonzalez Organizations: Service, Business, Chatham House, Triton, Southeast Asia Program, Asia Maritime, Center for Strategic, International Studies, Pentagon, Aerospace, China Studies, Mitchell Institute, US, Communication, US Air Force Locations: China, South China, South, Chatham, Spratly, Philippines, Hainan, Beijing, Aaron Haro Gonzalez China

☆ Why Nvidia replacing Intel in the Dow Jones Industrial Average matters
▼ + stars: | 2024-11-02 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

Nvidia stock will replace Intel in the Dow Jones Industrial Average, S&P Dow Jones Indices said Friday. AdvertisementNvidia will replace Intel in the Dow Jones Industrial Average, S&P Dow Jones Indices said in a statement on Friday, in a move that underscores the growing lead the chipmaker has over other tech titans in the AI race. Nvidia is up nearly 3% in after-hours trading, while Intel is down nearly 2%Representatives for Intel and Nvidia declined to comment when reached by Business Insider. The analysis is in the statement from the Dow Jones Industrial Average. The question for Intel right now is, can they regain relevance?

Persons: Dow, Emma Cosgrove, — Organizations: Intel, Dow Jones, titans, Business, Service, Nvidia, Dow Jones Indices, Big Tech, Facebook, Apple

☆ The US says it will send more warships and bombers to the Middle East as tensions persist between Iran and Israel
▼ + stars: | 2024-11-02 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

The US is deploying warships and B-52 bombers to the Middle East amid rising tensions. Israel and Iran are stuck in a cycle of retaliatory strikes. The US earlier said it would also send a missile defense system and 100 more troops to Israel. AdvertisementThe United States is sending bombers and warships to the Middle East as Iran and Israel trade threats of retaliatory strikes. The United States said it would send about 100 troops to operate the air defense system.

Persons: —, Lloyd Austin, Pat Ryder, Austin, Ryder, Hassan Nasrallah, Ayatollah Ali Khamenei Organizations: Service, Pentagon, US Air Force, Defense, United Locations: Israel, Iran, States, East, United States

Sales of single-family homes were down 12% in September compared with the same time in the previous year. But interest rates, rising home prices and skyrocketing insurance costs likely played bigger roles than the recent hurricanes. “Florida recovers much faster than you think,” said Brad O’Connor, chief economist for Florida Realtors. Because of stricter building codes implemented in the years after Hurricane Andrew devastated South Florida in 1992, newer homes withstand hurricanes better than older ones, O’Connor said. The number of households dropped from about 340,000 to about 326,000, according to the U.S. Census Bureau.

Persons: ”, Brad O’Connor, Hurricane Andrew, O’Connor, ‘, Hurricane Ian Organizations: Florida Realtors, . Census, Van Lines, Associated Press Locations: Florida, South Florida, Lee County, Fort Myers, United States

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