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Former Capitol Police Chief Steven Sund is releasing his book "Courage Under Fire" on Jan. 3. The book will detail what went wrong on Jan. 6 and how it could happen again. "The security and information-sharing policies and mandates put in place after September 11 failed miserably on January 6," Sund said in the book, according to the Post. Help from the military did not come for another three hours, The Post reported, after the building was already clear. The book's revelations come as the Jan. 6 committee released new documents from its final report.
A father and son went skiing in Breckenridge, CO Saturday and got caught in an avalanche. The father was able to free himself and called 911, but his son was found dead two hours later. The father was able to free himself and searched for his son to no avail. Colorado Avalanche Information CenterThe two skiers' names were not publically released, but the Denver Post identified them as father and son. The son was one of two to die this season in an avalanche, according to the information center.
Idaho killing suspect Bryan Kohberger was arrested in connection with the four students' murders Friday. Kohberger allegedly tracked the victims' phones before the killings, a source told the Daily Mail. A source who is a cousin of one of Kohberger's childhood schoolmates, the Daily Mail reported, said the suspect allegedly tracked the four victims' phones for weeks before the killing. After the killings, Kohberger traveled back to Pennsylvania, where he was staying at his parents' home. He also allegedly was "creepy" toward women before, Jordan Serulneck, who knows the suspect told NBC.
A major highway was shut down in the Bay Area on New Years Eve after heavy rains led to flooding. Meanwhile, the Midwest and Plains region is under a winter weather watch as storm moves east. This is the 2nd major weather event since Christmas, when Winter Storm Elliot tore through the US. Since Saturday morning, about six miles of Interstate 580 in the Bay Area near Oakland has remained closed due to flooding, the San Francisco Gate reports. Another one is expected in the Bay Area on January 2, the San Francisco Gate reported.
A stampede occurred at a New Years concert and fireworks display in Uganda. Witnesses say the event occurred when people rushed down stairs to get off a platform. Nine people died during a stampede at a concert and fireworks celebration Saturday in Kampala, the country's largest city, the BBC reported. Sylvia Nakalema, a witness who got caught in the stampede, told The Guardian, that the fireworks show turned deadly when viewers descended stairs from a platform where they had been watching. One in Seoul, South Korea, during a Halloween celebration in the city left 150 dead.
Houston has been able to keep its housing affordable in large part because of just this, he said. Jeff Tucker, the chief economist at Zillow, also told Insider that the biggest hurdle to affordable housing was "zoning reform." California has already done this when its citizens voted to pass Proposition 46, which provides funding specifically for affordable housing. It allocated just shy of $1 billion to the multifamily sector, according to CCIM, and is expected to see $13 billion in private funds be pushed into affordable housing. In July, Ginnie Mae, a federally-backed mortgage provider, specifically focused on affordable housing, requested that a manufactured home mortgage program be extended.
Here's how Miller, who doesn't think the housing market is going to crash, became a beacon of trust. The call was from a journalist at an international paper asking for Miller's comment on the US housing market for a story. The 62-year-old founder of the real-estate-appraisal and data firm Miller Samuel is probably the most-quoted man in real estate, with some 2,469 news citations, according to the database LexisNexis. Today, Miller Samuel has replaced Scantrons with iPods, iPhones, and a CoreLogic appraisal software called A La Mode. Today, there's much more data than there was when he started Miller Samuel, but also a lot more "crap," Miller said.
Paleontologist Hans Larsson found a small mammal foot in the rib of a dinosaur fossil. The reptile was carnivorous and bird-like, according to McGill University. It's one of only 21 dinosaur fossils ever found with its food inside of it. Only 20 other fossils have been found with the fossilized bones of their meals inside, according to McGill, and this is the first time a fossil has shown that any dinosaur ate mammals, the Economic Times reported. Scientists have speculated that the species likely died out because it had four wings, and the two additional wings created drag when it moved.
Country musician Zach Lane Bryan released a live album "All My Homies Hate Ticketmaster," on Dec. 25. On Instagram, he claimed, "monopolies" like Ticketmaster are "stealing from working-class people." "I believe working-class people should still be able to afford tickets to shows," the Oklahoma native said in his Instagram post. "I am so tired of people saying things can't be done about this massive issue while huge monopolies sit there stealing money from working-class people." Bryan joins a choir of voices — artists, fans, and politicians alike — that have called Ticketmaster out for so-called monopoly-like behavior.
The National Association of Realtors named Atlanta the city to watch in 2023. While the national housing market is cooling, it's still thriving in Georgia's capital. Jay Martino, a barber who moved to Atlanta from Charleston, South Carolina. These factors will help Atlanta withstand the headwinds buffeting the national market, which is reeling after skyrocketing home prices and interest rates put home purchases out of reach. The trend suggests the local housing market can outperform the rest of the country in 2023, according to the National Association of Realtors.
Insider's rising stars of real estate span roles in leasing, affordable housing, and urban planning. We asked the young achievers about the books that influenced their careers or personal growth. For some of Insider's rising stars of 2022, the subject matter might surprise you. Other rising stars told Insider they wanted to learn from the trials and tribulations of successful people, like the Nike cofounder Phil Knight. Below, find the selection of 29 books that influenced the rising stars, along with their musings of what they learned or how they applied the lessons to their practices.
A post-holiday party hangover calls for cozying up and binging some real estate TV. From the drama of selling a luxury unit to the joy of a new design, there's something for everyone. Here are the best shows to watch this holiday season and where you can stream them. Dramatic tales of what it takes to make millions selling luxury mansions, like "Selling Sunset," will motivate you to crush it at work in 2023. Here are eight of the top binge-worthy real estate TV shows to watch and how to watch them, categorized by four different types of real-estate TV watchers: interior design lovers, organization nerds, drama fiends, and home depot card holders.
Cambria County, PennsylvaniaPercent of wages needed to afford a home: 14.1%Typical annual wage: $44,746Typical mortgage payment per month: $5254. St. Lawrence County, New YorkPercent of wages needed to afford a home: 13.6%Typical annual wage: $55,172Typical mortgage payment per month: $6233. Peoria County, IllinoisPercent of wages needed to afford a home: 13.5%Typical annual wage: $69,238Typical mortgage payment per month: $7802. Schuylkill County PennsylvaniaPercent of wages needed to afford a home: 12.8%Typical annual wage: $50,336Typical mortgage payment per month: $5361. Macon County, IllinoisPercent of wages needed to afford a home: 12%Typical annual wage: $62,686Typical mortgage payment per month: $625
Last quarter saw the fastest drop in home flipping profits since the Great Recession. down for the Warm and sunny places like Honolulu saw the lowest returns and cities like Buffalo saw the highest. "The high end market has basically vaporized, there's nothing there, " Sharga said, repeating the words of a flipper he knows. Those flippers have healthy profit margins even if the overall dollar amounts aren't as high as with luxury homes, he said. Meanwhile, flippers in cities with harsh winters like Pittsburgh — where the typical flipper made a 116.9% profit — and Buffalo, New York, had the largest returns.
Eclipse Cottages builds spacious, energy-efficient tiny homes in South Carolina. He chose Eclipse Cottages to build a 600-square-foot abode in Travelers Rest, South Carolina, at the foothills of the Blue Ridge Mountains. Blue Wells' tiny home in one of Eclipse Cottages' communities. Luxury tiny homes, like the ones Eclipse offers, are still far below the typical single-home price of $425,000, according to Realtor.com. With interest rates soaring this year, younger people are struggling to afford even tiny homes, Draplin said.
Many people who put thousands down on new homes canceled their contracts and lost money, per NPR. They told NPR they didn't have a choice because the payments had grown since rates rose. That's because home builders are feeling the heat too — Paul Schwinghammer, president of the Indiana Builders Association, told NPR that many home builders can't afford to give back the cash. "The sales guy, he always tells us we're going to lose the deposit if we don't buy the house," Paulo Echeverry, one such person, told NPR. Today, with the average 30-year mortgage rate at 6.33%, according to Freddie Mac, the same home would be $1,475 per month, according to Insider's mortgage calculator, a 45% increase in monthly payments.
Fairfield County, Connecticut, is a ritzy NYC suburb known for hedge funds and shoreline mansions. Fairfield County, Connecticut, New York City's ritziest suburban enclave, barely saw any home-price gains in the year through September, according to the Federal Housing Finance Agency. The county's median household income of $101,194 tops the overall median income in the US — $70,784 — by a large margin. Data from Douglas Elliman shows Fairfield County's median sale price rose by 8.2% year-over-year through September, for example. In 2022, with high-cost status, the county's limit has been significantly higher, at $970,000.
Blue Wells and his wife sold their Atlanta home and moved to a tiny-home village in South Carolina. I've always loved tiny homes, so after I got laid off, we decided to buy oneI was working for a software company. I had been an aficionado of tiny homes for years. Blue Wells and his wife Pamela. Most furniture is not built for tiny homes.
Women made up about half of the US real-estate workforce but generally earned less than men in 2021. An analysis found that in some cities, women made up most of the workforce and earned over $50,000. Cities including Toledo, Ohio, and Orlando, Florida, are the top places for women in real estate to work. But the analysis also found several places where women outperformed men in number of employees and in pay. In several metropolitan areas, women made up a bigger share of the real-estate workforce and made more money than their male counterparts.
Sean Kia is one of Insider's Rising Stars of Real Estate for 2022. He applies the Ford production model to real estate. Just three years ago, Tides owned $2 billion in the apartment properties. He's been checking those boxes since he got a start in Phoenix, which became home to some of the company's bread-and-butter investments. The typical renter had been paying only 20% of their income on rent, which represented "really good affordability," Kia said.
Considering sales alone, these cities were among those that saw the most dramatic declines, according to data technology company Zonda. "There are many forces working against the housing market right now," Zonda Chief Economist Ali Wolf said in a report last week. By late spring, the markets were feeling the pain. In both Austin and Phoenix, home prices are rising at a pace 23% slower than they were last year, the report shows. Since late Spring, home prices in Phoenix have dropped 6.7% and in Austin, prices have dropped by over 10% since the end of May.
Meet Insider's third-annual slate of emerging talent in commercial and residential real estate. We selected 30 young professionals 35 and under whose leadership spans a vast industry. Insider has tried to capture the brightest of the bunch in our third-annual Rising Stars of Real Estate list. But real estate isn't all about making money. Presented in alphabetical order by last name, here are the rising stars of real estate for 2022.
Fannie Mae and Freddie Mac help make mortgages available by purchasing them from lenders. The limit will top $1 million for the first time in 2023, reflecting a new norm in US housing. Fannie and Freddie are the largest buyers of US home mortgages and are credited with providing constant liquidity in the housing market through their purchases, even during downturns. Their scope in residential markets is capped by the so-called conforming loan limit, which per a 2008 law is set in accordance to changes in home prices. Outside the priciest areas of the country — which include areas around New York, Washington, DC, and coastal California — the conforming loan limit will also rise by 12.2%, to $726,200.
Rocket Mortgage found five midsize cities that are some of the best places to raise kids. The schools in these cities, where median incomes are mostly over $100,000, are ranked highly. Here's what to know about each city, including the median home price, median income, and population. Midsize cities with moderate costs of living, suburban feels, and good schools are the best choices if you're buying a home with kids in mind, a new Rocket Mortgage report detailing some of the best states and cities for raising a family said. To be sure, the factors identified by Rocket aren't the only ones to consider, as the report's authors noted.
Gen Z's outlook on homeownership has darkened since 2019 , according to mortgage buyer Freddie Mac. , according to mortgage buyer Freddie Mac. The weight of student debt was among the top complaints fielded by Freddie Mac. Younger Americans are also looking particularly overextended with their credit card debt, according to the Federal Reserve Bank of New York. Still, the majority of Gen Z can't seem to get its finances up to snuff, as some numbers bear out.
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