Category: Economy
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Hot Weekend Forecast: Derrah Getter Predicts Heat and Humidity
Forecaster Derrah Getter anticipates a warm end to the work week across the region, with temperatures reaching near 90°F by Friday accompanied by increased humidity levels. The weather pattern is expected to shift over Father’s Day weekend, promising more comfortable conditions. Friday’s Forecast: Warmer Temperatures and Rising Humidity Friday will see temperatures nearing 90°F as…
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Housing Market in Greater Boston Sees Record Median Prices
In May 2024, the median sales price for single-family homes in Greater Boston reached a staggering $950,000, marking a significant 5.6% increase from the previous year. This surge comes amidst a national housing shortage that has left the United States short of approximately 4.5 million homes, according to Zillow. The local market mirrors this trend,…
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Oakland’s 60th Avenue Transformed: Major Road Paving Milestone
OAKLAND, Calif. – Mayor Sheng Thao of Oakland proudly announced a significant milestone in the city’s infrastructure development, highlighting the completion of 200 miles of road paving during a recent social media update. Joined by Josh Rowan, the newly appointed Director of the Department of Transportation, Mayor Thao showcased the city’s commitment to enhancing its…
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San Francisco Bay Area Faces Severe Inflation Struggles
Inflation in the United States may be slowing, but the San Francisco Bay Area is grappling with severe inflation challenges, ranking in the top four nationwide according to a recent report by WalletHub. WalletHub Report: Comparing Major Metropolitan Areas WalletHub’s analysis compared 23 major metropolitan areas across two key metrics related to the Consumer Price…
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Boston Housing Market Nears $1 Million Median Price
The median sales price for single-family homes in Massachusetts surged to a record $950,000 in May, as reported by the Greater Boston Association of Realtors (GBAR). This represents a 5.6% year-over-year increase amid high mortgage rates and rising insurance premiums, highlighting the persistent imbalance between supply and demand in the housing market. Market Overview Single-Family…
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Denver Faces Housing Shortage, Ranks 15th in Demand for Homes
Denver has emerged as one of the cities grappling with a significant shortage of available homes, according to a recent report by Zillow. The study identifies Denver among the top 50 metro areas with the highest demand for housing, where the number of missing homes exceeds available units for rent or sale. Understanding the Concept…
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Baltimore Gas Prices See 10.4 Cent Increase Over Past Week
BALTIMORE, MD — Gas prices in Baltimore have surged by 10.4 cents per gallon over the past week, reaching an average of $3.61 per gallon, according to the latest survey from GasBuddy. This increase marks a significant rise compared to previous months, with prices now standing 9.5 cents higher than a month ago and 21.5…
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Gas Prices in Columbus Rise 22.1 Cents per Gallon
Gasoline prices in Columbus, Ohio have surged recently, reflecting broader trends in the energy market as well as regional dynamics affecting supply and demand. Over the past week, the average price for a gallon of regular unleaded gasoline in Columbus has increased by 22.1 cents, reaching $3.49. Despite this rise, recent data from GasBuddy indicates…
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Powerball Winner in Riverside County, California
A lucky individual in Riverside County, California, has struck gold with a winning Powerball ticket worth $346,728, purchased at a State Bros. on Ramon Road in Cathedral City. This windfall comes amidst the excitement of the latest lottery drawing where the winning numbers were 19, 30, 31, 61, 62, with Powerball number 21. As the…
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US Cities Battle High Inflation: April CPI Insights
In the latest Consumer Price Index (CPI) report for April, the United States witnessed a marginal decline in inflation, marking a notable shift after months of persistent increases following the COVID-19 pandemic. Despite this dip, inflation continues to impact households across the nation, with certain cities facing more pronounced challenges. Key Metropolitan Areas Affected by…
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Raleigh Tops Southeast Rental Market, Data Shows
Raleigh, N.C. emerges as the most competitive rental market in the Southeast, according to a recent report by RentCafe. The study analyzes several key metrics to determine market competitiveness, highlighting the city’s robust housing demand and supply dynamics. Factors Driving Raleigh’s Rental Market The report evaluates the following factors to assess market competitiveness: Realtor Jason…
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Ohio Releases Guide to Choosing Real Estate Agents
CLEVELAND, Ohio – Ohio’s Department of Commerce aims to assist residents in selecting the ideal real estate agent with the launch of its comprehensive online resource, coinciding with Homeownership Month. In an effort to streamline the process for prospective homebuyers and sellers, the Ohio Department of Commerce Division of Real Estate and Professional Licensing introduced…
