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With mortgage rates near 8%, October home purchases slow, but prices stay high

Published Fri, 07 Feb 2025 16:35:35 GMT

Bay Area home sales remained sluggish in October as the supply dwindled and high interest rates kept potential sellers from listing.Sales of existing homes in California fell nearly 12% from last year, according to new data from the California Association of Realtors. That comes as interest rates hit a peak of 7.79% in the last week of October — the highest rate in two decades. Since then, rates have declined, but only modestly, to 7.44%.Even with slowing sales, most buyers aren’t withdrawing from the market solely because of interest rates. Real estate agents say flagging sales reflect a lack of inventory more than waning buyer interest.Jim Hamilton, president of the Silicon Valley Association of Realtors, said buyers “are getting accustomed to those higher interest rates.”“It’s a pretty dramatic jump, but it didn’t happen overnight either,” Hamilton said. Since last year, the Federal Reserve has repeatedly raised its key interest rate in a...

Girls soccer preview 2023-24: Rankings, players to watch, more

Published Fri, 07 Feb 2025 16:35:35 GMT

WHO IS OUR PRESEASON No. 1?St. Francis dominated last season en-route to the CCS Open Division title and a NorCal Division I championship, allowing just eight goals and winning 15 matches by at least two goals. While the Lancers graduated the 2022-23 Gatorade California player of the year Charlotte Kohler and a slew of other contributors, the cupboard is far from bare in Mountain View. Kamryn Rosa and Sophie Murdock bring back all-WCAL talent in midfield and defense. Further bolstering that back-line are a pair of juniors, Gianna Nurisso and Natalie Chan, who both made second-team all-WCAL a year ago. Carondelet and Mountain View are set to challenge St. Francis, but the Lancers should once again be the class of the WCAL and challenge for another NorCal title. STORYLINESCarondelet was a few minutes away from taking St. Francis to extra-time in the NorCal Open Division title game, and brings back Joy Casselman, Victoria Alessandrini and Kaya Durkee. The Cougars will start their seaso...

Salmon have returned to the East Bay’s water source in record numbers. What does it mean?

Published Fri, 07 Feb 2025 16:35:35 GMT

The Mokelumne River, a 95-mile waterway that supplies a majority of drinking water to the East Bay, earned its name because of the abundance of salmon in its waters. Local legend has it that, many years ago, the rivers were so packed with salmon you could walk from shore to shore along their backs.Today, after 100 years of industrialization, the Mokelumne (pronounced muh-kaa-luh-mee), which flows from the Sierra Nevada to the Sacramento-San Joaquin River Delta, is a much different river. Salmon now exist there primarily because of human intervention — hatcheries raise many of the salmon that return to its waters.Related ArticlesEnvironment | There’s good news and bad news about the gray whale migration Environment | See the regrowth: Big Basin time-lapse video shows remarkable recovery of redwood forest from massive wildfire Environment | When people move out, wildlife moves in: 10 abandoned places reclaimed by nature Environment | ...

Fairfield police arrest man after brief chase for allegedly having gun in car

Published Fri, 07 Feb 2025 16:35:35 GMT

(BCN) -- After a short chase, Fairfield police arrested a man who allegedly had a gun in his car early Saturday morning. About 3 a.m., an officer conducted a traffic stop at Pacific and Tabor avenues. AR pistol found in 21-year-old Vallejo resident’s truck in American Canyon The driver, 21-year-old Fairfield resident Davion Donegan, was removed from the vehicle and detained after the officer allegedly saw an open container of marijuana. As he was about to search the vehicle, Donegan allegedly fled. After a foot chase of about 200 yards, though, Donegan was taken into custody, police said. Officers said a loaded firearm was located in the glove box. Donegan was arrested and booked into Solano County Jail. Copyright © 2023 Bay City News, Inc.

Respiratory illnesses spiking in Santa Clara County

Published Fri, 07 Feb 2025 16:35:35 GMT

(BCN) -- A dramatic increase in influenza-like illnesses and emergency room visits in Santa Clara County has prompted health officials to urge residents to get vaccinated.County data focused on local wastewater readings this month shows a rise in RSV, or respiratory syncytial virus, as well as influenza and COVID-19. The concentration of RSV in wastewater has almost doubled in the last week in Gilroy, Palo Alto and Sunnyvale and in the last month in San Jose, according to the county's public health department. Hospitalizations countywide for RSV in the last two weeks are about three times higher than mid-October, data shows, which has led to a countywide push for vaccinations to protect residents. Grandfather, granddaughter swept out to sea: 1 dead, 1 missing Sarah Rudman, deputy health officer for Santa Clara County Public Health Department, said wastewater readings for RSV are higher than this time last year--and COVID-19 wastewater readings have shot up in the last couple of we...

2 DC natives tackling food insecurity in Philadelphia with a new grocery store

Published Fri, 07 Feb 2025 16:35:35 GMT

D.C. natives Eli Moraru and Alex Imbot (center) with community partners, breaking ground for the Community Grocer in West Philadelphia. (Courtesy Eli Moraru) D.C. natives Eli Moraru and Alex Imbot (center) with community partners, breaking ground for the Community Grocer in West Philadelphia. (Courtesy Eli Moraru) Two D.C. natives are helping to tackle food insecurity in Philadelphia with a new type of community grocery store. They hope the idea will catch on around the country, including in their hometown.During the pandemic, Eli Moraru and Alexandre Imbot, founders of the Community Grocer, were volunteers distributing USDA food boxes to neighbors in need in the Grays Ferry neighborhood of Philadelphia. While w...

Stock market today: Wall Street ticks down early ahead of spending, inflation reports

Published Fri, 07 Feb 2025 16:35:35 GMT

Wall Street retreated modestly early Monday as investors look ahead to updates on consumer spending and inflation in the U.S. and other nations. Futures for the Dow Jones industrials and the S&P 500 each ticked down less than 0.2% before the bell.Markets were mostly quiet coming off a holiday shortened week, the fourth straight winning week for Wall Street.Traders have recently grown cautiously optimistic that inflation has cooled enough for the Federal Reserve to finally be done with its market-crunching hikes to interest rates.The Fed will get another big update this week when the government on Thursday releases its October report for a key inflation measure tracked by the central bank.Tuesday’s consumer confidence report from the Conference Board will give economists data on how Americans are feeling about the economy as the holiday shopping season gets underway.Elsewhere, in Europe at midday France’s CAC 40 edged 0.1%, Germany’s DAX fell 0.2% and Britain...

Barcelona looks to regain best form and secure return to knockout stage of Champions League

Published Fri, 07 Feb 2025 16:35:35 GMT

MADRID (AP) — A win against Porto will be enough to put Barcelona back in the knockout rounds of the Champions League after two consecutive group-stage eliminations.It may not be enough to ease the pressure on coach Xavi Hernández, who has struggled to get his team to play well recently.Barcelona is coming off a stretch that includes a 1-0 loss to Shakhtar Donetsk in its last Champions League game, and a 1-1 draw at Rayo Vallecano in its previous Spanish league match. The team has even produced lackluster performances when winning recent matches.“Things did not go as expected lately,” Xavi said. “Against Rayo it was better, but we have lacked continuity. Tomorrow is a great opportunity for us. It can be a turning point. I really believe we will be playing better again. If I didn’t, I wouldn’t even be here.”Barcelona will advance with a win, or with a draw if Shakhtar doesn’t beat Antwerp in the other Group H match on Tuesday. The Catalan club failed to reach the kn...

Cyber Monday marks the year’s biggest online shopping day, and one more chance to save on gifts

Published Fri, 07 Feb 2025 16:35:35 GMT

Consumers are scouring the internet for online deals as they begin to cap off the five-day post-Thanksgiving shopping bonanza with Cyber Monday. Even though e-commerce is now part and parcel of our everyday lives and much of the holiday shopping season, Cyber Monday –- a term coined back in 2005 by the National Retail Federation –- continues to be the biggest online shopping day of the year, thanks to the deals and the hype the industry has created to fuel it. For several major retailers, the “Cyber Monday” sale is a days-long event that begins over the weekend. Amazon’s, for example, kicked off on Saturday and runs through Monday. Target’s two-day event began overnight on Sunday, while Arkansas-based Walmart kicked off its most recent discounts Sunday evening. Consumer spending for Cyber Week — the five major shopping days between Thanksgiving and Cyber Monday — provides a strong indication on how much shoppers are willing to spend during the holiday season. Shoppers ha...

Anavex Life Sciences: Fiscal Q4 Earnings Snapshot

Published Fri, 07 Feb 2025 16:35:35 GMT

NEW YORK (AP) — NEW YORK (AP) — Anavex Life Sciences Corp. (AVXL) on Monday reported a loss of $10.1 million in its fiscal fourth quarter.On a per-share basis, the New York-based company said it had a loss of 12 cents.For the year, the company reported that its loss narrowed to $47.5 million, or 60 cents per share.Anavex Life Sciences shares have dropped 24% since the beginning of the year. The stock has fallen 41% in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AVXL at https://www.zacks.com/ap/AVXLSource