News Summary: US home prices jump 10.9 pct.

News Summary: US home prices rise 10.9 pct. in March, biggest annual gain in 7 years

Associated Press

BIG GAIN: U.S. home prices jumped 10.9 percent in March compared with a year ago, the most since April 2006. The Standard & Poor's/Case-Shiller home price index released Tuesday also showed that all 20 cities measured by the report posted year-over-year gains for the third straight month.

SMALL SUPPLY: A growing number of buyers are bidding on a tight supply of homes, driving prices higher and helping the housing market recover. The number of available homes jumped in April, but was still 14 percent below year-ago levels.

ECONOMY BENFITS: Higher home prices make homeowners feel wealthier and encourages more spending.

Sorry you didn't like this comment. Please provide a reason below.

Are you sure?
Rating failed. Try again.
Request failed. Try again.
We will promote constructive and witty comments to the top, so everyone sees them!
Sorry, we can’t load comments right now. Try again.

    Recommended for You

    • Woman Accidentally 'Steals' Subaru, Brings it Back With Apology Note and Gas Money

      Oops. 'Sorry I stole your car,' read the note inside Erin Hatzi's Subaru.

      Inside Edition
    • Three in Florida, Virginia charged with criminal voter fraud

      The charges targeted a Florida woman and a Virginia man accused of filing bogus voter registration forms and a Florida woman alleged to have tampered with absentee ballots she was opening at the Miami-Dade Elections Department. Republican presidential candidate Donald Trump has charged in recent weeks that the election will be rigged in favor of Democrat Hillary Clinton, though he has shown no proof for these claims and many Republicans have called them unfounded.

    • NASA's carved pumpkins put everyone else's to shame

      That jack-o'-lantern you worked on all weekend doesn't look like much compared to the feats of engineering these NASA Jet Propulsion Laboratory engineers put into their annual pumpkin carving contest. This year's entrants brought it and there's video and photos to prove it.  Devoted NASA JPL mechanical engineer Aaron Yazzie was diligent in sharing inventive takes on the traditional Halloween decoration, much to our viewing pleasure. SEE ALSO: Carve your own 'Overwatch' pumpkins with these spooky stencils First up, the NASASMAP pumpkin. (That's NASA's Soil Moisture Active Passive mission, for the uninitiated.) A @NASASMAP pumpkin #NASAPumpkin — Aaron Yazzie (@YazzieSays) October 27, 2016 Next up is a pumpkin holding real samples from Mars, glowing green and featuring a spacey take on the famous Forest Gump line. Mars Sample Return Pumpkin #NASAPumpkin — Aaron Yazzie (@YazzieSays) October 27, 2016 Popular Netflix show Stranger Things made it into the competition. A @Stranger_Things #NASAPumpkin — Aaron Yazzie (@YazzieSays) October 27, 2016 Now the pumpkins get more intricate.  Martian Sample Return Mission #NASAPumpkin — Aaron Yazzie (@YazzieSays) October 27, 2016 And now the engineers are just showing off. A "Happy 80th Birthday @NASAJPL " #NASAPumpkin with a birthday card to sign. (JPL was founded on Halloween 1936) — Aaron Yazzie (@YazzieSays) October 27, 2016 This one went off-season and pulled out a barbecue — and totally made it work. BBQ #NASAPumpkin on a hand made mini Flotron! — Aaron Yazzie (@YazzieSays) October 27, 2016 Things got political during the competition with Hillary Clinton and Donald Trump pumpkins.  Political Commentary #NASAPumpkin — Aaron Yazzie (@YazzieSays) October 27, 2016 And then things got fun with Pac-Man. PAC-MAN #NASAPumpkin — Aaron Yazzie (@YazzieSays) October 27, 2016 Yazzie unofficially named his group's pumpkin the winner. You can judge for yourself. And best for last, my group's entry: Leonardo, the Mars Copter #NASAPumpkin! — Aaron Yazzie (@YazzieSays) October 27, 2016 You've got until Monday to attempt to make your pumpkin look half as good as all these. 

    • Volkswagen introduces new American-built 7-passenger SUV

      DETROIT (AP) — Volkswagen took a big step toward recovering from its emissions-cheating scandal by introducing a new seven-passenger SUV.

      Associated Press
    • Philippine mayor, nine bodyguards killed in police shoot-out

      A Philippine mayor accused of drug trafficking was killed along with nine bodyguards in a shoot-out with police Friday, authorities said, hours after President Rodrigo Duterte threatened to intensify his crackdown on crime. Samsudin Dimaukom, the mayor of the southern town of Saudi Ampatuan, was one of more than 150 local government officials, judges and police identified by Duterte earlier this year as being involved in the illegal drug trade. The deadly crime war has claimed more than 3,800 lives and drawn criticism from the United States, the United Nations and international rights groups who have accused police of summarily executing suspects.

    • Eric Garner's daughter rips Clinton camp over latest emails

      Emails reveal campaign considered using Garner's death to push agenda

      FOX News Videos
    • Woman writes bad Yelp review because of a bodega cat, and the internet destroys her

      Don't mess with the bodega cats. Walk into any corner store a.k.a bodega in New York City, and you'll find a variety of household goods, beer, probably a deli and almost definitely a resident cat. The cats keep the rats and mice away and in return, they get to hang out inside and take naps on the chip shelf. @georgeferrer A photo posted by Bodega Cats (@bodegacatsofinstagram) on Oct 11, 2016 at 4:54am PDT Usually New Yorkers tend to ignore that bodega cats may be a health code violation, because most people would prefer to see cats hanging around than rats. But recently, one Yelper decided to break the golden bodega cat rule, and gave S.K. Deli Market in the East Village a 1 star review after noticing her bodega had a cat chilling on a stack of Budweisers. Big mistake. Reviewer Diana D, who has since deleted her post, claimed she had ordered from the bodega before, but decided to pick up her food instead of getting it delivered. That's when she noticed the adorable cat protecting its store. You gotta be a miserable gentrifying ass bitch to yelp about the bodega cat — سنكامي (@SynKami) October 24, 2016 "Besides being allergic, I wonder what the health code say(s) about this?" Diana asked in her review.  Twitter user SynKami took a screen grab of the review and shared it to his followers, harshly calling out Diana  for complaining about the bodega cat. Twitter promptly erupted, and the tweet has racked up more than 7,800 retweets at the time of writing. @SynKami @asherahresearch does she realize the cat is there to keep the rats away. Dumbazz — jaja (@JaJasTweets) October 24, 2016 @SynKami tbh, I don't trust a bodega that doesn't have a cat — Carlos LaBestia (@Arturo_Ulises) October 25, 2016 S.K. Deli Market's Yelp page was flooded with positive reviews on Wednesday, supporting both the deli and cat, who's name is Ciao Bella, according to one Yelper.   According to a piece published in the New York Times about the controversy over bodega cats, fines could cost the bodega $300 to $2,000. However, a fine for rodent feces found in a store can also land a bodega with a $300 fine. "It’s hard for bodega owners because they’re not supposed to have a cat, but they’re also not supposed to have rats,” José Fernández, the president of the Bodega Association of the United States, told the New York Times.

    • Elon Musk has a crazy plan to make Tesla vehicles more affordable

      Over the past few months, we've heard rumblings about Tesla's efforts to eventually introduce a Tesla Network, effectively a ridesharing service operated by self-driving Tesla vehicles. During a Tesla event last week, where Tesla introduced hardware capable of supporting fully autonomous driving, the company noted that using a self-driving Tesla for ridesharing "will only be permissible on the Tesla Network, details of which will be released next year." Clearly, Tesla has its eyes on competing with the likes of Uber and Lyft, but the company isn't exactly looking to get rich off such a plan. On the contrary, it wants to put all of that ridesharing money into the pockets of Tesla drivers themselves. DON'T MISS:  We have some bad news about next year’s iPhone 8 When Musk was asked about the Tesla Network and how the rumored initiative fits into the company's overall vision of the future, Musk articulated that fully autonomous Tesla vehicles will be able to generate ridesharing income for owners while they don't need it. Consequently, this will help offset the overall purchase price of the car itself. "This would be something that would be a significant offset on the cost of ownership of a car and then a revenue generator for Tesla as well," Musk explained. "Obviously, the majority of the economics would go to the owner of the car. Sometimes, it's been characterized as Tesla versus Uber or Lyft or something like that. It's not Tesla versus Uber; it's the people versus Uber." It's an interesting strategy to say the least, but one has to wonder when this plan might actually become a reality. Additionally, it will be interesting to see if Tesla owners are even open to the idea of sending their expensive car out on the road to drive itself and random strangers around town.  

      BGR News
    • China to unveil its J-20 stealth fighter at air show

      China will unveil its new generation J-20 stealth fighter jet at an air show next week, the air force said on Friday, the first public showing of a warplane China hopes will narrow the military gap with the United States. The ability to project air power is key for China as it takes on a more assertive stance on territorial disputes with neighbors in the East China and South China seas. The Pentagon has said the fifth generation stealth aircraft China is developing, the J-20 and the J-31, are necessary for China's air force to evolve from a mostly territorial force to one that can carry out both offensive and defensive operations.

    • Mom Pictured Holding Syringe While Allegedly Overdosing With Infant Son in Car: Cops

      In the picture, the woman's head is tilted back and her hand loosely grips a syringe.

      Inside Edition
    • New FBI inquiry reinjects Clinton emails into 2016 race

      MANCHESTER, N.H. (AP) — The FBI says it will investigate whether there is classified information in newly discovered emails that appear to be related to its probe of Hillary Clinton's email practices, reinjecting one of the most toxic political issues into the presidential campaign less than two weeks before Election Day.

      Associated Press 48 min ago
    • Protesting the Dakota Access pipeline (34 photos)

      Police in North Dakota arrested oil-pipeline protesters en masse after a tense standoff and bursts of violence that continued into the night. Authorities said they had arrested 117 people and confirmed two instances of gunshots in the latest flare of tensions over a controversial oil pipeline project. One person was shot in the hand after being “run off the road by protestors,” said the North Dakota Department of Emergency Services. Another protester was arrested after firing three shots at police. No injuries were reported. Law enforcement reported late-night incidents of Molotov cocktails being thrown at officers and fires being set. The chaos began erupting in late morning when police started moving in to break up protest encampments on public roads and on private land. Demonstrators moved to block two roads over the weekend and camped on private land in an effort to stop construction of the Dakota Access Pipeline — the subject of a months-long protest by Native Americans and supporters. Police in riot helmets used a sound cannon device and pepper spray during operations that initially lasted more than five hours, before authorities said most of the several hundred protesters left voluntarily or were arrested. (AFP) See RELATED STORY by Lisa Belkin for Yahoo News See more news-related photo galleries and follow us on Yahoo News Photo Tumblr .    

      Yahoo News Photo
    • Colorado officer gets 16 years in prison for police shooting

      LA JUNTA, Colo. (AP) — A former small town Colorado police officer was sentenced Thursday to 16 years in prison for fatally shooting a man in the back after he followed the man into his mother's home, court officials said.

      Associated Press
    • Philippines says Chinese vessels have left disputed shoal

      By Manuel Mogato MANILA (Reuters) - Chinese ships are no longer at the disputed Scarborough Shoal in the South China Sea and Philippine boats can resume fishing, the Philippine defence minister said on Friday, calling the Chinese departure a "welcome development". Philippine fishermen can access the shoal unimpeded for the first time in four years, Defence Secretary Delfin Lorenzana said, capping off a startling turnaround in ties since his country rattled China by challenging its maritime claims at an international tribunal. The departure of the Chinese coast guard ships comes after President Rodrigo Duterte's high-profile visit to Beijing and his repeated requests for China to end its blockade of the shoal, a tranquil lagoon rich in fish stocks.

    • All-New 2018 Volkswagen Atlas Adds a Three-Row SUV to Carmaker's Lineup

      Volkswagen is joining the three-row family SUV segment, dominated by the likes of the Honda Pilot and Toyota Highlander, with its all-new Atlas. This seven-passenger coach will go on sale in spri...

      Consumer Reports
    • London stocks higher on GDP data as other markets drag

      London stocks rose Thursday after better-than-expected British economic growth data, but other leading markets were listless despite a raft of solid earnings reports.

    • 2017 Lincoln Continental

      Like the brand itself, a work in progress.

      Car and Driver
    • Video: Daughter Surprises Her Dad With Road Trip to See the Cubs

      Jim Beaumont was serving in WWII the last time the Chicago Cubs were in the World Series.

      ABC News q
    • Jury acquits leaders of Oregon standoff of federal charges

      PORTLAND, Ore. (AP) — A jury delivered an extraordinary blow to the government Thursday in a long-running battle over the use of public lands when it acquitted all seven defendants involved in the armed occupation of a national wildlife refuge in rural southeastern Oregon.

      Associated Press
    • Clinton Owning Several Swing States

      The Democrat presidential hopeful is currently leading in Florida, Nevada, North Carolina, and New Hampshire.