3 Burst results for "William Wheaton"
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"william wheaton" Discussed on WABE 90.1 FM
"News I am Karen Tsar in Mayfield Kentucky The outbreak of tornadoes killed an additional 14 people in Illinois Missouri Tennessee and Arkansas Home prices continue to go through the roof in many parts of the country new numbers out today from the case schiller home price index shows prices rose 19% nationally from a year ago and some areas saw even bigger price jumps NPR's Chris Arnold reports In Phoenix home prices are up 32% year over year Tampa is up 28% Charlotte North Carolina is up 22 William Wheaton is a real estate economist at MIT He says if you adjust for inflation there's never been a period like the last couple of years where house prices consistently year over year There isn't as fast as they have now Whedon says one big factor is very low supply We just did not build enough homes after the Great Recession Also low interest rates and demand from people teleworking and wanting more space But whedon says in most places prices can not keep rising like this going forward And supply will eventually catch up Chris Arnold NPR news While trading on Wall Street got off to a good start this morning it was a mixed day at the closing bell the S&P 500 set a second straight high at the opening bell but finished the day 4.7 points down or one tenth NASDAQ and down ended also ended down for the day This is NPR news From W a B E News in Atlanta good afternoon I'm Jim berez Our time now is four O four Atlanta officials are canceling the annual New Year's Eve peach drop Again the event had been canceled in 2019 because of a location issue It was the next in 2020 and last year because of the pandemic Well the.
"william wheaton" Discussed on 90.3 KAZU
"Left the labor force, potentially setting back their careers beyond the current crisis. I'm making McCarty Carino from marketplace. One more thing on the actual jobs data adhering to the policy of this program that if we stop talking about this stuff, we're gonna stop talking about it. White unemployment 6% last month black unemployment 9.9%. Virus. As I believe I've said a time or two on this show and his, Neela said about three minutes ago is in charge of this economy right now. So who gets the vaccine for it? And when is gonna have a lot to do with how this economy goes among the slices of this economy that lost the most jobs last month? Restaurants and travel and leisure. So it's of note that in Washington, D. C next month, restaurant workers move up in the vaccine line marketplaces Jasmine Garza has that one. Listen, Layne bartenders at several different places in Washington, D C, she says. Even with the pandemic, raging patrons waiting for food and drink, recited that it was okay to take off your mask. If you're sitting down at this table, it's like OK, so the virus stops if you're sitting down, which puts servers like her at risk many times a day, she says. Vaccinating restaurant workers. It definitely is an acknowledgment that restaurant workers are important and we are often exposed to disease without any health insurance and vaccines won't just protect the health of workers. They could be key to rebuilding the health of the restaurant industry. More than 100,000 restaurants have closed temporarily or for good since the pandemic began. Hundreds of thousands of restaurant workers have lost their jobs and millions of people have stopped eating out. William Wheaton is an economist at M. I T. He says. Good at the restaurant industry. It is really hard for city destroyed. That's that's you know, Half the reason people live in cities, Saeko CV heads up Restaurant Opportunities centers, United and advocacy group, he says. The health of people handling our food is critical to combat in the pandemic. We have always considered Restaurant workers. You know, health care as a public health issue, so the DC audience is something that is a very exciting news for us. CB says he hopes other cities and states will follow DC's lead. I'm Jasmine Garza for marketplace. Coming up. It's turned from one need to another need. And so I don't see. I don't think bartering will ever go out. Get by in this pandemic economy, but first Just do the numbers down. Industrials Up 56 today 1/10 Percent 31,000 and 97, the NASDAQ added. 134 points 1% 13,002 01 It should be. 500 found. 20 points about a half percent 38 24 for the five days going by. Remember, we talked about disconnects on this program yesterday, The Dow up 1.6%, the NASDAQ ascended 2.4%, the S and P. 500 Rose 1.8% Visor says it's Coben vaccine appears to be effective. Against new variants of the virus, not peer. Reviewed, though Fizer up 2/10 percent German partner beyond Tech or by on tech, The CEO says you can say it either way back down more than 7%. You're listening. The marketplace marketplace is supported by G E P. Helping build resilience supply chains with strategy, Manage services and AI based Cloud native software.
NPR's Business Story of the Day
Who Needs A Realtor? iBuyers Pay Instant Cash For Your House
"So if you're looking to sell your house and you don't want to deal with realtors maybe don't want people tromping through your living room while there is another option. Companies called either buyers used these computer algorithms to determine an offer price the downside of this it is typically a lower figure than if you went with a traditional route. Here's NPR's Chris. Arnold Janet Jenkins and her husband recently separated. She moved across the country to North Carolina and they decided to sell their home outside Los Angeles and doing open houses to show. The place was problematic in part because Jenkins has a lot of pets as in parrots and and peacocks and her husband was still living in the house with some of them. This is wrangler. Wrangler is an ECLECTIC parrot. He gets into a lot of mischief. And then of course you have the dog crate and you had the bird cages and it was just not the best environment. Kinda here right now how. It might showing the transfer of my places zoo. She knew the realtors would want the animals and her estranged husband out of the house which would mean him catching the bird each time. The parrot is not my husband's favorite pet also needed some repainting and carpeting to get really ready to show and she didn't want to deal with that and so I started looking up home-buying services in ran into Renton instant buyer or EIBAR. Services are growing very quickly in parts of the country companies such as Red Fin zillow open door and offerpad will give you an offer to buy your house in about a day. Then they'll send it inspector by take a closer look now can get you the money for your home as quickly as a week. Daryl fairweather is red fins chief economist. She says I buying companies also offer flexibility. So you can time the selling of your house perfectly to work with buying a new house and moving the eye buyers then spruce up to has is that they buy and sell them again. Redfin today is releasing a report on all the homes being sold this way around the country in Raleigh North Carolina more than seven percent of sales in two thousand nineteen were either sales so it's becoming quite prevalent there and then in markets like Phoenix Charlotte. Atlanta it's more than five percent of sales and fairweather says in many of those places I by our sales doubled from the year before. Redfin is also buying homes in southern California in Janet Jenkins case. She went online answered some questions about her house. And REDFORD's computers ran their algorithms and offered her around five hundred thousand dollars Jr actually thought that was a bit low and so did two of her friends who are realtors so I pushed back. Redfin made her a better offer and they had a deal. Jagan says she thinks he could have made more. Maybe ten thousand dollars if she took the time to fix up the house herself and sold it the traditional way you delete money on the table and while we did. We didn't leave that much. Redfin does get a fee like a regular realtor commission. The company wouldn't say what it's average profit per home is so. Is it a good idea to try to sell your house this way? William Wheaton is a housing economist at MIT. He says it the key to this whole thing is that it works in places where many houses are similar places. Where a lot of these? Ibm Sales Are Phoenix. Las Vegas you have sprawling subdivisions. Warehouses are almost identical. There's not a lot of difficulty in pricing. Those houses the ones where the swimming pool or worth a little more than the ones without but you can do statistical modeling of that and just nail it be ninety nine percent correct in predicting the press and that means I buy off you just a little less than what. The House is worth and still be confident that they can sell it for a little profit but in areas where has are not similar. Say older cities where some homes are newer. Some old some renovated some are not prices are all over the place in those areas. The I. Buyers have to be really really careful so we didn't says they're like we offer you a very low ball price because they are really sure what the house is worth and they don't WanNa lose money exactly. That's why the I. Buying companies so far focusing on places with a lot of similar housing still waiting says in places like that he thinks buyers could really change the way. Homes are sold in large parts of the country. Chris Arnold NPR