05-29-2024  11:59 am   •   PDX and SEA Weather
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NORTHWEST NEWS

Rose Festival Grand Floral Parade Grand Marshal is Greg McKelvey

McKelvey is the band director at Battle Ground High School

New Police Oversight Board Still On Track Despite Challenges, A Trip to Court

But advisory committee members say they’re left in the dark about the progress of city code they helped form.

Oregon 2024 Primary Results

Maxine Dexter, Janelle Bynum, Dan Reyfield and Elizabeth Steiner secure nominations; other races too soon to call.

AP Decision Notes: What to Expect in Oregon's Primaries

Oregon has multiple hotly contested primaries upcoming, as well as some that will set the stage for high-profile races in November. Oregon's 5th Congressional District is home to one of the top Democratic primaries in the country.

NEWS BRIEFS

First Meeting of Transportation Committee Statewide Tour to be at Portland Community College

The public is invited to testify at the Portland meeting of the 12-stop Transportation Safety and Sustainability Outreach Tour ...

Forest Service Waives Recreation Fee for National Get Outdoors Day

National Get Outdoors Day aims to connect Americans with the great outdoors and inspire them to lead healthy, active lifestyles. By...

Acclaimed Portland Author Renée Watson Presents: I See My Light Shining

The event will feature listening stations with excerpts from the digital collection of oral testimonies from extraordinary elders from...

Portland Parks & Recreation’s Summer Free For All Returns for 2024

Parks Local Option Levy brings the city a full slate of free movies, concerts (including pop icon Sheila E), Free Lunch + Play, the...

GFO Library Open on Memorial Day

We are remaining open to give our patrons an opportunity to use the library on a day off from work. ...

A driver with an Oregon-based medical care nonprofit is fatally shot in Ethiopia while in a convoy

PORTLAND, Ore. (AP) — A staff member with an Oregon medical care nonprofit was killed when the team he was traveling with in a convoy was fired upon in Ethiopia, officials said Monday. Mustefa Alkisim was a Medical Teams International driver traveling in the insecure Amhara region...

Oregon wineries and vineyards seek 0 million from PacifiCorp for wildfire smoke damage to grapes

PORTLAND, Ore. (AP) — Dozens of Oregon wineries and vineyards have sued PacifiCorp over the deadly 2020 wildfires that ravaged the state, alleging that the utility's decision to not turn off power during the Labor Day windstorm contributed to blazes whose smoke and soot damaged their grapes and...

Duke tops Missouri 4-3 in 9 innings to win first super regional, qualify for first WCWS

COLUMBIA, Mo. (AP) — D'Auna Jennings led off the top of the ninth inning with a home run to end a scoreless pitching duel between Cassidy Curd and Missouri's Laurin Krings and 10th-seeded Duke held on for a wild 4-3 victory over the seventh-seeded Tigers on Sunday in the finale of the...

Mizzou uses combined 2-hitter to beat Duke 3-1 to force decisive game in Columbia Super Regional

COLUMBIA, Mo. (AP) — Laurin Krings and two relievers combined on a two-hitter and seventh-seeded Missouri forced a deciding game in the Columbia Super Regional with a 3-1 win over Duke on Saturday. The Tigers (48-17) had three-straight singles in the fourth inning, with Abby Hay...

OPINION

The Skanner News May 2024 Primary Endorsements

Read The Skanner News endorsements and vote today. Candidates for mayor and city council will appear on the November general election ballot. ...

Nation’s Growing Racial and Gender Wealth Gaps Need Policy Reform

Never-married Black women have 8 cents in wealth for every dollar held by while males. ...

New White House Plan Could Reduce or Eliminate Accumulated Interest for 30 Million Student Loan Borrowers

Multiple recent announcements from the Biden administration offer new hope for the 43.2 million borrowers hoping to get relief from the onerous burden of a collective

Op-Ed: Why MAGA Policies Are Detrimental to Black Communities

NNPA NEWSWIRE – MAGA proponents peddle baseless claims of widespread voter fraud to justify voter suppression tactics that disproportionately target Black voters. From restrictive voter ID laws to purging voter rolls to limiting early voting hours, these...

AFRICAN AMERICANS IN THE NEWS

Biden and Harris will launch a Black voter outreach effort as they see signs of diminished support

PHILADELPHIA (AP) — President Joe Biden and Vice President Kamala Harris are stepping up their reelection pitch to Black voters, a key part of their 2020 winning coalition that has shown signs of fraying. They'll launch a new Black voter outreach effort during a visit to the...

Major leaguers praise inclusion of Negro Leagues statistics into major league records

CHICAGO (AP) — Buck Leonard. Charlie “Chino” Smith. Turkey Stearnes. Baseball players and fans alike are learning more about the Negro Leagues after the statistics for more than 2,300 players — historic figures like Josh Gibson, Oscar Charleston, Satchel Paige and Mule Suttles...

Noose used in largest mass execution in US history will be returned to a Dakota tribe in Minnesota

MINNEAPOLIS (AP) — A noose that was used in the largest mass execution in U.S. history will be returned to a Dakota tribe, the Minnesota Historical Society announced. The society plans to repatriate what is known as the Mankato Hanging Rope to the Prairie Island Indian Community...

ENTERTAINMENT

With a new War Rig and a fleet of motorbikes, 'Furiosa' restarts the motorized mayhem of 'Mad Max'

NEW YORK (AP) — When it was time to start making “Furiosa: A Mad Max Saga,” production designer Colin Gibson went to a garage in Australia to find some old friends. It had been years since 2015’s “Fury Road” wrapped production. Many of the vehicles seen in the film had...

The Beach Boys, going into the sunset, look back on years of harmony and heartache in documentary

Both the Beach Boys and “The Beach Boys” — the new documentary dropping Friday on Disney+ — are all about blending a range of voices. The three Wilson brothers — Brian, Carl and Dennis — along with cousin Mike Love and friend Al Jardine, brought a harmonic revolution to...

Documentary filmmaker Morgan Spurlock, who skewered fast food industry, dies at 53

NEW YORK (AP) — Documentary filmmaker Morgan Spurlock, an Oscar nominee whose most famous works skewered America's food industry and who notably ate only at McDonald’s for a month to illustrate the dangers of a fast-food diet, has died. He was 53. Spurlock died Thursday in New...

U.S. & WORLD NEWS

Key Republican calls for 'generational' increase in defense spending to counter US adversaries

WASHINGTON (AP) — The top-ranking Republican on a Senate committee that oversees the military is calling for a...

Inflation pressures lingering from pandemic are keeping Fed rate cuts on pause

WASHINGTON (AP) — Hopes for interest rate cuts this year by the Federal Reserve are steadily fading, with a...

What you will and won't see from June's planetary parade

DALLAS (AP) — Six planets will link up before dawn on June 3 in what’s known as a planetary parade. But the...

A Jewish veteran from London prepares to commemorate the 80th anniversary of the D-Day landings

LONDON (AP) — Even as he prepared to embark for the battlefields of Normandy, Pvt. Mervyn Kersh was summoned by...

A woman will likely be Mexico's next president. But in some Indigenous villages, men hold the power

PLAN DE AYALA, Mexico (AP) — At 4:30 a.m., the girls and women begin to appear in the dark streets of this rural...

Heat-related monkey deaths are now reported in several Mexican states

MEXICO CITY (AP) — Heat-related howler monkeys deaths have now been reported in two more states in southern...

Derek Kravitz AP Real Estate Writer

WASHINGTON (AP) -- Americans bought slightly more new homes in October, a hopeful sign for the troubled housing market. But the median sales price fell to its lowest level of the year, and the overall sales pace is trailing last year's - the worst in half a century.

The report suggests housing continues to drag on the U.S. economy and is a long way from recovering.

New-home sales increased 1.3 percent last month to a seasonally adjusted annual rate of 307,000, the Commerce Department said Monday. That's less than half the 700,000 that economists say must be sold to sustain a healthy housing market.

September's figures were also revised down significantly to show a weaker pace than first estimated.

Last year's 323,000 new homes sold were the fewest since the government began keeping records in 1963. This year isn't faring much better.

While new homes sales represent a fraction of the housing market, they have an outsize impact on the economy. Each home built creates an average of three jobs for a year and generates about $90,000 in tax revenue, according to the National Association of Home Builders.

Many builders have stopped working on new projects because they can't obtain financing. The number of new homes for sale in the United States fell in October to a record low of 162,000.

They are also struggling to compete against cheaper re-sales, even as they lower their own prices. The median sales price of a new home fell 0.4 percent in October from September, to $212,300.

Steven Wood, chief economist at Insight Economics, said the small number of new homes for sale should help the housing market recover quicker when prices begin to rise. But he said: "A sustained rebound in new home sales appears unlikely."

For many Americans, buying a home is too big a risk more than four years after the housing bubble burst.

Home prices have tumbled, the job market remains weak and unemployment has been stuck near 9 percent for more two years. Some people who want to buy can't qualify for a loan or make the higher down payments that banks are demanding.

Sales are slumping even though mortgage rates are hovering above historic lows.

Yet sales of previously owned homes are also dismal. They rose slightly last month to a seasonally adjusted annual rate of 4.97 million units, the National Association of Realtors said last week. That's below the 6 million that economists say is consistent with sales in a healthy market and barely ahead of last year's totals, which were the fewest since 1997.

In October, sales were uneven across the country. They increased 22.2 percent in the Midwest and 14.9 percent in the West. But they were unchanged in the Northeast and fell 9.5 percent in the South.

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The Skanner Foundation's 38th Annual MLK Breakfast