02-08-2023  2:36 pm   •   PDX and SEA Weather
  • 1
  • 2
  • 3
  • 4

NORTHWEST NEWS

Arrest Made in Stolen Yacht Rescue, 'Goonies' Fish Incident

Oregon police called it a series of “really odd” events along the Pacific Northwest coast spanning 48 hours that concluded Friday night with the arrest of a Canadian man.

Portland Cop Fired for Leaking False Allegations Against City Commissioner Reinstated

Mayor Ted Wheeler fired Brian Hunzeker after he leaked a false complaint saying city Commissioner Jo Ann Hardesty had been involved in a hit-and-run crash.

Hundreds of Portland City Workers on Strike for Better Pay

Workers represented by the union Laborers’ Local 483 have been without a contract since June. Negotiations over a new four-year deal broke down in December

Washington State Gov. Inslee Tests Positive for COVID-19

He plans to continue working. Trudi Inslee, the first spouse, has tested negative.

NEWS BRIEFS

Merkley Applauds President Biden’s 2023 State of the Union Address: America is Stronger When We Come Together to Lift Everyone Up

If there’s one takeaway tonight that will stick with me, it’s how much stronger our country can be when our leaders focus on...

Washington State Arts Commission and Department of Veteran Affairs Partner to Support Veterans Through the Arts

0,000 in grants will support arts programming across four Veteran Homes ...

The Black Business Association of Oregon Hires its First Communications Director

Previously, Sommer Martin was director of downtown marketing for the Portland Business Alliance ...

Allen Temple C.M.E. Church Announces Annual Unsung Heroes & Heroines Award Luncheon

The purpose of the award is to acknowledge and honor individuals and/or organizations who are unsung heroes/heroines who make a...

Bonamici Invites Portland Community College President to 2023 State of the Union

PCC recently received 0K to advance semiconductor, advanced manufacturing training ...

Famed Portland goats let loose in protest of homeless sweep

PORTLAND, Ore. (AP) — A herd of city goats well-known in Portland, Oregon, were temporarily set free Tuesday morning in what appeared to be an act of protest against a planned sweep of a nearby homeless encampment. The fence of the goats' enclosure in north Portland was cut,...

Nevada lithium mine wins ruling; green energy fights rage on

RENO, Nev. (AP) — A U.S. judge has ordered the government to revisit part of its environmental review of a lithium mine planned in Nevada, but denied opponents’ efforts to block it in a ruling the developer says clears the way for construction at the nation's largest known deposit of the rare...

Missouri has 4 in double figures, beats South Carolina 83-74

COLUMBIA, Mo. (AP) — Kobe Brown scored 19 points to lead four in double figures as Missouri rolled past South Carolina 83-74 on Tuesday night. Missouri (18-6, 6-5 SEC), which rebounded from a 63-52 loss at Mississippi State, has won four of its last five games while South Carolina...

DeVries scores 32 as Drake downs Murray State 92-68

MURRAY, Ky. (AP) — Tucker DeVries' 32 points led Drake over Murray State 92-68 on Tuesday night. DeVries also contributed six rebounds for the Bulldogs (20-6, 11-4 Missouri Valley Conference). Roman Penn scored 18 points while going 7 of 12 and 4 of 5 from the free throw line, and...

OPINION

Updates That May Affect Your Tax Season

The IRS released a statement that taxpayers should brace themselves for small tax refunds due to no economic impact payments ...

Unaffordable Rental Costs Now Plague 44 Million People in Every State Economic Inequality Places Most Risk of Eviction on Blacks and the Poor

For the first time in more than two decades of research, every state now has renters who are nearing a financial breaking point in housing affordability. ...

The Beating and Murder of Mr. Tyre Nichols, A Black Man

Time to Abolish the Criminal Injustice System ...

It's Time to Irrigate the Fallow Ground of Minority Media Ownership

In 2023, one aspect of civil rights and racial justice that barely remains addressed is racial inclusion in media ownership. ...

AFRICAN AMERICANS IN THE NEWS

Stella Jean quits Milan Fashion Week over lack of inclusion

MILAN (AP) — The only Black designer belonging to Italy’s fashion chamber withdrew Wednesday from this month’s Milan Fashion Week, alleging a lack of support for diversity and inclusion after the chamber “abandoned” a project to promote young designers of color working in Italy. ...

Arkansas Gov. Sanders slams Biden for 'woke fantasies'

LITTLE ROCK, Ark. (AP) — Arkansas Gov. Sarah Huckabee Sanders painted a dystopian portrait of the country in her rebuttal to President Joe Biden’s State of the Union address Tuesday night, leaning heavily into Republican culture war issues and accusing Biden of pursuing “woke fantasies.” ...

Douglas Emmett: Q4 Earnings Snapshot

SANTA MONICA, Calif. (AP) — SANTA MONICA, Calif. (AP) — Douglas Emmett Inc. (DEI) on Tuesday reported a key measure of profitability in its fourth quarter. The results did not meet Wall Street expectations. The Santa Monica, California-based real estate investment trust said it...

ENTERTAINMENT

At last: Streisand memoir 'My Name is Barbra' coming Nov. 7

NEW YORK (AP) — Barbra Streisand's very long and very long-awaited memoir, a project she has talked about for years, is coming out this fall. Viking, a Penguin Random House imprint, will release “My Name is Barbra” on Nov. 7. Her memoir, fitting for a superstar of the grandest...

After ticket flap, Springsteen's fan magazine shutting down

NEW YORK (AP) — A magazine and website that has served Bruce Springsteen's fans for 43 years is shutting down, with its publisher writing that he's been disillusioned by the debate over ticket prices for their hero's current tour. Backstreets had been an unusually robust publication...

Dudamel to become NY Philharmonic music director, leave LA

NEW YORK (AP) — Gustavo Dudamel will become music director of the New York Philharmonic for the 2026-27 season, ending a heralded tenure with the Los Angeles Philharmonic that began in 2009. The 42-year-old Venezuelan conductor agreed to a five-year contract as New York’s artistic...

U.S. & WORLD NEWS

Scenes of devastation as Turkey, Syria quake kills thousands

With the death toll climbing after the deadliest earthquake in over a decade brought massive destruction to parts...

Microsoft's Activision deal hurts gamers, UK watchdog says

LONDON (AP) — Microsoft’s stalled .7 billion deal to buy video game company Activision Blizzard has hit a...

Day care in Canada struck by city bus; 2 children dead

A city bus crashed into a day care center north of Montreal on Wednesday, killing two children and injuring six,...

Danish queen to undergo 'major back surgery'

COPENHAGEN, Denmark (AP) — Denmark’s Queen Margrethe II, whose half-century reign makes her Europe’s...

Blaze at US drone plant in Latvia; arson not suspected

HELSINKI (AP) — Firefighters worked for a second day Wednesday to fully extinguish a blaze at a U.S. company’s...

Stella Jean quits Milan Fashion Week over lack of inclusion

MILAN (AP) — The only Black designer belonging to Italy’s fashion chamber withdrew Wednesday from this...

Chris Isidore CNN Money

NEW YORK (CNNMoney) -- The majority of Americans now are forecasting home prices to rise, and only about a third are expecting prices to fall, a reversal in attitudes of a year ago.

A monthly survey by mortgage finance firm Fannie Mae found 51% of those questioned in April believe prices will rise in the next 12 months, while only 35% are projecting a drop in prices. It is the first time in the three-year history of the survey that a majority said they expect prices to increase.

A year ago, 49% were expecting further price declines while only 32% said they though prices were on their way up.

The latest data from the housing market back up the this new level of confidence in the housing recovery. The S&P Case-Shiller Home Price Index rose 9.3% over the last 12 months, the biggest annual rise in home prices since the height of the housing bubble in 2006.

"Crossing the 50% threshold marks a significant milestone, as most Americans believe a housing recovery is truly occurring throughout the country," said Doug Duncan, chief economist for Fannie Mae.

People who were sitting on the sidelines because of concerns that prices were still falling can be drawn back into the market once they believe prices are on their way up again. Home sales are up 10% from a year ago, helped not only by the climbing prices but also record low mortgage rates and falling unemployment.

The survey found that those expecting prices to go up are forecasting a 7.2% rise, on average. It also found 71% think it is a good time to buy a home, relatively unchanged from a year ago, but the percentage who think it's a good time to sell has doubled over the last year to 30%.

The increase in those thinking positively about selling is also important for the market, as a tight supply of homes for sale has been one of the drags on the market.

The survey is based on the responses of 1,001 respondents, ages 18 and older.

 

MLK Breakfast 2023

Photos from The Skanner Foundation's 37th Annual Martin Luther King, Jr. Breakfast.