05-22-2018  2:34 pm      •     
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NEWS BRIEFS

Mississippi Avenue Giving Tuesday

On Tuesday, May 22, 10 percent of proceeds from participating Mississippi Ave. businesses will go to SEI ...

Raina Croff to Speak at Architectural Heritage Center

'When the Landmarks are Gone: Older African Americans, Place, and Change in N/NE Portland’ describes SHARP Walking Program ...

Portland Playhouse Presents August Wilson’s ‘Fences’ Through June 10

May 20 performance will include discussion on mental health; June 10 performance will be followed by discussion of fatherhood ...

Peggy Houston-Shivers Presents Benefit Concert for Allen Temple CME

Concert to take place May 20 at Maranatha Church ...

Police identify driver in Oregon crash that killed 4

YONCALLA, Ore. (AP) — Authorities have identified the wrong-way driver in a fiery, quadruple fatal crash in southwestern Oregon.Oregon State Police say a car driven by 65-year-old Gayle Ward of Vancouver, Washington, was southbound on Interstate 5 when it suddenly turned around and began...

Agencies warn of cougars after fatal attack on cyclist

BEND, Ore. (AP) — Local and federal agencies are warning residents in western Washington and central Oregon to be on the lookout for cougars.The Sunriver Police Department and the Bureau of Land Management both issued warnings Saturday after sightings of the animal were reported in Sunriver...

Police identify driver in Oregon crash that killed 4

YONCALLA, Ore. (AP) — Authorities have identified the wrong-way driver in a fiery, quadruple fatal crash in southwestern Oregon.Oregon State Police say a car driven by 65-year-old Gayle Ward of Vancouver, Washington, was southbound on Interstate 5 when it suddenly turned around and began...

Agencies warn of cougars after fatal attack on cyclist

BEND, Ore. (AP) — Local and federal agencies are warning residents in western Washington and central Oregon to be on the lookout for cougars.The Sunriver Police Department and the Bureau of Land Management both issued warnings Saturday after sightings of the animal were reported in Sunriver...

OPINION

Golfing While Black Is Not a Crime

Grandview Golf Club asks five Black women to leave for golfing too slow ...

Discovering the Best of Black America in 2018

Dr. Benjamin F. Chavis discusses the DTU Journalism Fellowship & Scholarship Program ...

Will Israel’s Likud Party Ever Respect the Rights of Palestinians?

Bill Fletcher weighs in on the precarious future of the two-state solution between the Israeli government and the Palestinian people ...

The Future of Medicinal Marijuana in Pets

Dr. Jasmine Streeter says CBD-derived products show beneficial therapeutic benefits for pets ...

AFRICAN AMERICANS IN THE NEWS

Palestinians ask ICC to investigate alleged crimes by Israel

THE HAGUE, Netherlands (AP) — Accusing Israel of systematic crimes, including apartheid in the occupied territories, Palestinians on Tuesday urged the International Criminal Court to open an investigation that could ultimately lead to charges against Israeli leaders.Israel immediately...

Man charged with shooting at black teen waives hearing

ROCHESTER HILLS, Mich. (AP) — A white suburban Detroit homeowner accused of shooting at a black teenager who came to his door to ask for directions will stand trial.Jeffrey Zeigler was bound over Tuesday to circuit court after waiving his preliminary examination on assault with intent to...

GLAAD study finds LGBTQ representation in film fell in 2017

LOS ANGELES (AP) — Despite high-profile Oscar wins for art house films like "Call Me By Your Name" and "A Fantastic Women," LGBTQ representation in films from the seven biggest Hollywood studios fell significantly in 2017 according to a study released Tuesday by the advocacy organization...

ENTERTAINMENT

Roseanne Barr promises an upbeat 'Roseanne' season finale

NEW YORK (AP) — Roseanne Barr says the season finale of her revived and controversial ABC sitcom "Roseanne" will come to a climax Tuesday with the embrace of a hopeful principle."We're wrapping up the season in a great way that kind of gives the idea that government can really help people....

Woman accuses R. Kelly of sexual battery, giving her herpes

NEW YORK (AP) — R. Kelly sexually abused and demeaned a woman, locked her in rooms and vehicles for punishment and infected her with herpes, according to a lawsuit that furthers a string of misconduct accusations against the platinum-selling singer.Faith Rodgers said in the suit filed Monday...

A farewell to the road for Paul Simon

NEW YORK (AP) — Farewell tours don't always mean farewell, but are a ripe time for appreciation and appraisal. Paul Simon's concerts and a new biography offer the opportunity for both.Simon's "Homeward Bound" tour began last week in Vancouver and takes him across North America, to Europe and...

U.S. & WORLD NEWS

Judge sides with parents, boots adult son from New York home

SYRACUSE, N.Y. (AP) — In a real-life case of "Failure to Launch," an upstate New York judge Tuesday ordered...

Trump won't say if he has confidence in Rosenstein

WASHINGTON (AP) — President Donald Trump declined to say Tuesday whether he has confidence in Deputy...

The princes, the president and the fortune seekers

WASHINGTON (AP) — After a year spent carefully cultivating two princes from the Arabian Peninsula, Elliott...

Tear gas, broken windows disrupt Paris labor march

PARIS (AP) — Clashes between police and groups of masked youths erupted Tuesday on the sidelines of a labor...

The Latest: Italy PM pick had 'no official status' at NYU

MILAN (AP) — The Latest on the law professor picked to be Italy's next premier (all times local):9:45...

The princes, the president and the fortune seekers

WASHINGTON (AP) — After a year spent carefully cultivating two princes from the Arabian Peninsula, Elliott...

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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