Plus: All-cash buyers buoy luxury housing market while mortgage rates sink everyone else, and is Gen Z the most undateable generation ever?
All-cash buyers buoy luxury housing market while mortgage rates sink everyone else |
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| | While high mortgage rates are keeping everyday working Americans out of the housing market, wealthy buyers with the means to buy multimillion dollar homes in cash are doing just fine. In fact, luxury home prices, sales and inventory are all outpacing the regular real estate market, a reversal from last year when high-end buyers pulled back. Here's how the median home price for luxury U.S. homes compared to non-luxury homes from last year: The median price of luxury U.S. homes rose 9% year over year to $1.1 million. The median price of non-luxury homes increased only 3% to $340,000. |
Read more about how million-dollar home prices, sales and inventory are outpacing other real estate sectors. |
| Why this ‘Dreamer’ wants Biden to expand work permits for immigrant workers |
Bridger Beal-Cvetko: "Enrique Sanchez grew up with local police officers as role models and dreamed of someday putting on the badge himself, though he never got the chance to follow through on that ambition. "Although he only remembers living in Utah, Sanchez was born in Mexico and moved with his parents to the U.S. as a 2-year-old. As a 'Dreamer,' he would later learn, he is ineligible to become a police officer under current law. "'Every single aspect of my life has been impacted by immigration,' he said. "With that door closed due to his immigration status, Sanchez instead pursued a criminal justice degree while working in a civilian role for a local police department and began advocating for immigration reform. "Now, he's among several Utah groups urging President Joe Biden to expand work authorization for long-term immigrants, in hopes of opening doors for young people like himself." Read more about the Here to Work campaign. | Faith Elder Uchtdorf meets with 9 ambassadors, 3 senators in Washington, D.C. (Church News) Jennifer Graham: 'Just about anybody' can perform a wedding. Is this trend contributing to divorce? (Deseret News) Despite challenges in Europe, members continue living the gospel of Jesus Christ, reports Elder Cook after recent visit (Church News) Politics Behind the scenes with RFK Jr. (Deseret News) Elliot Haspel: Why both Democrats and Republicans should get behind Biden’s request for child care funding (Deseret News) Salt Lake County High school entrepreneurs in Utah can bring their innovative ideas to life (KSL) Safe Routes Utah rewards kids for walking, riding bikes to school (KSL) Southern Utah St. George man and woman involved in fatal incidents on Bluff Street identified as siblings (St. George News) Utah appeals court decision to toss lawsuit over Bears Ears, Grand Staircase-Escalante (The Spectrum) The Nation Why it takes so long to get advanced nuclear reactors up and running (Deseret News) Phoenix finishes clearing downtown homeless encampment after finding shelter for more than 500 (Deseret News) The World Nepal earthquake: More than 150 killed in remote western Nepal (BBC) Many Gaza residents remain trapped in the north after short evacuation window (NPR) Culture At 90, Willie Nelson’s career is still going strong (Deseret News) 5 ways to celebrate fall in the national parks (Deseret News) Is Gen Z the most undateable generation ever? Maybe — but it’s not really their fault (Deseret News) | Joe Coles: "When all was said and done, Utah zoomed by Arizona State 55-3 on Saturday afternoon at Rice-Eccles Stadium in a complete role reversal of last week’s contest. "(Bryson) Barnes threw for a career-high four touchdowns, going 19 for 28 for 161 yards. He also added 56 rushing yards on seven carries, 48 of which came on Utah’s fourth drive of the game when (Andy) Ludwig dialed up four quarterback keepers. "The junior quarterback just keeps getting more and more comfortable out there. "'I feel like obviously the more game reps you get, the more comfortable you’re going to be able to be able to play and the more game plans you’re preparing for as well. It’s all a rep thing,' Barnes said." Read more about Utah's victory over ASU. More in Sports: Want to know what Will Hardy does before a Jazz game? (Deseret News) Get ready for an intriguing November in the Big 12, the ‘conference of chaos’ (Deseret News) Inside BYU's devastating loss to West Virginia (Deseret News) |
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