SELECT LANGUAGE BELOW

Mortgage rates drop for third week in a row, but home buyers remain reluctant

Mortgage rates may be falling, but buyers aren’t convinced now is the right time to buy. (iStock ) There’s good news and bad news about mortgage rates this week. The good news is that rates continue their gradual downward trend, with a 30-year fixed rate mortgage averaging 6.87%. Freddie Mac is. While this is encouraging, […]

Mayor of crime-ridden Oakland will face upcoming recall vote — and FBI raids home

Shen Tao, the Democratic mayor of crime-ridden Oakland, California, is facing a recall election in November after a group of fed-up residents succeeded him.Enough signatures gathered. The recall movement, Oakland United to Recall Shen Tao, submitted more than 40,000 signatures weeks before the deadline of July 22. To get on the upcoming ballot, the group […]

FBI Raids Home of ‘Progressive’ Oakland Mayor Sheng Thao

The Federal Bureau of Investigation (FBI) searched the private residence of “progressive” Oakland Mayor Shen Tao on Thursday morning, just days after a recall petition against Tao was approved for the November 2024 ballot. Federal agents searched his home. Mayor of Oakland Shen Tao Investigators began searches of several homes early on Thursday, including two […]

Home prices far outpace paychecks in many areas: Research

As home prices continue to soar, a new study finds that in many areas, home prices are now far higher than the median household income. New Research From Harvard University Joint Centre for Housing Research They found that the cost of a single-family home in 2023 will be about 4.9 times the median household income, […]

FBI Raids Home Of Oakland Mayor Sheng Thao

Shen Tao speaks onstage during the TAAF Cultural Heritage Month Summit at the Glass House in New York City on May 2, 2024. (Photo by JP Yim/Getty Images for The Asian American Foundation) James Myers of OANThursday, June 20, 2024 11:47 AM The FBI searched the home of Oakland’s Democratic Mayor Shen Tao on Thursday […]