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Just 15% of Californians can afford a home, lowest rate in 16 years

Published Fri, 07 Feb 2025 06:58:13 GMT

“Swift swings” takes a quick peek at one economic trend.The number: Just how unaffordable is California housing? The share of folks who can afford to buy hit a 16-year low.The source: My trusty spreadsheet eyeballed the California Association of Realtors’ third-quarter affordability study that compares pricing, financing and wages. The metric measures who can qualify to purchase a single-family house buy based on an assumption the buyer can put 20% down on a mortgage, creating a payment – taxes and insurance included – that’s 30% of household income.The quick analysis: Just 15% of Californians could afford to buy in the quarter as high mortgage rates and stubbornly high prices make the purchasing math near impossible for many house hunters.The only time house shopping was less affordable was during the easy-money days of the mid-2000s. The last time this affordability yardstick was higher was in the third quarter of 2007, just before the housing bubble burst.Related ArticlesReal Est...

Pac-12 recruiting: USC in the post-Grinch era, UCLA’s QB commit and big weekends for OSU, UW

Published Fri, 07 Feb 2025 06:58:13 GMT

The Hotline is delighted to provide Pac-12 fans with a regular dive into the recruiting process through the eyes and ears of Brandon Huffman, the Seattle-based national recruiting editor for 247Sports. He submitted the following report on Nov. 9 …The Grinch who saved the seasonThe dismissal of defensive coordinator Alex Grinch has had zero impact on USC’s recruiting.The Trojans suffered no de-commitments in the wake of the change. In fact, coach Lincoln Riley has added to his commitment list.On Sunday, in the hours after Grinch’s firing, the Trojans grabbed a pledge from Chatsworth (California) cornerback Madden Riordan, a member of the 2026 recruiting class.That came a week after fellow 2026 cornerback Brandon Lockhart, a teammate of Riordan’s on the 7-on-7 circuit, committed to the Trojans.If anything, the coordinator change has helped USC hold recruits, with the questions about Grinch’s job security no longer in the air.And assistant coach Donte Williams, just as he d...

New IRS income tax brackets and higher standard deduction. What you need to know

Published Fri, 07 Feb 2025 06:58:13 GMT

By Jeanne Sahadi | CNNNew York  — If you are someone who likes to plan ahead on your taxes, the IRS this week released the new inflation-adjusted income tax brackets and standard deduction amounts that will be in effect for tax year 2024.Translation: These are the numbers that will be relevant to the tax return most Americans will file in early 2025.Higher standard deductionThe IRS makes inflation adjustments annually to tax brackets, the standard deduction and some other tax breaks.For individuals and married people filing separately, the new federal standard deduction will increase to $14,600, up from $13,850 this year.For married couples filing jointly, the standard deduction will rise to $29,200, up from $27,700 currently.And for people who file as head of household, the standard deduction will be $21,900, up from $20,800 today.Most filers claim the standard deduction. Others will itemize their deductions because taken together, they add up to more than the standard deduction.Fo...

Grammy nominations 2024: Here are the top nominees

Published Fri, 07 Feb 2025 06:58:13 GMT

By Lisa Respers France | CNNNominations for the 2024 Grammy Awards were revealed on Friday morning and SZA slayed.The “Kill Bill” singer and songwriter leads in total nominations with nine nods. Other top nominees among a list that highlighted the contributions of young women in music include Phoebe Bridgers, R&B star Victoria Monét, indie group boygenius, Miley Cyrus, Billie Eilish and Olivia Rodrigo.Related ArticlesMusic | SZA leads the 2024 Grammy nominations as women outpace men in the leading categories Taylor Swift made history by becoming the first person with seven nominations in the prestigious song of the year category with her hit, “Anti-Hero.” She also tied with Barbra Streisand for the most all-time nominations by a female artist with her album of the year nod with “Midnights.” Swift scored six nominations overall.The nominees in several top categories can be found below, with the full list of 94 categories here.The Grammy Awards will take place Feb....

Let it pour: First wet season event to bring moderate to heavy rain next week

Published Fri, 07 Feb 2025 06:58:13 GMT

(BCN) -- Rain is arriving to the Bay Area, and lots of it, as the region's first wet season rain event rolls in next week. The National Weather Service said Friday forecasters expect widespread moderate to heavy rain throughout next week in many parts of the region, with potential accumulations of up to 2 inches. They added that coastal mountains will be receiving more of the precipitation. Light rain will start in the North Bay on Monday and may linger through Saturday next week, but the core of the event will be Tuesday through Friday, the weather service said. Lake Tahoe-area ski resorts open soon. Here’s the expected dates While the exact timing and amount are still subject to change, forecasters said it is increasingly likely that daily rain totals will exceed an inch across most of the Bay Area and Central Coast throughout next week.Graphic: Kyla GroganThe weather service warned residents and motorists to expect slick roads and longer than normal commutes as ponding of water...

Two suspects arrested in connection to Romanian organized crime ring in San Jose

Published Fri, 07 Feb 2025 06:58:13 GMT

(KRON) -- Two suspects were arrested in connection to a string of crimes allegedly perpetrated by a Romanian organized crime ring, the San Jose Police Department announced Friday. The suspects were identified as 35-year-old Mogos Constantin and 19-year-old Renaldo Vaduva.The two were arrested after SJPD served multiple residential search permits Wednesday in the cities of San Jose and Livermore. The warrants were connected to around 25 criminal cases tied to Romanian organized crime, police said.The cases in question took place between July and October and involved armed carjacking, armed robbery, strong arm robbery and grand theft.In serving the search warrants, SJPD officers seized $13,000 in cash, three vehicles and evidence possibly related to jewelry swap scams/robberies, Facebook Marketplace vehicle scams, credit card skimmers and money laundering, police said. $350K of stolen goods recovered in Oakland, Sacramento County fencing operation There has been an increase in Roman...

Daly City victim robbed of necklace, iPhone, and wallet

Published Fri, 07 Feb 2025 06:58:13 GMT

(KRON) – A victim was robbed in the parking lot of Skyline Plaza’s Kentucky Fried Chicken on Nov. 1, the Daly City Police Department announced Thursday. According to Daly City police, the victim met a suspect and entered a van to purchase marijuana on Nov. 1 around 7 p.m. When the victim communicated he did not want to purchase any marijuana, another suspect in the front passenger seat turned around and pointed a gun at the victim, police said.  $350K of stolen goods recovered in Oakland, Sacramento County fencing operation The victim was robbed of his gold necklace, iPhone 14, and wallet, all worth approximately $30,500, police said. This is an ongoing investigation. 

Two injured in Bayview District shooting Thursday afternoon

Published Fri, 07 Feb 2025 06:58:13 GMT

(BCN) -- Two people were injured in a shooting in San Francisco's Bayview District on Thursday afternoon, according to police.The shooting was reported at 12:56 p.m. in the 2700 block of Arelious Walker Drive, where a man and woman were outside when two suspects opened fire at them, San Francisco police said. SF firefighters rescue man trapped under collapsed dock near Pier 90 Both victims were hit by the gunfire and were taken to a hospital. One is expected to survive while the other has injuries that are considered life-threatening, according to police.No arrests have been made in the case and police have not released any suspect details besides that a Lexus vehicle was possibly involved. Anyone with information about the shooting is asked to call the Police Department's tip line at (415) 575-4444 or to send a tip by text message to TIP411 with "SFPD" at the start of the message.Copyright © 2023 Bay City News, Inc.

198-pound Burmese python caught in Florida: ‘It was more than a snake, it was a monster’

Published Fri, 07 Feb 2025 06:58:13 GMT

Professional python hunter Amy Siewe said this is the fattest python she’s ever seen. (Amy Siewe) Professional python hunter Amy Siewe said this is the fattest python she’s ever seen. (Amy Siewe) Conservationist Mike Elfenbein was at Big Cypress National Preserve in Florida with his teen son hunting for pythons when they both spotted the largest snake they had ever seen slithering across the gravel road.“It was more than a snake, it was a monster,” Elfenbein told CBS News. Elfenbein said he occasionally hunts Burmese pythons in the 729,000-acre preserve but had never seen a snake that large.Three other hunters – Trey Barber, Carter Gavlock and Holden Hunter – saw the snake at the same time. There was n...

Stock market today: Wall Street ticks higher to firm up what’s been a mostly quiet week

Published Fri, 07 Feb 2025 06:58:13 GMT

NEW YORK (AP) — Wall Street is ticking higher Friday to firm up what’s been a mostly listless week following its fireworks since the summer.The S&P 500 was up 1.1% in afternoon trading and on track to end the week with a gain of slightly less than that. That would follow its best week of the year, which itself came after months of sharp losses.The Dow Jones Industrial Average was up 257 points, or 0.8%, as of 12:41 p.m. Eastern time, and the Nasdaq composite was 1.5% higher.More companies reported better profits for the latest quarter than analysts expected, but the focus is swinging toward what companies will do later this year and beyond amid high interest rates and expectations for a slowdown in economic growth.Illumina tumbled 13.1% even though the maker of DNA-sequencing and other technology products reported better results for the third quarter than expected. It cut its financial forecasts for the full year and said “the environment remains challenging.”Wynn Resorts ...