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Bay Area home prices fall as mortgage rates spike. Could it last?

Published Mon, 25 Nov 2024 04:14:46 GMT

Bay Area home prices are falling as mortgage rates climb to their highest levels in more than two decades, squeezing many house-hunters out of the market and keeping would-be sellers on the fence.The median price of existing single-family homes dropped 5.2% to $1.26 million across the region from June to July, according to the California Association of Realtors. The decline followed steady price gains most of the year as sales picked up during the traditionally busier spring and early summer home-buying seasons.But now, spiking mortgage rates are slamming the brakes on an already challenged local real estate market. On Thursday, Freddie Mac reported the average rate for a typical 30-year fixed mortgage rose to 7.09%, up from 6.96% last week, reaching the highest peak since 2002.“People are just not jumping into buying a home right now at these interest rates,” South Bay real estate agent Ramesh Rao said.Meanwhile, a 30-year fixed “jumbo” home loan — which is ...

Probation Department ignored red flags about gang member who killed 2 California police officers, OIG says

Published Mon, 25 Nov 2024 04:14:46 GMT

Family members of a convicted gang member warned the Los Angeles County Probation Department that the probationer had become abusive, was using drugs and carrying a firearm more than a week before he killed two El Monte police officers and then himself in June 2022, according to a scathing report from the county Office of Inspector General.Justin Flores’ probation officer ignored a barrage of red flags that should have resulted in law enforcement taking him off the streets for violating his parole, the report found.“After review of Mr. Flores’ probation file, the Office of Inspector General finds the Probation Department failed to properly monitor Mr. Flores, failed to report his noncompliance, failed to act on pertinent information they received on Mr. Flores regarding allegations of domestic violence, gun possession and illegal drug use, and failed to make local law enforcement aware that Mr. Flores may be armed with a gun and dangerous,” the report states.The report found that th...

Interactive map: Risk of Tropical Storm Hilary flash flooding in Southern California

Published Mon, 25 Nov 2024 04:14:46 GMT

We are providing free access to this article. Please consider supporting local journalism like this by subscribing here.This map shows the likelihood that rainfall from tropical storm Hilary will exceed the National Weather Service’s flash flood guidance over the 24-hour period starting 5 a.m. Monday, Aug. 21. The data used for this map was issued by the NWS on Monday at 1:17 a.m. The service calls this outlook its “best attempt to forecast flash flooding from heavy rainfall.” What risk categories meanThis is how the the NWS Weather Prediction Center explains the categorizes in uses in its excessive rainfall forecast.A marginal risk means that “isolated flash floods are possible.” The floods would be localized and primarily affect places that can experience rapid runoff with heavy rainfall.A slight risk means “scattered flash floods are possible.” Under this category, floods are mainly localized, and most vulnerable are urban areas, roads, small streams and washes. Isolated sig...

Dirt bikes, motorcycles take over San Francisco roads

Published Mon, 25 Nov 2024 04:14:46 GMT

(KRON) -- A large group of dirt bikers and motorcyclists took over San Francisco roads over the weekend.According to the California Highway Patrol, they have received reports of these events over the last several weekends throughout the Bay Area. Video above shows the bikers riding along the Embarcadero as well as through the Presidio Parkway Tunnel. Robber at UC Berkeley threatens mountain biker with knife: police The bikers are often seen performing tricks while driving on the road. CHP says they have been monitoring the activity.

Memorial to honor 4-year-old killed in crash near Oracle Park planned for Tuesday

Published Mon, 25 Nov 2024 04:14:46 GMT

(KRON) -- Several organizations are planning a memorial on Tuesday to honor a four-year-old girl who was hit and killed by a car last week as she crossed the street with her parents in San Francisco. Robber at UC Berkeley threatens mountain biker with knife: police Flowers now lay at the crash site which occurred near Oracle Park. The memorial will be from 5 p.m. to 6 p.m. at the plaza next to Caltrain at 4th and King Streets. Walk SF is asking people to bring strollers and stuffed animals to show their support.

Wales heads into Rugby World Cup with Lake and Morgan as co-captains

Published Mon, 25 Nov 2024 04:14:46 GMT

CARDIFF, Wales (AP) — Wales will head into the Rugby World Cup with co-captains, hooker Dewi Lake and flanker Jac Morgan getting the honor when the 33-man squad was announced on Monday.Ken Owens was ruled out because of a back injury, forcing coach Warren Gatland to pick a new captain for the tournament in France starting Sept. 8.Gatland has chosen to go with two captains. The 23-year-old Morgan isn’t a surprise, having led the Welsh in their most recent warmup game — a 52-16 loss to South Africa on Saturday.Wales, which has reached the semifinals in two of the last three World Cups, is in the same pool as Fiji, Portugal, Australia and Georgia. The team’s opening game is against Fiji in Bordeaux on Sept. 10.Seventeen of the squad have previous World Cup experience, with center George North set to appear in the tournament for the fourth time.Loosehead prop Corey Domachowski and tighthead Henry Thomas won their first senior caps for Wales this month.No. 8 Taulupe Faletau a...

German soccer could revisit a controversial investment deal, leading figures indicate

Published Mon, 25 Nov 2024 04:14:46 GMT

FRANKFURT, Germany (AP) — The top men’s soccer clubs in Germany could reconsider a major investment deal that failed to go through last season, two leading figures have indicated.A controversial plan to sell a one-eighth share of the worldwide broadcast rights to investors for the top two divisions over 20 years was defeated in May when it fell four votes short of the required two-thirds majority of the 36 clubs. It had been reported the estimated deal, which sparked protests by fans, could have raised 2 billion euros ($2.18 billion).Comments, however, by Borussia Dortmund chief executive Hans-Joachim Watzke, who also has a senior role with the league, and Eintracht Frankfurt supervisory board chair Philip Holzer suggested the investment deal — or something like it — could be revived.“Personally I can imagine the project again needs to be revised and redesigned,” Watzke told the Frankfurt Allgemeine Zeitung newspaper’s Monday edition. “Probably we should put together a s...

Pilot accused of destroying parking barrier at DIA with an ax says he hit breaking point

Published Mon, 25 Nov 2024 04:14:46 GMT

DENVER (AP) — A United Airlines pilot has been charged with criminal mischief for allegedly using an ax to destroy a barrier gate at an employee parking lot at Denver International Airport, telling authorities he was trying to help several drivers exit and "he just hit his breaking point.”Kenneth Henderson Jones, 63, is accused of repeatedly striking the metal parking arm with a long-handled ax on Aug. 2, knocking it off of its base and then fleeing on foot when a lot attendant confronted him. The employee told investigators he was able to grab the weapon from Jones during a scuffle near a security fence. The pilot then ran into a nearby field, where he was taken into custody by Denver police.According to a report by the Adams County Sheriff's Office, Jones told a deputy that about six vehicles were behind each of the parking lot's three exit gates, so he retrieved the ax from his parked car to help the drivers leave. How many countries can you fly to directly from Denver? “Kennet...

Suspect arrested in death of man missing since 2021

Published Mon, 25 Nov 2024 04:14:46 GMT

DENVER (KDVR) -- On Friday morning, officers with the Pagosa Springs Police Department arrested Glen Canyon Lee Hunt, 60, for the murder of Michael Kroll.Kroll was last seen leaving work at the Pagosa Springs Humane Society Thrift Store in October 2021. He was named a missing person for almost a year until his remains were found by hikers in a remote area of La Plata County in September 2022. Micheal Kroll, 41, missing since Oct. 16, 2021. Courtesy: Pagosa Springs Police Department 41-year-old Pagosa Springs man missing since mid October According to a Pagosa Springs PD press release, Hunt is being held in Kit Carson County with a $50,000 bond for second-degree murder in connection to the disappearance and death of Kroll.Hunt, from Archuleta, was identified through the joint effort of Pagosa Springs police and the Colorado Bureau of Investigation. What happened to the man missing from Glacier Gorge Trailhead? This is an active investigation and the police department isn't releas...

88K Denver Public Schools students head back to class Monday

Published Mon, 25 Nov 2024 04:14:46 GMT

DENVER (KDVR) — Denver Public Schools go back to class on Aug. 21. DPS is the largest school district in the state with about 88,000 students and more than 200 schools across the city.Superintendent Dr. Alex Marrero will be joined by dignitaries from DPS to welcome students and families at Bromwell Elementary during a ceremony beginning around 7:30 am. DPS said they are launching a new mental health service called Hazel Health. DPS cancels Taste of the South Festival due to lack of security The goal is to help address the mental health concerns of middle and high school students at district-run schools. There will be no cost to the families, and it will connect students with therapists for weekly virtual therapy sessions, at school or at home. Also, RTD is starting its Zero Fare for Youth pilot program. Students can ride for free starting Sept. 1 until Aug. 31, 2024. Students just have to show a form of ID, like a student ID, to get on buses or trains. It’s recommended parents ...