US Pending Home Sales Index Hits Lowest Level Ever

Published on August 31, 2024

A gauge measuring pending home sales activity fell to the lowest level in more than two decades last month amid an environment of high mortgage rates and political uncertainty, according to the National Association of Realtors (NAR). Pending home sales declined 5.5 percent in July, with all four U.S. regions—Northeast, Midwest, South, and West—reporting monthly losses as well, according to an Aug. 29 press release. The Pending Home Sales Index (PHSI), which measures home sales based on contract signings, fell in July to the lowest reading since the index began in 2001. “A sales recovery did not occur in midsummer,” said NAR chief economist Lawrence Yun....

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Mississippi Bus Crash Kills 7 People and Injures 37

August 31, 2024
BOVINA, Miss.—Seven people were killed and dozens were injured in Mississippi after a commercial bus overturned on Interstate 20 on Saturday morning, according to the Mississippi Highway Patrol.Six passengers were pronounced dead at the scene and another died at a hospital, according to a news release. The bus was traveling west when it left the highway near Bovina in Warren County and flipped ove

Ontario’s New Child-Care Funding Scheme Will Force Centre Closures

August 31, 2024
CommentaryThe government of Ontario recently announced its revamp of funding for licensed centres covered by the Canada-Wide Early Learning and Child Care program (CWELCC)—also known as the $10-a-day system. In an interview with CP24 on Aug. 15, former Education Minister Todd Smith said the new funding scheme would provide child-care operators with certainty and stability, that it was simple and e