A few things for you this morning. Roger Stone was arrested on 7 charges including witness tampering, and the indictment references coordination between him, WikiLeaks and your campaign. He's looking at well over 20 years in jail. LaGuardia has a ground stop, due to Air Traffic Controllers calling out sick because of the shutdown. They're re-routing flights out over the ocean for safety reasons. It's Day 35 of the shutdown, a new record for you sir, and congratulations on that. Non-essential staff in Venezuelan embassies are leaving, the rest have around 48 hours to go before Maduro's deadline. House Democrats on House Intel and House Financial Services are probing Deutsche Bank over loans to Trump Organization.
Trump: Bring me two Diet Cokes, three hamberders, and my phone. I must tweet to the people immediately!
I cannot verify this, but a lot of people are saying that Obama served them Five Guys burgers with dijon mustard, and he may or may not have been wearing a tan suit.
We are graced with Sarah’s presence tonight. I have to say I’m a little star-struck. I love you as Aunt Lydia in The Handmaid’s Tale. Mike Pence, if you haven’t seen it, you would love it.
Every time Sarah steps up to the podium I get excited, because I’m not really sure what we’re going to get — you know, a press briefing, a bunch of lies or divided into softball teams. “It’s shirts and skins, and this time don’t be such a little *****, Jim Acosta!”
I actually really like Sarah. I think she’s very resourceful. She burns facts, and then she uses that ash to create a perfect smoky eye. Like maybe she’s born with it, maybe it’s lies. It’s probably lies.
And I’m never really sure what to call Sarah Huckabee Sanders, you know? Is it Sarah Sanders, is it Sarah Huckabee Sanders, is it Cousin Huckabee, is it Auntie Huckabee Sanders? Like, what’s Uncle Tom but for white women who disappoint other white women? Oh, I know. Aunt Coulter.
As 2018 headed toward its close, Americans’ appetite for buying homes fell off a cliff.
In December, US existing-home sales cratered to 4.99 million, 10.3% below the mark from the year-ago period, according to data released earlier this week by the National Association of Realtors.
That’s the steepest decline in more than seven years, and it followed year-over-year declines of 7.8% in November and 5.1% in October.
Home sales dropped in every month in 2018 except February, but the trend grew more aggressive in the final quarter of the year.
So what happened to the housing market? The most glaring explanation is that mortgage rates increased, convincing prospective homebuyers that the market had become unfavorably expensive.
The Federal Reserve hiked its benchmark interest rate four times in 2018; the rate on a 30-year mortgage hit 4.94% in November – the highest mark since 2011 – before falling to 4.45% by year’s end.
That November figure may not seem a gigantic increase from the average rate of 3.65% just two years ago, but for a $250,000 home, the difference in the monthly payment is $190 and the lifetime cost is nearly $70,000 greater.
But interest rates don’t tell the full story – UBS analysts estimated that rates accounted for roughly half of the slowdown.
Home prices have also been ascending for years. The median existing-home price in December was $253,600, a 2.9% increase from 2017 and the 82nd straight month of year-over-year gains, according to the NAR.
“We saw a cooldown because buyers couldn’t afford these homes anymore,” Daryl Fairweather, the chief economist at the real-estate brokerage Redfin, told Business Insider.
Cash-strapped and saddled with student loans and other debt, millennials – a generation of more than 70 million now in their 20s and mid-30s – have delayed buying a home later than their parents did, but their participation is crucial in buoying home sales.
They may be balking at the higher monthly payments commanded for increasingly pricier homes and deciding they’re better off renting.
I cannot verify this, but a lot of people are saying that Obama served them Five Guys burgers with dijon mustard, and he may or may not have been wearing a tan suit.
No tan suit - but loads of hoodies so I fear for his safety.