Connect with us

World

House prices at all-time high, says Nationwide

Published

on

House prices at all-time high, says Nationwide
houses for sale

House prices continued their post-lockdown recovery in August, notching up their highest monthly rise in more than 16 years, says the Nationwide.

“House prices have now reversed the losses recorded in May and June and are at a new all-time high,” said its chief economist, Robert Gardner.

Prices rose by 2% last month, it said, taking the average price to £224,123.

The Nationwide said the recovery in housing market activity had been “unexpectedly rapid”.

Advertisement

It said the increase in August was the highest since February 2004, when house prices rose by 2.7%.

As a result, annual house price growth accelerated to 3.7%, from 1.5% in July.

  • Pent-up demand ‘leading to quicker home sales’
  • ‘Living in a glass box was soul-destroying’

“This rebound reflects a number of factors. Pent-up demand is coming through, where decisions taken to move before lockdown are progressing,” said Mr Gardner.

He added that “behavioural shifts” could be boosting activity, with people reassessing their housing needs after life in lockdown.

Advertisement

“These trends look set to continue in the near term, further boosted by the recently announced stamp duty holiday, which will serve to bring some activity forward.

“However, most forecasters expect labour market conditions to weaken significantly in the quarters ahead as a result of the after-effects of the pandemic and as government support schemes wind down.

“If this comes to pass, it would likely dampen housing activity once again in the quarters ahead.”

Advertisement

Lucy Pendleton, director of estate agents James Pendleton, said: “Buyers emboldened by the stamp duty holiday have been engaged in a pitched battle for property, delivering a barnstorming recovery for the market.

“A stunning proportion of properties are now going for asking price or more, and offers are flooding in. It’s like lockdown was a bad dream.”

Advertisement

Passionate news enthusiast with a flair for words. Our Editorial Team author brings you the latest updates, in-depth analysis, and engaging stories. Stay informed with their well-researched articles.

World

Coon Rapids Shooting: One Casualty Reported, Investigation Continues to Find Suspect 

Published

on

Coon Rapids Shooting: One Casualty Reported, Investigation Continues to Find Suspect 

A shooting incident reportedly occurred at a YMCA in Coon Rapids, Minnesota.

The crime news was first reported by a social media page, Twin Cities Crime Watch & Information. According to the page, the suspects arrived in a red sedan occupied by four Somalis.

Twin Cities Crime Watch & Information posted,

Advertisement

“Coon Rapids – SHOOTING at the YMCA, 8950 Springbrook Dr., occurred inside. Suspects in a red sedan, occupied by four Somalis. Partial plate contains JW*25.”

According to Times Now, a statement was received by the Coon Rapids Police Department where it stated that when police were reported, they responded immediately. 

Officers arrived at the scene around 7:58 p.m. on Friday and found one person suffering from gunshot wounds. The victim was immediately transported to a local hospital.

The police shared on their Facebook page,

Advertisement

“Friday night the Coon Rapids Police Department was dispatched to the Emma B. Howe YMCA on a report of gunshots. Officers arrived at the scene to find one person struck by gunfire. The victim was transported to a local hospital for treatment of his injuries. Currently, their condition is unknown.”

‘Shooting Was Not Random’

The police announced that they believe the shooting at the YMCA in Coon Rapids was not random.

Detectives from the Coon Rapids Police Department were present at the scene and actively investigating the matter.

The police have urged the public to provide any information about the incident by calling 763-427-1212.

Advertisement

As of now, no information is available regarding the person responsible for the shooting, and the circumstances surrounding the incident are still unknown.

Update

The police have revealed the identity of the victim. According to CBS News, the victim is a 16-year-old male.

The YMCA will be under lockdown on Saturday and Sunday, with regular scheduling expected to resume on Monday.

Advertisement

Also Read: Fairfield Mall Shooting Update: Suspects Caught, Huge Vehicles Found in Beavercreek

Continue Reading

World

Sachin Sahoo: Bipolar Indian-Origin Man Shot Dead By US Police 

Published

on

On April 21, Sachin Sahoo, an Indian-origin man, was shot by a San Antonio police officer. According to the Deccan Herald, when the officers attempted to apprehend Sachin, he struck two officers with his vehicle.

Sachin Sahoo was being pursued in connection with an aggravated assault case.

Originally from Uttar Pradesh, India, Sachin Sahoo was declared dead at the scene.

Advertisement

Sources from PTI claimed that Sachin Sahoo might have been a naturalized U.S. citizen. As per the preliminary investigation, on April 21, just before 6:30 PM, officers were called to a home in Cheviot Heights, San Antonio.

They were responding to a report of an ‘Aggravated Assault with a Deadly Weapon.’

Upon arrival, the officers discovered a 51-year-old woman who had been deliberately hit by Sachin Sahoo’s vehicle.

Advertisement

After hitting the woman, Sachin Sahoo fled the scene.

The 51-year-old victim was transported to a nearby hospital and was in critical condition.

Consequently, a felony arrest warrant was issued in the name of Sahoo by the San Antonio Police Detectives.

Advertisement

Later that evening, neighbors informed the police that Sahoo had returned to his original location.

When two officers arrived at the scene and attempted to make contact, Sachin struck both with his vehicle. One of them shot Sahoo, and he was pronounced dead at the scene.

One officer was treated at the scene, while the other was taken to a local hospital.

Advertisement

Police Chief Bill McManus stated that Sachin’s actions also left his roommate in critical condition. The woman underwent multiple surgeries.

According to Outlook India, when officers approached to arrest Sachin, he “got into his car and managed to squeeze through the police vehicles blocking his driveway.” In the process, he also hit the officers.

Subsequently, another officer stopped Sachin by firing at him.

Advertisement

About Sachin Sahoo

Leah Goldstein, Sahoo’s ex-wife, revealed that her ex-husband had been diagnosed with bipolar disorder and also exhibited symptoms of schizophrenia.

She added, ‘He has suffered for the past ten years with bipolar disorder. He also had symptoms of schizophrenia. He couldn’t understand what was wrong with him.’

In a news report, she said, ‘He would hear voices, hallucinate, and just get stuck in his own mind.’”

Advertisement

Continue Reading

World

Billionaire Stewart Butterfield’s 16 YO Daughter Mint Butterfield Goes Missing After ‘Running Away’

Published

on

16 YO Mint Butterfield Went Missing After 'Running Away'

Mint Butterfield, the 16-year-old daughter of Stewart Butterfield, has recently gone missing, according to People magazine. It is alleged that she ran away.

According to the Marin County Sheriff’s Office, she was last spotted on April 21, Sunday around 10 p.m. in Bolinas, California.

On Monday, April 22, at 8:30 a.m., authorities posted a notice on Nextdoor revealing that Mint Butterfield had been reported missing.

Advertisement

Search Efforts for the Teenager

Authorities described the 16-year-old as 5’0″ tall and weighing 100 lbs. She has pierced brows and brown/reddish curly hair.

Reportedly, she was wearing black boots, flannel pajama pants, and a black sweatshirt. Additionally, she might be carrying a gray suitcase.

Deputy K. Walther of the Marin County Sheriff’s Office announced that the 16-year-old is believed to have run away to the San Francisco area.

Advertisement

Sgt. Adam Schermerhorn and detectives from the San Francisco Police Department are collaborating to locate the teen.

Mint Butterfield’s Parents: Stewart Butterfield and Caterina Fake 

Caterina Fake and Stewart Butterfield, Mint’s parents, were informed of her disappearance on April 22.

In 2004, the couple founded Flickr, which was sold to Yahoo in 2005. Fake and Stewart separated in 2008. In 2022, Stewart founded Slack.

Advertisement

The New York Post reported that the search for Mint Butterfield is ongoing, with both her family and authorities involved. The parents have urged anyone with any information to report it immediately.

The current circumstances and history surrounding Mint’s disappearance have escalated concerns about her well-being.

The community and law enforcement agencies are working together to find Mint and ensure her safe return home.

Advertisement

Also Read: Fairfield Mall Shooting Update: Suspects Caught, Huge Vehicles Found in Beavercreek

Continue Reading

Trending

This will close in 5 seconds