Fortune (September 4)
“The Pandemic Housing Boom saw U.S. home prices spike an unprecedented 43% in just over two years. But that’s over now: Spiked mortgage rates have pushed the U.S. housing market into a sharp slowdown that could threaten some of those gains.” Estimates on potential 2023 home price changes range from +2.4% to -15%, with nearly all certain that some regions will decrease.
Tags: 43%, Gains, Home prices, Housing boom, Mortgage rates, Pandemic, Slowdown, Spike, Threaten, U.S., Unprecedented
Bloomberg (August 19)
“The US mortgage industry is seeing its first lenders go out of business after a sudden spike in lending rates, and the wave of failures that’s coming could be the worst since the housing bubble burst about 15 years ago.” Though a “systemic meltdown” is not expected, market watchers still anticipate “a string of bankruptcies broad enough to trigger a spike in layoffs in an industry that employs hundreds of thousands of workers, and potentially an increase in some lending rates.”
Tags: Bankruptcies, Failures, Housing bubble, Industry, Layoffs, Lenders, Market, Mortgage, Rates, Spike, Systemic meltdown, U.S.
South China Morning Post (May 18)
“A surge in the number of Chinese professionals looking for emigration opportunities in response to China’s strict zero-Covid measures could affect the country’s ambitions to become a science and technology superpower.” The “noticeable spike” in interest in leaving China began after “outbreaks of the Omicron variant emerged in Shanghai” around the end of May.
Tags: Ambitions, China, Emigration, Omicron, Opportunities, Outbreaks, Professionals, Science, Spike, Strict, Superpower, Surge, Technology, Variant, Zero COVID
CBC News (June 29)
“Lytton, B.C., has broken the record for the hottest temperature ever recorded in Canada for a third straight day, hitting a scorching 49.6 C on Tuesday. The latest record was broken as a historic heat wave continues to scorch Western Canada, leading to a spike in sudden deaths in B.C. and dangerous wildfire conditions.”
Tags: 49.6 C, B.C., Canada, Dangerous, Heat wave, Historic, Hottest, Lytton, Record, Scorching, Spike, Sudden deaths, Temperature
Star Tribune (March 31)
Chile “appears poised to be among the first in the world to reach herd immunity. But experts say the country’s speedy and efficient vaccination drive—only Israel, the United Arab Emirates and Seychelles have vaccinated a larger share of their populations—gave Chileans a false sense of security and contributed to a sharp spike in new infections and deaths that is overloading the health care system.”
Tags: Chile, Deaths, Efficient, Experts, Herd immunity, Infections, Israel, Security, Seychelles, Speedy, Spike, UAE, Vaccination drive
San Francisco Chronicle (November 24)
“Deaths from COVID-19 have started to increase statewide, a harbinger of what could be a deadly holiday season if cases spike as expected from Thanksgiving get-togethers…. With the holiday still a few days away, California reported a record 20,282 cases on Monday.” The “astonishingly high” number dwarves the previous record of 13,412 cases set one week ago.
Tags: California, Cases, COVID-19, Deadly, Deaths, Get-togethers, Harbinger, Holiday season, Record, Spike, Thanksgiving
OilPrice.com (October 9)
“Now that Brent has lost more than $13 since its mid-September spike many are saying that Middle East risk is underpriced. We’re taking a different view…. Washington and Beijing still pose more of a threat to oil prices than Tehran and Riyadh.”
Tags: Beijing, Brent, China, Middle East, Oil prices, Risk, Riyadh, Spike, Tehran, Threat, U.S., Underpriced, Washington
