area

Winner of auction to buy northern New England ski area announced

Winner of auction to buy northern New England ski area announced

Utah-based Pacific Group Resorts, Inc., which owns five ski resorts, has won the auction to buy Jay Peak Resort, the Vermont ski area that was shaken by a massive fraud case involving its former owner and president.The court-appointed receiver who has been overseeing Jay Peak for more than six years announced Thursday the results of …

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Bay Area cities lost power due to miscommunication, say state regulators

Bay Area cities lost power due to miscommunication, say state regulators

PALO ALTO — Despite sweltering temperatures testing the capacity of the state’s electrical grid, California largely avoided rolling blackouts Tuesday just in time for cooler weather. So why did several thousand people in Palo Alto, Alameda and Healdsburg lose power? Those Northern California cities and others appear to have initiated rolling blackouts in error following …

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Airline's bankruptcy sends Reno, Bay Area airports into tailspin

Airline’s bankruptcy sends Reno, Bay Area airports into tailspin

In this week’s news, Reno-Tahoe-based Aha!, a low-cost regional carrier, has stopped flying after filing for Chapter 11 bankruptcy; Alaska adds capacity between Santa Rosa and Seattle; United drops plan to end LAX-San Diego flights; Delta will add extra service to Las Vegas for CES 2023; the Transportation Department is creating an interactive online dashboard …

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TikTok car theft challenge: Chicago area sees 767% increase in Hyundai, Kia thefts

TikTok car theft challenge: Chicago area sees 767% increase in Hyundai, Kia thefts

NEWYou can now listen to Fox News articles! A car theft challenge going viral on TikTok and other social media apps has led to a 767% increase in Hyundai and Kia vehicle thefts in the Chicago area since the beginning of July compared to last year, according to authorities. TikTok users are posting videos under …

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These are the least affordable housing markets in California and the Bay Area

These are the least affordable housing markets in California and the Bay Area

Homeownership in recent months grew even further out of reach financially for most people in the Bay Area and across California, a new report says. Housing affordability declined in all nine Bay Area counties in the second quarter of 2022, according to the report from the California Association of Realtors. Statewide, it dipped to its …

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The price gap between renting and owning a home in the Bay Area reaches new high

The price gap between renting and owning a home in the Bay Area reaches new high

What’s more, that gap, called the price-to-rent ratio, is higher in the San Francisco and San Jose metropolitan areas than anywhere else in the nation, according to Moody’s Analytics. The last time the ratio reached nearly this high was right before the housing bubble of the early 2000s burst, presaging the Great Recession. Does this …

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Twin Cities area home price reductions more common, but it's still a seller's market

Twin Cities area home price reductions more common, but it’s still a seller’s market

Price reductions are becoming more common on homes for sale in the metro area, a sign that higher interest rates are cooling one of the hottest parts of the Twin Cities economy. In June, about 14% of active sellers cut the price of their house at least once, according to Zillow.com. That’s still below the …

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What would happen to Bay Area home prices if a recession hits?

What would happen to Bay Area home prices if a recession hits?

If you’ve lived in the Bay Area long enough, you’ve probably heard someone say that homes here are a great investment because prices never go down. I thought I’d never hear the second part of that statement again after Bay Area home prices fell by more than a third during the 2007-09 Great Recession, but …

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Market Rallies To Big Trouble Area; Jobs Report Looms

Market Rallies To Big Trouble Area; Jobs Report Looms

Dow Jones futures fell slightly Friday morning, along with S&P 500 futures and Nasdaq futures. The market rally showed strength Thursday, with China stimulus hopes giving a big lift to stocks, commodities and Treasury yields. But the major indexes are running into a major key resistance area with the June jobs report on tap before …

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