aaa jili Ascend Wellness Holdings Announces Share Buyback ProgramLOS ANGELES (AP) — Anze Kopitar scored twice, Adrian Kempe had a goal and an assist, and the Los Angeles Kings got their seventh straight home win by beating the Philadelphia Flyers 5-4 on Sunday night. Kevin Fiala and Warren Foegele also scored for the Kings, who trailed 4-2 midway through the second period before rebounding to sweep a back-to-back after defeating recent playoff nemesis Edmonton in overtime on Saturday. David Rittich made 17 saves. Kopitar was in the right place to redirect Quinton Byfield's rebound in and tie it at 4 early in the third, before following it up by chopping in Kempe's shot during a power play at 8:55 for the 5-4 lead. Matvei Michkov had a goal and an assist for the Flyers after being benched for the third period against Anaheim on Saturday . Tyson Foerster, Scott Laughton and Joel Farabee also scored, and Aleksei Kolosov made 15 saves. Takeaways Flyers: Michkov responded well after some tough coaching from John Tortorella, ending a seven-game point drought. Kings: Kopitar is 19 seasons into his Kings career but shows no signs of slowing down. He is up to 12 goals and 27 assists through 36 games. Key moment Foegele showed good composure in following up his rebound on a breakaway with 4:56 left in the second, getting the Kings back within 4-3 and setting the stage for Kopitar's final-period heroics. Key stat Los Angeles is a resilient bunch, improving to 8-7-1 when allowing the first goal. Up Next The Flyers visit San Jose on Tuesday, and the Kings host New Jersey on Wednesday. ___ AP NHL: https://apnews.com/hub/nhl Dan Greenspan, The Associated Press

Donald Trump explodes over drone 'invasion' and sends Biden an ominous warning

JACKSONVILLE, Fla. — Greg McGarity had reason to be concerned. The Gator Bowl president kept a watchful eye on College Football Playoff scenarios all season and understood the fallout might affect his postseason matchup in Jacksonville. What if the Southeastern Conference got five teams into the expanded CFP? What if the Atlantic Coast Conference landed three spots? It was a math problem that was impossible to truly answer, even into late November. Four first-round playoff games, which will end with four good teams going home without a bowl game, had the potential to shake up the system. The good news for McGarity and other bowl organizers: Adding quality teams to power leagues — Oregon to the Big Ten, Texas to the SEC and SMU to the ACC — managed to ease much of the handwringing. McGarity and the Gator Bowl ended up with their highest-ranked team, No. 16 Ole Miss, in nearly two decades. “It really didn’t lessen our pool much at all,” McGarity said. “The SEC bowl pool strengthened with the addition of Texas and Oklahoma. You knew they were going to push traditional SEC teams up or down. Texas ended up pushing just about everyone down.” The long waiting game was the latest twist for non-CFP bowls that have become adept at dealing with change. Efforts to match the top teams came and went in the 1990s and first decade of this century before the CFP became the first actual tournament in major college football. It was a four-team invitational — until this year, when the 12-team expanded format meant that four quality teams would not be in the mix for bowl games after they lose next week in the first round. “There’s been a lot of things that we’ve kind of had to roll with,” said Scott Ramsey, president of the Music City Bowl in Nashville, Tennessee. “I don’t think the extra games changed our selection model to much degree. We used to look at the New York’s Six before this, and that was 12 teams out of the bowl mix. The 12-team playoff is pretty much the same.” Ramsey ended up with No. 23 Missouri against Iowa in his Dec. 30 bowl. A lot of so-called lesser bowl games do have high-profile teams — the ReliaQuest Bowl has No. 11 Alabama vs. Michigan (a rematch of last year’s CFP semifinal), Texas A&M and USC will play in the Las Vegas Bowl while No. 14 South Carolina and No. 15 Miami, two CFP bubble teams, ended up in separate bowls in Orlando. “The stress of it is just the fact that the CFP takes that opening weekend,” Las Vegas Bowl executive director John Saccenti said. “It kind of condenses the calendar a little bit.” Bowl season opens Saturday with the Cricket Celebration Bowl. The first round of the CFP runs Dec. 20-21. It remains to be seen whether non-CFP bowls will see an impact from the new dynamic. They will know more by 2026, with a planned bowl reset looming. It could include CFP expansion from 12 to 14 teams and significant tweaks to the bowl system. More on-campus matchups? More diversity among cities selected to host semifinal and championship games? And would there be a trickle-down effect for everyone else? Demand for non-playoff bowls remains high, according to ESPN, despite increased focus on the expanded CFP and more players choosing to skip season finales to either enter the NCAA transfer portal or begin preparations for the NFL draft. “There’s a natural appetite around the holidays for football and bowl games,” Kurt Dargis, ESPN’s senior director of programming and acquisitions, said at Sports Business Journal’s Intercollegiate Athletics Forum last week in Las Vegas. “People still want to watch bowl games, regardless of what’s going on with the playoff. ... It’s obviously an unknown now with the expanded playoff, but we really feel like it’s going to continue.” The current bowl format runs through 2025. What lies ahead is anyone’s guess. Could sponsors start paying athletes to play in bowl games? Could schools include hefty name, image and likeness incentives for players participating in bowls? Would conferences be willing to dump bowl tie-ins to provide a wider range of potential matchups? Are bowls ready to lean into more edginess like Pop-Tarts has done with its edible mascot? The path forward will be determined primarily by revenue, title sponsors, TV demand and ticket sales. “The one thing I have learned is we’re going to serve our partners,” Saccenti said. “We’re going to be a part of the system that’s there, and we’re going to try to remain flexible and make sure that we’re adjusting to what’s going on in the world of postseason college football.”PORTLAND, Ore. (AP) — Googly eyes have been appearing on sculptures around the central Oregon city of Bend, delighting many residents and sparking a viral sensation covered widely by news outlets and featured on a popular late-night talk show. On social media, the city shared photos of googly eyes on installations in the middle of roundabouts that make up its so-called “Roundabout Art Route.” One photo shows googly eyes placed on a sculpture of two deer, while another shows them attached to a sphere. It’s not yet known who has been putting them on the sculptures. “While the googly eyes placed on the various art pieces around town might give you a chuckle, it costs money to remove them with care to not damage the art,” the city said in its posts. The Facebook post received hundreds of comments, with many users saying they liked the googly eyes. “My daughter and I went past the flaming chicken today and shared the biggest laugh,” one user said, using a nickname for the “Phoenix Rising” sculpture. “We love the googly eyes. This town is getting to be so stuffy. Let’s have fun!” Another Facebook user wrote: “I think the googly eyes on the deer specifically are a great look, and they should stay that way.” Others said the city should focus on addressing more important issues, such as homelessness, instead of spending time and money on removing the googly eyes. Over the years, the city’s sculptures have been adorned with other seasonal decorations, including Santa hats, wreaths, leis. The city doesn’t remove those, and views the googly eyes differently because of the adhesive, Bend’s communications director, Rene Mitchell, told The Associated Press. “We really encourage our community to engage with the art and have fun. We just need to make sure that we can protect it and that it doesn’t get damaged,” she said. The post and its comments were covered by news outlets, and even made it on a segment of CBS’s “The Late Show with .” The city regrets that its post was misunderstood, Mitchell said. “There was no intent to be heavy-handed, and we certainly understand maybe how that was taken,” she said. “We own this large collection of public art and really want to bring awareness to the community that applying adhesives does harm the art. So as stewards of the collection, we wanted to share that on social media.” The city has so far spent $1,500 on removing googly eyes from seven of the eight sculptures impacted, Mitchell said, and has started treating some of the art pieces, which are made of different types of metal such as bronze and steel. The “Phoenix Rising” sculpture might need to be repainted entirely, she said. For some, the googly eyes — like the other holiday objects — provide a welcome boost of seasonal cheer. “I look forward to seeing the creativity of whoever it is that decorates the roundabouts during the holidays,” one social media commenter said. “Brings a smile to everyone to see silliness.”

US President-elect Donald Trump filed a brief Friday urging the Supreme Court to pause a law that would ban TikTok the day before his January 20 inauguration if it is not sold by its Chinese owner ByteDance. "In light of the novelty and difficulty of this case, the court should consider staying the statutory deadline to grant more breathing space to address these issues," Trump's legal team wrote, to give him "the opportunity to pursue a political resolution." Trump was fiercely opposed to TikTok during his 2017-21 first term, and tried in vain to ban the video app on national security grounds. The Republican voiced concerns -- echoed by political rivals -- that the Chinese government might tap into US TikTok users' data or manipulate what they see on the platform. US officials had also voiced alarm over the popularity of the video-sharing app with young people, alleging that its parent company is subservient to Beijing and that the app is used to spread propaganda, claims denied by the company and the Chinese government. Trump called for a US company to buy TikTok, with the government sharing in the sale price, and his successor Joe Biden went one stage further -- signing a law to ban the app for the same reasons. Trump has now, however, reversed course. "Now (that) I'm thinking about it, I'm for TikTok, because you need competition," he recently told Bloomberg. "If you don't have TikTok, you have Facebook and Instagram -- and that's, you know, that's Zuckerberg." Facebook, founded by Mark Zuckerberg and part of his Meta tech empire, was among the social media networks that banned Trump after attacks by his supporters on the US Capitol on January 6, 2021. The ban was driven by concerns that he would use the platform to promote more violence. Those bans on major social media platforms were later lifted. In the brief filed on Friday, Trump's lawyer made it clear the president-elect did not take a position on the legal merits of the current case. "President Trump takes no position on the underlying merits of this dispute," John Sauer wrote in the amicus curiae -- or "friend of the court" -- brief. "Instead, he respectfully requests that the court consider staying the act's deadline for divestment of January 19, 2025, while it considers the merits of this case, thus permitting President Trump's incoming Administration the opportunity to pursue a political resolution of the questions at issue in the case."Sir Keir Starmer has been warned by a trade union not to impose “blunt headcount targets” for the size of the Civil Service but Government sources insisted there would be no set limit, although the number “cannot keep growing”. Departments have been ordered to find 5% “efficiency savings” as part of Chancellor Rachel Reeves’ spending review, potentially putting jobs at risk. The size of the Civil Service has increased from a low of around 384,000 in mid-2016, and the Tories went into the general election promising to reduce numbers by 70,000 to fund extra defence spending. Any reduction under Labour would be more modest, with the Guardian reporting more than 10,000 jobs could be lost. A Government spokesman said: “Under our plan for change, we are making sure every part of government is delivering on working people’s priorities — delivering growth, putting more money in people’s pockets, getting the NHS back on its feet, rebuilding Britain and securing our borders in a decade of national renewal. “We are committed to making the Civil Service more efficient and effective, with bold measures to improve skills and harness new technologies.” Mike Clancy, general secretary of the Prospect trade union said: “We need a clear plan for the future of the civil service that goes beyond the blunt headcount targets that have failed in the past. “This plan needs to be developed in partnership with civil servants and their unions, and we look forward to deeper engagement with the government in the coming months.” A Government source said: “The number of civil servants cannot keep growing. “But we will not set an arbitrary cap. “The last government tried that and ended up spending loads on more expensive consultants.” The Government is already risking a confrontation with unions over proposals to limit pay rises for more than a million public servants to 2.8%, a figure only just over the projected 2.6% rate of inflation next year. Unions representing teachers, doctors and nurses have condemned the proposals. In the face of the union backlash, Downing Street said the public sector must improve productivity to justify real-terms pay increases. The Prime Minister’s official spokesman said: “It’s vital that pay awards are fair for both taxpayers and workers.” Asked whether higher pay settlements to staff would mean departmental cuts elsewhere, the spokesman said: “Real-terms pay increases must be matched by productivity gains and departments will only be able to fund pay awards above inflation over the medium-term if they become more productive and workforces become more productive.” TUC general secretary Paul Nowak said: “It’s hard to see how you address the crisis in our services without meaningful pay rises. “And it’s hard to see how services cut to the bone by 14 years of Tory government will find significant cash savings. “The Government must now engage unions and the millions of public sector workers we represent in a serious conversation about public service reform and delivery.”

Chatham (N.J.), Dec 14 (AP) That buzzing coming out of New Jersey? It's unclear if it's drones or something else, but for sure the nighttime sightings are producing tons of talk, a raft of conspiracy theories and craned necks looking skyward. Cropping up on local news and social media sites around Thanksgiving, the saga of the drones reported over New Jersey has reached incredible heights. This week seems to have begun a new, higher-profile chapter: Lawmakers are demanding (but so far not getting) explanations from federal and state authorities about what's behind them. Gov. Phil Murphy wrote to President Joe Biden asking for answers. New Jersey's new senator, Andy Kim, spent Thursday night on a drone hunt in rural northern New Jersey, and posted about it on X. But perhaps the most fantastic development is the dizzying proliferation of conspiracies — none of which has been confirmed or suggested by federal and state officials who say they're looking into what's happening. It has become shorthand to refer to the flying machines as drones, but there are questions about whether what people are seeing are unmanned aircraft or something else. Some theorize the drones came from an Iranian mothership. Others think they are the Secret Service making sure President-elect Donald Trump's Bedminster property is secure. Others worry about China. The deep state. And on. In the face of uncertainty, people have done what they do in 2024: Create a social media group. The Facebook page, New Jersey Mystery Drones — let's solve it, has nearly 44,000 members, up from 39,000 late Thursday. People are posting their photo and video sightings, and the online commenters take it from there. One video shows a whitish light flying in a darkened sky, and one commenter concludes it's otherworldly. “Straight up orbs,” the person says. Others weigh in to say it's a plane or maybe a satellite. Another group called for hunting the drones literally, shooting them down like turkeys. (Do not shoot at anything in the sky, experts warn.) Trisha Bushey, 48, of Lebanon Township, New Jersey, lives near Round Valley Reservoir where there have been numerous sightings. She said she first posted photos online last month wondering what the objects were and became convinced they were drones when she saw how they moved and when her son showed her on a flight tracking site that no planes were around. Now she's glued to the Mystery Drones page, she said. “I find myself — instead of Christmas shopping or cleaning my house — checking it,” she said. She doesn't buy what the governor said, that the drones aren't a risk to public safety. Murphy told Biden on Friday that residents need answers. The federal Homeland Security Department and FBI also said in a joint statement they have no evidence that the sightings pose “a national security?or public safety?threat or have a foreign nexus.” “How can you say it's not posing a threat if you don't know what it is?” she said. “I think that's why so many people are uneasy.” Then there's the notion that people could misunderstand what they're seeing. William Austin is the president of Warren County Community College, which has a drone technology degree program, and is coincidentally located in one of the sighting hotspots. Austin says he has looked at videos of purported drones and that airplanes are being misidentified as drones. He cited an optical effect called parallax, which is the apparent shift of an object when viewed from different perspectives. Austin encouraged people to download flight and drone tracker apps so they can better understand what they're looking at. Nonetheless, people continue to come up with their own theories. “It represents the United States of America in 2024,” Austin said. “We've lost trust in our institutions, and we need it.” Federal officials echo Austin's view that many of the sightings are piloted aircraft such as planes and helicopters being mistaken for drones, according to lawmakers and Murphy. That's not really convincing for many, though, who are homing in on the sightings beyond just New Jersey and the East Coast, where others have reported seeing the objects. For Seph Divine, 34, another member of the drone hunting group who lives in Eugene, Oregon, it feels as if it's up to citizen sleuths to solve the mystery. He said he tries to be a voice of reason, encouraging people to fact check their information, while also asking probing questions. “My main goal is I don't want people to be caught up in the hysteria and I also want people to not just ignore it at the same time,” he said. “Whether or not it's foreign military or some secret access program or something otherworldly, whatever it is, all I'm saying is it's alarming that this is happening so suddenly and so consistently for hours at a time,” he added. (AP) IJT IJT (This story has not been edited by THE WEEK and is auto-generated from PTI)

(BPT) - This article was sponsored and developed by Neurocrine Biosciences, Inc. Cerebral palsy (CP) is a neurodevelopmental disorder affecting movement and posture that begins in early childhood development. It is the most common cause of motor disability in children, affecting about one in 345 children in the United States. 1-2 It may happen as a result of lack of oxygen during or around birth, stroke, infection, a problem with metabolism or other problems that cause injury or affect the development of parts of the brain involved in movement control in the first few years of life. 3 CP is a permanent condition, affecting a person for their entire life. People living with CP typically have motor problems, which may include spasticity (abnormal muscle tightness), dyskinesia (uncontrolled movements) or ataxia (poor muscle control), and many people have a mix of these motor disorders. 4 Dyskinesia due to CP (DCP) is one of the most disabling forms of CP and impacts approximately 10% to 20% of people living with CP. 5-6 According to the Cerebral Palsy Foundation (CPF), the combination of irregular and unpredictable movements (chorea) and twisting and repeating movements (dystonia) often disrupt activities and cause significant functional impairment, including the ability to maintain balance, walk or fine motor control. 7 Heather Riordan, M.D., Neurologist and Movement Disorders Specialist, Director of the Phelps Center for Cerebral Palsy at the Kennedy Krieger Institute, discusses the symptoms of chorea and impact on patients in a video shared on the CPF website here . About 30% of people with DCP are affected mostly by these involuntary and irregular movements (chorea), while dystonia is the predominant motor finding in the remaining 70%. 8 However, it is common for both chorea and dystonia movements to be present together. 6 For people living with DCP, these movements can occur in any region of the body, including the arms and legs, torso and face and may vary in severity. They are often triggered or made worse by stimulation or stress. Because dyskinesia can occur at rest and/or when actively using the body, the problems with movement are very burdensome in day-to-day living, with discomfort and pain affecting the quality of life for people and their caregivers. 9 Jen Lyman, mom to a son with DCP, highlights how dyskinesia makes communicating more difficult. "The most difficult thing about dyskinesia is watching my son struggle to do things that he wants to do, but the extra movements get in the way...special things, such as using a touch screen to video chat with his grandmother, are nearly impossible despite his best efforts to use his hands and fingers. Something so simple, yet so special for him should be effortless." DCP has a wide-ranging impact on the individual, including lifelong challenges with movement, a higher risk of other medical issues, a higher rate of mental health challenges and difficulties with communication. 10-12 "Those of us who have the privilege to serve patients with dyskinetic, hyperkinetic or mixed cerebral palsy see the functional impact of this very challenging type of tone every day," said Susan Biffl, M.D., Rehabilitation Medicine Specialist at Rady Children's Hospital-San Diego and Assistant Professor at UC San Diego School of Medicine. "Patients face challenges with self-care, independence, mobility, communication, fine motor skills that affect occupational and recreational activities, swallowing, social interactions and even sleep. As this tone is variable, it is much more challenging to treat than more consistent tone issues, such as spasticity." Treatment Options There are currently no Food and Drug Administration-approved treatments for DCP. Dystonia and chorea are often managed separately as they respond differently to various treatments, which can make treatment challenging. 3 Most drugs being investigated for DCP have focused on dystonia, and more research is needed to determine potential treatments for chorea. New treatment options are needed to help manage these movement disorders and improve daily function and quality of life for those affected. "After 20 years of caring for individuals with cerebral palsy, I continue to find those with dyskinetic cerebral palsy among the most challenging to treat, largely due to the limited effectiveness of available pharmacologic options," said Joyce Oleszek, M.D., Professor, Department of Physical Medicine and Rehabilitation, University of Colorado School of Medicine. "There is an urgent need for more robust evidence to support pharmacologic treatments for this condition, given its profound impact on function, comfort and quality of life." Ongoing Research Clinical studies are important in the development of treatment options, allowing researchers to evaluate the safety and effectiveness of new medicines. The data from clinical studies are used to determine if an investigational treatment can be approved for use to treat certain disorders. There are ongoing clinical studies evaluating potential treatments for DCP, including one for chorea. Neurocrine Biosciences is conducting the KINECT ® -DCP clinical study, a Phase 3, randomized, double-blind placebo-controlled study investigating the study drug, valbenazine, for the treatment of DCP. The clinical study is currently enrolling children, adolescents and adults six to 70 years of age who have been diagnosed with DCP. "The Cerebral Palsy Foundation is excited to partner with Neurocrine Biosciences on this study," said Rachel Byrne, Executive Director of the Cerebral Palsy Foundation. "We are proud to support strong research that can potentially bring meaningful change to the lives of those living with cerebral palsy." If you or someone you know may be eligible for this research study, please visit the study website for additional information here: FindADCPStudy.com . REFERENCES © 2024 Neurocrine Biosciences, Inc. All Rights Reserved. CAP-NBI-US-0115 12/2024 NBI-98854-DCP3018_11DecMatRelease_v1.0_25November2024

The holiday season isn't prime time for the housing market. Fewer people buy and sell homes in the winter months, leading to a decline in home loan applications. Furthermore, mortgage rates have reached their highest levels in weeks. Following the Federal Reserve's third interest rate cut at its December policy meeting, the average 30-year fixed rate jumped back up to its November high of around 7%. Though the Fed influences the direction of overall borrowing rates, it doesn't directly control the mortgage market . Mortgage rates are driven by investor expectations and move with the yield on the 10-year Treasury, with numerous factors affecting the bond market. For mortgage rates to reverse their upward trend, bond market investors would have to be convinced that the economy is cooling. Until there's proof that inflation is easing and the job market is softening, mortgage rates will stay elevated in the near term. The Fed is projecting a slower pace of rate cuts over the course of 2025 , which will likely keep average rates somewhat volatile, fluctuating between 5.75% on the low end and 7.25% on the high end, according to HousingWire's 2025 forecast . Read more : 2025 Mortgage Rate Forecast Why are mortgage rates higher after the Fed's rate cut? The recent surge in longer-term Treasury yields and home loan rates was due in large part to the Fed's newly updated Summary of Economic Projections , outlining expectations for just two 0.25% interest rate cuts in 2025, down from four previously. To maintain maximum employment and contain inflation, the Fed assesses economic data to determine whether to raise or lower its benchmark short-term interest rate. Investors care about the Fed's future outlook for rate adjustments because it determines their trading strategy and risk assessment. This month, markets heavily weighed Fed Chair Jerome Powell's concerns about inflation reigniting and President-elect Donald Trump's tax and tariff proposals . Powell conveyed a more conservative tone about future policy changes: "When the path is uncertain, you go a little bit slower." Taking cues from "a more hawkish Fed," prices in the bond and stock market quickly plunged, according to Matt Graham of Mortgage News Daily. Hawkish monetary policy tends to be more restrictive, relying on higher interest rates to keep inflation in check. Though the Fed pivoted to cutting interest rates back in September, it's wary of easing them too quickly only to see progress on inflation stall or reverse course entirely. Experts say the Fed is likely to hold off on additional reductions until March or even later. Where are mortgage rates going in 2025? Although experts optimistically predicted rates would fall close to 6% by the end of 2024, projections have changed significantly. Fannie Mae now expects average 30-year fixed mortgage rates to hold above 6.5% until early 2025. "If the Fed does end up only cutting twice next year, it's possible mortgage rates will stay pretty similar to where they are now," said Chen Zhao , head of economic research at Redfin. Aside from the normal day-to-day volatility, mortgage rates will stay above 6% for a while. That may seem high compared with the recent 2% rates of the pandemic era. But experts say getting below 3% on a 30-year fixed mortgage is unlikely without a severe economic downturn. Since the 1970s, the average rate for a 30-year fixed mortgage has been around 7%. Given a new administration, changes in the geopolitical outlook and a risk of inflation rebounding, forecasts could change again over the coming months. Future rate movement depends on an array of factors, including: Trump's economic policies: Trump's proposals for tax cuts and tariffs are a big wild card for mortgage rates. Experts say such moves could stimulate demand, increase deficits and push inflation back up. That could prompt the Fed to delay future rate reductions, which in turn would keep home loan rates high. 10-year Treasury yields: Average 30-year fixed mortgage rates closely track bond yields, specifically 10-year Treasury yields. If inflation and labor data continues to be strong, bond yields and mortgage rates will go up. The opposite will happen if unemployment rises or inflation cools and the Fed continues cutting rates. Geopolitical situations: Mortgage rates are also impacted by geopolitical events, including military conflicts and elections. Political instability can lead to economic uncertainty, which can result in more volatility with bond yields and mortgage rates. Potential curveballs: Bond investors often act in anticipation of what they believe will happen in the economy. For example, if the expectation is for unemployment to increase, bond yields and mortgage rates will fall. But if the outcome doesn't match market expectations, yields can quickly swing higher or lower. Other unknowns: Though Trump's policies have led to expectations of higher inflation and budget deficits, there's still a lot of uncertainty surrounding the timing and substance of economic changes. Campaign promises rarely mirror the policies that end up being implemented, and it's impossible for investors to predict how big the gap between the two will be. What else is happening in the housing market? Today's unaffordable housing market results from high mortgage rates, a long-standing housing shortage , expensive home prices and a loss of purchasing power due to inflation. 🏠 Low housing inventory : A balanced housing market typically has five to six months of supply. Most markets today average around half that amount. Although we saw a surge in new construction in 2022, according to Zillow , we still have a shortage of around 4.5 million homes. 🏠 Elevated mortgage rates : At the start of 2022, mortgage rates were near historic lows of around 3%. As inflation surged and the Fed began hiking interest rates to tame it, mortgage rates roughly doubled within a year. In 2024, mortgage rates are still high, effectively pricing millions of prospective buyers out of the housing market. That's caused home sales to slow , even during typically busy home-buying months, like the spring and early summer. 🏠 Rate-lock effect : Since the majority of homeowners are locked into mortgage rates below 6%, with some as low as 2% and 3%, they're reluctant to sell their current homes since it would mean buying a new home with a significantly higher mortgage rate. Until mortgage rates fall below 6%, homeowners have little incentive to list their homes for sale, leaving a dearth of resale inventory. 🏠 High home prices : Although home buying demand has been limited in recent years, home prices remain high because of a lack of inventory. The median US home price was $434,568 in September, up 5.1% on an annual basis, according to Redfin. 🏠 Steep inflation : Inflation increases the cost of basic goods and services, reducing our purchasing power. It also impacts mortgage rates: When inflation is high, lenders typically set interest rates on consumer loans to compensate for the loss of purchasing power and ensure a profit. Should you wait or buy now? It's never a good idea to rush into buying a home without knowing what you can afford, so establish a clear homebuying budget. Here's what experts recommend before purchasing a home: 💰 Build your credit score . Your credit score is one of the main factors lenders consider when determining whether you qualify for a mortgage and at what interest rate. Working toward a credit score of 740 or higher will help you qualify for a lower rate. 💰 Save for a bigger down payment . A larger down payment will allow you to take out a smaller mortgage and get a lower interest rate from your lender. If you can afford it, making a down payment of at least 20% will also eliminate the need for private mortgage insurance. 💰 Shop around for mortgage lenders . Comparing loan offers from multiple mortgage lenders can help you negotiate a better rate . Experts recommend you get at least two to three loan estimates from different lenders before making a decision. 💰 Consider the rent vs. buy equation . Choosing to rent or buy a home isn't just comparing monthly rent to a mortgage payment. Renting offers flexibility and lower upfront costs, but buying allows you to build wealth and have more control over your housing costs. The best choice depends on your finances, lifestyle and how long you plan to stay in one place. 💰 Consider mortgage points . One way to get a lower mortgage rate is to buy it down using mortgage points . One mortgage point equals a 0.25% decrease in your mortgage rate. Generally, each point will cost 1% of the total loan amount. More on today's housing marketAward-Winning Author Brings Inspiration, Joy, and Hope to Global Audiences