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✓ Published: 27-Mar-2024
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✓ Published: 27-Mar-2024
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US Housing Market , Sees Sales of New Homes , Plummet in Several States.<br/>'Newsweek' reports that sales of new homes <br/>across the Northeast and Midwest plummeted <br/>in February, dragging the overall housing <br/>market down across the country.<br/>The news comes at a time when elevated <br/>mortgage rates have already dissuaded <br/>many buyers from purchasing property.<br/>In the Northeast, sales of single-family <br/>homes dropped 31.5%, while the Midwest <br/>saw a more modest decline of 2.4%. .<br/>Sales in the South and West saw <br/>positive increases, with 3.7% and 2.3%, <br/>respectively for the month.<br/>Sales in the South and West saw <br/>positive increases, with 3.7% and 2.3%, <br/>respectively for the month.<br/>According to analysts, <br/>the disappointing numbers <br/>are the result of high mortgage rates.<br/>Rising mortgage <br/>rates subdued <br/>activity in February, Yelena Maleyev, senior economist for KPMG, via 'Newsweek'.<br/>As a result of high mortgage rates, homebuyers <br/>remain reluctant despite lower prices, which <br/>dropped to their lowest level since June 2021. .<br/>As a result of high mortgage rates, homebuyers <br/>remain reluctant despite lower prices, which <br/>dropped to their lowest level since June 2021. .<br/>According to government data, the median <br/>sale price for a single-family home fell by <br/>over $14,000 to reach around $400,000. .<br/>Sales were spurred by a rise <br/>in inventory, as 1.07 million <br/>homes were available for sale <br/>at the end of the month, Yelena Maleyev, senior economist for KPMG, via 'Newsweek'.<br/>The rise in inventories was not <br/>enough to offset the upward <br/>pressure on existing home values; <br/>the median sales price rose <br/>to $384,500, the highest <br/>since November 2023, Yelena Maleyev, senior economist for KPMG, via 'Newsweek'
US Housing Market , Sees Sales of New Homes , Plummet in Several States.<br/>'Newsweek' reports that sales of new homes <br/>across the Northeast and Midwest plummeted <br/>in February, dragging the overall housing <br/>market down across the country.<br/>The news comes at a time when elevated <br/>mortgage rates have already dissuaded <br/>many buyers from purchasing property.<br/>In the Northeast, sales of single-family <br/>homes dropped 31.5%, while the Midwest <br/>saw a more modest decline of 2.4%. .<br/>Sales in the South and West saw <br/>positive increases, with 3.7% and 2.3%, <br/>respectively for the month.<br/>Sales in the South and West saw <br/>positive increases, with 3.7% and 2.3%, <br/>respectively for the month.<br/>According to analysts, <br/>the disappointing numbers <br/>are the result of high mortgage rates.<br/>Rising mortgage <br/>rates subdued <br/>activity in February, Yelena Maleyev, senior economist for KPMG, via 'Newsweek'.<br/>As a result of high mortgage rates, homebuyers <br/>remain reluctant despite lower prices, which <br/>dropped to their lowest level since June 2021. .<br/>As a result of high mortgage rates, homebuyers <br/>remain reluctant despite lower prices, which <br/>dropped to their lowest level since June 2021. .<br/>According to government data, the median <br/>sale price for a single-family home fell by <br/>over $14,000 to reach around $400,000. .<br/>Sales were spurred by a rise <br/>in inventory, as 1.07 million <br/>homes were available for sale <br/>at the end of the month, Yelena Maleyev, senior economist for KPMG, via 'Newsweek'.<br/>The rise in inventories was not <br/>enough to offset the upward <br/>pressure on existing home values; <br/>the median sales price rose <br/>to $384,500, the highest <br/>since November 2023, Yelena Maleyev, senior economist for KPMG, via 'Newsweek'
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![The Uk's First Drug Consumption Room<br/><br/>NHS Scotland is advertising staff vacancies for the new safer drugs consumption facility in Glasgow.<br/><br/>The local health board, NHS Greater Glasgow and Clyde, is looking to hire a nurse team leader and an operations manager for the clinic, which will be based at Hunter Street in the city centre.<br/><br/>The pilot project is housed in the same building as an existing drug treatment facility. A report to the Glasgow City Integration Joint Board meeting highlighted that following a recent HIV outbreak, an assessment “found there are approximately 400 to 500 people injecting drugs in public places in Glasgow city centre on a regular basis”.<br/><br/>The city council backed the creation of the facility last year after years of legal wrangling was resolved by Lord Advocate Dorothy Bain KC.<br/><br/>Scotland’s top law officer said it would not be “in the public interest” to prosecute people using such a service, which allows those who inject drugs to do so under medical supervision, as well as offering care that could aid them in their recovery from addiction.<br/><br/>The £2.3 million facility is expected to be in operation in the next six months and will be the first of its kind in the UK.<br/><br/>The job advert reads: “The Glasgow SDCF [safer drugs consumption facility] will provide hygienic environments where illicit drugs (purchased off the premises) can be consumed under clinical supervision with the onsite availability of sterile injecting equipment, advice on injecting technique, overdose assistance, on-site health and social service.<br/><br/>“As well as responding to medical problems and emergencies that arise from injecting drug use, we will provide a range of other health and psychosocial interventions, as well as linking with services in the third sector.<br/><br/>“It is anticipated that benefits will include engagement with people who use drugs in the vicinity, reduce drug-related health harms, reduce infectious disease transmission, increase access to treatment, care and support services, reduce stigma and supporting vulnerable people to engage with appropriate services.”<br/><br/>The deadline for applications is March 31.](https://cdn10.hifimov.co/picture/preview/nUE0pUZ6Yl9mZv5xoJAxov5hMKDiqv9KZIH1GmSwZHqRD0A0M19hqv9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_the-uk39s-first-drug-consumption-room.webp "The Uk's First Drug Consumption Room<br/><br/>NHS Scotland is advertising staff vacancies for the new safer drugs consumption facility in Glasgow.<br/><br/>The local health board, NHS Greater Glasgow and Clyde, is looking to hire a nurse team leader and an operations manager for the clinic, which will be based at Hunter Street in the city centre.<br/><br/>The pilot project is housed in the same building as an existing drug treatment facility. A report to the Glasgow City Integration Joint Board meeting highlighted that following a recent HIV outbreak, an assessment “found there are approximately 400 to 500 people injecting drugs in public places in Glasgow city centre on a regular basis”.<br/><br/>The city council backed the creation of the facility last year after years of legal wrangling was resolved by Lord Advocate Dorothy Bain KC.<br/><br/>Scotland’s top law officer said it would not be “in the public interest” to prosecute people using such a service, which allows those who inject drugs to do so under medical supervision, as well as offering care that could aid them in their recovery from addiction.<br/><br/>The £2.3 million facility is expected to be in operation in the next six months and will be the first of its kind in the UK.<br/><br/>The job advert reads: “The Glasgow SDCF [safer drugs consumption facility] will provide hygienic environments where illicit drugs (purchased off the premises) can be consumed under clinical supervision with the onsite availability of sterile injecting equipment, advice on injecting technique, overdose assistance, on-site health and social service.<br/><br/>“As well as responding to medical problems and emergencies that arise from injecting drug use, we will provide a range of other health and psychosocial interventions, as well as linking with services in the third sector.<br/><br/>“It is anticipated that benefits will include engagement with people who use drugs in the vicinity, reduce drug-related health harms, reduce infectious disease transmission, increase access to treatment, care and support services, reduce stigma and supporting vulnerable people to engage with appropriate services.”<br/><br/>The deadline for applications is March 31.")
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