Property boom: US home prices surge at fastest pace on record

The median price of a single-family home soared 14.9 percent to $315,000 in the fourth quarter of 2020. U.S. home prices, fueled by the lowest mortgage rates in history, rose at the fastest pace on record, surpassing the peak from the last property boom in 2005. The median price of a single-family home climbed 14.9% […]

Property damaged as Cyclone Eloise hits Mozambique’s Beira

Cyclone Eloise, which lost its strength, hit the port city of Beira early on Saturday, but danger of flooding remains. Tropical Cyclone Eloise has made landfall near Mozambique’s port city of Beira, which was devastated by Cyclone Idai less than two years ago. “Beira had mild damage, but is too early to quantify the extent […]