Tuesday, June 18 2013 10:18 AM EDT2013-06-18 14:18:23 GMT
(CBS/CNN) - Chrysler is expected to explain why its refusing to recall more than 2.5 million jeep SUVs. The National Highway Traffic Safety administration says 51 people have suffered fiery deaths inMore >>
Chrysler is expected to explain why its refusing to recall more than 2.5 million jeep SUVs and another recall on the Nap Nanny infant recliner.More >>
Monday, June 17 2013 9:41 AM EDT2013-06-17 13:41:31 GMT
(CNN) - A science-fiction-style project -- which could bring internet access to five billion people across the planet -- is being tested out in New Zealand. Software giant Google is launching balloonsMore >>
A science-fiction-style project -- which could bring internet access to five billion people across the planet -- is being tested out in New Zealand. Software giant Google is launching balloons into the stratosphere -- equipped with wireless technology that could create a truly global network.More >>
Friday, June 14 2013 10:13 AM EDT2013-06-14 14:13:03 GMT
(CNN) - An elephant stuck in a well, a really big hornet's nest and flying food trays are all video that will have you talking today. It's not a place you would expect to find an elephant, even a babyMore >>
An elephant stuck in a well, a really big hornet's nest and flying food trays are all video that will have you talking today.More >>
Thursday, June 13 2013 10:32 AM EDT2013-06-13 14:32:18 GMT
(CNN/CBS) - Hashtags are coming to Facebook. This is to help users better surface conversations. The social network wants to make it easier for users to find content already on Facebook and functionalMore >>
In today's What's Trending report, #Hashtags are coming to Facebook. This is to help users better surface conversations. More >>
Wednesday, June 12 2013 10:09 AM EDT2013-06-12 14:09:28 GMT
(CNN) - Buying your clothes from thrift stores, also called, "thrifting," is becoming more popular and trendy. An example of how it's grown: Goodwill Industries reported an 83% increase in revenue fromMore >>
Buying your clothes from thrift stores, also called, "thrifting," is becoming more popular and trendy. An example of how it's grown: Goodwill Industries reported an 83% increase in revenue from 2007 to 2012.More >>
Tuesday, June 11 2013 9:50 AM EDT2013-06-11 13:50:52 GMT
(CBS) - Law enforcement from San Francisco and New York are holding a smartphone summit this week. They'll meet with representatives from Apple, Google, Samsung and Microsoft and urge them to create newMore >>
A smartphone summit gets underway this week to tackle the rise in gadget thefts and more than 300,000 Honda Odysseys are being added to a federal probe of faulty air bags.More >>
Monday, June 10 2013 9:53 AM EDT2013-06-10 13:53:42 GMT
(CNN/KSDK) - A woman's chance of living at least five years after being diagnosed with breast cancer has gone up from 50% in the 1970's to 85%. But modern science doesn't get all the credit for the healing,More >>
A chair dubbed-- The Healing Chair-- helps seven women recover from cancer. The big brown recliner has been passed down by several ladies who were going through chemo and surgery.More >>
Saturday, June 8 2013 11:48 PM EDT2013-06-09 03:48:40 GMT
(CNN) - An Idaho grandmother who believes in living on the edge, jumps off a bridge wearing a chute and a smile. Get this, it was all for her 102nd birthday. Maybe you'll recognize her from appearances.More >>
An Idaho grandmother who believes in living on the edge, jumps off a bridge wearing a chute and a smile. Get this, it was all for her 102nd birthday.
Thursday, June 6 2013 2:16 PM EDT2013-06-06 18:16:46 GMT
(CNN) - In Entertainment News, Michael Jackson's 15 year old daughter Paris is hospitalized this morning. She's recovering after cutting one of her wrists. A family lawyer said Paris is physically fine. OneMore >>
Michael Jackson's 15 year old daughter Paris is hospitalized. More good news for Jennifer Love Hewitt, the actress is engaged.More >>
Wednesday, June 5 2013 10:33 AM EDT2013-06-05 14:33:44 GMT
(CNN) - The apparent kidnapping of a U.S. Marine and the recent arrest of a mother on drug charges. These cases are raising questions about the safety of Americans in Mexico. Americans flock to MexicoMore >>
The apparent kidnapping of a U.S. Marine and the recent arrest of a mother on drug charges. These cases are raising questions about the safety of Americans in Mexico.More >>
NEW YORK (CNNMoney) - At long last, the housing market is improving in Nevada, Florida and other important swing states that were some of the hardest hit during the downturn.
But that probably won't win President Obama a lot of points at the election polls, according to some experts.
On the national front, home prices and home sales are up, while foreclosures are down. The swing states are also seeing some positive results.
In Nevada, there were just over 14,000 foreclosure filings in the second quarter, less than half the amount the year before, according to RealtyTrac. Foreclosure sales are on the decline after a state law last year cracked down on loan servicers' practices, while short sales are on the rise. Short sales are better for neighborhoods because the homes are often maintained better and command higher prices.
The median price of a single family home in the Las Vegas area, by far the largest market in the state, has climbed 9% over the past year, according to the Greater Las Vegas Association of Realtors.
And in Florida, foreclosures are creeping up again as banks recover from their paperwork fiasco, which forced them to greatly slow the number of delinquent homeowners they brought to court. But it's still down by about a third from 2010 figures.
The typical single family home is selling for 7.8% more than it did a year ago, according to Florida Realtors. Median sales prices are the highest they've been since 2009.
Home prices are up thanks to a rebound in employment and in the stock market, said John Tuccillo, chief economist for the Realtors group. Investors, particularly from abroad, are once again realizing the Sunshine State is a good place to buy, he said.
In Ohio, prices rose 4.9%, according to the Ohio Association of Realtors. Foreclosures, however, are on the upswing.
But rising home prices don't mean there aren't any dark clouds hovering over the swing states. The good news about housing doesn't seem to be trickling down to voters, who still view their states as being stuck in a real estate slump with little improvement.
"The housing market is starting to recover in most areas of the country, but most consumers don't realize it," said John Burns, head of John Burns Real Estate Consulting. "The word hasn't gotten out that home prices are appreciating again."
One main concern that's dampening homeowners' enthusiasm is the number of homes that are underwater, or worth less than the mortgage. Nearly 31% of homeowners nationwide are in this predicament, a disproportionate number of them younger than 40, according to Zillow.
That problem is amplified in some of the swing states.
In the metro Las Vegas area, more than two-thirds of borrowers are underwater. More than half of Orlando borrowers owe more than their homes are worth, while in the Miami-Fort-Lauderdale market nearly 44% do. In Cleveland and Columbus, one-third are underwater.
Also, many would-be buyers are finding it tough to get approved for mortgages, while homeowners seeking to refinance to lower interest rates are also being stymied by bank bureaucracy.
"We're significantly better off than we were two years ago, but there are still enough problems remaining for people to be concerned about their housing situation," Tuccillo said.
Will it be enough to sway swing state voters?
For the most part, the presidential candidates are largely ignoring the housing market.
While Obama launched a series of efforts to try to fix housing since he first took office in 2009, they were mostly viewed as ineffective. Not many new ideas have been included in his 2012 campaign either.
His challenger, Mitt Romney, does not list any housing fixes in his economic proposal. And the Republican platform unveiled last week talks only of dismantling Fannie Mae and Freddie Mac and curtailing the Federal Housing Administration.
Ultimately, many voters will tie the recovery of the housing market to the recovery of the job market, Burns said. So they will pick the candidate they think can best boost the economy.
Tuesday, June 18 2013 6:50 PM EDT2013-06-18 22:50:52 GMT
TYLER (KYTX) - One man is dead after being shot in a hotel room at 6:55 Saturday morning at the American Inn Motel. Tyler Police said a report of a shooting victim was called in to police. When officersMore >>
Tyler Police are hoping surveillance video will lead them to four men wanted in connection with a deadly weekend shooting.More >>
Tuesday, June 18 2013 6:07 PM EDT2013-06-18 22:07:12 GMT
(KYTX)- TYLER, Texas-A Tyler eco-tourism guide was discovered with something up his sleeve in August of 2012. U.S. Attorney John M. Bales announced today that sixty-three year old William Lamar has nowMore >>
U.S. Attorney John M. Bales announced today that sixty-three year old William Lamar has now has pleaded guilty to smuggling snakes into the country.More >>
Tuesday, June 18 2013 5:54 PM EDT2013-06-18 21:54:38 GMT
An award winning local East Texas Bakery has announced their sweet secret that reveled them as contestants on the Food Network's hit show "Cupcake Wars." The Luscious Crumb filmed their episode back inMore >>
An award winning local East Texas Bakery has announced their sweet secret that reveled them as contestants on the Food Network's hit show "Cupcake Wars."More >>
Wednesday, June 19 2013 8:29 AM EDT2013-06-19 12:29:39 GMT
TYLER (KYTX) - Along with the arrival of summer comes the threat of ticks and the sicknesses that some of them can carry. A North Carolina family is mourning the loss of their six-year-old girl. SheMore >>
Along with the arrival of summer comes the threat of ticks and the sicknesses that some of them can carry.More >>
Wednesday, June 19 2013 7:58 AM EDT2013-06-19 11:58:19 GMT
EAST TEXAS (KYTX) - Foggy here in East Texas this morning with a dense fog advisory in effect until 10am. Otherwise, a stalled out front near Lufkin will provide a 20% chance of scattered afternoon andMore >>
Foggy here in East Texas this morning with a dense fog advisory in effect until 10am. A stalled out front near Lufkin will provide a 20% chance of scattered afternoon/evening thunderstorms.More >>