Parts of US to see up to 4ft of snow as winter storm prompts tornado warnings

US Housing Market Sees Sales of New Homes Plummet in Several States

US Housing Market , Sees Sales of New Homes , Plummet in Several States. 'Newsweek' reports that sales of new homes across the Northeast and Midwest plummeted in February, dragging the overall housing market down across the country. The news comes at a time when elevated mortgage rates have already dissuaded many buyers from purchasing property. In the Northeast, sales of single-family homes dropped 31.5%, while the Midwest saw a more modest decline of 2.4%. . Sales in the South and West saw positive increases, with 3.7% and 2.3%, respectively for the month. Sales in the South and West saw positive increases, with 3.7% and 2.3%, respectively for the month. According to analysts, the disappointing numbers are the result of high mortgage rates. Rising mortgage rates subdued activity in February, Yelena Maleyev, senior economist for KPMG, via 'Newsweek'. As a result of high mortgage rates, homebuyers remain reluctant despite lower prices, which dropped to their lowest level since June 2021. . As a result of high mortgage rates, homebuyers remain reluctant despite lower prices, which dropped to their lowest level since June 2021. . According to government data, the median sale price for a single-family home fell by over $14,000 to reach around $400,000. . Sales were spurred by a rise in inventory, as 1.07 million homes were available for sale at the end of the month, Yelena Maleyev, senior economist for KPMG, via 'Newsweek'. The rise in inventories was not enough to offset the upward pressure on existing home values; the median sales price rose to $384,500, the highest since November 2023, Yelena Maleyev, senior economist for KPMG, via 'Newsweek'

These Are the 2024 Sweet 16 March Madness Teams

These Are the 2024 Sweet 16 , March Madness Teams. These Are the 2024 Sweet 16 , March Madness Teams. 64 NCAA Division I teams have been cut down to the Sweet 16, CBS News reports. . The teams that will advance in the March Madness tournament are:. North Carolina Tar Heels Iowa State Cyclones NC State Wolfpack Gonzaga Bulldogs. North Carolina Tar Heels Iowa State Cyclones NC State Wolfpack Gonzaga Bulldogs. North Carolina Tar Heels Iowa State Cyclones NC State Wolfpack Gonzaga Bulldogs. North Carolina Tar Heels Iowa State Cyclones NC State Wolfpack Gonzaga Bulldogs. Arizona Wildcats Illinois Fighting Illini Tennessee Volunteers Purdue Boilermakers. Arizona Wildcats Illinois Fighting Illini Tennessee Volunteers Purdue Boilermakers. Arizona Wildcats Illinois Fighting Illini Tennessee Volunteers Purdue Boilermakers. Arizona Wildcats Illinois Fighting Illini Tennessee Volunteers Purdue Boilermakers. Marquette Golden Eagles Creighton Bluejays Duke Blue Devils Clemson Tigers. Marquette Golden Eagles Creighton Bluejays Duke Blue Devils Clemson Tigers. Marquette Golden Eagles Creighton Bluejays Duke Blue Devils Clemson Tigers. Marquette Golden Eagles Creighton Bluejays Duke Blue Devils Clemson Tigers. Alabama Crimson Tide San Diego State Aztecs Houston Cougars University of Connecticut Huskies. Alabama Crimson Tide San Diego State Aztecs Houston Cougars University of Connecticut Huskies. Alabama Crimson Tide San Diego State Aztecs Houston Cougars University of Connecticut Huskies. Alabama Crimson Tide San Diego State Aztecs Houston Cougars University of Connecticut Huskies. Four teams remain in each regional bracket. Four teams remain in each regional bracket. In the East:, No. 1 seed Connecticut vs. No. 5 San Diego State No. 2 seed Iowa State vs. No. 3 seed Illinois. In the East:, No. 1 seed Connecticut vs. No. 5 San Diego State No. 2 seed Iowa State vs. No. 3 seed Illinois. In the East:, No. 1 seed Connecticut vs. No. 5 San Diego State No. 2 seed Iowa State vs. No. 3 seed Illinois. In the East:, No. 1 seed Connecticut vs. No. 5 San Diego State No. 2 seed Iowa State vs. No. 3 seed Illinois. In the West:, No. 1 seed North Carolina vs. No. 4 seed Alabama No. 2 seed Arizona vs. No. 6 seed Clemson. In the West:, No. 1 seed North Carolina vs. No. 4 seed Alabama No. 2 seed Arizona vs. No. 6 seed Clemson. In the West:, No. 1 seed North Carolina vs. No. 4 seed Alabama No. 2 seed Arizona vs. No. 6 seed Clemson. In the West:, No. 1 seed North Carolina vs. No. 4 seed Alabama No. 2 seed Arizona vs. No. 6 seed Clemson. In the South:, No. 1 Houston vs. No. 4 Duke No. 2. seed Marquette vs. No. 11 seed NC State. In the South:, No. 1 Houston vs. No. 4 Duke No. 2. seed Marquette vs. No. 11 seed NC State. In the South:, No. 1 Houston vs. No. 4 Duke No. 2. seed Marquette vs. No. 11 seed NC State. In the South:, No. 1 Houston vs. No. 4 Duke No. 2. seed Marquette vs. No. 11 seed NC State. In the Midwest:, No. 1 seed Purdue vs. No. 5 seed Gonzaga No. 2 seed Tennessee vs. No. 3 seed Creighton. In the Midwest:, No. 1 seed Purdue vs. No. 5 seed Gonzaga No. 2 seed Tennessee vs. No. 3 seed Creighton. In the Midwest:, No. 1 seed Purdue vs. No. 5 seed Gonzaga No. 2 seed Tennessee vs. No. 3 seed Creighton. In the Midwest:, No. 1 seed Purdue vs. No. 5 seed Gonzaga No. 2 seed Tennessee vs. No. 3 seed Creighton. Sweet 16 games will take place from March 28-31