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U.S. sales of existing homes were unchanged in August, as a shortage of houses priced at less than $250,000 — a level considered to be affordable for the middle class — has become a drag on the real estate market.
The National Association of Realtors said Thursday that homes sold last month at a seasonally adjusted annual pace of 5.34 million. Existing home sales have fallen 1.5 percent during the past 12 months.
Price gains are moderating, and the total number of sales listings is increasing, a marked change from roughly three years' worth of annual declines in inventory. But the sales momentum is increasingly concentrated on homes worth more than $500,000, while sales of homes worth less than $250,000 have tumbled over the past year.
Authorities say multiple people have been shot in northeast Maryland, just south of Aberdeen. The shooting was reported just after 9 a.m.
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Ben Jealous compared his decisive Maryland Democratic primary victory in June to climbing the world's second-highest mountain — a prelude, he hopes, to ascending the state's political Mount Everest to knock off popular Republican Gov. Larry Hogan. Instead, Jealous has had to reverse course in recent weeks after some highly publicized missteps.
Badly outmatched in fundraising in a state where Democrats outnumber Republicans 2-1, Jealous is struggling so far to become Maryland's first black governor and prevent the first re-election of a Republican governor in the heavily blue state since 1954.
Voters have elected just two black governors in U.S. history — in 2006 in Massachusetts and 1989 in Virginia.
Twice in less than a year, the federal government has lost track of nearly 1,500 migrant children after placing them in the homes of sponsors across the country, federal officials have acknowledged.
The Health and Human Services Department recently told Senate staffers that case managers could not find 1,488 children after they made follow-up calls to check on their safety from April through June. That number represents about 13 percent of all unaccompanied children the administration moved out of shelters and foster homes during that time.
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The World Anti-Doping Agency reinstated Russia on Thursday despite a wave of protests, ending the nearly three-year suspension of the country's drug-testing program because of a state-sponsored doping scheme.
WADA's decision after a vote of its 12-member executive committee was called "the greatest treachery against clean athletes in Olympic history" by the lawyer of the whistleblower who helped uncover Russia's cheating.
WADA decided to reinstate Russia after backtracking on two key conditions it had set for reinstatement: That Russia accept a report that concluded state involvement in the doping and cover-ups, and that Russia give access to evidence stored in its discredited Moscow laboratory.