Should you wait out the hot housing market?

It’s easy to feel the pressure to buy when houses are getting snapped up all around you, but does that mean you should jump or is it better to wait out a hot housing market and see if it calms down? Experts weigh in on the pros and cons of waiting it out.

US inflation rose 8.5% in past year, highest since 1981

Even excluding volatile food and energy prices, which have driven overall inflation, so-called core inflation jumped 6.5 percent over the past 12 months, the biggest such increase since 1982.

 
Police scouring New York City for subway shooter, U-Haul truck

A gunman in a gas mask and a construction vest set off a smoke canister on a rush-hour subway train in Brooklyn and shot at least 10 people Tuesday, authorities said.