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Regional US airports are back after years of decay

Regional US airports are back after years of decay

Lebawit Lily Girma | Bloomberg News (TNS)

The ski resorts near Gunnison and Crested Butte, Colorado, are so close to Aspen, you’d think the area wouldn’t need its own airport. Their glitzier neighbor is just 48 miles north as the crow flies, though that’s roughly 150 miles by road.

But people flocking to Crested Butte’s laid-back town, extreme ski slopes and epic mountain biking have a new reason to bypass farther-away Aspen: the destination’s gleaming new airport, which debuted in January 2023.

Not only is the Gunnison-Crested Butte Regional Airport terminal easy to get across quickly, at just 40,000 square feet, it’s also heated and cooled with geothermal energy and uses triple glazed windows to keep travelers warm in a town known to be one of the coldest places in the US.

And Crested Butte isn’t the only small town airport receiving an upgrade.

All across the U.S., at least a dozen small and medium-size facilities are being renovated and, in some cases, entirely rebuilt — typically on budgets that stretch eight and nine figures. That contradicts a long-held belief among aviation industry pros that these regional facilities were destined to gather dust and die out. read more

What credit score is needed to buy a house?

What credit score is needed to buy a house?

Libby Wells | Bankrate.com (TNS)

Strictly speaking, you don’t need a credit score to buy a house. If you’re paying cash, for example, no one necessarily cares whether you have good credit. However, if — like most aspiring American homeowners — you’ll need financing, then your credit score is crucial.

Your credit score is one of the most important factors lenders consider when you apply for a mortgage. Not just to qualify for the loan itself, but for the conditions: Typically, the higher your score, the lower the interest rates and better terms you’ll qualify for.

So, what is a good score if you want to buy a house? It depends on the type of mortgage you’re seeking: Many loans vary when it comes to the credit score needed to qualify. Generally speaking, you’ll likely need a score of at least 620 — what’s classified as a “fair” rating — to qualify with most lenders. With a Federal Housing Administration (FHA) loan, though, you might be able to get approved with a score as low as 500. read more

Royal Caribbean gives 1st look at Port Canaveral-bound Star of the Seas

Royal Caribbean gives 1st look at Port Canaveral-bound Star of the Seas

Royal Caribbean’s Star of the Seas will take the title of world’s largest cruise ship when it debuts out of Port Canaveral next year and the cruise line Tuesday revealed the first details about features coming to the massive vessel.

The 20-deck sister ship to Icon of the Seas, that debuted out of PortMiami this year, will come in incrementally larger than Icon’s 248,663 gross tons, according to cruise line officials. That puts both ships in the new Icon class about 15,000 more gross tons than the Oasis-class vessels that held the world’s largest cruise ship title before Icon’s debut.

“Star of the Seas is the second bold act of this exciting, new era of vacations first introduced with Icon of the Seas, and it’s putting the world’s best vacation on the map at yet another top travel destination,” Royal Caribbean International President and CEO Michael Bayley said in a press release.

Still under construction at the Meyer Turku shipyard in Turku, Finland, the vessel will have a 5,610-passenger capacity based on double occupancy, but will approach 8,000 passengers plus 2,350 crew at full capacity. read more

Buying a house in 2024: What’s changed?

Buying a house in 2024: What’s changed?

By Abby Badach Doyle | NerdWallet

At the risk of jinxing it, things are looking up for home buyers.

The average rate on a 30-year fixed rate mortgage has dropped for three consecutive months (and counting). Competition has calmed down a bit — and inflation has, too. And while we’re still technically in a sellers’ market, the inventory of homes for sale in June reached its highest level in more than four years.

Hoping to buy in 2024? If you’re well prepared with a budget and a mortgage preapproval, you might not even need to knock on wood. Let’s look at the good news, the challenges and the wild cards that remain for home buyers this year.

Good news: Mortgage rates drop to a one-year low

Finally, some relief: In the week ending Aug. 15, 30-year mortgage rates dropped to an average 6.28%, their lowest weekly average since February 2023. That’s welcome news for shoppers who have felt burned by high rates — or maybe even put their house hunt on ice until the cost of borrowing cooled down.

Over the past two years, buyers have been at the mercy of mortgage rates’ meteoric rise, holding on as the average 30-year fixed rate climbed from 3% to nearly 7% in 2022. In October 2023, rates topped 8% for the first time since 2000 — a surprise even many top economists didn’t predict. Higher interest rates make it more expensive to get a mortgage. read more

Disney drops bid to have allergy-death lawsuit tossed because plaintiff signed up for Disney+

Disney drops bid to have allergy-death lawsuit tossed because plaintiff signed up for Disney+

By PHILIP MARCELO

NEW YORK (AP) — Disney is no longer asking a Florida court to dismiss a wrongful death lawsuit on the grounds that the victim’s family had signed up for its streaming service Disney+.

The company filed a notice in Orange County court on Tuesday to withdraw the motion, which had drawn swift backlash when it became public.

Josh D’Amaro, chairperson of Disney’s theme park division, said in a statement emailed earlier to The Associated Press that the entertainment giant will waive its arbitration rights and allow the suit, brought by the husband of a New York doctor who suffered a fatal allergic reaction after eating at a restaurant in Disney Springs, to proceed in court.

“At Disney, we strive to put humanity above all other considerations,” he said in the Monday night statement. “With such unique circumstances as the ones in this case, we believe this situation warrants a sensitive approach to expedite a resolution for the family who have experienced such a painful loss.” read more