riverside, california, 48%. we see 30% plus in vegas, new orleans, richmond, phoenix another hot one. the problem is they can see rates are at record lows and at the same time, demand is stronger because some would-be home buyers have been priced out of that hot housing market. all of this is adding to really high inflation. as we know, the fed is trying to cool off inflation by raising interest rates, perhaps rapidly, but that is setting off shock waves in the housing market. we ve seen the mortgage rate, as mentioned, hit 5% for the first time in a dozen years. the speed that s gotten there has been pretty incredible as you see on the chart and that s a big deal because housing is the most intersensitive part of the entire economy. let me show you in practical terms what that means. say you want to buy a home for $220,000. it s $300 today than a year ago because the cost of borrowing is
the world just seems like a better place every time we re onstage. i mean it s happy. like you look at people s faces. they re smiling. they re dancing along. not everyone knows dances anymore, but they know your dances. what s it luike for you? it was a great feeling. this was our first new year s in vegas, so it felt spectacular. there s some new blood in the village people. but the feeling is still all the same. tell me about it. i m trying to get to all of you. it s great. i mean it s nice. it s fun. having a great time. and the choreography, you guys are into that part? oh, yeah. it s fun. absolutely. got to get the body movin and groovin . you make sure everybody knows how to do ymca. that s a key part of the lesson because the c goes to the left if i got it right, right? y-m-c-a. no matter where you are, the c
here, i m going to survive, and you all ain t going to bug me anymore back home. anthony: in vegas, there s winners and losers, and god knows, i ve been both. in a place like this where you can lose your shirt on the unlucky turn of a card, you need a friend. and for my sins, i got ruhlman. currently evading prosecution in just about every jurisdiction from his hometown cleveland to grand forks, wanted for bail
and we re all just crying in it, right. her fourth studio album shot up the charts paving the way for her new residency performing in vegas. i m struck by oh, my god what a voice she has. it was a very good year for music. new orleans own john battiste danced to the front of the grammy nominees while the best song of the summer could have gone to olivia rodrigo. or ed sheeran and his bad habits. i do like ed sheeran. but we ll give that honor to doja cat s kiss me more.
should actually just go with the opposite. and then 60% of the time we will be right. that s good. that in vegas, man, you could make a lot of money. all right. back in a moment. at fidelity, your dedicated advisor will help you create a comprehensive wealth plan for your full financial picture. with the right balance of risk and reward. so you can enjoy more of.this. this is the planning effect. what happens when we welcome change? we can transform our workforce overnight out of convenience, or necessity. we can explore uncharted waters, and not only make new discoveries, but get there faster, with better outcomes. with app, cloud and anywhere workspace solutions, vmware helps companies navigate change meeting them where they are, and getting them where they want to be. faster. vmware. welcome change.