Business

Friday’s business headlines

A motorist uses a pump as they refuel their car with unleaded petrol at a filling station in central London on Nov. 20, 2017. (Daniel Leal-Olivas/AFP via Getty Images and CNN)

INDIANAPOLIS (WISH) – Here’s a look at Friday’s business headlines.

Home prices

Home prices in the U.S. soared 23%, the fastest rate on record.

The National Association of Realtors says the median price of an existing single-family home jumped to an all-time high of $357,900.

Low mortgage rates have stoked the hot U.S. housing market for more than a year.

Gas prices

GasBuddy says gas prices will start to drop in September.

AAA says the national average price of gas is sitting at a record $3.19 per gallon as of Thursday.

The GasBuddy analyst told Fox Business that he believes gas prices will be 10 to 25 cents lower by the end of the year and that will start in September.

AAA says Indiana’s current average is $3.13 a gallon.

Venom

Sony Pictures delayed the release of the big-budget sequel “Venom: Let there be Carnage.”

Instead of opening in theaters Sept. 24, the film will now debut Oct. 15. The movie, starring Tom Hardy, had already been delayed numerous times during earlier stages of the pandemic.

The 3-week delay suggests the studio believes the current surge will be brief.

Holiday packages

The United States Postal Service really wants to get your holiday packages delivered on time. So it wants to start charging more.

The postal service is requesting a temporary price increase on a variety of mail services for the peak holiday season to offset rising delivery costs. The prices increase, which range from 25 cents to $5 per package, would go into effect on Oct. 3.

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