Wednesday’s business headlines
INDIANAPOLIS (WISH) – Here’s a look at Wednesday’s business headlines.
Home sales
U.S. home prices are rising at the fastest pace in 15 years, reflecting how fiercely buyers are competing for a limited supply of homes in nearly every corner of the country.
The median prices for homes sold in the 16-county area in February rose 18.9%, to $223,500, compared with $188,500 in February 2020, according to the the latest data from Mibor Realtor Association.
Record low interest rates and millennial buying have helped boost sales.
Pfizer
Pfizer will begin testing a COVID-19 vaccine that does not need ultracold storage.
A freeze-dried version would make handling the shots easier in rural areas and low-income countries.
If successful, the new formulation could be ready for use by early next year.
Apple
Apple announced on Tuesday that its annual developers conference will begin June 7.
Like last year, it’ll be online-only due to the ongoing COVID-19 pandemic.
WWDC, as the event is known, is where Apple typically unveils its new iPhone, iPad, Apple Watch, Apple TV and Mac software.
Chewy
More Americans are buying pet food and merchandise online.
Chewy, the online seller of pet food and supplies, saw net sales top $2 billion for the first time, climbing nearly 51% from a year ago.
It also added millions of new customers as pet adoption soared during the pandemic.