The bottom line
A U.S. home sold in April was listed on average for just 64 days, the fastest turnaround since the housing crash, according to Trulia. Back in April 2010, houses languished on average for 137 days. The fastest cities for sales were Seattle, San Jose, and San Francisco—where homes averaged 36 days on the market. The longest was Syracuse, N.Y., with 144 days.
Advertisers spent an estimated $313.9 million on podcast ads in 2017, an increase of 86 percent from the previous year. Despite the jump, the total is still a tiny fraction of what marketers spend on other media: about $69.9 billion on TV ads in the U.S. this year and about $107 billion on digital ads.
The Wall Street Journal
The Consumer Price Index, which tracks what Americans pay for goods such as produce and gasoline and services like haircuts, rose 2.8 percent in May from a year earlier—the biggest annual gain since 2012.
If President Trump implements a 25 percent tariff on imported vehicles, it could cost the U.S. auto industry 1 million annual vehicle sales, according to LMC Automotive, a market-intelligence firm. If automakers pass the full 25 percent cost on to consumers, it could eliminate about 2 million sales.
People will spend more time online next year than watching TV, for the first time, according to data measurement firm Zenith. In 2019, people are expected to spend an average of 170.6 minutes each day reading news websites, watching videos, and shopping e-commerce sites. They’ll spend slightly less time—170.3 minutes—parked in front of the TV.
When pizza mends potholes
There’s no obvious connection between potholes and pizzas, said Susan Selasky in the Detroit Free Press. That matters little to Domino’s, the Michigan-based pizza giant, which this week launched “Paving for Pizza,” a civic-minded program with the aim of ensuring customers—and their pies—have a spill-free ride home. “Cracks, bumps, potholes, and other road conditions can put good pizzas at risk after they leave the store,” Domino’s said in a news release. So over the next 12 weeks, visitors to the Paving for Pizza website can nominate their town to receive a grant for pothole repairs performed by a Domino’s team. The company has already worked with four municipalities on dozens of repairs: Bartonville, Texas; Milford, Del.; Athens, Ga.; and Burbank, Calif. We “care too much about customers and pizza” to allow potholes to ruin dinner, said Domino’s U.S. president Russell Weiner.