Monday’s business headlines – WISH-TV | Indianapolis News | Indiana weather

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  Monday's business headlines - WISH-TV |  Indianapolis News |  Indiana weather

INDIANAPOLIS (WISH) – Here’s a look at the headlines on Monday.

Home sales

Property prices, which are already going through the roof, are expected to continue to rise.

A national housing shortage shows no signs of easing and the cycle is not expected to end anytime soon.

The median price of existing homes rose 19% year over year to $ 341,600 in April, according to the National Association of Realtors.

Meanwhile, RedFin reports that half of the homes are selling above list price.

wage

Companies offer higher wages as they struggle with a labor shortage.

Under Armor announced this week that it is raising the minimum wage after other companies like McDonald’s Chipotle and Bank of America.

It has been at least 25 years since US companies were willing to raise workers’ wages. While this won’t affect the bottom line right away, it could weigh on profits in the future.

Over

Both Lyft and Uber will team up with the White House to offer free trips to COVID-19 vaccination centers starting Monday.

Lyft offers a “drive code” that covers up to $ 15 for each trip to and from a vaccination site. The offer includes day trips with bicycles and scooters as well as cars. Uber didn’t provide any additional details about its plans.

Restaurants

Americans are returning to restaurants, bars, and other eateries as COVID-19 restrictions drop and additional strain on food supply chains.

Traders have difficulty finding workers and transportation costs are increasing.

Demand has also changed.

Restaurants that stayed open during the pandemic reduced their menus and switched from fresh ingredients to salad bars and buffets.