More federal dollars will be used to update Richmond's infrastructure. Richmond officials announced yesterday the US Department of Transportation has awarded the city almost 40 million dollars. The money will be used for 50 miles of new natural gas pipes. The city expects the new pipes will significantly reduce methane pollution emissions. Mayor Levar Stoney says investments like this show a collective commitment to the safety and well-being of our communities.
Baby boomers who are renting feel buying a home is a bad bet right now. A Bank of America Homebuyer Insights Report shows, of the group surveyed, 83-percent said they value the freedom and ability to move when and where they want that's made possible when they rent. About 80-percent of renters, age 57 to 75, say doing so is better than buying a home in the current environment, up from 63-percent a year ago. Nearly all of that cohort also said they appreciate not having to deal with property maintenance and repair work.