Comment on Housing market’s lock-in effect is so intense that existing home sales are at multi-decade lows 

WASHINGTON— The Federal Aviation Administration said Friday it will open a three-month review of Boeing’s compliance with safety regulations, continuing the agency’s closer oversightof the company since a panel blew off a jetliner during an Alaska Airlines flight in January. [time-brightcove not-tgx=”true”] The FAA said its review will examine key areas of safety processes at Boeing to make sure that they “result in timely, accurate safety-related information for FAA use.” An FAA spokesperson said the review was not triggered by any particular event or concern but rather is part of the FAA’s oversight of safety culture at the huge aircraft maker. Boeing did not comment immediately on the new review. FAA Administrator Mike Whitaker has ordered special audits of Boeing and other steps to examine the safety culture at Boeing since a panel called a door plug blew off a 737 Max during the Alaska Airlines flight. However, the inspector general of the Transportation Department, FAA’s parent agency, said last week that weaknesses in FAA oversight are limiting its ability to find and fix problems at Boeing. The auditor said FAA has failed to ensure that Boeing and its suppliers make parts that meet engineering and design requirements and to investigate claims that Boeing puts improper pressure on employees who are authorized to conduct safety inspections.

‘Locked-in borrowers will limit the market’s expansion for now,’ writes Jim Egan, Morgan Stanley’s head of housing market research. Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter.

A “beautiful aspen tree” has been planted on a triangular piece of land in downtown Denver, Mayor Mike Johnston said during a ribbon-cutting ceremony at the new Populus Hotel. The hotel opened to customers Tuesday, but the event Thursday marked the official opening of doors to the community. The hotel’s exterior was inspired by Colorado’s signature quaking aspens.

The Glenmoor Country Club has informed the state that it will lay off 110 of its 150 workers starting in the middle of December, according to a Worker Adjustment and Retraining Notification filing made with the Colorado Department of Labor. The cuts aren’t a result of declining memberships or financial troubles but are linked to a $35 million renovation of the clubhouse that members approved last fall, said Monica Mueller, director of human resources at the club, which is at 110 Glenmoor Drive in Cherry Hills Village. The club won’t provide restaurant or catering services and its fitness facility will close for 18 months, necessitating the layoffs. “We will maintain our golf course and we will maintain administrative staff,” Mueller said.

About a year ago, a coyote snuck into a chicken coop at Meredith Morris’ Seattle home and treated itself to a feathery dinner. Unsure how to break news of the fowl fatality to her children, Morris turned to artificial intelligence to find the right words. Morris, the director and principal scientist for human-AI interaction research at Google, took some creative liberties in prompting a generative AI program to eulogize her chicken.

Orchard Road in Greenwood Village is turning into Foreclosure Lane. The four-story, 146,000-square-foot office building at 7800 E. Orchard Road entered foreclosure this month, following on the heels of the two structures to the west. The building, known as Orchard Falls, is owned by an affiliate of Denver-based Toma West, which bought it in April 2014 for $25.8 million, or $176 a square foot, according to public records. Toma West also owns the 700 17th St.