Money

Axios - Housing in major U.S. cities is as expensive as it's ever been, Axios Markets co-author Emily Peck writes from new data that tracks home prices in 20 metro areas.That index hit a new high in December when a modest and temporary drop in interest rates coaxed more buyers into the market. It was the seventh straight month of increases.  If rates do come down later this year, there's clearly a reservoir of pent-up demand that will keep prices high.

Bloomberg -  Apple is said to be canceling a decade-long bid to build an electric car, abandoning one of the most ambitious forays in the history of the company. Apple made the disclosure internally Tuesday, surprising the nearly 2,000 employees working on it. The decision to ultimately wind down the initiative is a bombshell, ending a multibillion-dollar effort called Project Titan that would have vaulted Apple into a whole new industry. The tech giant started working on a car around 2014, setting its sights on a fully autonomous electric vehicle with a limousine-like interior and voice-guided navigation. But now its all over.