U.S. housing prices soared in 2021

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U.S. housing prices soared in 2021
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The U.S. housing market experienced its highest one-year increase in home prices in at least 34 years in 2021. Phoenix, Tampa and Miami were the hottest markets in the country in December.

Blinken with Ukrainian Foreign Minister Dmytro Kuleba. Photo: Ina Fassbender/Pool via Getty

Secretary of State Tony Blinken announced on Tuesday that he had canceled a planned meeting on Thursday with Russian Foreign Minister Sergei Lavrov due to Russia's move into eastern Ukraine.While Blinken said he remained "committed to diplomacy," the channels through which U.S. and European officials had hoped to avert a Russian invasion of Ukraine are now closing. Blinken said it is now clear that President Vladimir Putin intended to invade all along.

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