Ticker: Segway recalls 220,000 scooters; US home sales rose in February

Segway is recalling about 220,000 of its scooters sold across the U.S. due to a fall hazard that has resulted in user injuries ranging from bruises to broken bones.

According to a notice published by the U.S. Consumer Product Safety Commission, the folding mechanism in Segway’s Ninebot Max G30P and Max G30LP KickScooters can fail during use — causing the handlebars or stem of the scooters to fold.

That can result in serious injuries, the Commission warns. The recall notes that Segway has received 68 reports of folding mechanism failures — with 20 injuries that include abrasions, bruises, lacerations and broken bones.

Consumers in possession of these now-recalled scooters are urged to stop using them immediately and contact Segway to request a free maintenance kit.

US home sales rose in February

Sales of previously occupied U.S. homes rose in February as easing mortgage rates and more properties on the market encouraged home shoppers.

Existing home sales rose 4.2% last month from January to a seasonally adjusted annual rate of 4.26 million units, the National Association of Realtors said.

Sales fell 1.2% compared with February last year, ending a string of five straight annual increases. The latest home sales topped the 3.92 million pace economists were expecting, according to FactSet.

The national median sales price rose 3.8% in February from a year earlier to $398,400, an all-time high for the month of February. All told, the U.S. median home sales price is up 47% over the last five years.

“Home buyers are slowly entering the market,” said Lawrence Yun, NAR’s chief economist. “Mortgage rates have not changed much, but more inventory and choices are releasing pent-up housing demand.”

Leave a Reply

Your email address will not be published.

Previous post Vance’s wife and son to visit Greenland 
Next post Big budget ‘Snow White’ sleepy at open