Morning Business Report: Spirit Airlines rescue talks, housing squeeze and major investments

The Trump administration is working on a potential financial lifeline for Spirit Airlines, according to new reports.

(LILAMAX)- Officials are in advanced talks over a possible $500 million financing package that could give the federal government partial ownership of the struggling airline, which had been facing a possible liquidation.

In the housing market, a new analysis from Realtor.com shows a shrinking supply of available land. Listings have dropped more than 23% since 2019, while the median price per acre has surged 76%, with the Northeast and Midwest seeing the steepest increases.

Despite global concerns, including tensions with Iran, stocks moved higher Wednesday as strong corporate earnings remained the primary focus for investors.

There is also some relief for homebuyers. Mortgage rates continue to fall, with the average 30-year fixed rate dropping to 6.35%. Applications to purchase homes jumped 10% last week, signaling renewed interest in the housing market.

Meanwhile, Anheuser-Busch is boosting its investment in the U.S., announcing a $600 million expansion over the next two years. The company plans to grow brewery capacity, create workforce training programs and expand veteran hiring initiatives through new training centers.