I have replicated your site with xml import however, all the home page says is "Latest Post" and despite changing the sub-text in home page it doesn’t show. I have assigned it as a static home page and 4-column but still having the issue.
Please log in to Dashboard > Customize > Site Identity, then scroll down to find the Welcome Headline & Welcome Message sections.
If you still face there issue, you can send me username & password of your site for further checking.
Hope this helps !
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