The Housing Market’s New Normal?

first_img Tagged with: Days on the Market Home Home Prices Homebuyers Homeowners HOUSING Inventory Listing Price Reduction Realtor.com Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The housing market continued to cool down in December with properties staying on the market for a longer time, especially in the large markets and 15 percent of listings seeing price reductions, according to a report by Realtor.com.The report indicated that while inventory increased by 5 percent across the nation, it rose by 10 percent in the larger markets in December. While homes sold at a pace of 80 days in December, three days faster than December 2017, the pace at which they’re selling is decelerating. “December 2017 saw homes sell six days faster compared to the previous year,” the report said.Nineteen of the top 45 metros saw properties spend more time on the market compared to December 2017 and included real estate in the hot housing markets of San Jose, California; Seattle, Washington; and Nashville, Tennessee. Homes in these markets spent 14, 10 and six more days on the markets respectively. In comparison, properties in Birmingham, Alabama; Milwaukee, Wisconsin; and Richmond, Virginia sold at the fastest pace at 12, 11, and 10 days respectively.Even as the median listing price grew 7 percent year-over-year to $289,000 in December, it was lower than the 8 percent listing price seen in December 2017. Despite the lower pricing, listings that saw price reductions increased to 15 percent in December compared with 13 percent in 2017 as home sellers adjusted their strategies in “slowing, pricey markets with growing availability of homes for sale.”The report found that some of the largest housing markets in the nation were driving these price reductions with 38 of the 45 top metros seeing an increase in such discounts. Charlotte, North Carolina, topped the list with the share of price reductions growing by 10 percent, from 14 percent in 2017 to 24 percent in December. It was followed by San Jose that saw an increase of 10 percent, Tampa (+9 percent), Phoenix (+9 percent), and Seattle (+8 percent).The steepest declines in median listing prices were seen in San Jose and San Francisco where listing prices declined by $130,000 and $33,000.Click here to read the full report. in Daily Dose, Featured, Market Studies, News Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. Home / Daily Dose / The Housing Market’s New Normal?  Print This Post Previous: The Impact of Government Shutdown on U.S. Housing Market Next: Analyzing Mortgage Delinquency Performance About Author: Radhika Ojha Related Articles Demand Propels Home Prices Upward 2 days agocenter_img Days on the Market Home Home Prices Homebuyers Homeowners HOUSING Inventory Listing Price Reduction Realtor.com 2019-01-03 Radhika Ojha Servicers Navigate the Post-Pandemic World 2 days ago The Housing Market’s New Normal? Governmental Measures Target Expanded Access to Affordable Housing 2 days ago January 3, 2019 2,274 Views The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Subscribelast_img read more

The IDB Asks Latin America to Contribute to a “Marshall Plan” for Haiti

first_imgBy Dialogo January 25, 2010 Paris – The president of the Inter-American Development Bank (IDB), Luis Alberto Moreno, today called on Latin America and the Caribbean to participate in the launch of a “Marshall Plan” to rebuild Haiti. The Latin American and Caribbean region “can and should play a greater role” in the launch of such a Plan, Moreno said in his address to the Second International Economic Forum – Latin America and the Caribbean 2010 held today in Paris. The disaster in Haiti, “the most vulnerable nation in the region,” Moreno said, “demands an unprecedented response from the international community.” Although concern right now is focused on providing security, food, and shelter to the Haitian victims, “it’s necessary to begin thinking about rebuilding,” he insisted. For this, Haiti needs not only financial assistance, but also technical assistance, according to Moreno, who added that the IDB has already communicated to the Haitian government that 90 million dollars are available for rapid assignment to finance the most urgent rebuilding tasks. In addition, he added, “this year we expect to donate another 128 million dollars to Haiti.” For the IDB, “the enormous challenge of rebuilding Haiti is already underway,” and commitment from the countries in the region is now needed for a task that will take years. According to Moreno, what is important is that solidarity be maintained once the “heart-rending images” of the disaster have disappeared from the media.last_img read more

The next big mobile banking breakthrough: Two-way interactive video

first_imgConsider this scenario. A young couple is researching home loans. They find an attractive rate at a local institution, but they have a few questions about the application process and what documentation they need. A mortgage is big commitment, and the nature of their questions don’t really feel appropriate for email. They want to speak to a loan officer, so they get in the car and drive to the nearest branch.Unfortunately that branch doesn’t have a mortgage expert. But… there is a conference room with a video camera that connects them to a mortgage lender in a centralized location. The couple’s questions are answered via a two-way video conversation, and the institution is proud of the tech-savvy experience they’ve delivered while also reducing its overhead. On the surface, it seems like a win-win.The only problem? This young couple thinks it’s stupid.“Why couldn’t we have just done this video chat thing at home when we were on our iPad?” the husband asks. 7SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »last_img read more

Maarek’s weighty York task

first_imgMaarek must concede weight all round in the Duke of York Clipper Logistics Stakes on Wednesday. Following his Group One triumph in last year’s Prix de l’Abbaye for trainer Barry Lalor, the seven-year-old joined Evanna McCutcheon at the start of the new season and although he has twice been beaten since, the handler feels her stable star is approaching peak fitness. McCutcheon said: “He travelled over on Monday and had a jog out on the track (on Tuesday morning). He’s in good condition and we’re looking forward to it. “They’ve had a lot of rain here and the ground is going to be very soft. As long as it doesn’t get too deep and holding we’ll be happy. “He’s a lazy horse and a year older now, so he takes plenty of getting fit. He’s had his two runs and hopefully he’s nearly spot-on now, fingers crossed. I’d be very hopeful he’ll run a big race.” center_img Press Associationlast_img read more

Aubameyang brace sparks Arsenal late show

first_imgArsenal almost took an undeserved lead when Stoke goalkeeper Jack Butland produced a punch that will not have improved his chances of being England’s number one in the World Cup.It landed at Ramsey’s feet on the right of the six-yard box and the Welshman’s hook cleared the goalkeeper and bounced off the top of the crossbar.– Barren desert of mediocrity –It was to prove a shallow oasis in a desert of barren first-half mediocrity however as Arsenal continued to waste possession.Neither side made any changes in the interval but Arsenal at least began with added urgency, with Danny Welbeck lashing a chance just wide.Mohamed Elneny saw a shot blocked before Butland dived to deny Nacho Monreal.Wenger finally made a switch as the fit-again Lacazette came on for Welbeck, while Diouf, having taken a knock, was replaced by Saido Berahino.Shaquiri curled a right-footer straight at Ospina before seeing a corner deceive the keeper and bounce off the back post.Aubameyang was denied by a good block by Butland moments before the award of the game-deciding penalty in the 75th minute.Bruno Martins Indi’s clumsy trip of Mesut Ozil was needless and Aubameyang made him pay as he sent Butland the wrong way from the spot.Stoke gave Aubameyang too much space for a simple second goal in the 86th minute.And when Badou Ndiaye bundled over Lacazette in the 89th minute, the France striker was given a chance to convert the penalty instead of Aubameyang going for a hat-trick.Share on: WhatsApp London, United Kingdom | AFP | Arsenal warmed up for their crucial Europa League quarter-final with a flattering 3-0 victory against relegation-threatened Stoke on Sunday.Three goals in the final 15 minutes put a gloss on a largely soporific performance at a well-below capacity Emirates Stadium.Pierre-Emerick Aubameyang scored the first two, including a penalty opener.Substitute Alexandre Lacazette netted the third, also from the spot, after he had been fouled.Arsenal clinched back to back league wins for the first time since November.But the result left both clubs in the same positions in the Premier League table, with Arsenal sixth and Stoke second bottom.The Gunners will have to play better in the first leg against CSKA Moscow on Thursday in Europe.With little chance of finishing in the Premier League’s top four, Arsenal must win the Europa League to qualify for next season’s Champions League — a target that looks essential for under-fire Gunners boss Arsene Wenger as he fights to save his job.Jack Wilshere may have missed both England’s friendlies with the Netherlands and Italy but the Arsenal midfielder recovered from a knee niggle to claim the captain’s armband for the day, with goalkeeper Petr Cech absent and defender Laurent Koscielny on the bench.Stoke’s preparations had seen Ibrahim Afellay jettisoned by manager Paul Lambert for not trying in training, but Eric Pieters was restored to the starting line-up after being fined for going clubbing before the previous match.The game’s first chance belonged to Stoke, the team with the greater need of three points, as Mame Biram Diouf laid the ball back to Xherdan Shaqiri, who shifted the ball onto his preferred left foot and curled it inches wide of David Ospina’s right-hand post.Stoke continued to take the game to the hosts, who were giving away possession cheaply.Aaron Ramsey and Wilshere were both culpable in the first 15 minutes.last_img read more

Mallard’s Team of the Week —LVR Bombers West Kootenay Fieldhockey Champs

first_imgThe L.V. Rogers Bombers thought the road to the BC High School Girl’s Fieldhockey provincials would go through Trail.Not so say the Rockers of Castlegar. Host Stanley Humphries of Castlegar put up a huge fight, pushing the Bombers to shootout before LVR disposed of the Sunflower City squad in the final of the West Kootenay High School Girl’s Fieldhockey championships Thursday in Pass Creek Park.The Bombers now advance to the BC BC High School Girl’s Fieldhockey Championships next month in Oliver.Mallard’s Source for sports would like to add to the achievement with Team of the Week honours.The squad includes, back row, L-R, -Ava Strautman, Emma Gregorich, Naomi Perkins, Heather Potkins, Julia Burkart, Emma Borhi, Kristina Merckle, Abbie Bourchier-Willans, Hailee Gerun, Lauren Walgren, coach Val Gibson, Allie Zondervan, Sarah Wade, Noa Butterfield, Hanna Quinn, Kyra Burkart, Noelle Wang, Jena Wheeldon, Anna Goeppner, Tara Yowek, coach, Bruce Walgren, Sydney Ednie, Svenja Rennecke and Yu Takahashi.last_img read more

Leafs slide continues as Rockies rally to 5-3 KIJHL victory

first_imgDavin Burton scored the winning goal 57 seconds into the third period sparking the Columbia Valley Rockies to a 5-3 Kootenay International Junior Hockey League victory over the Nelson Leafs Friday night in Invermere.The loss was the fourth straight for the Green and White, and the fifth time in the last six games Nelson has dropped points. Nelson jumped to a 2-0 lead late in the first period on goals by Alex Meeker and Logan Wullum, the latter a shorthanded marker.But Mike Dyck, his first of two in the game, cut the lead in half with a goal before the buzzer.last_img

LATE RUNNING KOBE’S BACK MOWS ‘EM DOWN TO WIN GRADE II, $300,000 SAN CARLOS STAKES BY 1 ¼ LENGTHS WITH STEVENS AT CONTROLS; TRAINED BY EURTON, GREY FLASH GETS SEVEN FURLONGS IN 1:22.20

first_imgARCADIA, Calif. (March 12, 2016)–Last with a quarter mile to run, Kobe’s Back came rolling through the lane to take Saturday’s Grade II, $300,000 San Carlos Stakes by 1 ¼ lengths under Gary Stevens. Owned by Lee and Susan Searing’s CRK Stable and trained by Peter Eurton, favored Kobe’s Back covered the seven furlong San Carlos in 1:22.20.Saturday’s win by the 5-year-old Kentucky-bred son of Flatter followed another last to first thriller in the Grade II, six furlong Palos Verdes Stakes on Feb. 7 and thus represented his first back-to-back stakes triumph in his 18th overall start.“It’s the best he’s ever broken (from the starting gate),” said Stevens. I’ve been aboard him in a couple of workouts in the mornings before his last race and again last week, and there have been a few times that he’s wanted to go after horses in front of him and I’ve let him. What I found out is that he’s not only a great stretch runner, but he’s a good turn runner.“And that wasn’t the case last year. With a little time off and the addition of blinkers, it’s made him a lot more focused…I knew at the half mile pole that they were all in deep water and that’s a pretty good feeling.”Breaking from the far outside in a field of eight older horses, Kobe’s back was off at 2-1 and paid $6.00, $3.60 and $2.60. With the winner’s share of $180,000, he increased his earnings to $952,250.“Did you see how he came out of the gate?” said Eurton. “He broke too fresh, and that was good. He’s just good right now. He’s the best he’s been in so long. Gary hustled him a little bit and then he kind of let him fall back. He’ll probably run next at Churchill Downs on Derby Day (May 7, in the Churchill Downs Stakes at seven furlongs).”Ridden by Tyler Baze, Coastline rallied gamely for the place, finishing a half length in front of Calculator. Off at 13-1, Coastline paid $9.60 and $4.20.Calculator, with Flavien Prat up, completed the all-grey trifecta and paid $2.80 to show.Fractions on the race were 22.79, 45.16 and 1:09.84.last_img read more

SUPERSTAR CALIFORNIA CHROME SCHEDULED TO RUN IN SANTA ANITA’S GRADE I AWESOME AGAIN STAKES OCT. 1; ‘CHROME’ IN LINE FOR $1 MILLION BONUS IF HE WINS AWESOME AGAIN & BREEDERS’ CUP CLASSIC ON NOV. 5

first_imgARCADIA, Calif. (Sept. 14, 2016)–Superstar California Chrome, who at age five is North America’s all-time leading money earner, is scheduled to run in the Grade I, $300,000 Awesome Again Stakes on Saturday, Oct. 1 at Santa Anita, according to his trainer, Art Sherman. Fresh off victory in the Grade I Pacific Classic Aug. 20, the California-bred son of Lucky Pulpit has record earnings of $13,252,650 and is line for a $1 million bonus if he wins both the mile and one eighth Awesome Again and the mile and a quarter $6 million Breeders’ Cup Classic at Santa Anita on Nov. 5.“He’s come out of the Pacific Classic in great shape,” said Sherman from his Los Alamitos base. “We’ll bring him up to Santa Anita about a week before the race and let him get re-acclimated there. We did that earlier this year and it worked out real well. The million dollar bonus is very nice, but if he wasn’t ready, we wouldn’t be running. The Breeders’ Cup Classic is our major objective, no question, but he’s doing great and we expect him to run big in the Awesome Again.”Ridden in his last 17 starts by Victor Espinoza, California Chrome has won four out of seven starts at The Great Race Place–all of them stakes.“We are elated at the prospect of California Chrome running on our Breeders’ Cup Preview Day here at Santa Anita on Oct. 1,” said Joe Morris, Senior Vice President, West Coast Operations for The Stronach Group. “At this point, he has truly become a superstar in our game and we want to thank his owners, Perry Martin and Taylor Made Farm, as well as Art Sherman, for making the commitment to run here on Oct 1. This is going to be huge for our fans and for our sport.”A winner of the 2014 Santa Anita Derby, Kentucky Derby and Preakness Stakes, “Chrome” is now riding a five-game winning streak, which began with victory in Santa Anita’s Grade II San Pasqual Stakes on Jan. 9. A subsequent winner of two stakes in Dubai, including the Dubai World Cup on March 26, California Chrome was then freshened at Taylor Made Farm in Kentucky prior to winning the Grade II San Diego Handicap on July 23.The Awesome Again is one of five Breeders’ Cup “Win and You’re In” qualifying prep stakes on Oct. 1. Santa Anita will be hosting the two-day Breeders’ Cup for a record ninth time on Nov. 4 & 5. For more information on Santa Anita’s upcoming Autumn Meet, which opens on Sept. 30, please visit santaanita.com. Reserved seating for the Breeders’ Cup can be purchased by calling the Breeders’ Cup Ticket Office at (877) 849-4287 or online at [email protected]last_img read more

West Africa cable ‘online by 2011’

first_img5 May 2009The US$600-million, 14 000km West Africa Cable System linking southern and western African countries with Europe should be in service by 2011, providing high capacity international bandwidth and further reducing telecommunications costs on the continent.A consortium of leading African and foreign telecoms operators signed a construction and maintenance agreement with manufacturer Alcatel-Lucent last month to construct the 8.84-terabit-per-second, fibre-optic submarine cable and its landing points.Companies that signed the agreement include South Africa’s Broadband Infraco, MTN, Tata Communications/Neotel, Telkom and Vodacom, as well as Angola Telecom, Cable & Wireless, Telecom Namibia, Portugal Telecom, Sotelco and Togo Telecom.“The West Africa Cable System represents a significant telecommunications infrastructure investment through a joint effort of a number of African and global operators,” Vodacom Group CEO Pieter Uys said in a statement last month.The cable system would provide Africa with “faster and better connectivity to Europe and the rest of the world,” Uys said, with “ample capacity to serve the region’s international connectivity needs for many years to come.”Planned landing points for the cable include South Africa, Namibia, Angola, the Democratic Republic of the Congo (DRC), the Republic of Congo, Canary Islands, Cameroon, Nigeria, Togo, Ghana, Cote d’Ivoire, Cape Verde, Portugal and the United Kingdom.The landings in Namibia, the DRC, the Republic of Congo and Togo will provide these countries with their first connection to a global submarine cable network.SAinfo reporterWould you like to use this article in your publication or on your website? See: Using SAinfo materiallast_img read more