The Week Ahead: Watching Affordability and Growth

first_img Affordability Home Prices Sales 2019-05-24 Seth Welborn Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily On Tuesday, the latest S&P CoreLogic Case-Shiller Home Price Index will reveal home price changes for March. February’s data saw that home prices in the U.S. grew by just 4.3%.February’s Case-Shiller index saw the 11th-consecutive month of slowing home-price growth, which is now at its lowest levels since 2012. Home prices in the U.S. grew by just 4.3% in February 2019.The report states that prices for the top 10 metropolitan areas increased 2.6%, which is down from January’s 3.1% increase. The top 20 markets also posted a gain of 3% year-over-year, down 3.5% in January.“Slowing U.S. home price growth has primarily been driven by affordability constraints in a few of our largest, most expensive housing markets,” said Ralph B. McLaughlin, Deputy Chief Economist and Executive of Research and Insights for CoreLogic. “While we’re not in a buyer’s market yet, several Pacific Coast markets are on the cusp of seeing the first annual declines in home prices since 2012.”“In places like San Diego, San Francisco, and Los Angeles,” McLaughlin continued, “the proverbial chickens will be coming home to roost this spring because they haven’t been able to find a decently affordable coop.”The Case-Shiller report stated that 19 of the top 20 markets reported lower price increases compared to the previous month, with only Tampa Bay, Florida, reporting an increase of 5.4%.Las Vegas (0.7%) and Phoenix (6.7%) reported the highest year-over-year price increases. Markets with the largest setbacks were Seattle, San Francisco, and San Diego, reporting drops of 9.9 points, 8.7 points, and 6.5 points, respectively.Home prices along the West Coast have taken a hit since 2014, with home-price growth falling from nearly 25% in February of 2014 to less than 5% in 2019.Here’s what else is happening in The Week Ahead.FHFA Price House Index, Tuesday, May 28Conference Board Consumer Confidence Survey, May 28NAR Pending Homes Sales Index, Thursday, May 30 Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago About Author: Seth Welborn Tagged with: Affordability Home Prices Sales May 24, 2019 1,125 Views Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Previous: Understanding Default Risk Next: Partnership Aims to Improve Technology in Mortgage Industry Share Save Subscribecenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Market Studies, News  Print This Post The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Watching Affordability and Growth Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / The Week Ahead: Watching Affordability and Growth Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

Death toll rises to eight after flash flood sweeps away scouts in Yogyakarta

first_imgThe victims were among 257 seventh and eighth graders of Turi 1 junior high school taking part in scouting activities on Friday. The student participants went river trekking despite the weather conditions.Tarnoto, the head of Dukuh hamlet in the village, said hamlet residents had remined the scout group to cancel the river trekking on Friday because drizzling had started at the time.“The sky was full of dark clouds above the river’s upstream area. The residents were worried that it would rain in the upstream and cause a flash flood,” Tarnoto told the Post.He went on to say that Sempor River had for years been used for trekking and was known for its cleanliness.Topics : Several rescuers were also looking at a weir located near the incident. A diver searched for victims at the bottom of the river, as observed by The Jakarta Post.Read also: At least six dead after flash flood sweeps away 250 students in Yogyakarta Wahyu said the rescue operation was under way, with 853 personnel deployed to find the missing students. The operation had continued at 7 a.m. on Saturday.“The focus of the search today is from the location of the incident [in Donokerto village] to [Pondok Gajah Homestay in Sleman], with a total area of operation of 25.19 kilometers. The personnel are divided into four teams, dispatched to separate locations,” as written on the agency’s official Twitter account, @Pusdalops_diy.center_img A joint search and rescue team reported on Saturday that eight students had died during a flash flood that swept away a group of scouts trekking on the banks of the Sembor River in Donokerto village in Sleman, Yogyakarta.“Rescue team personnel have found eight bodies and are still looking for two more that are still missing,” said Yogyakarta Search and Rescue Agency (Basarnas) head Lalu Wahyu Effendi on Saturday at noon.The dead and missing students are all girls aged 12 to 15 years old. Meanwhile, 23 students were injured during the incident.last_img read more

11 days agoWolves captain Coady: Strange playing against Liverpool

first_imgWolves captain Coady: Strange playing against Liverpoolby Paul Vegas11 days agoSend to a friendShare the loveWolves captain Conor Coady admits it still feels strange playing against Liverpool.The centre-back spent 15 years at Anfield before joining Huddersfield Town in 2015.”It’s a weird feeling, when I play against them I want to win more than ever. I don’t know why that is. I just do,” said Coady.Asked about the Reds’ chances this season, Coady added: “I know it’s early doors, but I think with Liverpool this year they don’t seem to be panicking.”People are talking about them conceding and not keeping clean sheets but when they do they think it’s okay cause we can score another. City seemed like that last year.”With Liverpool, they missed out on the Champions League the year before and then they kick on again because the manager is that good.”I don’t want to speak too soon but they look to be going [up] again which is so good to see for them.” About the authorPaul VegasShare the loveHave your saylast_img read more

Canadians in Silicon Valley reflect on US gun culture in wake of

first_imgWhen Ron Piovesan moved from Toronto to the United States for work in 2001 he never considered the country’s gun culture as a reason to stay home.It was only after he had kids that the relentless headlines about gun violence — like the recent school shooting in Parkland, Fla., that left 17 students dead and this week’s incident at YouTube’s headquarters in San Bruno, Calif. — really started to weigh on him.“These things add up, and I don’t know what the tipping point is, but you get to a point where you think, ‘I don’t want my kids to be scared anymore,’” says the father of two, choking up as he describes how his children have experienced frightening lockdown drills at their elementary school.“It hits you in a much deeper place and a much more profound place when you have kids who are actually in school — and then that problem becomes a lot more real to you.”Still, the 46-year-old tech executive isn’t planning to uproot his family and return to Canada.“For the moment, I’m choosing to stay and try to make a difference in my community,” says Piovesan, who led a successful campaign last year to stop a gun store from opening in San Carlos, Calif., where he lives.It’s a sentiment shared by attorney Dawn Robertson, who moved with her family to San Francisco just over four years ago when her husband Mike Beltzner was hired to work for Pinterest and more recently Facebook.They have not considered moving back to where they previously lived in Toronto, but have become increasingly distressed by the prevalence of shootings in the U.S.“It’s one of those things that even when it happens you still feel like it can’t happen to you,” says Robertson, 41. “But I think certainly since Parkland and most recently with YouTube being close to us, we’re increasingly concerned — as people who can’t vote here — that we’ve got a major public safety issue living here that is suddenly certainly a concern for us and for our children.“It does weigh quite heavily on us. It’s not enough to make us turn around and move but certainly it’s something that does give us pause.”Zoe Kevork, an immigration lawyer and co-president of the Southern California chapter of Canadians Abroad, says gun culture is something that’s frequently overlooked when Canadians consider a move south.“People do think of us as being so similar … we’re right across the border, we watch all the same television, we have so many things in common culturally,” says Kevork.“But you really start to realize there are some significant cultural differences which you probably didn’t expect when you made the move down here.”Kevork, who has lived in the U.S. for 14 years, says she’s still shocked when a mass shooting makes the news, but finds Americans are no longer as shaken as they once were.“I’m happy I still get shocked by it because they’re so acclimatized to it here, it’s just a part of life. The ability to be shocked I think is what makes us Canadian right now,” she says.“We’re a lot more attuned these days to the things that differentiate us as Canadians, whether that’s the gun culture, whether that’s our treatment of refugees or treatment of immigrants generally.”Piovesan says he wouldn’t be surprised if some of the Canadians taking advantage of the great opportunities in Silicon Valley and elsewhere in the U.S., do start to reconsider their options at home.“I do think where a lot of people thought, ‘Oh I’m never going to move back,’ I do think as things appear to get progressively worse in the United States there will be a tipping point for many people where people think it’s not worth it anymore.”last_img read more

BC announces agreement with legal aid lawyers

first_imgVICTORIA, B.C. – A one-time grant of $7.9 million to support the development of a new framework for legal aid funding was announced by the Province and the Legal Services Society (LSS).$4 million from the government and $3.9 million from LSS will be used to increase payments to legal aid lawyers from April 28, 2019, until Oct. 31, 2019. To ensure lawyers continue to provide legal aid services to those most in need, while the government, LSS and the Association of Legal Aid Lawyers (ALL) negotiate an agreement for long-term, sustainable legal aid funding.“We recognize there is work to be done to improve the legal aid system both for British Columbians and the counsel that represent them in court,” said David Eby, Attorney General. “Legal aid lawyers provide services to some of the most vulnerable members of the province, and we will continue to work with LSS to address the historical underfunding of legal aid.” The foundation will receive the grant and work with government, LSS and ALL to allocate the funding. The Law Foundation of BC is a non-profit foundation with a mandate to fund legal aid and other law-related initiatives.The ALL negotiating team has issued this statement: “We appreciate the recognition by government of the important work our members do for vulnerable British Columbians and look forward to negotiations that will provide a solution to a very much neglected legal aid system.”According to the government, LSS and ALL have also committed to designing a long-term legal aid negotiation framework, paving the way for a smoother negotiating process in the future.This grant is in addition to the $26 million over three years (2018-19 through 2020-21) in increased funding to LSS already announced by the government to support the provision of criminal, family and civil legal aid services shared the government.last_img read more

Spicejet to add 5 more 90-seater Bombardier Q400s to its fleet

first_imgMumbai: Budget carrier SpiceJet Tuesday said it plans to expand its regional jet fleet to 32 aircraft by adding five more 90-seater Bombardier Q400s. The move is aimed at augmenting capacity in the domestic markets especially on regional routes, following the near collapse of Jet Airways, which has resulted in massive surge in air fares besides mismatch in demand and supply amid peak travel season. Three of these planes will join the fleet in the next ten days while the remaining two will be inducted by June, SpiceJet said in a statement. Also Read – Thermal coal import may surpass 200 MT this fiscalThe Gurugram-based no-frills carrier had last week announced dry leasing of 16 Boeing 737-800 NG for the carrier. “As part of our efforts to augment capacity and minimise passenger inconvenience, SpiceJet will induct five more Q400s in addition to the 16 B737s we announced last week,” SpiceJet chairman and managing director Ajay Singh said. The sudden reduction of aviation capacity should in no way hamper air connectivity to the smaller towns and cities of India and as the country’s largest regional operator, SpiceJet will make all possible efforts in this direction, Singh said. Also Read – Food grain output seen at 140.57 mt in current fiscal on monsoon boostThe 90-seater variant is part of SpiceJet’s second purchase order for up to 50 Q400 turboprops placed in September 2017 worth USD 1.7 billion. Spicejet has already inducted five planes as part of this order. It also operates a 78-seater variant of the same aircraft. SpiceJet operates 516 average daily flights to 60 destinations, including 51 domestic and 9 international ones. The airline has a fleet of 48 Boeing 737, 27 Bombardier Q-400s and one B737 freighter.last_img read more

Amazon accused of violating kids’ privacy with Alexa

first_imgNew York: US Senators and a group of 19 consumer and public health advocates have accused Amazon for recording and saving conversations that take place around its smart speakers, urging the Federal Trade Commission (FTC) to investigate into the case. The complaint alleges Amazon’s Echo Dot Kids Edition smart speaker of being in violation of the Children’s Online Privacy Protection Act (COPPA), CNN reported late on Thursday. Launched last year, the device features a kid-friendly version of Alexa which plays music, reads stories and answers questions to kids. Also Read – Swiggy now in 500 Indian cities, targets 100 more this year As part of the complaint, Senators Edward J. Markey, Richard Blumenthal, Dick Durbin and Josh Hawley claim that “Amazon does not comply with COPPA’s requirement of parental consent and does not allow parents to adequately delete their children’s information from the device”. Children welfare organisations like the Campaign for a Commercial-Free Childhood and the Centre for Digital Democracy have also asked the FTC to look into the matter. Also Read – New HP Pavilion x360 notebook with in-built Alexa in IndiaReacting to the allegations, the e-commerce giant said it not only worked closely with organisations like the Family Online Safety Institute (FOSI) while developing Echo Dot Kids Edition but also followed industry’s best practices for securing verifiable parental consent. “Specific to Echo Dot Kids Edition and FreeTime on Alexa, we want you to know that Kid skills in Amazon FreeTime do not collect personal information and we require verifiable parental consent from all customers before enabling FreeTime on Alexa,” the company wrote in a blog post. Launched seven years ago, Amazon FreeTime service helps parents manage the ways their kids interact with technology, including limiting screen time. The post also highlighted that the company allows parents to review and delete any voice recordings at any time in the Alexa App or on the company website. “We provide access to our Children’s Privacy Disclosure where parents can visit at any time in the Alexa App or on our website. Children’s privacy is important to Amazon,” the post noted. There has been no official statement from FTC on the subject as yet. In May 2018, Senetor Markey and then-Congressman Joe Barton sent a letter to Amazon CEO Jeff Bezos with questions about the product asking whether or not Amazon maintains data profile of each child and how long their recordings and information are kept.last_img read more

In case you missed it

Cleveland Cavaliers forward LeBron James earned his second-consecutive league MVP award Sunday, one night after his 35 points led the Cavs to a 101-93 victory over the Boston Celtics in the first game of their Eastern Conference semifinals series. James, who has a bone bruise and strain in his right elbow, took home 116 of the 123 possible first-place votes.Tiger Woods missed the cut at the Quail Hollow Championship, just the sixth time in his PGA Tour career that he failed to reach weekend play. Woods shot a 7-over 79 during the second round on Friday after firing a 74 in Thursday’s opening round. The 79 marked Woods’ second-worst round as a professional, as he missed the cut by eight strokes.Floyd Mayweather topped “Sugar” Shane Mosley in a unanimous 12-round decision Saturday night. Each of the three ringside judges had Mayweather winning every round after the second, when Mosley nearly knocked Mayweather to the ground. Two of the judges scored the fight 119-109 in favor of Mayweather, who remained undefeated in 41 fights. The third judge scored it 118-110. read more

Opinion Exclusion of Landon Donovan puts Jurgen Klinsmann on the hot seat

US men’s soccer coach Jurgen Klinsmann waves to the fans after a game against Mexico Sept. 10 at Crew Stadium. The US won, 2-0.Credit: Shelby Lum / Photo editorThe United States Men’s National Team’s all-time leading scorer won’t be playing at the 2014 FIFA World Cup, but the story isn’t about Landon Donovan.The story is about USMNT coach Jurgen Klinsmann after he decided to leave the 32-year-old forward off his 23-man roster for Rio de Janeiro.By leaving him at home, Klinsmann has placed himself firmly on the hot seat – especially in the eyes of American fans.Donovan is not the player he used to be, nobody can argue with that, but he is still more than just a shell of his former self. While he may not have the same pace and goal scoring ability as he had in the past, Donovan has played in three World Cups and could bring much needed leadership and poise to a young squad.The facts are simple; Donovan wasn’t one of the best 23 in Klinsmann’s eyes, and the coach better hope he’s right. The U.S. is set to take on a tough group that many are dubbing the “group of death.” Germany is a talented and deep team, Portugal boasts Cristiano Ronaldo among other stars and Ghana has always had the USMNT’s number.Before releasing his roster, nobody would have blamed Klinsmann if his team didn’t make it out of the group stage. Now, after making the most polarizing decision possible – save cutting captain Clint Dempsey or Everton goalie Tim Howard – the former Germany boss has increased the pressure on himself to astronomic levels.Even though Donovan was not going to be a starter for every game, there is nobody who would have been upset to see him on the team. With Donovan at home, fans have a reason to hate Klinsmann for the first time since he took over the squad in 2011.Overall Klinsmann has been wildly successful as the U.S. coach. He led the team to a 12-game winning streak – an all-time best for the USMNT. The U.S. qualified for the World Cup in spectacular fashion and boasts possibly its most talented roster of all time.Yet nobody will be talking about young stars such as Bayern Munich’s Julian Green or AZ Alkmaar striker Aron Jóhannsson. The chatter won’t even be about Dempsey, Howard or Sunderland’s Jozy Altidore. By excluding Donovan, Klinsmann took all the spotlight away from the players who will be in Brazil and put it firmly on the one who won’t.This is a make-or-break tournament for the U.S. If the team can make it out of the group stage, the talent is validated. If they don’t – especially without Donovan – it will be a failure, no matter how unfair that may be considering the draw.Regardless of Klinsmann’s contract extension that is set to keep him with the team until 2018, if this 23-man squad doesn’t deliver, he will be in a pile of trouble with the fans and, quite possibly, his bosses.Donovan’s exclusion is now an excuse to band together against the coach, while his inclusion would have had absolutely no negative implications.Klinsmann claims the players he chose are just ahead of Donovan’s current ability, but I can’t imagine 31-year-old forward Chris Wondolowski – he of just 19 international appearances – will do any better than Donovan could.I certainly hope the coach ends up looking like a genius by making it out of the group, and he should be hoping the same.By ditching Donovan, Klinsmann has placed the target firmly on his own back. read more

Ohio State womens hockey coaches Nate Handrahan Keith Maurice resign

Former OSU women’s hockey coach Nate Handrahan.Credit: Lantern TVAfter just four seasons, Ohio State women’s hockey coach Nate Handrahan and one of his assistants has resigned.An OSU spokesman confirmed the resignation in an email to The Lantern Wednesday afternoon, as well as the resignation of Keith Maurice, who joined the program in May 2013.The spokesman did not provide a reason for the resignations.The OSU women’s hockey team went 67-64-15 in four seasons under Handrahan, including a 17-16-3 mark this season.In the 2012-2013 season, the Buckeyes posted a 19-win season, the second most in team history.Handrahan was just the second head coach in the 15-year history of the program. read more