Home Prices and the “Bifurcated Market”

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. The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago AEI Banks Borrowers home price appreciation Home Prices HOUSING Lenders mortgage nmri nonbanks 2019-02-25 Radhika Ojha Demand Propels Home Prices Upward 2 days ago  Print This Post Related Articles Tagged with: AEI Banks Borrowers home price appreciation Home Prices HOUSING Lenders mortgage nmri nonbanks About Author: Radhika Ojha Home / Daily Dose / Home Prices and the “Bifurcated Market” Data Provider Black Knight to Acquire Top of Mind 2 days ago Mortgage risk is rising even as the growth of home price appreciation continues at a different pace at the lower and higher end of the market. According to the American Enterprise Institute’s (AEI’s) Center on Housing Market and Finance.The center which released its monthly housing market indicators (HMI) for November on Monday found that mortgage risk had jumped in November with all purchase loan indices either setting or matching all-time highs. On the other hand, it found that house price appreciation remained “strongly bifurcated” with prices at the entry level appreciating at 5.3 percent on an annual basis, while prices at the higher tiers appreciated only 1.5 percent.Home Prices Splitting the MarketReiterating what the last report said, Edward Pinto, Co-director of AEI’s Center on Housing Markets and Finance said that the HMI’s preliminary January 2019 HPA index confirmed that entry-level home price appreciation was accelerating with the “rate of HPA for repeat buyers continues to slow, further evidence of a bifurcated market.”Additionally, Pinto said that the implications of leverage during a long-lasting seller’s market were that higher home prices were concentrated at the lower end of the market as well as lower-income neighborhoods where “leverage has been increasing the most.”“After a short period of slower growth at the end of 2018, house prices, especially at the lower end of the housing market, are picking up steam again,” said Tobias Peter, Senior Research Analyst at AEI’s Center on Housing Markets and Finance. “This is something we have been predicting as mortgage rates have fallen back below 4.5 percent, inventories have remained tight, and access to credit, especially for entry-level buyers, has been plentiful.”Rising Risks: A Cause for Worry?According to the latest HMI data, the trend of increasing mortgage risks was led by FHA loans with the purchase National Mortgage Risk Index (NMRI) for these loans rising 1.7 percentage points and refinance index going up by 1.8 percentage points. The composite purchase NMRI was up 0.5 percentage points from the same period last year.Looking at the government-sponsored enterprises (GSEs), the report said that Fannie Mae’s risk index continued to outpace Freddie Mac. However, the report pointed out that the risk pick-up had not “translated into any meaningful market share gains for Fannie.”One of the factors that led to rising mortgage risks was the share shift from banks to nonbanks, especially since nonbanks have a greater risk tolerance. The report revealed that “The nonbank’s agency purchase market share set a series’ high in November 2018, while the large bank market share fell to a series’ low.”However, the report noted that purchase volume for November 2018 was down 5.1 percent compared to a year ago. The drop in volume, the report indicated, could be due to greater access to credit allowing first-time buyers to offset higher mortgage rates and higher house prices “while repeat buyers with less access to credit are electing to drop out of the market in larger numbers.” Home Prices and the “Bifurcated Market” Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: First American Economist Promoted to Deputy Chief Next: Save the Proof: Mailing Pre-Foreclosure Notices The Best Markets For Residential Property Investors 2 days ago February 25, 2019 2,203 Views Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Market Studies, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Subscribe read more

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Steve Earle & Preservation Hall Jazz Band Collaborate On “T’ain’t Nobody’s Business” At Jazz Fest Late-Night [Watch]

first_imgNew Orleans favorites Preservation Hall Jazz Band hosted an intimate late-night performance at Preservation Hall during the 2019 New Orleans Jazz & Heritage Festival for one of their annual Midnight Preserves shows.While in town for a festival appearance at the Fairgrounds, Grammy-winning singer-songwriter Steve Earle stopped by PHJB’s late-night show to join the band on a cover of the traditional blues number, “T’ain’t Nobody’s Business”, which has been recorded by Bessie Smith, Billie Holiday, B.B. King, and more. With Earle on acoustic guitar and lead vocals, the ensemble marched through the blues standard in fine fashion, highlighted by Earle’s twangy, Southern swagger.Earle and Preservation Hall Jazz Band are no strangers to performing together. In 2012, Earle and the group collaborated on “T’ain’t Nobody’s Business” at the PHJB’s 50th-anniversary concert at New York’s Carnegie Hall in 2012. The collaborative performance was ultimately picked for Preservation Hall Jazz Band’s live album, St. Peter & 57th St., which was released later that year.Watch Preservation Hall Jazz Band and Steve Earle perform “T’ain’t Nobody’s Business” in New Orleans below:Preservation Hall Jazz Band w/ Steve Earle – “T’ain’t Nobody’s Business” [Pro-Shot][Video: Preservation Hall Jazz Band]Preservation Hall Jazz Band’s long-running Midnight Preserves shows have been a staple during Jazz Fest over the past 15 years, highlighted by special collaborations including Jimmy Buffet, My Morning Jacket, and Elvis Costello, and many more. Along with Earle, this year’s performances included special guests Nathaniel Rateliff & the Night Sweats and Hurray for the Riff Raff’s Alynda Segarra.[H/T Rolling Stone]last_img read more

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Conte, Mourinho at war over Eriksen transfer

first_img Loading… Antonio Conte has risked reigniting his feud with old foe Jose Mourinho over the ongoing Christian Eriksen saga. Eriksen is keen on leaving Spurs Spurs boss Mourinho has already hit out at the former Chelsea boss for speaking publically of his pursuit over the Dane. Conte wants to land Eriksen on a bargain deal this month with his current deal expiring in the summer. The Italian was recently asked for an update by reporters last week and said: “Eriksen? We have to go to people who have already had a career, who are at the end of their contracts.” But Mourinho was clearly not happy and when asked in England about the status of the transfer said: “I think Antonio has said publicly. “I think we coaches should all behave in the same way in relation to transfers. I think we should always be closed, until something happens.” And now Conte has further risked Mourinho’s wrath by accusing the ex-Man United boss of “twisting his words.” Promoted Content2020 Tattoo Trends: Here’s What You’ll See This Year7 Universities In The World Where Education Costs Too Much7 Universities Where Getting An Education Costs A Hefty Penny20 Completely Unexpected Facts About ‘The Big Bang Theory’Top 10 Iconic Personalities On TV NowBest & Worst Celebrity Endorsed Games Ever Made9 Facts You Should Know Before Getting A TattooCan Playing Too Many Video Games Hurt Your Body?6 Best Natural History Museums In The WorldThe Very Last Bitcoin Will Be Mined Around 2140. Read More6 Incredibly Strange Facts About Hurricanes5 Of The World’s Most Unique Theme Parkscenter_img Conte fumed: “I no longer talk about the transfer market. “The last time I did it, someone we all know twisted my words so I won’t say anything anymore. “I never said anything unusual about the January transfer market making it difficult for all coaches. Every time I say something, it always gets amplified or twisted.” Their feud began during the 2017-18 season when Mourinho called Conte a “clown” and said he would never be “suspended for match-fixing” in reference to the Italian’s four-month ban for failing to report alleged match rigging when manager of Juventus. Inter want to get a deal over the line, thought to be around £17million, but face competition from other European clubs. Read Also:Mourinho wants Tottenham fans to ‘respect’ Eriksen if he decides to leave The club’s CEO Giuseppe Marotta revealed: “At this point, to say that he will arrive in January or June, is a long way off because the competition is so great. “We’re in talks with Eriksen’s agent but there are many clubs interested in him.” FacebookTwitterWhatsAppEmail分享 last_img read more

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Trump defends taking FEMA funds for border security

first_imgPresident Trump defended his administration’s reallocation of funds from the Federal Emergency Management Agency (FEMA) to address the ‘immigration crisis’ at the southern border.’He faced backlash as Hurricane Dorian approached the U.S. mainland.The president said the shifted funds wouldn’t be an issue in responding to Dorian, citing the storm’s change in path farther east.“Originally this was going to be a direct hit into Miami,” Trump told reporters during an Oval Office briefing on the hurricane. “We need help at the border,” he added.Last week, the Trump administration announced it would shift $271 million from within the Department of Homeland Security, including emergency relief funds, to pay for more immigration detention beds at the southern border.Democrats have slammed the decision warning it would hinter relief efforts in the U.S.The president fired back, adding, that the government would be prepared to assist Georgia, South Carolina, and other states.He also noted that Florida appeared to avoid the worst of Dorian after the storm’s path tracked away from the mainland.“We can predict the path, but so far the predicting has been really tough with this particular hurricane,” Trump said.Hurricane Dorian was downgraded to a Category 2 storm on Tuesday and moved towards the Florida coast after coming to a standstill over the Bahamas.The Bahamas seemingly sustained the worst of the storm so far with at least five people dead.“The U.S. sent a disaster response team to the Bahamas after the hurricane hit the islands, reportedly resulting in the deaths of at least five people,” the U.S. Agency for International Development said Tuesday.last_img read more

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Steelers in race but win against suprising Browns a must

first_imgLE’VEON BELLThe Steelers struggled to get past the winless 0-5 Jacksonville Jaguars, 17-9 and now must face another poor quality team in the Cleveland Brown, 2-2, this weekend.The Steelers have played down to their competition all season, as they did with a last minute victory over the Browns in the first game of the season. The Steelers played a great first half but totally fell apart in the second half. It took a last second field goal to win the game. But that’s the kind of ball Cleveland has been playing.Led by Brian Hoyer at quarterback, this team is extremely young and unpredictable, which means nobody knows who will show up this weekend.Hoyer who was 21 of 37 for 292 and 3 touchdown passes has weapons around him but no one has consistently stepped up so far in this young season. His top receiver is Taylor Gabriel who had 4 catches for 95 yards in their 29-28 come from behind victory over the Tennessee Titans. Terrance West, 7 catches for 31 yards and Miles Austin 2 catches for 54 yards are improving as receivers. Ben Tate had an outstanding day on the ground with 123 yards on 22 carries.If the Browns can pull off the upset they could challenge for the division title with games against three very poor teams following the Steelers. They play the winless Jacksonville Jags, the winless Oakland Raiders, and the slow rising Tampa Bay Bucs. They could very easily be 6-2 before facing any real competition.The Steelers had better beat the Browns because they have the Houston Texans, Indianapolis Colts, and the Baltimore Ravens, all playoff contenders which means they could be looking at a 3-6 record if they don’t improve their play.Now 3-2,the Steelers defense looked good against the lowly Jags, but the offense looked terrible. But that was partly because Jacksonville has a good defense and a weak offense.Ben Roethlisberger was 26 of 36 for 273 yards and one touchdown. Antonio Brown only had 5 catches for 84 yards and Heath Miller had three for 46 yards. Le’Veon Bell and LeGarrette Blount looked good the few times they had the ball.  Bell had 84 yards on 15 carries, and Blount had 29 yards on just 8 carries.If the Steelers are going to compete in the AFC North against the Cincinnati Bengals 3-1 and the Baltimore Ravens 3-2, they have to pull out the victory this weekend against the Browns.The Bengals lost to the New England Patriots 43-17 and the Ravens three game winning streak was ended by the Indianapolis Colts, 20-13, keeping the Steelers very much in the race.Follow @NewPghCourier on Twitter  https://twitter.com/NewPghCourierLike us at https://www.facebook.com/pages/New-Pittsburgh-Courier/143866755628836?ref=hllast_img read more

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Donegal Rape Crisis Centre to benefit from 10% funding increase

first_imgFrontline services in Donegal combating domestic, sexual and gender-based violence are to receive funding of €253,000 to support their services this year.A 10% increase in funding will be allocated to the Donegal Sexual Abuse & Rape Crisis Centre as part of a €1.5M in extra support for services nationally this year.The Donegal Sexual Abuse & Rape Crisis Centre provides counselling, support and advice to survivors of rape and sexual abuse. The voluntary group offers free support and an outreach service to victims and their families. Minister for Children and Youth Affairs, Dr Katherine Zappone confirmed the €1.5m funding for Irish sexual violence services today to allow for a number of new initiatives.The Donegal SARCC centre is one of 16 organisations combating sexual violence to receive a 10% increase in core funding. The funding increase is also intended to support the provision of outreach workers in regions which have been identified as having a shortfall in domestic violence services.Nationally, the extra funding will allow for the roll out of a 12 week healing programme for children who have been impacted by domestic abuse which also helps parents/guardians to understand their child’s experiences and support their recovery. It will also fund an initiative to reduce the waiting times for counselling for victims of sexual violence.Evelyn Sweeney, the Fine Gael candidate in Glenties Electoral Area, welcomed the funding and said: “The Government ratified the Istanbul Convention on preventing and combating violence against women and domestic violence on March 8th which is International Women’s Day. “The Convention creates a legal framework and approach to combat violence against women and is focused on preventing domestic violence, protecting victims and prosecuting accused offenders.“I am pleased to see the Donegal Sexual Abuse & Rape Crisis Centre receive increased funding of €253,000 this year to continue its vital work. This is an increase on last year and an increase on the €168,000 funding in 2017.”Donegal Rape Crisis Centre to benefit from 10% funding increase was last modified: April 26th, 2019 by Staff WriterShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:Donegal Sexual Abuse & Rape Crisis Centrelast_img read more

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3 takeaways from the Sharks’ Game 3 victory

first_imgDENVER — The Sharks felt they had largely outplayed the Colorado Avalanche on Tuesday night before Matt Nieto redirected a pass from Samuel Girard past goalie Martin Jones to tie the game with just 8:15 left in the third period.So from their perspective, there was really no reason to lose their composure.“Same as it has been all year, that’s the positive about our team,” Sharks center Logan Couture said about the mood of the team after the Nieto goal. “Probably the best attribute we have is …last_img read more

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Great Ohio Lodges

first_imgShare Facebook Twitter Google + LinkedIn Pinterest Deer Creek Lodge and Conference Center is offering a special room rate during Farm Science Review: Single room: $79.99 and two-bedroom cabins: $129.99. Deer Creek is located 35 minutes from Farm Science Review. Call 740-869-2020 and ask for the Farm Science Review rate.FSR ad for OFB newsletter-1last_img

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Team Dedication downs Team Passion in NBTC Division II All-Star Game

first_imgMiguel Romero Polo: Bamboo technology like no other Trump tells impeachment jokes at annual turkey pardon event Crisostomo and Passion’s Harvey Sanchez both expressed their delight in playing in the All-Star game and learning from Ababou and Paul Desiderio, who called the shots for Passion.“I’m happy that he was my coach because I learned a lot from them,” said Crisostomo in Filipino.“I feel blessed because I fulfilled my dreams and my sacrifices resulted in something,” said Sanchez in Filipino. “And coach Paul is my idol.”Desiderio, who also played in the NBTC before and is now with Blackwater in the PBA, admitted that coaching was a new avenue for him and that it wasn’t as easy as it looks.“This is my first time being a coach and it was one big headache,” said Desiderio laughing. “This is where I started, and I’m happy that I got to give them advice and I reminded them that we had the same journey. I also started in the province.”ADVERTISEMENT Google Philippines names new country director MOST READ Bloomberg: US would benefit from more, not fewer, immigrants Dedication, who controlled the match for much of the second half, held an 84-76 lead midway through the fourth quarter but Passion cut that deficit to half, 90-86, after Ken Laquibla’s free throw with 2:44 remaining.Cholo Anonuevo, though, regained normalcy for Dedication with his dunk giving the boys in white a 92-86 lead and that was the spark of a 6-0 run for his team.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesSPORTSSingapore latest to raise issue on SEA Games food, logisticsLloyd Barbe’s putback capped the scoring spurt for Dedication’s 96-86 lead with 1:05 to play.“I tell them that they should improve everyday, hone their skills, listen more, keep learning, and never stop studying,” said Dedication head coach Dylan Ababou in Filipino. Trending Articles PLAY LIST 00:50Trending Articles00:59Sports venues to be ready in time for SEA Games01:27Filipino athletes get grand send-off ahead of SEA Games02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss Desiderio, who hails from Cebu, played in the NBTC in 2013. Colombia protesters vow new strike after talks hit snag SEA Games hosting troubles anger Dutertecenter_img LATEST STORIES CONTRIBUTED PHOTOMANILA, Philippines—Team Dedication showed its wares and handled Team Passion, 98-89, in the Division II All-Star Game in the 2019 NBTC National Finals Saturday at Mall of Asia Arena.Mctroi Crisostomo led the way for Dedication with 17 points and six rebounds while Jeric Palma and Michael Homo added 15 and 10 points, respectively.ADVERTISEMENT View comments Swag back: Thunder snap out of funk, overcome Raptors Private companies step in to help SEA Games hosting Sports Related Videospowered by AdSparcRead Next Wintry storm delivers US travel woes before Thanksgiving Don’t miss out on the latest news and information. For the complete collegiate sports coverage including scores, schedules and stories, visit Inquirer Varsity.last_img read more

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