Strong Affordability Bodes Well for 2019

first_img Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Strong Affordability Bodes Well for 2019 Home / Daily Dose / Strong Affordability Bodes Well for 2019 The Best Markets For Residential Property Investors 2 days ago Tagged with: Affordability Housing Market 2019 Interest rates Mortgage Interest Rates Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Black Knight’s September Mortgage Monitor Report revealed that it now requires 20.7% of the national median income to make monthly principal and interest payment on an average-priced home—the second lowest payment-to-income ratio in 20 months. The report says the average 30-year interest rate at 3.64% has been a key factor, and that home affordability hit a 32-month high in September. According to the report, the $1,122 in monthly P&I required to purchase an average-priced home is 10% lower than in November when interest rates closed in on 5%. Home prices, however, have risen more than 4% since that point. Affordability was at a nine-year low in November when the payment-to-income ratio increased to 23.7%, causing an extended slowdown in home price growth. Falling rates over the past few months have boosted buying power by 16% ($46,000), while not impacting the P&I payments. Black Knight found that annual home price growth was flat in August—coming in at 3.8%—after rising for the first time in 17 months in July. June’s annual home price growth rate of 3.7% was the smallest in almost seven years before trending upward. “It remains to be seen if this is merely a lull in what could be a reheating housing market, or a sign that low interest rates and stronger affordability may not be enough to muster another meaningful rise in home price growth across the U.S,” said Black Knight Data & Analytics President Ben Graboske. “That the strongest gains in—and strongest levels of—affordability were in August and early September could bode well for September/October housing numbers. As such, we’ll be keeping a close eye on the numbers coming out of the Black Knight Home Price Index over the coming months.”California now has seven of the 10 least affordable markets in the nation, while rates or near historical lows. Purchasing the average-priced home in Los Angeles requires nearly 43% of the median household income, which is more than twice the national average. Black Knight says this, though, is a sizeable decline from the nearly 71% required in 2006. Following Los Angeles was three other California markets: San Jose, San Francisco, and San Diego. Black Knight’s report found Dayton, Ohio, to be the most affordable market, as it requires just 12.6% of annual household income to afford a median-priced home. Fellow Ohio markets Akron and Youngstown were also considered among the most affordable markets.  Servicers Navigate the Post-Pandemic World 2 days ago Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. in Daily Dose, Featured, News Previous: Blend Launches One-Tap Pre-Approval Next: Fannie Mae Examines Homebuyer Sentiment About Author: Mike Albanese Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Related Articles Share Save October 7, 2019 807 Views Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe Affordability Housing Market 2019 Interest rates Mortgage Interest Rates 2019-10-07 Mike Albanese Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

American Hospital Ship to Support Philippines

first_img November 14, 2013 Back to overview,Home naval-today American Hospital Ship to Support Philippines American Hospital Ship to Support Philippines Adm. Harry B. Harris Jr., commander of the U.S. Pacific Fleet, directed the activation of the hospital ship USNS Mercy (T-AH 19) Nov. 13 to be ready to support ongoing disaster relief efforts in the Philippines in the wake of Typhoon Haiyan.Berthed in San Diego, USNS Mercy has been in a reduced operating status, which is normal for a hospital ship. Harris’ activation order accelerates Mercy’s ability to attain full operating status to include moving necessary personnel and equipment to the ship.If ordered to deploy, Mercy would get underway in the next several days and could arrive in the Philippines sometime in December, joining other U.S. Pacific Fleet units already supporting Operation Damayan.On Nov. 11 Secretary of Defense Chuck Hagel ordered the aircraft carrier USS George Washington (CVN 73) and her escort ships to depart early from a liberty port in Hong Kong and make best possible speed for the Philippines. George Washington, USS Antietam (CG 54), USS Cowpens (CG 63) and USNS Yukon (T-AO-202) will arrive off the coast of the Philippines the evening of Nov. 14 local time.U.S. Pacific Fleet ships already operating in the Western Pacific were also immediately diverted. USS Mustin (DDG 89), USS Lassen (DDG 82), USS Emory S. Land (AS 39), and USNS Bowditch (T-AGS 62) are now on station and coordinating with the Philippine government. The U.S. Navy also has P-3 maritime aircraft already supporting the disaster relief effort led by the Government of the Philippines.The amphibious ships USS Ashland (LSD 48) and USS Germantown (LSD 42) are departing Sasebo, Japan, Nov. 14 local time. After picking up Marines, equipment and relief supplies in Okinawa, the two ships will arrive at the Philippines in approximately one week. USS McCampbell (DDG 85) and USNS Charles Drew (T-AKE 10) are also heading to the Philippines.This collection of ships and their complement of aircraft, to include much-needed helicopters, will provide food and water, the capability to move relief supplies to isolated areas, and to help move the badly injured for medical care.The U.S. Navy persistently trains with numerous Pacific nations and military units, including the Armed Forces of the Philippines, to prepare for humanitarian assistance and disaster relief missions. In 2012, Mercy participated in the annual Pacific Partnership mission, which included working with Philippine authorities in the vicinity of Tacloban, the area hardest hit by Typhoon Haiyan. Because of the long-standing partnership between the two nations, the U.S., working through the Philippine government, is able to rapidly respond with critically needed capabilities and supplies in times of crisis.The role of U.S. military forces during any foreign humanitarian assistance event is to rapidly respond to host nations’ requests for support to help mitigate human suffering, prevent further loss of life and mitigate property damage. The U.S. Navy-Marine Corps team has a particularly successful history of working with international relief organizations and host nations to respond to natural disasters.Operation Damayan is part of the broader U.S. Government effort to support the Government of the Philippines’s request for humanitarian assistance. This joint team effort includes coordination by the U.S. Department of State and U.S. Agency for International Development, in constant consultation with Philippine authorities. To date, Philippine and U.S. personnel have transported more than 107,000 pounds of relief supplies.[mappress]Press Release, November 14, 2013; Image: US Navy Share this articlelast_img read more

Keble student dies on college ski trip

first_imgKeble finalist lost his way coming from from nightclub and died of hypothermiaBy Billy KenberA Keble student hasdied of hypothermia while on a college ski trip in France. Jon Hard, a 21-year-old PPE finalist became disorientated while returning from a night out on December 16th in the French ski resort of St Sorlin d’Arves. Leaving a late-night party without a coat he became lost and later collapsed from the cold. He was still alive when he was discovered the following morning but attempted resuscitation failed to save him.Jon’s father, David, told The Times what happened at the end of the ‘Rubik’s Cube’ party. “It came to an end at about 1am. He went back to the chalet and didn’t pick up his coat. He had obviously had a fair bit to drink, but he’s done it before. He didn’t have to be terribly drunk to do that. But he headed back in the wrong direction. “I’ve no idea what he was wearing. Knowing Jon, just a sweatshirt. He collapsed and cold overcame him. It was only when he didn’t turn up for skiing the next morning that he was missed.” Jon’s brother, Tim Hard, warned others of the dangers of cold weather. He said, “Speaking to some Swiss and Swedish friends, it is quite common for a very cold environment to confuse people quickly due to sheer ‘body shock’, with or without alcohol.” At the time of his death Jon Hard was on the Keble College ski trip with around 100 other students. The students had left Britain in coaches on December 14th and the ‘Rubik’s Cube’ party was intended to mark the first night of the week-long trip. After the tragedy a number of students returned home early. The ski trip committee have donated £100 from the trip’s budget to a charity fund-raising website set up in his memory. Keble is to hold a college memorial service of January 15th while many students attended Jon’s funeral at Leamington Spa on January 7th. Friends described the finalist as an “immensely popular and wellliked student at both school and university.” Dan Dimson, a fellow Keble third-year said, “This tragic accident couldn’t have happened to a nicer guy or a closer friend. Jon had many admirable qualities. To name but a few, I will remember fondly his smile, humour, caring nature, sensitivity, thoughtfulness, loyalty, compassion and his ability to listen. Jon will be missed by all, and will not be forgotten. Rest in peace.” Other students were made aware of Hard’s death in an email from the warden, Averil Cameron. Cameron wrote, “I am very sorry indeed to have to tell you of the tragic death of Jonathan Hard (3rd year PPE) while on the college ski trip. “We are all shocked and distressed by this very sad news and our thoughts and deepest sympathy are with Jon’s family and friends”, she added. John Maher, Keble JCR President, said, “Jon’s death is a tragedy that has shocked and saddened our college. He was a warm, friendly and well liked presence around Keble and will be missed. Our thoughts and prayers are with his family at this hard time.” Jon had rowed for Keble and represented the university in this year’sBritish Universities Karting Cham pionship. He was educated at Warwick School and lived with his parents in Royal Leamington Spa, Warwickshire. He had hoped to continue his studies after Oxford in the US. Friends listed his interests as including skiing, go-karting, rugby, kickboxing, fishing and gliding. A Facebook group set up in memory of Jon Hard has attracted more than 500 members. Friends called the student “One of the nicest guys I’ve ever met” while another said, “He was the kind of guy that everyone aspires to be like and was and will always be spoken highly of.” Jon’s parents have asked that anyone planning on buying flowers instead donate to his favourite charity, Mary’s Meals, which feeds children in the developing world. Those wishing to donate can do so by going to Mr and Mrs Hard have promised to match all donations, up to a maximum of £6,000.last_img read more

No Pakistan player to be part of Asia XI in Bangladesh T20s: BCCI

first_imgNew Delhi: The Bangladesh Cricket Board (BCB) is set to celebrate the birth centenary of ‘Bongobondhu’ Sheikh Mujibur Rahman, the founder of Bangladesh, by hosting two T20 matches in March between the Asia XI and the World XI. While the ICC is said to have given the games official status, looking at the current situation between India and Pakistan, one would think that it will come to either India or Pakistan players when it comes to filling the XI names in the Asia XI team sheet.Speaking to IANS, BCCI Joint Secretary Jayesh George though has made it clear that such a scenario where both India and Pakistan players play in the Asia XI wouldn’t arise because the message is that there will be no Pakistan players invited.”What we are aware of is that there will be no Pakistan players in the Asia XI. That is what the message is, so, there is no question of both countries coming together or picking one over the other. Sourav Ganguly will decide the five players who will be a part of the Asia XI,” he said.Things have gone from bad to worse in recent times with Pakistan Cricket Board (PCB) chief Ehsan Mani looking to take a dig at the Indian government and saying that the security situation in India is worse than in Pakistan and teams should ideally be happy to play in Pakistan.”We have proved Pakistan is safe, if someone isn’t coming then they should prove that it’s unsafe. At this time, India is a far greater security risk than Pakistan.”No one should now doubt security arrangements in Pakistan after successful Sri Lanka Test series. This is a turning point for revival of Test cricket in Pakistan. Media and fans played an important role in portraying positive image of Pakistan worldwide,” Mani had said.In fact, former Pakistan skipper Rashid Latif took the battle further when he dismissed BCCI President Sourav Ganguly’s idea of a 4-nation series, calling it a “flop” plan.”By playing such a series, these four countries want to isolate the other member nations, which is not good news. But I think this will be a flop idea like the Big Three model, which was introduced a few years back,” Latif said in a YouTube video.Clearly these things will be kept in mind when Ganguly does sit with his team to decide on the plan of sending players for the BCB organised matches. IANSAlso Read: Selectors’ tenure over, says BCCI chief Sourav GangulyAlso Watch: Special NIA Court sent KMSS leader Akhil Gogoi to 14 days Judicial Custodylast_img read more

Video: Luke Walton, Magic Johnson address Donald Trump comments, national anthem protests

first_img Lakers training camp roster ‘One of the guys,’ Lonzo Ball has Lakers teammates believing in him and a bright future Here’s the text of Johnson’s remarks: Lakers coach Luke Walton weighs in on athletes’ protests, and says his players are “allowed to think and say what they feel.” Lakers: 5 burning questions going into training camp center_img “We have bigger problems in our country than to worry about people who are exercising their freedom of speech. North Korea is a big problem. Job creation is a big major problem. Making sure our schools are better. I can just keep going. These are things that he should be concentrating on. We elected him to concentrate on those things. What I am disappointed at is the fact that these young men who are saying, ‘Hey, there’s problems in our community, in urban America, nobody is looking to address these issues and problems, that is what Colin is not standing up for the national anthem for, because he wanted the shooting in our communities (to stop), he wanted better books and computers in our schools. So I think that all these players are exercising their right and I think the President should really be focusing in on the issues at hand of our country and the people that live in our beautiful country and not those who are saying this is my right, this is my right to do what I am doing. And I was so proud of the owners and coaches for backing the players in the NFL and I was also proud of all of us, from Commissioner Adam Silver and all the teams that backed Golden State because it is important that we back Golden State 150 percent and the decision they made, or I guess the President made it for them. We got to move on past this and get the country heading in the right direction. Our players have been great, we had a great meeting this morning and have a meeting later on and Luke is going to do that and that’s it and it won’t take from our excitement of having training camp.”Other Lakers weighed in on the subject, too, although a team decision hasn’t been reached regarding a protest.“We haven’t talked about it yet,” said Lakers guard Kentavious Caldwell-Pope, “but as a team we’re going to discuss that situation and when we do we’re going to come up with a solution and see what we do. If my teammates are behind me and my organization is behind me I would (be comfortable protesting). As far as an individual, I do have an opinion and I think what the president is doing right now is … I don’t agree with it, but he has his own opinions as well.”Lakers General Manager Rob Pelinka said he falls on the side of freedom of speech.“I think all of us have to think long and hard about these issues,” Pelinka said. “What we stand for here is we stand for the absolute protection of the first amendment rights that the constitution gives all of us as individuals and as citizens of this great democracy. We want to create a forum here where our players can express their views and respectfully be listened to and heard. That’s a culture we want to develop here. In terms of how our players will address the issues at hand, that’s going to be a player decision.”Julius Randle said he was supportive of athletes who have spoken out against injustice.“The police brutality or whatever it is, or the issues that guys have with the president, whatever it may be, guys are using their platform to speak out for what they believe. It’s not just guys complaining in the back, they’re speaking out for what they believe in and like I said I’m always going to applaud that,” said Randle. “We’re leaders of the community, people look up to us and because of what we do we have a large platform that a lot of different people can view. … It’s definitely our responsibility to voice it and if you feel like change needs to be made we have a big platform to do so.”(Reporting by Bill Oram)Related Articles AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREUCLA alum Kenny Clark signs four-year contract extension with PackersMagic Johnson also addressed the media and talked about Trump’s comments and the response in the NBA and NFL. Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more