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

Alfa Laval wins SEK 110 million natural gas order

first_img Image: Alfa Laval wins SEK 110 million natural gas order. Photo; courtesy of rawpixel from Pixabay. Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has won an order to supply air cooler systems to a gas processing plant in the U.S. The order has a value of approximately SEK 110 million and is booked in the Welded Heat Exchangers unit of the Energy Division, with deliveries scheduled for 2020.The order comprises Alfa Laval Niagara’s air cooler systems which will be used as part of a refrigeration system to separate the natural gas into its individual pure component streams – ethane, propane and butane.“Safety is key in all industrial processes and extremely important in the demanding applications in natural gas treatment. Our reliable air cooler systems are recognized for their safe performance which gives peace of mind to our customers in the gas industry,” says Susanne Pahlén Åklundh, President of the Energy Division. Source: Company Press Release The order comprises Alfa Laval Niagara’s air cooler systems which will be used as part of a refrigeration system to separate the natural gas into its individual pure component streams – ethane, propane and butanelast_img read more

College to promote health and wellness through second annual fair

first_imgThe completion of the Saint Mary’s Angela Athletic and Wellness Complex has provided many opportunities for students to engage with athletics, health, counseling, events and more. The second annual Student Health and Wellness Fair will take place in Angela Friday, from 10 a.m. to 2 p.m.Student volunteers and the wellness committee are hosting the event, including assistant athletic trainer Katie Knisely, director of athletics Julie Schroeder-Biek and director of health and counseling Izzy Fourman. The fair began last year with the help of the Kristine Anderson Trustey Wellness Program. Knisely said she thought this was the perfect way to kick off the creation of the wellness program.“The goal of this fair is to promote health and wellness to the students of Saint Mary’s College to help foster lifelong habits of wellness,” Knisely said.Throughout the event, there will be breakout sessions with certified speakers giving talks on CPR, general safety and how to correctly use a foam roller. There will also be over 25 vendors, clubs and organizations with informational booths for students to visit. The vendors are different from last year’s contributors.“We invited clubs and organizations from around campus that we thought embodied our five pillars — mind, body, spirit, emotional and financial,” Knisely said.The Sisters of the Holy Cross will also have a table to emphasize one of their slogans: “Sound mind in a sound body.”Erin Maloney, a senior, is assisting with the Love your Melon booth, an organization whose profits go towards fighting pediatric cancer.“I decided to get involved because it’s important to promote being healthy, and there’s so many different ways to be healthy,” she said. “The Health and Wellness Fair is a great opportunity for people to see new ideas for how they can be healthy, and I want to be a part of that.”Knisely said students are encouraged to attend the fair to learn about healthy habits, but are also incentivized by the opportunity to win prizes through drawings every 30 minutes.“The prizes include fitness equipment, such as foam rollers and yoga mats along with munch money,” she said. “Different vendors are also bringing prizes.”Students can get tickets for the drawings by visiting and talking to different booths and tables or by attending breakout sessions, Knisely said. The more sessions and tables students visit, the more tickets they can earn.Sophomore Giavanna Paradiso said she attended this event as a freshman, but this year, she is helping to work the Student Activities Board booth. Paradiso said the booth is focusing on informing students about upcoming events along with tips on how to stay healthy in college.“[Knisely] and the rest of the wellness team at Saint Mary’s College have put in so much thought and work into this event that I think it will be fantastic and beneficial for the student body,” Paradiso said. “That is why I decided to get involved.”Tags: angela athletic and wellness complex, health, Student Health and Wellness Fair, wellnesslast_img read more

Cattaraugus County Man Charged With Vehicular Assault In ATV Accident

first_imgShare:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to email this to a friend (Opens in new window) WNY News Now Image.MACHIAS – New York State Police say a Cattaraugus County man is charged with vehicular assault following an incident Sunday on Franklin Street in the Town of Machias. Police say they investigated an ATV accident with injuries to two parties. During the investigation, police say Corey J. Feldman, 39, of Freedom, allegedly operated the ATV in an intoxicated state.Feldman was released with appearance tickets for Machias Town Court where he is due to appear in August.Injuries to the other unidentified party were undisclosed by police. last_img read more

30 days: KanOkla Technology, aka Radio Shack, has items for every age

first_imgby Tracy McCue, Sumner Newscow — Whether its headphones, a home security system, or high speed Internet, KanOkla offers an incredible diverse selection of Christmas opportunities for the local shopper.KanOkla Technology Store is an authorized RadioShack dealer, located in Caldwell. It most certainly is worth the drive to get a Christmas present for anyone of any age.Technology wise, KanOkla offers traditional landline services, high speed internet, security, surveillance cameras, redline medical monitoring, marketing services, graphics design, website design, Pioneer cellular, an authorized RadioShack dealer, computer sales and services, and phone systems for businesses.KanOkla also offers networking solutions and Google Apps.  We have been around since 1951.  KanOkla started in Anthony and moved its headquarters to Caldwell  in 1991 in Sumner County.  KanOkla now serves communities is north central Oklahoma and south central Kansas.  Our wireless Internet is available in 10 counties between Oklahoma and Kansas. E-mail them at [email protected] Store hours: The KanOkla Technology Store, an authorized RadioShack dealer is open 8 a.m. to 6 p.m. Monday through Friday, headquarters 7:30 a.m. – 5:30 p.m. Monday through Friday. Contact them by calling: 620-845-5682 headquarters, 620-845-5500 Technology Store Did you know? Break ins have been on the rise lately across several communities and are likely to continue.  KanOkla Security can help by installing a monitored, customer built system to keep intruders away as well as give protection 24/7.  Also homeowners can receive a discount on their homeowners insurance with a monitored system.center_img Great stocking stuffers: RadioShack has items for every age.  Headphones, earbuds, crank emergency radios/flashlights, USB drives, mini cameras. So many to list. Where to get more information: Log onto the KanOkla website on  www.kanokla.com, www.facebook.com/KONetworks, or www.facebook.com/KoMediaTeam Christmas specials:  With Christmas comes great discounts through KanOkla’s RadioShack store.  They have weekly specials on a variety of items and electronics.last_img read more