The Consumers vs. Home Prices

first_img The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / The Consumers vs. Home Prices The Consumers vs. Home Prices in Daily Dose, Featured, Market Studies, News July 9, 2018 1,252 Views The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago More consumers expect home prices to change, according to the latest Survey of Consumer Expectations released by the Federal Reserve Bank of New York (New York Fed). The latest survey found that while short- and medium-term inflation expectations among consumers remained unchanged, they increased 0.2 percentage points in June to 3.9 percent when it came to changes in home prices.This is “well above the 12-month trailing average of 3.3 percent,” the New York Fed said. However, the survey found that the uncertainty around home prices that had reached a 12-month high in May dipped slightly in June.The New York Fed said that median inflation expectations at both the one-year and three-year horizons remained unchanged for the third consecutive month at 3 percent. While the uncertainty over it declined at the one-year level, it increased slightly at the three-year horizon.Though households reported a growth in household income to 2.7 percent, a 0.1 percentage point rise over May, the perceived change in credit availability compared to a year ago worsened slightly in June. According to the survey, the proportion of respondents reporting easier credit access declined to 23.6 percent in June from 23.9 percent in May. However, expectations for credit availability in the year ahead improved slightly from 20.7 percent in May to 21.7 percent in June.After falling in May, median household spending growth expectation increased in June to 3.4 percent. “This reading had increased for three consecutive months at the beginning of the year before dipping in May,” the survey said.Despite the year-ahead expectations of households’ financial situations improved in June—11.8 percent respondents expected to be worse off financially, compared with 13.7 percent in May—more consumers said they were afraid of missing a minimum debt payment. The survey revealed that the average perceived probability of missing a minimum debt payment over the next three months increased for the third month in a row, to 12.4 percent from 11.7 percent in May. Share 1Save Sign up for DS News Daily Related Articles 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. Demand Propels Home Prices Upward 2 days agocenter_img consumers Credit Availability debt Home Prices Homes Households HOUSING Income New York Fed 2018-07-09 Radhika Ojha Servicers Navigate the Post-Pandemic World 2 days ago Subscribe About Author: Radhika Ojha Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Is Homeownership Living Up to Its Potential? Next: Brian Johnson Appointed Acting Deputy Director at BCFP The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: consumers Credit Availability debt Home Prices Homes Households HOUSING Income New York Fed  Print This Postlast_img read more

The Impact of Underinsurance on Delinquency

first_img CoreLogic default Delinquency Foreclosure natural disaster 2019-04-18 Seth Welborn 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. Sign up for DS News Daily  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago in Daily Dose, Featured, Foreclosure, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles April 18, 2019 2,583 Views Without proper insurance, many homeowners impacted by natural disaster may be forced into foreclosure. CoreLogic’s 2019 Insurance Coverage Adequacy Report reveals how underinsurance can leave an impact on the lending industry.According to Frank Nothaft, Chief Economist for CoreLogic, “The disruption of a family’s regular flow of income and payments, as well as substantial loss in property value, can trigger mortgage default; especially if homeowners are underinsured and cannot afford to rebuild.”The report notes how each area at high risk for natural disasters, such as Southern California and wildfires and the Northeastern Atlantic and Gulf Coast regions from Hurricane damage, as well as Tornado Alley, can be impacted by insufficient funding.California, according to the report, has seen an increase in reconstruction costs following recent wildfires, and these increases can cause significant undervaluation for the insurance industry.According to CoreLogic, the reconstruction cost exposure for very high wildfire risk in Southern California is more than $46 billion, and $240 billion of reconstruction cost exposure in very high to extreme risk of storm surge in Florida. In Oklahoma, CoreLogic research identified 1.3 million properties with $257 billion in reconstruction cost exposure at very high risk or extreme risk of CAT winds.Disruption to income from natural disasters including wildfires, tornadoes, and hurricanes can lead to mortgage defaults, and CoreLogic notes that delinquency and foreclosure spikes following a disaster.“The financial impact of underinsurance touches everyone; this is especially true after a catastrophic event where widespread property damage can cost billions of dollars,” said CoreLogic.For servicers, insurance companies, and property preservation firms looking to identify the probable damage areas to properties before a severe weather occurrence, Rose Hancock, Senior Leader, Client Delivery at CoreLogic said that technology such as hail forensics and roof age data can help in identifying properties that had the potential to get damaged during a hailstorm or tornado.At a recent DS News webinar, experts discussed areas where technology is helping property preservation companies to identify cost-effective and timely solutions to protect and preserve homes. They pointed out that the data being used in property preservation at present helped companies understand the story that each house had to tell as well as  “proactively manage anything that can go wrong.” Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribecenter_img Previous: Taking Mortgage Servicing Into the Digital Age Next: UBS Appoints Former House Committee Chair Hensarling About Author: Seth Welborn The Impact of Underinsurance on Delinquency The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / The Impact of Underinsurance on Delinquency Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: CoreLogic default Delinquency Foreclosure natural disasterlast_img read more

Where Housing Affordability Is Improving

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: How Is Debt Impacting Owning a Home? Next: Britain’s Barclays Returning to U.S. Mortgage-Backed Securities Market Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily About Author: Seth Welborn Housing affordability is a growing issue, and according to the latest National Association of Home Builders (NAHB) Home Building Geography Index (HBGI), exurbs—outlying counties of large metro areas with at least 1 million residents—were the only region that registered single-family permit growth on a year-over-year basis in Q1 2019.”The HBGI is another indicator finding that housing affordability is a root cause of soft single-family permit issuance nationwide,” said NAHB Chairman Greg Ugalde in a statement. “A shortage of buildable and affordable lots is forcing builders to increasingly look further outside of suburban and metropolitan areas to find cheaper land that provides more building opportunities.”Despite consisting of only 9% of single-family construction nationally, exurbs were the only region to show net single-family permit growth when comparing Q1 2019 data relative to Q1 2018, with a 1.6% gain. Other relatively sparsely populated areas, including small towns, rural communities, and outer suburbs of small metropolitan markets, have shown the largest annual single-family growth over the past four quarters, while other areas have shown either no change or declines.“The HBGI data is consistent with the fact that housing costs are increasing fastest in large metro suburban counties and smaller metro areas with populations under 1 million where demand for housing is high but supply constraints are tight,” said NAHB Chief Economist Robert Dietz. “Supply-side issues that are hurting affordability and raising costs for builders include excessive regulations, labor shortages, rising material costs and a dearth of buildable lots in mid- to high population centers.”Affordability is not only a problem for homeowners in many metro areas, but renters as well. According to Freddie Mac, the largest metro areas are the most rent-burdened.“Rental affordability is a significant challenge for metropolitan areas across the United States,” said Steve Guggenmos, VP of Freddie Mac Multifamily Research and Modeling. “The vast majority of the units Freddie Mac finances are affordable. Even so, our research shows that supply just hasn’t kept pace with demand in many metros, and that’s pushing affordable rents out of reach for millions of American families.” May 29, 2019 1,083 Views The Best Markets For Residential Property Investors 2 days ago 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. Home / Daily Dose / Where Housing Affordability Is Improving Tagged with: Affordability Rental SFR Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago Where Housing Affordability Is Improving Affordability Rental SFR 2019-05-29 Seth Welborn in Daily Dose, Featured, Investment, Market Studies, News Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago  Print This Post Share Save Demand Propels Home Prices Upward 2 days ago Subscribelast_img read more

Florida Suspends Foreclosures, Evictions for 45 Days

first_imgHome / Daily Dose / Florida Suspends Foreclosures, Evictions for 45 Days  Print This Post Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago 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. Gov. Ron DeSantis has suspended all foreclosures and evictions in Florida for 45 days in response to the economic fallout from the coronavirus pandemic, Pensacola News Journal reports.DeSantis announced he had signed an executive order to give people relief facing foreclosure or evictions during a press conference in Tallahassee on Thursday.”I’m not sure you’re going to rent out a lot of new places right now anyways, but nevertheless you just never know how people act,” DeSantis said. “So, given the circumstances, I think that those suspensions are warranted.”According to a report from ATTOM Data Solutions, Florida holds some of the most at-risk counties in the country which are vulnerable to the economic impact of the coronavirus.”Just thinking about the scale of this, in 2019, Florida had a total of 307,701 claims for re-employment assistance,” DeSantis adds. “In the last two weeks, we received 348,511 claims.DeSantis also addressed the employment issues in the state. According to Pensacola News Journal, Florida’s unemployment system is cracking under the pressure to process claims with people having trouble filing applications online or reaching people by phone.”From August of 2018 to February of 2020, the contact center took a total of 2.39 million calls. DEO has taken 2.1 million calls this week alone,” DeSantis said. “We’re in a situation where this system is not handling the needs of the people of Florida in an adequate way. So, we need to do more to be able to get relief for the people of Florida.”DeSantis stated that he understands the problem, and is working to expand.”I wish I could say that this is just something that’s only going last a couple of weeks, but I think that this is not something that you can just turn on and off an economy like this,” DeSantis said. “So we need to expand the capacity, but just understand that this is going to be a problem that could be with us more than just a couple of weeks.” Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Eviction Florida Foreclosure 2020-04-07 Seth Welborn Florida Suspends Foreclosures, Evictions for 45 Days April 7, 2020 1,700 Views Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Foreclosure, News Previous: Ginnie Mae Approves Facility to Aid in Servicer Liquidity Next: House Financial Services Committee Preparing Foreclosure Halt Tagged with: Eviction Florida Foreclosure Sign up for DS News Daily About Author: Seth Welborn Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribelast_img read more

Five Star Virtual Conference Honors Military, Showcases Exclusive Training

first_img Demand Propels Home Prices Upward 2 days ago  Print This Post Related Articles Five Star Virtual Conference Honors Military, Showcases Exclusive Training The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Previous: HUD Grants Almost $2 Billion for Eviction Protection Next: Consolidated Analytics Announces 118% Growth September 12, 2020 1,022 Views Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, News, Servicing Demand Propels Home Prices Upward 2 days agocenter_img About Author: David Wharton Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Five Star Conference Five Star Virtual Conference 2020-09-12 David Wharton Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Five Star Conference Five Star Virtual Conference David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years’ experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at [email protected] The Best Markets For Residential Property Investors 2 days ago The first ever Five Star Virtual Conference kicks off Monday morning, featuring a packed online lineup of panels, networking, and education. For more on the panel lineups, see our previous coverage or check out the full online agenda. Beyond the core programming, however, Five Star Conference has several other noteworthy attractions that attendees should add to their calendar.Monday morning will include a presentation entitled “Operation Homefront: Serving America’s Military Families.” Continuing an annual tradition carried over from the live version of the Five Star Conference, the Operation Homefront segment is a celebration of our nation’s military servicemembers. During the ceremony, Operation Homefront’s Brigadier Gen. John I. Pray III will be joined by representatives from Auction.com and the Veterans Financial Services Advisory Council in a virtual presentation honoring our nation’s heroes.Monday will also showcase the awarding of Five Star’s annual Lifetime Achievement Award. Five Star will honor an experienced mortgage industry professional who has made a positive impact over the course of their career and remains committed to helping build and strengthen the American system of homeownership. Last year’s recipient was Tony Ebers, COO of Mr. Cooper. Who will receive the honor this year? Five Star attendees will find out Monday afternoon, and the recipient will also be honored in the October edition of DS News.The Fifth Annual Dakota Asset Services (DAS) Network Summit will also unfold across both Monday and Tuesday’s virtual conference programming. The DAS Network Summit brings together invited members of the DAS network to gain knowledge and critical business insights from industry leaders. DAS executives will lead discussions on topics such as the state of the industry, best practices for residential agents and brokers, and network responsibilities.Stay tuned to DS News Monday and Tuesday for our full coverage of the Five Star Virtual Conference, as well as the latest industry news you’ve come to expect. Home / Daily Dose / Five Star Virtual Conference Honors Military, Showcases Exclusive Training Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribelast_img read more

Minister McHugh annoyed that breast cancer patients commitment overturned

first_img News, Sport and Obituaries on Wednesday May 26th Pinterest Previous articleYoung Strabane mother expressed concerns about broken street lightsNext articleMark English to lead Irish European Indoor team that includes Danny Mooney News Highland Facebook Help sought in search for missing 27 year old in Letterkenny Homepage BannerNews Pinterest Minister McHugh annoyed that breast cancer patients commitment overturned Facebook A Donegal Junior Minister has said he is “annoyed and angry” that a commitment he had been given regarding breast cancer services a month ago has been overturned.Last month it was announced that a locum consultant breast surgeon would be appointed at Letterekenny General.This meant that hundreds of women in the early stages of breast cancer who were due to travel to Galway for treatment wouldn’t have to.But it has been revealed today that the locum hasn’t got through the backlog, and up to 80 women will now be referred to Galway again.Minister Joe McHugh says he wants answers on why this decision was overturned:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2015/02/joemc1pm1.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Twitter Google+center_img By News Highland – February 24, 2015 Nine Til Noon Show – Listen back to Wednesday’s Programme NPHET ‘positive’ on easing restrictions – Donnelly Google+ Three factors driving Donegal housing market – Robinson WhatsApp WhatsApp Twitter 448 new cases of Covid 19 reported today RELATED ARTICLESMORE FROM AUTHORlast_img read more

36-year-old man arrested in Tyrone over murder of David Black

first_img PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal News Previous articleGovernment to introduce legislation to allow for abortionNext articleEU talks crucial to Donegal’s fishing industry underway News Highland Pinterest Twitter Man arrested on suspicion of drugs and criminal property offences in Derry Facebook Police have arrested a man over the murder of prison officer David Black.Mr Black, a 52-year-old father of two, was shot as he drove to work on the M1 in County Armagh on 1 November.Mr Black had been driving to work at Maghaberry Prison, the North’s high security jail, when he was attacked.A new dissident republican paramilitary group calling itself the IRA admitted the killing. A 36-year-old man was arrested on Tuesday in County Tyrone.He has been taken to Antrim police station for questioning about the murder.Mr Black was the first prison officer to be murdered in Northern Ireland in 20 years. Dail hears questions over design, funding and operation of Mica redress scheme 36-year-old man arrested in Tyrone over murder of David Black Twitter Pinterestcenter_img WhatsApp Facebook Google+ By News Highland – December 18, 2012 Dail to vote later on extending emergency Covid powers Google+ WhatsApp Man arrested in Derry on suspicion of drugs and criminal property offences released HSE warns of ‘widespread cancellations’ of appointments next week RELATED ARTICLESMORE FROM AUTHORlast_img read more

Pringle begins Dail attempt to call a referendum on the public ownership of water

first_imgHomepage BannerNews 365 additional cases of Covid-19 in Republic Twitter Facebook Man arrested on suspicion of drugs and criminal property offences in Derry 75 positive cases of Covid confirmed in North Twitter By admin – May 18, 2016 Previous articleJoe McMahon could feature for Tyrone at Celtic ParkNext articleDoherty questions TUSLA after children’s residential centre in Letterkenny shuts down admin Pringle begins Dail attempt to call a referendum on the public ownership of water Pinterest Gardai continue to investigate Kilmacrennan firecenter_img Google+ Facebook A Donegal Deputy has said if the right to water were enshrined in the Constitution, it would protect the resource against further privatisation.Deputy Thomas Pringle believes if his proposed legislation were accepted, it would bring about a referendum on the public ownership of water in Ireland, therefore determining the uncertain future of Irish Water.Deputy Pringle introduced his Bill on a Referendum to protect water in our Constitution last evening………….Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2016/05/pringwatermotion.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. RELATED ARTICLESMORE FROM AUTHOR Further drop in people receiving PUP in Donegal Pinterest Main Evening News, Sport and Obituaries Tuesday May 25th WhatsApp WhatsApp Google+last_img read more

Two men arrested in relation to Strabane pipe bomb

first_img Pinterest Further drop in people receiving PUP in Donegal Two men arrested in relation to Strabane pipe bomb Facebook Main Evening News, Sport and Obituaries Tuesday May 25th 365 additional cases of Covid-19 in Republic By News Highland – May 28, 2010 Man arrested on suspicion of drugs and criminal property offences in Derry Facebook WhatsApp Google+ Newscenter_img Twitter Google+ RELATED ARTICLESMORE FROM AUTHOR Previous articleMeeting to agree changes to Letterkenny and Environs Plan postponed againNext articleVRT protest taking place in Brigend this lunchtime News Highland Two men have been arrested by police investigating an explosion outside a house in Strabane, Co Tyrone.Police detained two men aged 29 and 30 following the alert in Springhill Park yesterday morning.A pipebomb was thrown at the house in the Springhill Park area of Strabane overnight. Damage was caused to the door but there were no injuries. 75 positive cases of Covid confirmed in North Pinterest Twitter WhatsApp Gardai continue to investigate Kilmacrennan firelast_img read more

Man due in court in Derry on cocaine charge

first_img Man arrested on suspicion of drugs and criminal property offences in Derry Homepage BannerNews Facebook 75 positive cases of Covid confirmed in North Man due in court in Derry on cocaine charge Google+ WhatsApp 365 additional cases of Covid-19 in Republic Further drop in people receiving PUP in Donegal Pinterest Facebook Google+center_img Pinterest WhatsApp Previous articleDisappointment in Donegal camp – after match reactionNext articlePSNI may seek extradition order after Dornan murder suspect is arrested in Donegal admin Twitter Gardai continue to investigate Kilmacrennan fire Twitter By admin – August 9, 2015 RELATED ARTICLESMORE FROM AUTHOR A 25-year-old man is expected to appear at Derry Magistrates’ Court tomorrow charged in relation to the alleged possession of cocaine.He is accused of possessing a Class A drug and aiding and abetting the possession of a Class A drug.The charges are believed to relate to a detection in the Gobnascale area of Derry on Friday evening. Main Evening News, Sport and Obituaries Tuesday May 25th last_img read more