The Housing Market in the Year Ahead

first_img The Best Markets For Residential Property Investors 2 days ago Donna Joseph is a Dallas-based writer who covers technology, HR best practices, and a mix of lifestyle topics. She is a seasoned PR professional with an extensive background in content creation and corporate communications. Joseph holds a B.A. in Sociology and M.A. in Mass Communication, both from the University of Bangalore, India. She is currently working on two books, both dealing with women-centric issues prevalent in oppressive as well as progressive societies. She can be reached at [email protected] The Best Markets For Residential Property Investors 2 days ago Affordability amazon Home Values Homeownership Median Income Mortgage Rates 2018-12-03 Donna Joseph Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago December 3, 2018 4,882 Views Zillow’s 2019 predictions indicated that rising mortgage rates and an increasing demand for rentals set the stage for the 2019 housing market, as even current homeowners start to feel locked into their mortgage rates.Despite steady rise during the past two years, mortgage rates remained lower than they were during the recession and below average, given the current level of economic growth. The report stated this trend will change in 2019 as the 30-year fixed rate mortgage reaches 5.8 percent. It also noted that affordability will take a hit, making homeownership difficult for many. Currently, rising mortgage payments outpace the home-value gains—a phenomenon that may encourage homeowners to stay put as they hold on to low mortgage rates and discourage first-time homebuyers— according to Zillow.As higher rates hinder affordability, aspiring homeowners will continue renting, as a result of which the slight drops in rent, in the recent past, will reverse and turn positive again, the report revealed. However, the continued steady investment in apartment construction will prevent rents from drastically surging above income growth. The report also noted that in the third quarter of 2018, the U.S. median rent cost 28.2 percent of the U.S. median income – considerably higher than the 25.8 percent renters paid historically.Zillow expects an increase in the disconnect between urban jobs and suburban residents to continue in 2019, and contribute to longer, more crowded commutes. This will affect those who have long commutes to live within their means as most jobs are confined to urban areas, and affording a home in urban markets. For example, a home in Boston is valued 303 percent more per square foot than a typical outlying home, while the premium for homes in central Washington, D.C., compared to outlying areas is 218 percent per square foot, the report noted. Pointing out the areas that lost Amazon’s headquarters bids to suburban New York and Washington, D.C., the report said that Atlanta, a former Amazon HQ2 contender, has seen some action despite it being passed over by the prime vendor. A smaller Seattle-based company named Convoy is expected to open its East Coast office in the metro. There is also a possibility that Norfolk Southern may relocate its headquarters there.In the wake of deadly fires that tore into California, builders and developers will focus on preventative and/or protected building materials and designs, according to Zillow. Building costs are surging, and insurers are apprehensive offering policies in danger zones leading to slower and costlier rebuilding. Zillow’s projections for homes inundated by rising sea levels and storm surges over the course of a typical 30-year mortgage begun in 2020 are not encouraging.In October, home values were up 7.7 percent from a year earlier, to a U.S. median of $221,500. One mitigating effect to rising mortgage rates will be slower home value growth, Zillow indicated. Forecasting a growth of 6.4 percent from October 2018 to October 2019; a Zillow survey of housing experts and economists anticipates a 3.79 percent increase in home values for 2019. Both forecasts indicate cooling from red-hot growth of 8 percent in March of this year. Subscribe Sign up for DS News Daily Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / The Housing Market in the Year Ahead Demand Propels Home Prices Upward 2 days agocenter_img in Daily Dose, Featured, Market Studies, News, Servicing Share Save Previous: RMBS in 2019 Next: Where do Americans Feel Safe? The Housing Market in the Year Ahead About Author: Donna Joseph The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Affordability amazon Home Values Homeownership Median Income Mortgage Rates Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

Asian Boxing Championships: Shiva Thapa and Lovlina Borgohain to lead Indian Challenge

first_imgNEW DELHI: World Championship Silver medallist Sonia Chahal along with Asian Games Gold medallist, Amit Panghal and former World Championships medallists Sarita Devi and Shiva Thapa will spearhead the 20-member Indian boxing team at the Asian Boxing Championships in Bangkok, Thailand starting from April 17-26. Asian Games gold-medallist Amit Panghal will be making his competitive debut in the 52kg category while Shiva Thapa (60kg) will eye a record-breaking fourth successive medal. The former world championship bronze-medallist from Assam has won medals in three previous editions -gold in 2013, bronze in 2015 and silver in 2017.Former world junior champion and gold medallist at the Strandja Memorial Cup, Nikhat Zareen; (51Kg); two-time youth world championships gold medallist, Nitu is a bright prospect in 48kg and will look to do justice to her selection. The 54kg challenge will be led by her state mate and World Championship quarterfinalist, Manisha. India’s hopes in 64kg will rest on Punjab’s Simranjit Kaur and Assam’s Lovlina Borgohain, bronze medallist in 2017 in 69kg. Haryana boxers Nupur making her debut and Pooja Rani will eye for her third title as they secured berths in 75kg and 81 kg respectively. Experienced boxer, Seema Poonia will be vying for the title in the 81+kg category.In the men’s section, the 49kg category will be represented by Deepak Singh, who clinched a gold medal in the Makran Cup in Iran last month while Kavinder Singh Bisht, the gold-winner in the GeeBee Tournament, has been picked for the 56kg category. The Commonwealth Games silver-medallist, Satish Kumar was expectedly the choice for the +91kg division. Satish won a bronze medal at the 2015 edition of the Asian Championships. Rohit Tokas (64kg), Ashish (69kg), Ashish Kumar (75kg), Brijesh Yadav (81kg), and Naman Tanwar (91kg) will represent India in the remaining weight categories. After seven successful editions, the women’s competition will be held simultaneously as the men at the Asian Championships for the very first time. In the last edition, the Indian women grabbed a total of seven medals that included one gold, one silver and five bronze. (IANS)Also Read: Sports Newslast_img read more

Ice, Cougar linebrawl the topic of conversation in BCMMHL

first_imgWhen pressed to comment about the fights, Sprague continued to remain tight lipped.“The boys had some fun . . .. It’s something that happened,” Sprague said.B.C. Hockey is now involved in conducting a full-scale investigation of the incident.“We had five guys sitting out,” Sprague said when asked if any of the Cougar players were suspended.“They exchanged phone numbers on the ice and went and sat in the stands. It was good old-time hockey . . . it’s all good.”DiBella said one of his players was taken to hospital after the brawl.Kootenay had five players — Brandon Sookro, Kyle Hope, Tristan Pagura, Justin Post and Joel Wells — sitting out Sunday’s game.Cariboo entered the weekend tied for second spot in BCMMHL standings with Okanagan Rockets.Kootenay holds down last place in the 11-team league, more than 38 points behind Cariboo.The Cariboo Cougars professed to be the first BC Major Midget League team to broadcast games.However, the game video from Saturday was removed from the playfullscreen.com website as of Sunday.“The Cariboo Cougars videoed the game and I believe it was online,” DiBella said. “It’s something that’s out there that can be reviewed by B.C. Hockey and I hope that that is the case.” The Cariboo Cougars made it look easy, waltzing into the NDCC Arena to grab all four points in a two-game B.C. Hockey League Major Midget League series against the Kootenay Ice this past weekend.However, the game was not what everyone was talking about after the weekend set concluded Sunday.Instead, everyone’s favourite topic of conversation was the line brawl that ensued following Saturday’ 8-2 triumph by the Cougars.“I think it was an unfortunate set of circumstances,” Ice head coach Mario DiBella told The Nelson Daily after Sunday’s 8-3 loss against the Cougars.“The game was over and all the players had filed out onto the ice when a Cariboo player decided to he was going to start some extracurricular activities.”DiBella said both teams were on the ice after the final game buzzer sounded when one of the Kootenay players was slew footed by a Cariboo Cougar and everyone teamed up with a partner.Several Kootenay players had their helmets removed during the melee before a few fights broke out.The line brawl lasted for just over a minute before on-ice officials were able to restore order and the players left the ice.No other fights occurred off the ice.As many as ten players were suspended for Sunday’s game along with DiBella and Cariboo coach Trevor Sprague — both receiving two-game suspensions.Sprague and DiBella were both allowed to coach Sunday, as both teams assistant coaches were unavailable for the weekend series.While DiBella was eager to give his assessment of the incident, Sprague was less committal.“Guy went on the ice, they all has some fun and we all went back into the dressing room and went to the hotel,” Sprague said when asked to comment about Saturday night’s shenanigans.last_img read more

QPR v Cardiff: Full debut for Goss as R’s make changes

first_imgEmbed from Getty ImagesSean Goss makes his full debut for QPR at Loftus Road, where the club will be commemorating the 50th anniversary of their 1967 League Cup triumph.Goss, a January signing from Manchester United, comes into the starting line-up along with the recalled Massimo Luongo and Jamie Mackie and the fit-again Grant Hall and Conor Washington.Rangers are without the suspended Luke Freeman, while Ryan Manning, who has been carrying a knock, drops to the bench.There is also a place on the bench for Ravel Morrison.Former QPR man Junior Hoilett starts for Cardiff.QPR: Smithies, Perch, Onuoha, Lynch, Bidwell, Hall, Goss, Luongo, Mackie, Smith, Washington.Subs: Ingram, Wszolek, Furlong, Manning, Morrison, Ngbakoto, Sylla.Cardiff: McGregor, Connolly, Morrison, Bamba, Richards, Ralls, Gunnarsson, K Harris, Noone, Hoilett, Zohore.Subs: Murphy, Bennett, John, Whittingham, Halford, M Harris, Pilkington.   Ads by Revcontent Trending Articles Urologists: Men, Forget the Blue Pill! This “Destroys” ED x ‘Genius Pill’ Used By Rich Americans Now Available In Netherlands! x What She Did to Lose Weight Stuns Doctors: Do This Daily Before Bed! x Men, You Don’t Need the Blue Pill if You Do This x One Cup of This (Before Bed) Burns Belly Fat Like Crazy! x Drink This Before Bed, Watch Your Body Fat Melt Like Crazy x Follow West London Sport on TwitterFind us on Facebooklast_img read more

South African short films in international festival

first_imgBalance, by Colleen Alborough, reflects on“negotiations and manoeuvres we makewithin the complex, at times disconcertingand chaotic space of South Africa”.A scene from Atrophy, by Palesa Shongwe.(Images: Gauteng Film Commission)MEDIA CONTACTS • Sabine NiewaldaPress office, Oberhausen Film Festival+49 208 825-3073RELATED ARTICLES• SA short film makes festival finals• SA film shines at Zanzibar festival• Hopeville: a journey of restoration• SA film wins at Tribeca• Made in 48 hours, Joburg styleAnton BurggraafThree South African short films have been selected for the prestigious Internationale Kurzfilmtage Oberhausen, or Oberhausen International Short Film Festival, to be held in May in the river city of that name in the Ruhr region of Germany.The films are Atrophy by Palesa Shongwe, Balance by Colleen Alborough and Steglitz House by Bridget Baker.The Kurzfilmtage is among the oldest film festivals in the world, active since 1954. Short films and video works across all genres are accepted but there is a notable emphasis on creative innovation and artistry. Hundreds of awards are given annually to the amount of €40 500 (almost R400 000).The festival has given a push start to many well-known filmmakers. Martin Scorsese, George Lucas, Roman Polanski and Werner Herzog first presented films here.The renowned Wim Wenders is quoted on the festival website: “I smoked my first cigarette here. For years, I saw every single film at the Kurzfilmtage, looking forward to those days in Oberhausen every year. These events were important for me, for my decision to become a filmmaker.”More recently such greats as Jean-Pierre Jeunet, who made Delicatessen (1991) and Amélie (2001), and François Ozon, director of last year’s Potiche and the big 2002 French hit 8 Women, have debuted at the festival.Festival organiser Hilke Doering is enthusiastic about South Africa’s participation. “It’s the first time that we will screen so many films from South Africa in the competition and that we’ve had so many submissions from there.”This was due in part to Doering’s visit to the country last year to publicise the festival and the efforts of people she met who encouraged local filmmakers to enter.The festival has a tradition of setting trends. Its mission is to recognise new talent, support the avant-garde in short films and music videos, and nurture the exploration of new digital formats in a broad-minded association of art and short-form video. So conceptual work is often the mainstay of festival content.It is no surprise then that two of South Africa’s entrants are fine artists.BalanceColleen Alborough works in multimedia using video installation, stop-frame animation, video manipulation and printmaking – her interest is the intersection of traditional art media and new technologies.Alborough’s film Balance is a stop-frame animation piece. This form of animation is constructed with successive photographs of objects as they are moved over space and time. It is the oldest animation technique, even predating cartoons, where drawings replace three-dimensional objects.“I search for ways to include elements of the handmade in the making process, as a means to import haptic [tactile] qualities into the digital realm,” she says. “In the stop-frame animation, the sets and characters are made from cut-out dry point and monotype prints.”Although Balance is to be screened at the Kurzfilmtage as a standalone piece, it was originally exhibited as part of a larger work exhibited at the Standard Bank Gallery.Balance features a headless man trying to find his place (and his balance) in a shifting cotton landscape that is the chaotic detritus of seething Johannesburg. In the shadow of an impenetrable city skyline, he tries on a number of discarded heads but none seem to fit, and then sinks into a subterranean chasm, chased by gauze phantoms.The monochrome world Alborough creates is contradictory: soft but alien. It is her intention that the figures appear to be lost, “on an endless struggle to escape the nameless terrors and break free of the anarchic mass”. She adds that she hopes to highlight elements of the absurd that are present in the strange worlds of imagined fears. Here Alborough is consciously reflecting on the “negotiations and manoeuvres we make within the complex, at times disconcerting and chaotic space of South Africa”.Balance has a soundtrack created by the process-oriented composer and musician João Orecchia. He recorded the sounds in and around Alborough’s studio at Arts on Main in Johannesburg while she worked. This included the sound of equipment like the printing press, the computer CPU and a digital camera. The sounds were then mixed to produce a haunting soundscape that extends the disconcerting atmosphere of a peculiar and unnerving world.Steglitz HouseThe other fine artist is Bridget Baker with her film Steglitz House, which was filmed inside a scale model of a 1930s West Berlin home at the Arikalex Miniature Museum in Steglitz, Berlin.Baker used macro-lenses and slow tracking shots, beautifully crafted by cinematographer Moritz Kaethner, to teasingly explore what appears to be a recently abandoned home. Breakfast is laid out; there is a hat on the front door steps; letters have just been opened on the study desk bureau.There is an eerie evocation here to Nazi persecution of the era and the effect is a suggestive edginess like you would find in a spy thriller, albeit stripped of human presence. Baker on her website recalls growing up in South Africa during apartheid where the death of her father at an early age “set forth an ambiguous future tainted by absence”.According to Baker, her work “weaves together re-inventions of the personal and the historical, while associating failure, invisibility, memory loss, displacement and desire as threads to discover these traces”. So there are surprise personal artefacts like a certificate from Stellenbosch University and a South African passport in the one-in-12 scale model. By combining found locations, fabricated objects, photographs and personal effects, she constructs inventories, invents memory, and juxtaposes fiction and authenticity.Again, the soundtrack to Steglitz House is key to the tone of the film and comes in the form of an ambient drone created by sound designer Braam du Toit. The music oscillates between dramatic foreboding and ethereal reflection.AtrophyThe third film to be selected for the Kurzfilmtage is Atrophy by Palesa Shongwe, an emerging filmmaker. Shongwe has produced a number of respected documentaries focusing on human rights, social development and xenophobia. In 2009 she made Our Broken Dreams, about the plight of unaccompanied migrant children in southern Africa.She also recently graduated from the MultiChoice Film Talent Incubator – a programme launched in 2007 to develop local film talent from the previously disadvantaged community run by satellite broadcaster MultiChoice and training partner Big Fish School of Digital Filmmaking. Atrophy is her first film and was awarded the prize for best directing.“My work is creating films, both dramatic and documentary, about social development and human rights,” says Shongwe. My passion lies in the power of story to create social awareness and connections across borders and social boundaries.”In August 2010 she attended the President’s Forum with Young African Leaders, hosted by Barack Obama. She was invited in recognition of her work along with 120 young Africans from various sectors across Africa to discuss the future of the continent and ways to expand opportunities for all Africans.Atrophy is a mood piece where picture, poetry, voice and music come together in a contemplative narrative about the lingering recollections of youth. Shongwe uses dance as a metaphor for life: it is both an expression of youthful exuberance and collective memory. She reflects on the sadness of how growing up and moving on can unexpectedly stifle freedom and creativity.Against archive footage of newly built apartheid townships, the narrator muses: “But we were colonies of dreamers, negotiating the politics of space. In backyards and passageways, mastering the choreography of confinement.”A provocative question lingers through the piece: “Does gaining the freedom of movement dispose of its necessity?”Big eventThe International Short Film Festival Oberhausen is not a small event: attendance figures top 16 000. To put that in perspective, 30 000 people go to Cannes and the Berlin Film Festival pulls in the region of 20 000 cinephiles.Of the 5 256 films that were submitted to Kurzfilmtage, only 375 were selected for screening. That makes the appearance of these three South African films all the more meaningful.Go to www.kurzfilmtage.de/en/competitions/selection.html for a complete list of films selected for all five competitions – International Competition, German Competition, NRW Competition, International Children’s and Youth Films Competition and MuVi Award for the best German Music Video.The entire programme with all 500 films is now online. Visit the festival website at www.kurzfilmtage.de.last_img read more