Home Purchase Sentiment Down After Hitting ‘Peak’

first_img Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago About Author: Christina Hughes Babb December 7, 2020 849 Views Fannie Mae’s Home Purchase Sentiment Index (HPSI) this month reported a 1.7 point decline in home-purchase sentiment following three consecutive months of increases, the researchers said. The HPSI stands at 80 points for November. Since last year at this time, the HPSI has dropped 11.5 points.The decline in the HPSI can be attributed to net decreases in three components this month: mortgage rate outlook,job loss concern, and buying conditions. Three components saw net increases: home price outlook, change inhousehold income, and selling conditions.”The HPSI appears to have peaked for now as consumers continue to consider how COVID-19 impacts their ability to buy or sell a home,” said Doug Duncan, Fannie Mae’s Senior Vice President and Chief Economist. “This follows the HPSI’s recovery of slightly more than half of the loss experienced during the first few months of the pandemic.””Drilling down a bit, home purchase confidence has recovered more for homeowners than for renters, in part because homeowners have been less likely than renters to have had their jobs and finances impacted by the pandemic,” Duncan continued. “Interestingly, the gap between the HPSI broken out by the homeowner and renter subgroups hit a survey high in August but, despite narrowing slightly, remains elevated and well above the survey average.”Some other highlights related to HPSI indicators for the month of November 2020 (access more info on the HPSI as well as the full research report on Fanniemae.com).The net share of Americans who say it is a good time to buy decreased 3 percentage points—The percentage of respondents who say it is a good time to buy a home decreased from 60% to 57%, while the percentage who say it is a bad time to buy remained the same at 35%.  The net share of those who say it is a good time to sell increased 2 percentage points—The percentage of respondents who say it is a good time to sell a home remained the same at 59%, while the percentage who say it’s a bad time to sell decreased from 35% to 33%. The net share of Americans who say home prices will go up increased 8 percentage points month over month—The percentage of respondents who say home prices will go up in the next 12 months increased this month from 40% to 41%, while the percentage who say home prices will go down decreased from 20% to 13%. The share who think home prices will stay the same increased from 31% to 35%. As a result, The net share of Americans who say mortgage rates will go down over the next 12 months decreased 14 percentage points month over month—The percentage of respondents who say mortgage rates will go down in the next 12 months decreased from 11% to 8%, while the percentage who expect mortgage rates to go up increased from 32% to 43%. The share who think mortgage rates will stay the same decreased from 49% to 40%. The net share of Americans who say they are not concerned about losing their job decreased 6 percentage points month over month—The percentage of respondents who say they are not concerned about losing their job in the next 12 months decreased from 79% to 76%, while the percentage who say they are concerned increased from 21% to 24%. The net share of those who say their household income is significantly higher than it was 12 months ago increased 3 percentage points month over month—The percentage of respondents who say their household income is significantly higher than it was 12 months ago increased from 23% to 24%, while the percentage who say their household income is significantly lower decreased from 20% to 18%. The percentage who say their household income is about the same increased from 55% to 57%. Share Save in Daily Dose, Featured, Market Studies, News Demand Propels Home Prices Upward 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles The Best Markets For Residential Property Investors 2 days ago Previous: The Week Ahead: The Impact of the 2020 Wildfires Next: DS5: Industry Leaders and Policymakers Confront Housing Challenges Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Home Purchase Sentiment Down After Hitting ‘Peak’ The Best Markets For Residential Property Investors 2 days ago 2020-12-07 Christina Hughes Babb Home Purchase Sentiment Down After Hitting ‘Peak’ Subscribelast_img read more

LGPS to abolish investment restrictions as details of pooling announced

first_imgAs part of the changes, the DCLG also confirmed it would look to replace the current regulation governing investments, which sets out upper limits on certain types of investments, including infrastructure.Instead, funds would be asked to publish an investment strategy statement, allowing them to pursue a prudential approach in line with private sector funds in the UK.The DCLG hinted at the potential for deregulation in late October.The deregulation proposed by the department would require the new statement, effectively taking the place of the current Statement of Investment Principles, to set out a diversified investment strategy and the fund’s approach to risk management.It would also need to mention any potential collaborative investment approaches, and the fund’s environmental, social and governance policy, as well as its approach to shareholder engagement.The funds will have up to six months after the new regulation is in place to publish the new statement, at which point it will replace the investment regulations from 2009.As part of the separate consultation on structural reform, the DCLG urged local authority funds to “explain” how infrastructure would feature within the new pooling arrangements, as well as how pooling could improve the ability to invest in the asset class.Without directing the funds to invest in infrastructure, the consultation highlighted the “wide range” of assets pooled vehicles could seek exposure to – including railways, roads and housing projects, making both greenfield and brownfield investments.The government also acknowledged that, should the LGPS opt for a single, illiquid asset-pooling vehicle – such as the infrastructure joint venture set up by the London Pensions Fund Authority and the Greater Manchester Pension Fund – such a vehicle would be exempt from the £25bn target imposed on the multi-asset pools.The consultation offered other concessions in the area of pooling, recognising that certain investments – such as local holdings or direct property investments – would be impractical for the asset pool to oversee.“In light of the arguments brought forward by authorities and the fund management industry, the government is prepared to accept that some existing property assets might be more effectively managed directly and not through a pool at present,” the consultation adds. “However, pools should be used if new allocations are made to property, taking advantage of the opportunity to share the costs associated with the identification and management of suitable investments.”Both consultations are set to close by 19 February.,WebsitesWe are not responsible for the content of external sitesLink to pooling criterionLink to investment regulation consultations Local authority funds in the UK will see most investment restrictions lifted and a shift towards a prudent person approach, as the government reforms the 90 schemes in England and Wales.Releasing its long-awaited consultation on the structural reform of the local government pension schemes (LGPS), the Department for Communities and Local Government (DCLG) outlined a number of criteria on which pooling vehicles would be assessed.Local funds will be expected to form “up to” six asset pools of no less than £25bn (€35.5bn), and each proposal should outline the level of savings each vehicle should hope to achieve over the next 15 years.The only one of the English pooling proposals to so far meet the £25bn threshold is the London collective investment vehicle, which earlier this week announced the names of four managers in charge of £6bn in mandates. last_img read more

Spurs, Villa Headline FA Cup Third Round

first_imgTottenham have not won the FA Cup since 1991, while Villa have been revived under new boss, Steve Bruce, after a disastrous start to the season in the Championship.They sit 12th, seven points off the playoffs and see Spurs as a possible scalp, particularly if boss Mauricio Pochettino makes changes.More importantly for Villa fans ahead of the game, unpopular referee Mike Dean has been picked to officiate.The last time Villa played at White Hart Lane, Dean seemed to celebrate a goal scored against them. It wasn’t just a simple fist pump; he almost ran the length of the pitch.Aston Villa fans might have thought their relegation from the Premier League would have meant no Mike Dean, for at least a season – but they were wrong!Dean officiating a Villa match would have been enough to set the pulses racing, but the fact that it’s against Spurs will have fans fuming.In fact, his actions in Spurs matches have seen suspicions arise about whom he actually supports. Arsenal fans actually filed a petition to the FA called ‘Prevent Mike Dean from refereeing another Arsenal game’.Meanwhile, Reading manager, Jaap Stam,  says his side have “nothing to lose” when the promotion-chasing Championship outfit visit his former club Manchester United for an FA Cup third-round clash on Saturday.Stam, who won three Premier League titles, an FA Cup and the Champions League during a three-year stint at Old Trafford, has hailed the current United squad under manager Jose Mourinho but will arrive prepared to cause an upset.“We’re facing a great team, a great manager. I like how he works and what he does for his team, how we gets things going… and the career that he has made, the trophies that he has won,” Stam told Reading’s official website. (www.readingfc.co.uk)“We’re not saying we don’t have a chance. Everybody has a chance. But it’s important that we prepare well for the game and hopefully we can do well and enjoy it.”Stam has urged the Royals to fight hard and not get intimidated against a United side unbeaten in all competitions since early November.“We’ve got nothing to lose when we play there. We don’t want to give the tie up – we will work very hard and we are going to fight for it,” the Dutchman added.“And there is no need for the players to get nervous because of the crowd or the game – they need to enjoy it.“Obviously, you enjoy it much more if you get a result but this is an opportunity for the players, the team, the club to show themselves to the world in what we are trying to do here.”Reading are currently third in the Championship, eight points behind leaders Brighton after 24 games in Stam’s first season at the club.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Attention shifts from the Premier League this weekend as the English FA Cup takes centre stage with the encounter between Tottenham and Aston Villa headlining the third round fixtures of the English football oldest competition.Tottenham Hotspur welcome Championship side, Aston Villa to White Hart Lane in the third round of the FA Cup. The hosts are in good form with five straight wins with a win against Chelsea on Wednesday before they turn their attention to the cup.last_img read more

Reds release former Dodgers All-Star Matt Kemp

first_img Cody Bellinger homer gives Dodgers their first walkoff win of season Fire danger is on Dave Roberts’ mind as Dodgers head to San Francisco How Dodgers pitcher Ross Stripling topped the baseball podcast empire The Reds also optioned OF Scott Schebler to Triple-A Louisville and recalled LHP Cody Reed from Louisville. Schebler was hitting .123 with two home runs and seven RBIs in 30 games and had lost his starting job to top prospect Nick Senzel, who made his major league debut Friday.Related Articles Dodgers’ Max Muncy trying to work his way out of slow start center_img Dodgers hit seven home runs, sweep Colorado Rockies Newsroom GuidelinesNews TipsContact UsReport an Error CINCINNATI  — The Reds have released injured outfielder Matt Kemp just over four months after acquiring the 2018 All-Star from the Los Angeles Dodgers.Cincinnati announced the move Saturday.Kemp hit .200 with one homer and five RBIs before Cincinnati placed him on the injured list April 23 with a broken left rib. Kemp was injured colliding with an outfield wall in San Diego.The 34-year-old was among four players acquired from Los Angeles in a seven-player trade in December along with outfielder Yasiel Puig, infielder Kyle Farmer and left-hander Alex Wood. Kemp is in the final season of a $160 million, eight-year contract.last_img read more

Jazz guard Ricky Rubio says he is ‘not priority number one’ for Utah

first_imgRicky Rubio’s time with the Jazz could be coming to an end.The eighth-year guard finished his second season with Utah, however the team doesn’t see keeping Rubio as their top priority. “[Utah has] let me know that I am not priority number one,” Rubio told Catalunya Ràdio, a Spanish public radio network. Rubio, 28, was acquired from Minnesota during the summer of 2017. He moved into the Jazz’s lineup and started all 77 games he appeared in that season, which turned out to be the best of his career — averaging 13.1 points on 41.8% shooting from the field and 35.2% from 3-point range.In 2018-19 he led the team in assists per game (6.1) and was second in steals per game (1.3).Rubio acknowledged he could be on his way out, and doesn’t know where he will end up as he hits the free agent market. “When free agency comes, now that the season is over, I can start thinking and see where I want to go, where I can go,” Rubio told the Salt Lake City media in April. “But one thing I’m gonna look [at] for sure is the best situation for me, with the coach and the team. … I want to be happy. I’m gonna try to find the best situation for me to perform and be happy.”A lot of friends have asked me, ‘Yo, where you gonna play next year? Can I come visit?’ I don’t have any idea where I’m gonna go. A lot of things depend. If you’re LeBron [James] or [Kevin Durant], you can pick your own destiny. There’s a lot of things that depends [for me]; if [teams are] gonna need a point guard or not.”However, general manager Dennis Lindsey has seemingly left the door open for Rubio.“There’s a lot of scenarios I could see Ricky back. We really appreciate who he is, we think we can get him better from a health/performance standpoint, from a skill standpoint,” Lindsey said in April. “We know who he is, and we know he has Jazz DNA. He’ll have options, we’ll have options, and we’ll talk to he and his agent. But I’m really, really pleased with the level of professionalism, care factor, level of competitor that Ricky is. So there’s definitely potential for it to go forward.” One thing Rubio did make clear was he wants to have a longer season. The Jazz lost in the first round of the Western Conference playoffs after making it to the conference semifinals the past two seasons.“I want to play a leading role and to be on a team with playoff aspirations,” Rubio said on Catalunya Ràdio. “Marc Gasol made me envious.”last_img read more

LVR Bombers edge Bateman to capture BC High School AA Tier II Rugby Crown

first_img“This team had lots of heart, will and determination to win,” said Joyce, who has coached the Rugby Program at LVR for the past 10 years. “We were small in numbers but they all stuck together throughout the season.”Martin Mendez score a try and Dylan Dixon converted a penalty kick to give LVR the early 8-0 lead in the heart-stopping final played under wet, soggy conditions.However, Robert Bateman scored a late try in the first half to cut the advantage to 8-7 at halftime.Chase Gilbertson scored in the second half to give the Bombers a 13-7 lead.This is the first year for the Tier system as BC High School Rugby looked to even the playing fields for school from the Interior of the province like L.V. Rogers.The Bombers were ranked first in the eight-team field while Bateman held down the second seed.LVR opened the tournament Wednesday by bouncing D.W. Poppey of Langley 41-14. The Bombers then disposed of Hugh Roberts of Richmond 15-10 in Thursday’s semi final to advance to Saturday’s championship contest.The Bombers also took home the Most Sportsmanllike Trophy en route to the Provincial title.Eli Swan, who accepted the trophy for the Bombers, was selected winner of LVR’s Commissioner award. Swan had a standout tournament for LVR.The Fairview-based school is now putting its support behind the LVR Bombers Girl’s Soccer Team.The Bombers travel to Campbell River to compete in the BC High School Girl’s Championship Tournament beginning Thursday. After the final whistle, jubilation set in for the L.V. Rogers Bombers as the Kootenay Reps captured the 2016 BC High School Boy’s AA Tier II Rugby Championship with a thrilling 13-12 victory over Fraser Valley power Robert Bateman Timberwolves Saturday at Rotary Park in Abbotsford.”The boys just raced onto the field after the whistle,” Bomber head coach Michael Joyce told The Nelson Daily during a stop on the celebratory bus ride back home.Joyce & Company had good reason to breathe a sigh of relief at full time as Bateman had a chance to win the game.Holding on to the slim lead Matt Calderone of Robert Bateman scored a try with time running out.However, with the official ready to blow the whistle to end the game, the game-winning kick attempt fell short giving LVR the Provincial title.The title the school’s first senior varsity provincial title since its boys volleyball team won a blue banner back in 1994 under the guidance of coach Rand Wayling. LVR did capture a BC Junior Boy’s Basketball crown in 2000, also going undefeated throughout the season like the 2016 Champion Rugby Team, finishing the season a perfect 15-0 with tournament titles in Red Deer and a perfect record in Kamloops.last_img read more

Chot Reyes open to possible additions to Gilas wish list

first_imgSEA Games 2019: No surprises as Gilas Pilipinas cruises to basketball gold PLAY LIST 06:27SEA Games 2019: No surprises as Gilas Pilipinas cruises to basketball gold01:45Explosive Gilas Pilipinas not yet at its best, says Tim Cone00:50Trending Articles02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award Photo by Tristan Tamayo/INQUIRER.netGilas Pilipinas coach Chot Reyes reiterated that he’s not closing his door on any possible additions to his “23-for-23” wish list.“They came in their own volition,” Reyes said, referring to the Riveros. “We’re all inclusive. There’s no one who was prohibited or was asked not to come.”ADVERTISEMENT Jiro Manio arrested for stabbing man in Marikina Sports Related Videospowered by AdSparcRead Next OSG plea to revoke ABS-CBN franchise ’a duplicitous move’ – Lacson Steam emission over Taal’s main crater ‘steady’ for past 24 hours LATEST STORIES OSG plea to revoke ABS-CBN franchise ’a duplicitous move’ – Lacson Meralco ‘never the same’ after Almazan injury in PBA Finals La Salle had previously asked Reyes to refrain from naming Green Archers in his wish list for now after the school underwent a coaching change from Aldin Ayo to Louie Gonzalez.Reyes, however, is keeping his fingers crossed that things would turn out for the better for Rivero and his “23-for-23” players in the coming days.“It remains to be seen what will happen in the next couple of weeks,” he said.ADVERTISEMENT Wolves steamroll Cavs behind Butler, Wiggins Redemption is sweet for Ginebra, Scottie Thompson MOST READ Scottie Thompson also worthy of Finals MVP, thinks Cone La Salle star Ricci Rivero, who was accompanied by his dad,  was a surprise spectator in the national team’s evening practice at Meralco Gym on Monday that raised speculations of him joining the pool soon.READ: Ricci Rivero makes surprise appearance at Gilas practiceFEATURED STORIESSPORTSTim Cone, Ginebra set their sights on elusive All-Filipino crownSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSAfter winning title, time for LA Tenorio to give back to Batangas folkBut Reyes said that as much as the high-flyer would like to be a part of the cadet squad, things must be cleared up with his school first.“[The Riveros] have really been in touch with us since the list came out. But we had to explain the situation they had with the school. They asked if they can tryout, but it has to be something we talk about with their school,” he said. Judy Ann’s 1st project for 2020 is giving her a ‘stomachache’ Brian Heruela arrival bolsters Phoenix backcourt, defense Don’t miss out on the latest news and information. View commentslast_img read more

ABB wins $53m Eskom order

first_img5 February 2009International power and automation technology group ABB has won an order worth US$53-million (about R528-million) from South African electricity company Eskom to strengthen its transmission network in the Western Cape province.The installations, which form part of an initiative to increase power capacity in Cape Town and its surrounding areas, will allow Eskom more flexibility and reduce its reliance on the Koeberg nuclear power station.ABB will design, manufacture, install and commission six 765-kilovolt capacitor banks at the Alpha, Beta, Mercury and Perseus substations, with the compensators used in the project being from a family of technologies known as flexible alternating current transmission systems (Facts).“ABB’s Facts technologies allow more power to be delivered more efficiently using existing infrastructure,” ABB Power Systems head Peter Leupp said in a statement this week.“This reduces the need to build additional transmission lines, lowering environmental impact and minimising cost.”Advanced control and protectionThe project includes ABB’s Mach2 technology, which is an advanced control and protection system, and the most widely applied platform for high voltage direct current and Facts solutions, bringing the benefit of fast, flexible, real-time control.ABB is a pioneer in Facts technologies, with the largest installed base in the world. Eskom has awarded ABB a number of contracts in recent years, including a $90-million order to upgrade control systems and instrumentation at the Matla power plant in north-eastern South Africa.This latest order was booked in the fourth quarter of 2008, and is expected to be complete by 2010.SAinfo reporter Would you like to use this article in your publicationor on your website?See: Using SAinfo materiallast_img read more

Out-of-form Everton and Tottenham leave it to VAR to supply highlights

first_imgShare on WhatsApp Everton’s Tosun earns draw with Spurs in game marred by Gomes leg injury Share on Messenger VAR at risk of changing the spirit of football, says Pochettino – video Play Video Share on Pinterest Share on Facebook Tottenham Hotspur The Fiver: sign up and get our daily football email. There were eight goals in this fixture last season, most of them scored by Tottenham at their freewheeling best, yet a pall has descended on both teams since. For the most part this match was so dull it was actually enlivened by the intervention of VAR. There were boos from the home crowd at the length of time it took to establish that Atkinson had made the correct decision in denying Son a second-half penalty, then more boos when a three-minute delay failed to penalise Alli for accidental handball in the area. This sort of thing is presently giving Premier League football a bad name but without it there might not have been any noise at Goodison at all in the first hour, and that cannot be healthy for a stadium that prides itself on old-fashioned atmosphere. 1:42 Topics Share on LinkedIn Everton had the only attempt on target in the first half, Paulo Gazzaniga making a routine save from Richarlison, and the home fans made more of a noise when Theo Walcott was subjected to a VAR review to check whether his foul on Ben Davies merited an upgrade from yellow to red. The travelling Tottenham support spent most of their time jeering Walcott and Alex Iwobi, the two former Arsenal players in Everton’s ranks, and at times, so limited was their impact, the home crowd probably felt like joining in.The Son penalty appeal at the start of the second half was actually one of the game’s few moments of quality. The school of thought that believes Tottenham perform better without Kane will have to reconsider its stance after this weirdly unfocused display, though at least there were signs that Alli is rediscovering his touch. It was Alli’s deft pass that had sent Son scampering into the area where, in attempting to get round Yerry Mina, he went to ground rather optimistically in a tangle of legs. Richarlison saw another shot saved before Moura missed an excellent chance to put Spurs ahead, failing to take the opportunity to lob Jordan Pickford with only the goalkeeper to beat. When Son found space for Alli to drill a low shot into the bottom corner the game could have been up for the home side, though the whopping 12 minutes added on for the various second-half stoppages ended up coming to their rescue.center_img Only two points separated the sides before the game and, when it started, it was easy to see that both of them are short on form and confidence and they fought out a first half that will not live long in the memory. Spurs were marginally ahead in terms of possession and ideas, though the speed of execution and the accuracy of the final pass were not quite there. With both midfields giving the ball away for fun there was little to get excited about further up the pitch. A week after losing on Merseyside Spurs thought they had turned a corner here until Cenk Tosun headed an equaliser in the seventh minute of added time to save Marco Silva from the ignominy of losing for the sixth time in seven league games. Tottenham did not play especially well, with Lucas Moura failing to fill the gap left by Kane, though in normal time at least Everton were no better.Silva tried his most mobile midfield, Gomes partnering Tom Davies, but Everton were back to the slow and safe mode that the manager had complained about beforehand even before Gomes became the victim of a rash challenge that brought Son a straight red card 10 minutes from time. There was no penetration down the wings, Richarlison was far too isolated to be effective and Everton could hardly complain when a smart Dele Alli finish put the visitors ahead and seemed to have set them on the path to victory. features Read more Premier League Share on Twitter One could only feel for André Gomes at the end, just back from injury and talking in the programme about his optimism for the future, only to leave Goodison on a stretcher with the ghastliest of leg fractures.Many of the Everton fans stuck around to boo Martin Atkinson as he left the pitch at the end yet, though the officials on and off the field contributed much to an extraordinarily dramatic conclusion to the most ordinary of afternoons, it was not the referee who ended Gomes’ participation, although he might have booked Son Heung-min earlier for diving in the area. When all the sound and fury had died down the bottom line remained that Spurs have still not won away since January and Everton were too feeble to take advantage of opponents missing Harry Kane through illness. Share via Email Read more Everton Everton 1-1 Tottenham Hotspur: Premier League – as it happened Reuse this contentlast_img read more