Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save August 22, 2019 1,231 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago 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. Sign up for DS News Daily Previous: Understanding Uncertainty: Property Preservation and Maintenance in Flux Next: Mortgage Rates Influencing Homebuyers Servicers Navigate the Post-Pandemic World 2 days ago About Author: Radhika Ojha Tagged with: Affordability CoreLogic Home Home Equity Home Sales HOUSING Mortgage Rates Negative Equity Demand Propels Home Prices Upward 2 days ago The economic expansion over the past nine years has not only created more than 20 million jobs and raised family incomes but has also driven the recovery of the housing market, according to a special report by CoreLogic.The report indicated that over the past decade, not only has the number of homes with negative equity decreased (4.1% in Q1 2019 against 25.9% during the same period in 2010), but total home equity has also hit a record high.At the end of Q1 2019, total home equity reached $15.8 trillion, up from $6.1 trillion a decade ago. Additionally, between Q1 2010 and Q1 2019, the average equity per borrower increased from approximately $75,000 to around $171,000.“Home prices have increased steadily since 2011, creating record amounts of home equity and putting homeowners in a good position to weather future downturns,” said Molly Boesel, Principal Economist at CoreLogic.But the rise in home prices has also impacted housing affordability, especially in some areas of the country.Take California for example. According to Frank Nothaft, Chief Economist at CoreLogic, “While California’s home prices grew considerably from 2013 to 2018, affordability issues in the state have since hampered growth with the state’s average annual home price dropping from 7.4% in 2018 to 4.9% in 2019.”The effects of affordability are being felt by millennials—the largest cohort of homebuyers. According to the report, millennials made up 44% of home-purchase mortgage applications in 2018. However, metros in California had the lowest percentage of millennials applying for a mortgage.Additionally, the millennial share of homebuyers was higher in more affordable metros. Citing data from the CoreLogic Market Conditions Indicator the report said that of the top 10 metros for millennial buyers, four (Pittsburgh; Rochester, New York; Wichita, Kansas; and Grand Rapids, Michigan) were undervalued, five (Buffalo, New York; Milwaukee; Albany, New York; Provo, Utah; and Des Moines, Iowa) were at value, and one (Salt Lake City) was overvalued .But despite the challenges of affordability, the housing market is set to remain stable over the next 24 months, the report found. “We expect the housing market to enter a normalcy phase over the next 24 months. With prices, neither rising too fast nor too slow, and with a growing stream of young households looking to buy homes over the next two decades, the long-term view looks healthy,” said Ralph McLaughlin, Deputy Chief Economist. Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago A Question of Housing Affordability Home / Daily Dose / A Question of Housing Affordability Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Market Studies, News Affordability CoreLogic Home Home Equity Home Sales HOUSING Mortgage Rates Negative Equity 2019-08-22 Radhika Ojha Subscribe
The Ballina midfielder played a key role for the Premier County in last Sundays demolition of Waterford.Monaghan’s Conor McManus and Donegal’s Martin McElhinney are also nominated.
Bang, bang, bang.That’s all Gabon goal machine Pierre-Emerick Aubameyang seems to be doing these days, and on Sunday, he banged in another.His strike was the 22nd of the season for Borussia Dortmund as they defeated derby rivals Schalke 3-2 in the Bundesliga.The 26-year-old striker’s goal in the 48th minute made it 3-1 for Dortmund and proved the winner despite visitors Schalke scoring afterwards.Aubameyang received a yellow card after pulling off his shirt in celebration to reveal a T-shirt bearing the text ‘Do you remember?’ under the Batman logo, having donned a “Caped Crusader” outfit in the derby last February when he also scored in a 3-0 win over Schalke.It was his 14th goal in 12 matches in the Bundesliga this season, making him joint-top scorer in the league with Bayern Munich’s Polish striker Robert Lewandowski. The result leaves second-placed Dortmund five points behind Bundesliga leaders Bayern, and eight points clear of third-placed Wolfsburg, while Schalke stay fifth.Aubameyang also scored in last Thursday’s 4-0 win over Azerbaijani side Qabala, making him the leading scorer in Europe with 22 goals in all competitions.–Follow Gary on Twitter: @garyalsmith. Get more updates on Facebook/Twitter with the #JoySports hashtag