Home Price Growth, Including Distressed Sales, Continues to Stabilize

first_imgHome / Daily Dose / Home Price Growth, Including Distressed Sales, Continues to Stabilize Tagged with: CoreLogic Distressed Sales Home Sales April 7, 2015 1,134 Views Subscribe Home Price Growth, Including Distressed Sales, Continues to Stabilize Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Share Save Previous: DS News Webcast: Wednesday 4/8/2015 Next: Housing Data Shows Surge in Demand, Median List Prices Servicers Navigate the Post-Pandemic World 2 days ago About Author: Brian Honea When figuring in distressed sales (short sales and REO transactions), home prices jumped by 5.6 percent year-over-year in February, according to CoreLogic’s February 2015 Home Price Index released on Tuesday. February’s increase marked 36 consecutive months of year-over-year increases in home prices, including distressed sales.CoreLogic Chief Economist Frank Nothaft said home price growth has been stabilizing since the second half of 2014 due to the dwindling supply of affordable housing. Anand Nallathanti, President and CEO of CoreLogic, said the recent home price appreciation is the “hottest” the housing market has experienced prior to spring in nine years – since before the recession.”Assuming a benign interest rate environment and continued strong consumer confidence, we expect home prices to rise by an additional 5 percent over the next 12 months,” Nallathanti said.Excluding distressed sales, home prices increased by 5.8 percent year-over-year and 1.5 percent month-over-month in February, according to CoreLogic. The total number of short sales appears to be on the decline, according to data released by Black Knight Financial Services on Monday. Short sales declined by 45 percent year-over-year in 2014, and REO transactions decreased by 16 percent. The average short sale discount in 2014 was 23 percent, according to Black Knight, meaning that properties in short sales sold for 77 cents on the dollar compared to traditional market sales. The peak for short sale discounts was reached in July 2013, at 25.3 percent, according to Black Knight.For the short term, CoreLogic predicted that home prices, including distressed sales, would appreciate by 0.6 percent from February to March and by 5.1 percent (plus or minus 2 percent) year-over-year from February 2015 to February 2016. Excluding distressed sales, home prices are expected to increase by 0.5 percent month-over-month from February to March and by 4.8 percent (plus or minus 2 percent) year-over-year from February 2015 to February 2016.Even with the recent home price appreciation, prices are still 12.2 percent below their peak, which was reached in April 2006. Excluding distressed sales, home prices were still 7.8 percent below that peak month of April 2006, according to CoreLogic. Nevada was the state with home prices furthest below its peak value, at 35.4 percent. The state with the largest year-over-year home price appreciation, including distressed sales, was Colorado at 9.8 percent. Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Market Studies, News CoreLogic Distressed Sales Home Sales 2015-04-07 Brian Honea  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily last_img read more

Local arts groups awarded grants

first_img Print Article Local arts groups awarded grants Sponsored Content Skip Plans underway for historic Pike County celebration Three Pike County arts related organizations were among the 136 groups awarded grants by the Alabama State Council on the Arts at its September 6 meeting in Montevallo.ASCA awarded grants totaling $1,686,060 in support of arts in education, folk arts, community arts, literature, performing and visual arts programs. ASCA funds are matched by contributions and earned income by the grantee.The Pioneer Museum of Alabama received $3,750 for Pioneer Days; the Troy-Pike Cultural Arts Center was awarded $1,500 for ArtBridgesInSchools; and the Brundidge Historical Society received $1,000 for the Chili Country Christmas concert with Josh Goforth. By Jaine Treadwell Pike County Sheriff’s Office offering community child ID kits Remember America’s heroes on Memorial Day Latest Stories Book Nook to reopen By The Penny Hoarder The Penny Hoarder Issues “Urgent” Alert: 6 Companies… Troy falls to No. 13 Clemson “Wiley White, Johnson Center for the Arts exhibition coordinator, said the ArtBridges Summer Teacher Workshop is a hands-on workshop held each July that attracts teachers from Pike and neighboring counties. “Teachers come to learn how to integrate the arts into the curriculum of the core subjects,” White said. “This summer, the teachers learned about encaustics. For phase two, the workshop facilitators will visit the classrooms of the participating teachers and lead a related art project.”White said ArtBridges is an effort to bring art into the classroom.“When incorporated into the curriculum of the core subjects, art adds a different dimension to learning,” she said. “We are most appreciative of ASCA’s support because it provides us with more opportunities to bridge the arts and the classroom curriculum.” Lawrence Bowden, president of the Brundidge Historical Society, said the grant award will make it possible to continue to bring outstanding arts entertainment to Brundidge.“The historical society would not be able to bring high quality folk life presentations to the We Piddle Around Theater without the support of the Alabama State Council on the Arts,” Bowden said. “With ASCA’s support we are able to bring artists like Josh Goforth to small town Alabama.”Bowden said Goforth, an award winning Appalachian musician, singer and storyteller, performs all across the country and in Europe and Japan. “Josh Goforth plays a variety of instruments and is a champion fiddler. His versatility is amazing. He has performed at the Grand Ole Opry and at Carnegie Hall. Once folks see him perform, they don’t just want to see him again, they do.”The Alabama State Council on the Arts is the official state arts agency of Alabama. The staff of the Council, directed by Head, administers the grants programs and provides technical assistance in arts planning and programming. The Council receives its support through an annual appropriation from the Alabama Legislature and funding from the National Endowment for the Arts, a federal agency. Barbara Tatom, museum director, said being a new kid on the block, she is grateful for the state arts council’s support and the guidance of the council’s staff in preparing the grant application. The museum’s board and staff are especially appreciative of the grant funding that is a “tremendous boost” in helping fund Pioneer Days, she said.“Friday, October 12, is primarily a day designed for school groups,” Tatom said. “There will be a variety of demonstrations and some opportunities for hands-on learning. Already, we have 500 students signed up. On Saturday, October 13, people of all ages come to enjoy the demonstrations including rope making, woodworking, blacksmithing and Dutch oven cooking. We’ll have a dulcimer group and much more.”Visitors to Pioneer Days also have opportunities to view the museum’s 20,000-plus artifacts and the 22 historic structures on the grounds. The grant awarded to the Troy Pike Cultural Arts Center is for the second phase of the center’s ArtBridges program. ASCA Executive Director Al Head said the council is pleased to support the recipients with the approved grants.“Funds awarded through ASCA’s granting process provide a better education for students, enhancement for Alabama’s Creative Economy and quality of life for all Alabamians,” Head said.The Pioneer Museum of Alabama’s annual Pioneer Days event is a two-day event for students and the public. Email the author You Might Like Conecuh Ridge to propose design plans for facility Conecuh Ridge Distillery will now have 180 days to draft design and layout proposals for Troy officials as both sides… read more Published 10:36 pm Wednesday, September 12, 2018 Around the WebMd: Do This Immediately if You Have Diabetes (Watch)Blood Sugar BlasterIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingHave an Enlarged Prostate? Urologist Reveals: Do This Immediately (Watch)Healthier LivingWomen Only: Stretch This Muscle to Stop Bladder Leakage (Watch)Healthier LivingRemoving Moles & Skin Tags Has Never Been This EasyEssential HealthMost 10 Rarest Skins for FortniteTCGThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancellast_img read more

New drive to see childcare as a profession

first_img Comments are closed. The Government is planning a high-profile campaign to promote childcare as acareer.The move follows plans for a campaign to tackle a shortage of social workersand the “no-one forgets a good teacher” adverts.Director of the childcare charity Kids Club Network, Anne Longfield,welcomed the recruitment drive. The charity is carrying out a one-year reviewof childcare in the UK, chaired by former social security secretary HarrietHarman.Longfield says thousands of staff are needed to tackle recruitment problemsand to enable the Government to implement its national childcare strategy.”This campaign is something we have been saying is needed for a longtime,” she said. “We are looking at a workforce of 60,000 people overthe next five years.”A spokeswoman for the Department for Education and Employment said: “Weare in the process of fine-tuning what needs to be done and what gaps there areso we can recruit the right people in the right places.”www.dfee.gov.uk Previous Article Next Article New drive to see childcare as a professionOn 15 Feb 2000 in Personnel Today Related posts:No related photos.last_img read more

Dixons offers staff computer incentive

first_imgDixons offers staff computer incentiveOn 6 Mar 2001 in Personnel Today Dixons has offered employeesthe chance to buy a computer after two years’ service in a bid to strengthenstaff loyalty and improve IT skills.In exchange for a small cut insalary, staff are loaned a computer for two years with the option to buy at theend of that time. They can make cost savings of up to 40 per cent on the retailprice, claims Dixons. The deal was offered to 17,000 eligible staff last summerwith one in seven employees taking it up.James Welsh, Dixons’ head ofemployee rewards, said, “It made sense for the Dixons Group to offer itsemployees a reward with its roots in IT, not just because of our connection totechnology, but also because IT skills are becoming ever-more important.”He added, “By helping staff toobtain a home PC, we have created more than goodwill, we are investing in theskills, productivity and flexibility of our staff.”The opportunity to introduce thescheme arose when Chancellor of the Exchequer Gordon Brown introducedlegislation allowing employers to lease computers at a discount. Comments are closed. Previous Article Next Article Related posts:No related photos.last_img read more

Symposium goes back to basics

first_img Previous Article Next Article Comments are closed. As readers of Occupational Health may be aware, the Institution’s PublicServices Specialist Group organises the annual National Safety Symposium. Thisthree-day conference, now in its 26th year, is the leading event for health andsafety practitioners from the public sector. It is synonymous with a spirit ofcomradeship allied with the opportunity to absorb new and relevant information.The 2001 NSS, entitled “Essential elements of health and safety – backto basics”, is scheduled for 3-5 September. The Symposium has relocatedfrom its traditional home at Keele University, to a new venue, Chester College,and the intention is to move the event to different geographical locations eachyear. This fresh approach is reflected in the programme which seeks to providepractitioners with a chance to take a step back, have a look at what they aredoing and to seek confirmation that their knowledge and skills are valid. There will be four sessions hosting 11 challenging presentations with plentyof interest for occupational health practitioners. John McSwiney, Head Trainerat Osteopaths for Industry, will be looking at handling and lifting,. Guy Osmondfrom Osmond Ergonomic Office Solutions will examine the relationship between ITand ergonomics. Perhaps the star attraction for occupational health practitioners, however,will be Gary Saunders MIOSH RSP, with his talk “Occupational health? It’sjust so boring!” Saunders, Corporate Health and Safety Adviser at the NCHChildren’s Charity, will use his vast experience, including both SRN and OHNCqualifications, to test delegates’ understanding of occupational health. Judgefor yourselves whether the presentation’s title is ironic. For further information please contact the IOSH public relations department,tel: 0116-257 3100. Symposium goes back to basicsOn 1 Jun 2001 in Personnel Today Related posts:No related photos.last_img read more

Goldman Sachs, Wells Fargo leading $2.25B refi of One Vanderbilt

first_img Email Address* Full Name* goldman sachsNewmarkReal Estate FinanceSL Green Realtywells fargo Message* Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlinkcenter_img Tags From left: Wells Fargo’s Charles Scharf, SL Green’s Marc Holliday, Goldman Sachs’ David Solomon and One Vanderbilt (Getty)Goldman Sachs and Wells Fargo are leading a massive refinancing of One Vanderbilt that will allow developer SL Green Realty and its partners to cash out hundreds of millions of dollars from the newly completed Midtown skyscraper.The banks are heading a consortium of lenders putting together a debt package for the 58-story, Grand Central-area tower to the tune of roughly $2.25 billion, sources familiar with the financing told The Real Deal.It’s set to be one of the largest single-building commercial real estate loans in New York history. And it will provide a major windfall for the Marc Holliday-led real estate investment trust and its partners at a time when equity investors are still skittish about Manhattan office properties while cheap debt fueled by low interest rates is in abundant supply.Representatives for Goldman Sachs and Wells Fargo did not immediately respond to requests for comment. The REIT and its partners are being advised on the financing by a Newmark team led by Dustin Stolly and Jordan Roeschlaub, who declined to comment.In an earnings release published Wednesday afternoon, SL Green alluded to a large upcoming refinancing at the building.On Saturday, SL Green sent the following statement to TRD: “As stated in this week’s earnings release, we anticipate a refinancing of One Vanderbilt in excess of $2.25 billion, which we intend to secure without a broker working with our institutional financial partners. The exact proceeds of the financing have yet to be determined.”The financing package is expected to close in June. The lenders plan to securitize the debt into a huge single-asset, single-borrower CMBS deal, generally reserved for blue-chip buildings.SL Green and its partners – National Pension Service of Korea and Hines – opened the 1.7 million-square-foot One Vanderbilt in September, and as of January it was roughly 73 percent leased.The building is anchored by TD Bank and other tenants include the Carlyle Group, Greenberg Traurig, McDermott Will & Emery, Oak Hill Advisors, Hodge Ward Elliott and KPS Capital Partners. SL Green is also headquartered at the property.In 2016, Wells Fargo led a consortium that provided SL Green and its partners with a $1.5 billion construction loan for the Kohn Pedersen Fox-designed skyscraper. As of this past December, the balance on that loan stood at roughly $1.2 billion. So with a $2.25 billion refinancing, SL Green and its partners could cash out more than $1 billion in proceeds from the transaction.It would be a huge success story coming at a time when New York, buoyed by high vaccination rates, is coming back to life. And despite the ups and downs in the investment-sales market – SL Green achieved strong pricing last year when it sold 410 Tenth Avenue for $935 million, while competitor Vornado Realty Trust pulled a pair of buildings in San Francisco and New York due to lackluster interest – the debt markets have remained comparatively strong through most of the pandemic. Office occupancy rates, however, remain at historic lows – The Partnership for New York City surveyed companies in early March and found that just 10 percent of Manhattan office employees had returned to the workplace.SL Green in 2020 projected One Vanderbilt could be valued somewhere between $4.5 billion and $5.1 billion by 2024. That would place a $2.25 billion mortgage at 44 to 50 percent of the property’s value.Few properties in New York City have landed financing packages of this size. In 2017, Boston Properties received a $2.3 billion loan for the General Motors Building.Contact Rich Bockmann Share via Shortlinklast_img read more

Experimental protocol for sea level projections from ISMIP6 stand-alone ice sheet models

first_imgProjection of the contribution of ice sheets to sea level change as part of the Coupled Model Intercomparison Project Phase 6 (CMIP6) takes the form of simulations from coupled ice sheet–climate models and stand-alone ice sheet models, overseen by the Ice Sheet Model Intercomparison Project for CMIP6 (ISMIP6). This paper describes the experimental setup for process-based sea level change projections to be performed with stand-alone Greenland and Antarctic ice sheet models in the context of ISMIP6. The ISMIP6 protocol relies on a suite of polar atmospheric and oceanic CMIP-based forcing for ice sheet models, in order to explore the uncertainty in projected sea level change due to future emissions scenarios, CMIP models, ice sheet models, and parameterizations for ice–ocean interactions. We describe here the approach taken for defining the suite of ISMIP6 stand-alone ice sheet simulations, document the experimental framework and implementation, and present an overview of the ISMIP6 forcing to be used by participating ice sheet modeling groups.last_img read more

GoCompare board rejects offer by ZPG to buy company

first_imgZPG has confirmed it has made an offer to buy insurance, mortgages and loans comparison site GoCompare.com but, after the deal was leaked yesterday, is now “considering its position”.Both ZPG, the parent company of Zoopla and PrimeLocation, and GoCompare have confirmed that ZPG made an unsolicited offer to buy the comparison website at £1.10 a share to be paid for in ZPG shares, valuing it at £460m.“This was unanimously and unequivocally rejected by the Board which believed that it fundamentally undervalued the business and its prospects,” a GoCompare statement says.“Since May, [we have] delivered H1-2017 results which were ahead of expectations.”GoCompare also says the offer, which was made last waeek, represented a discount on the value of the company based on its 11 October 2017 share price of £110.5p, although the offer was considerably higher than its later share price of 0.95p on 7th November.Opportunistic offer“ZPG’s Proposal is highly opportunistic and fundamentally undervalues the Company and its prospects,” says the comparison website’s Chairman Sir Peter Wood  (pictured, below).GoCompare only recently demerged from motor and home insurance specialist Esure after which, in November 2016, its share price stood at 74.5p valuing the company at £310m.The attempted acquisition by ZPG follows its recent purchase of money.co.uk, another comparison website similar to GoCompare.But any purchase of – or merger with – GoCompare would most likely to be referred to the Competition and Mergers Authority (CMA) as ZPG already also already owns another comparison website, uSwitch.ZPG has a habit of buying rivals – earlier this year its purchase of software firm ExpertAgent was referred to the CMA because ZPG already owned another agent software provider,  Property Software Group. That deal was approved in June.New agentZPG has also revealed that it has signed up South of England, 15-branch agency Henry Adams to its portals. The agency is based in Chichester but has branches in other parts of West Sussex as well as in Surrey and Hampshire. It also lists on OnTheMarket and Rightmove.“We wish to gain maximum exposure for our properties and apart from the quality of the ZPG websites, we were also attracted back by their comprehensive range of products and services which complement our brand perfectly,” says Philip Jordan, Chief Executive of Henry Adams (pictured right).“We are looking forward to working with the team to maximise value, for both our brand and our clients.”GoCompare Competition and Markets Authority Zoopla ZPG November 15, 2017Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » GoCompare board rejects offer by ZPG to buy company previous nextGoCompare board rejects offer by ZPG to buy companyBoth companies are forced to reveal details of the attempted deal after it was leaked yesterday, valuing GoCompare at £460m.Nigel Lewis15th November 201701,751 Viewslast_img read more

UE Announces Dates of Annual Engineering Summer Camps

first_imgPosted: Tuesday, December 22, 2015The College of Engineering and Computer Science at the University of Evansville has announced the dates for its annual engineering OPTIONS summer camps. Participants in these programs will gain a better understanding of what types of opportunities are available in fields most closely related to science, technology, engineering, and mathematics (STEM).Engineering OPTIONS for High School Girls Career ExplorationSunday, June 12 – Friday, June 17This summer career exploration program is a week-long residential opportunity at UE for high school girls currently in grades 9, 10, or 11 who have completed geometry.Engineering OPTIONS for Middle School Boys Career ExplorationMonday, June 6 – Friday, June 10This summer career exploration program is a week-long day camp opportunity at the UE for middle school boys currently in grades 6, 7, or 8.Engineering OPTIONS for Middle School Girls Career ExplorationSunday, June 19 – Wednesday, June 22This summer career exploration program is a 3 ½ day residential opportunity at UE for middle school girls currently in grades 6, 7, or 8. UE Announces Dates of Annual Engineering Summer Camps FacebookTwitterCopy LinkEmailSharelast_img read more

TUESDAYS “READERS FORUM”

first_imgWHAT ON YOUR MIND TODAY?FOOTNOTES: Our next “IS IT TRUE” will be posted on this coming WEDNESDAY ?Todays” Readers Poll” question is: Do you feel that CORE becoming active once again will hold our elected officials accountable?Please take time and read our newest feature articles entitled “HOT JOBS” and “LOCAL SPORTS” posted in our sections.If you would like to advertise in the CCO please contact us City-County [email protected] 2015 City County Observer. All rights reserved. This material may not be published, broadcast, rewritten or redistributedFacebookTwitterCopy LinkEmailSharelast_img