Home Prices Accelerate, But Not Everywhere

first_imgHome / Daily Dose / Home Prices Accelerate, But Not Everywhere Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago May 29, 2018 1,812 Views Demand Gains Homes HOUSING Housing Boom HPI Prices Realtor.com S&P CoreLogic Case-Shiller Home Price Index Supply Trulia 2018-05-29 Radhika Ojha About Author: Radhika Ojha Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Market Studies, News Related Articles Tagged with: Demand Gains Homes HOUSING Housing Boom HPI Prices Realtor.com S&P CoreLogic Case-Shiller Home Price Index Supply Trulia Home prices continue to rise, according to the latest S&P CoreLogic Case-Shiller Indices for March 2018 that were released by S&P Dow Jones Indices on Tuesday. The data on the U.S. National Home Price NSA Index covered by these indices indicated that, nationally, home prices reported a 6.5 percent annual gain in March, remaining unchanged over the gains reported in February 2018. The 20-City Composite Index also remained unchanged and posted a 6.8 percent gain year-over-year. The 10-City Composite Index grew from 6.4 percent in February 2018 to 6.5 percent in March.The year-over-year gains on the 20-City Composite were led by Seattle, Las Vegas, and San Francisco with double-digit increases. According to the Index, while Seattle reported a year-over-year price increase of 13 percent, Las Vegas and San Francisco reported price gains of 12.4 percent and 11.3 percent, respectively. The report found 12 of the 20 cities reported “greater price increases in the year ending March 2018, versus February 2018.”“While Seattle has been the city with the largest gains for 19 months, the ranking among other cities varies,” said David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices. “Las Vegas and San Francisco saw the second and third largest annual gains of 12.4 percent and 11.3 percent. A year ago, they ranked tenth and sixteenth. Any doubts that real, or inflation-adjusted, home prices are climbing rapidly are eliminated by considering Chicago; the city reported the lowest 12-month gain among all cities in the index of 2.8 percent, almost a percentage point ahead of the inflation rate.”Even though Seattle showed the highest price increase during the month, the gains are widespread according to Danielle Hale, Chief Economist at Realtor.com. “All 20 cities saw price gains with the smallest in Chicago, Washington, D.C., and Cleveland,” Hale said. “Despite the trend of rising prices, a look at preliminary Realtor.com May housing data shows that listing price growth slowed in May. This could signal slower growth in home sales prices in the months ahead—a good turn of events for buyers.”Be that as it may, buyers will still have to contend with low housing supply this summer, which has also contributed to the growth in home prices. “Rising home prices continued in March amid strong economic conditions for would-be home buyers; unemployment remained low and job growth steady,” said Cheryl Young, Senior Economist at Trulia. “These strong consumer fundamentals drove demand as peak home buying season ramped up. Robust demand paired with abysmally low inventory contributed to surging home prices.” Young also pointed out to rising mortgage rates that could make this summer a tough season for potential homebuyers. “As if increasing home prices weren’t enough—beleaguered would-be homebuyers faced mortgage rates hitting four-year highs.”Blitzer agreed though he pointed out that compared to the price gains of the last housing boom in the 2000s things were much calmer. “Months-supply, which combines inventory levels and sales, is currently at 3.8 months, lower than the levels of the 1990s, before the housing boom and bust,” he said. “Until inventories increase faster than sales, or the economy slows significantly, home prices are likely to continue rising.” Previous: The Industry Pulse: Updates on Roundpoint, CoreLogic, and More Next: Ocwen CFO Resigns—Here’s What’s Next for the Servicer Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home Prices Accelerate, But Not Everywhere Servicers Navigate the Post-Pandemic World 2 days ago Share Save The Week Ahead: Nearing the Forbearance Exit 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 Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Subscribelast_img read more

TVA to consider closing two more coal plants

first_img FacebookTwitterLinkedInEmailPrint分享Utility Dive:The Tennessee Valley Authority (TVA) Board of Directors approved a 1.5% rate hike on Wednesday, along with a $10.5 billion budget for the upcoming fiscal year, but most importantly announced they would review its generation fleet with an eye towards shutting down older coal plants.According to S&P Global, the review will first focus on two older, low-efficiency coal plants: the 950 MW Bull Run unit and 1,150 MW Paradise Unit 3.TVA has six coal plants in operation, with 26 units. Coal makes up about 25% of its generation fleet capacity, down from almost 60% a decade ago.Although the utility is working to close less-efficient plants, coal will remain a significant part of its operations for at least the next decade. Looking out to 2027, based on the 2018 budget, the utility expects coal to still make up more than 20% of its portfolio.More: TVA to raise rates, will consider closing older coal plants TVA to consider closing two more coal plantslast_img read more

March Madness 2019: Michigan State won’t stop fighting for No. 1 seed till brackets released

first_imgCHICAGO — The opponent on this day was Ohio State, but the teams Michigan State will fight against most furiously as the Big Ten Tournament advances actually were eliminated before the Spartans began competing.Illinois was the last team to lose in Thursday’s second round. Indiana was the first. They are responsible for half of the defeats on the Spartans’ resume, and it is those games that likely will keep Michigan State from claiming a No. 1 seed in the 2019 NCAA Tournament. The Spartans also did not have good fortune in their nonconference schedule. They entered a tournament in Las Vegas loaded with big names, but their opponents in that event, UCLA and Texas, finished with a combined 33-32 record. North Carolina was in that field, and the Tar Heels tied for the ACC title. But they stumbled against UT and Michigan State missed the chance to play them.A championship-game shot at Michigan or Purdue in this tournament would provide the opportunity for another high-quality victory. Whether that comes too late is for the committee to decide.“We try to make it simple. We kind of just want to take every game to get better, not put too much pressure on ourselves,” center Xavier Tillman told SN. “And think, ‘OK, this has to prepare us for the championship.’ If we make a mistake, we want to go back and watch it, break it down and see how we can fix it.” MORE: Sporting News’ March Madness CenterAs long as the word “likely” is embedded in that sentence, however, Michigan State will attempt to continue its climb. The culture coach Tom Izzo has created through a quarter-century and now — yes, now, on this day — 600 victories will permit no course other than the one toward excellence.“Coach Izzo doesn’t hold back on that,” assistant coach Dane Fife told Sporting News. “Everything is geared to winning a championship, and getting better.”The 77-70 margin of MSU’s victory on Friday at the United Center makes it seem this was a struggle, but the lead was as many as 21 points before Ohio State put on an ornamental rally in the final minutes. MSU got 18 points and five assists from All-America point guard Cassius Winston, but perhaps more important to the goal of surviving through this weekend were the 14 point and 18 minutes delivered by freshman backup point guard Foster Loyer, both of those figures career bests.“This was our goal at the beginning of the year. We set out to win a Big Ten championship and a tournament championship,” senior forward Kenny Goins told SN. “We accomplished one goal, but we’re not done yet. We’ll keep pressing for that second title.”He said the question of their NCAA seed comes up “a little bit, but right now we’re just focused on getting this title.”The Spartans know what they let slip in the two Indiana games and their road trip to Illinois. Fortunately for them, it was not the Big Ten regular-season championship, which they coveted and were able to claim by completing a sweep of rival Michigan on the final weekend.But the best team in the nation’s best league fell to teams that probably (Indiana) and definitely (Illinois) won’t make the NCAA field. Part of that equation is the Big Ten is the best league because it is the deepest league. Even the teams that finished ninth and 11th were capable of defeating quality opposition.MORE: Top 80 upsets in March Madness historyThe Spartans could have done better and probably should have done better. But look at what they did.Here are the No. 1 seed candidates broken down by Quadrant 1 victories…12: Michigan State, Virginia10: North Carolina, Kentucky9: Duke7: Tennessee4: Gonzaga…and by Quadrant 1 and 2 combined:17: Michigan State, North Carolina15: Duke, Kentucky14: Virginia13: Tennessee10: GonzagaFour of MSU’s victories were against opponents ranked in the NET top 20. Virginia had three entering its ACC semifinal game against Florida State, which is ranked 19th.MORE: WIth Winston, Big Ten was always MSU’s to loseMichigan State has the disadvantage of playing in a league whose tournament championship game is scheduled for Sunday afternoon. It is difficult for the selection committee to factor those results into its seeding, except perhaps in the case of two teams whose seed lines could be interchangeable. The Big Ten doesn’t have another clear No. 1 seed candidate.last_img read more