Homeownership Rates Missing the Mark

first_img Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Homeownership Rates Missing the Mark Related Articles Tagged with: Housing Demand Millennial July 18, 2019 868 Views Previous: Investors Setting Their Sights on Starter Homes Next: Housing’s Impact on Economic Growth Housing Demand Millennial 2019-07-18 Mike Albanese Share Save in Daily Dose, Featured, News Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily center_img About Author: Mike Albanese Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Homeownership Rates Missing the Mark Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Potential homeownership demand in 2018 increased by just 0.66% when compared to 2017, but the homeownership rate underperformed potential demand by 8.7%, according to the First American Homeownership Progress Index (HPRI). “The homeownership rate is influenced by shifts in underlying demographic and economic factors, as well as housing market conditions. Close examination of these underlying forces can provide a more in-depth look into the changes in the homeownership rate over time,” said First American Chief Economist Mark Fleming. The HPRI reported declines in unemployment rates, income growth, rising education attainment, and a higher share of married households all aided growth in potential homeownership. Factors that contributed to the decline of homeownership demand, though, included the number of children per household, and an increase in the 30-year fixed rate mortgages. “Historically, potential homeownership demand as measured by the HPRI has mostly outpaced the actual homeownership rate, meaning the actual homeownership rate should have been higher based on the lifestyle, societal and economic trends influencing the demand for homeownership,” said Fleming. “This was largely due to demographic trends as baby boomers settled down to form households of their own.” Fleming added that there were a few distinct periods where the homeownership rate exceeded potential homeownership demand, according to the HPRI. “From 1984 to 1986 and again in 1992, the actual homeownership rate outperformed or equaled the potential demand, most likely a result of innovations in mortgage finance, and the economic boom of the 1990s,” Fleming said. “The housing crisis is also an exception to this trend, where speculation, easy access to credit and exuberance caused the actual homeownership rate to exceed potential demand as measured by the HPRI,” said Fleming. The actual homeownership rate, even while it was falling, still exceeded potential homeownership demand by nearly 7% in 2010.” The group mostly driving demand for homeownership in 2017 and 2018 was millennials (ages between 23-37). Fleming, though, added the lifestyle choices of millennials can help explain why the homeownership rate remained below potential demand. “Millennials are more diverse, more educated, and tend to marry later in life than previous generations,” Fleming said.  “Many millennials have prioritized furthering their education, thus delaying getting married and having children, which are critical lifestyle triggers to buying a first home.” The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

Jazz At Lincoln Center To Curate International Music Festival For First Time Ever This Spring

first_imgJazz at Lincoln Center is taking its world-renowned live music programming to, well, another part of the world. The acclaimed organization behind the programming of jazz events and performers at New York City’s Lincoln Center will be responsible for curating a major music event abroad for the first time in its three-decade history this spring when it helps present the 2019 lineup for the 28th annual Saint Lucia Jazz Festival. The week-long event is officially titled, 2019 Saint Lucia Jazz Festival Produced in Collaboration with Jazz at Lincoln Center, and is scheduled to take place on the Caribbean island of St. Lucia on May 5th-12th.Some of this year’s performers who were selected by the Jazz at Lincoln Center team include a mix of American jazz artists including Gregory Porter, Dianne Reeves, Catherine Russell, and Somi. The week’s worth of music events will also feature a select group of five artists in residence, including bassist Christian McBride, singer Ledisi, trumpeter Etienne Charles, bassist Russell Hall, and saxophonist/clarinetist Patrick Bartley. The five honorary artists will deliver multiple performances throughout the festival. As with tradition of the island-based music event, shows and performances will take place in various locations across the tropical destination.Related: New Orleans Jazz & Heritage Festival Announces 2019 LineupSince being formed back in 1987, Jazz at Lincoln Center continues to operate as a non-profit organization, responsible for programming the events throughout three different performance venues at Lincoln Center’s Manhattan campus, including the Rose Theater, The Appel Room, and Dizzy’s Club Coca-Cola. The organization also runs education-based initiatives as part of its yearly and seasonal schedules, and is also responsible for distributing various jazz curriculums to local high schools via its Essentially Ellington program, named of course after well-known bandleader, Duke Ellington.Jazz fans can head over to the Festival’s schedule page on the St. Lucia event website to learn more about where the various artists will be performing across the island come early May.[H/T New York Times]last_img read more

The Raconteurs Announce 2019 North American Tour

first_imgThe Raconteurs have (finally) announced a North American tour in support of their recently-announced album, Help Us Stranger, due out June 21st via Third Man Records.The Raconteurs consist of Jack White, Brendan Benson, Jack Lawrence, and Patrick Keeler, and have been largely inactive since 2012. The new record will mark the Grammy Award-winners’ first album release in more than a decade, serving as a follow-up to 2008’s Consolers of the Lonely.In addition to previously-announced U.S. festival appearances at Woodstock 50 and Railbird, as well as an upcoming international tour, The Raconteurs have confirmed new North American dates that will span from July through October, highlighted by multi-night runs at the Tabernacle in Atlanta, GA (8/21-22); Ryman Auditorium in Nashville, TN (8/29-30); and Cain’s Ballroom in Tulsa, OK (10/13-14).Tickets to the North American headline dates go on-sale to the general public on Friday, April 12th at 10 AM local time. Third Man Records Vault members will have access to the very first pre-sale starting on Tuesday, April 9th at 10 AM local time, running through Thursday, April 11th at 10 PM local time.To sign up for Vault Package #40, which features an exclusive limited edition version of Help Us Stranger on electric green/black/copper swirled vinyl and Vault-only lenticular cover art, and to gain ticket pre-sale access first here. American Express® Card Members can purchase tickets in select markets before the general public beginning Wednesday, April 10th at 10 AM local time through Thursday, April 11th at 10 PM local time. For tickets and more information on all tour dates, visit the band’s website.Every online ticket purchased in North America for the new headlining shows will include a physical copy of Help Us Stranger on CD. Fans will also have the option to upgrade their CD to the standard black vinyl LP. See below for a list of upcoming tour dates.THE RACONTEURS 2019 WORLD TOURApril 16: Powerstation – Auckland, New Zealand (SOLD OUT)April 18: Regent Theatre – Melbourne, Australia (SOLD OUT)April 20: Big Top Sydney – Sydney, AustraliaApril 22: Bluesfest Byron Bay – Byron Bay, Australia *April 24: Akasaka Blitz – Tokyo, JapanApril 25: Akasaka Blitz – Tokyo, JapanMay 25: All Points East – London, UK *May 26: L’Olympia – Paris, France (SOLD OUT)May 27: Cirque Royal – Brussels, Belgium (SOLD OUT)May 28: E-Werk – Köln, GermanyMay 30: Verti Music Hall – Berlin, GermanyMay 31: Heartland Festival – Kværndrup, Denmark *June 1: Orange Warsaw Festival – Warsaw, Poland *June 2: Best Kept Secret Festival – Hilvarenbeek, Netherlands *July 12: Masonic Temple Theatre – Detroit, MIJuly 14: Eagles Ballroom – Milwaukee, WIJuly 15: Armory – Minneapolis, MNJuly 18: WaMu Theater at CenturyLink Field Events Center – Seattle, WAJuly 19: Queen Elizabeth Theatre – Vancouver, BCJuly 21: Edgefield – Troutdale, ORJuly 23: Fox Theater – Oakland, CAJuly 26: Greek Theatre – Los Angeles, CAJuly 27: Santa Barbara Bowl – Santa Barbara, CAJuly 28: Cal Coast Credit Union Open Air Theatre – San Diego, CAAugust 10: Railbird Festival – Lexington, KY *August 11: Knoxville Civic Auditorium – Knoxville, TNAugust 12: Egyptian Room at Old National Centre – Indianapolis, INAugust 13: Stage AE (Indoors) – Pittsburgh, PAAugust 15: Agora Theatre – Cleveland, OHAugust 16: Woodstock 50 – Watkins Glen, NY *August 17: The Anthem – Washington, DCAugust 18: The Fillmore Charlotte – Charlotte, NCAugust 20: Township Auditorium – Columbia, SCAugust 21: Tabernacle – Atlanta, GAAugust 22: Tabernacle – Atlanta, GAAugust 29: Ryman Auditorium – Nashville, TNAugust 30: Ryman Auditorium – Nashville, TNSeptember 3: Red Hat Amphitheater – Raleigh, NCSeptember 6: Hammerstein Ballroom – New York, NYSeptember 7: Kings Theatre – Brooklyn, NYSeptember 9: House of Blues – Boston, MASeptember 12: Sony Centre for the Performing Arts – Toronto, ONSeptember 13: Express Live! Indoor Pavilion – Columbus, OHOctober 12: The Criterion – Oklahoma City, OKOctober 13: Cain’s Ballroom – Tulsa, OKOctober 14: Cain’s Ballroom – Tulsa, OKOctober 17: Arvest Bank Theatre at The Midland – Kansas City, MOOctober 18: The Pageant – St. Louis, MONew dates in bold* denotes festival performanceView Tour Dateslast_img read more

Faculty Council meeting held Aug. 30

first_imgOn Aug.30 the Faculty Council welcomed new members, reviewed history and policies, elected subcommittees for 2017–2018, and discussed the work of the Council in the new academic year.The Council next meets on Sept. 13. The preliminary deadline for the Oct. 3 meeting of the Faculty is Sept. 19 at 12:00 p.m.last_img

Odds & Ends: Hear Disney’s Into the Woods Early & More

first_img Krysta Rodriguez Returns to A Chorus Line Singular sensation Krysta Rodriguez is going back to her roots. The former Smash star will direct and choreograph A Chorus Line at her alma mater, the Orange County School of the Arts, October 16 through 19. Rodriguez is no stranger to the tuner—she played Bebe in the 2006 revival on the Great White Way. Visit NBCNews.com for breaking news, world news, and news about the economy Here’s a quick roundup of stories you may have missed today. Hear Disney’s Into the Woods Early We might, just might, be a little bit over-excited about the forthcoming Disney Into the Woods movie here at Broadway.com. We know we have to wait until December 25 to see the star-studded film adaptation of the Stephen Sondheim and James Lapine tuner, but it transpires that the soundtrack will be released on December 16. The best early Christmas present we could possibly wish for—we get to hear what Meryl Streep, Anna Kendrick, Chris Pine, Johnny Depp, James Corden, Emily Blunt, Billy Magnussen, Lilla Crawford and more sound like singing those songs a whole nine days before we thought we would! Meryl Streep’s Vocal Stretch Speaking of Meryl Streep (who as we know can hold a tune), the acting legend may star in a film about an opera star, Florence Jenkins, who couldn’t sing. According to the Daily Mail, the Oscar winner is in negotiations to lead the Stephen Frears-helmed movie, opposite potentially Hugh Grant as her manager. Broadway history buffs will note that Jenkins was also the subject of Souvenir, which ran on the Great White Way in 2005 starring Judy Kaye. Jim Parsons to Star in Merton of the Movies Broadway vet and Emmy and Golden Globe winner Jim Parsons will lead a one-night-only reading of George S. Kaufman and Marc Connelly’s Merton of the Movies. Directed by Scott Ellis, the Roundabout benefit event will take place on December 1 at Studio 54. Carol Burnett on Carrying Brian Dennehy Carol Burnett stopped by The Today Show on October 10 to chat with hosts Kathie Lee and Hoda about her upcoming turn in A.R. Gurney’s Love Letters. Watch below as the Emmy winner talks texting, touring and teases that she’ll have to carry co-star Brian Dennehy “all the way through” the show. You can check the pair out in person at the Brooks Atkinson Theatre, October 11 through November 7. View Commentslast_img read more

Tony Awards Poll: Which Speech Was Your Favorite?

first_img View Comments They came; they saw; they dropped mad beats and knowledge. This year’s Tony victors wowed us with words (and tears) as they received their awards. Now it’s your turn at the podium: Which acceptance speech was your favorite? Whose words will you use in yearbook quotes, Twitter bios and Instagram captions for years to come? Which address will you watch on repeat for motivation? Lin-Manuel Miranda, Cynthia Erivo and Frank Langella were just a few of our faves, but be sure to cast your vote for favorite acceptance speech below!last_img read more

Apple Computer: A New Trends Setter in Computer World

first_imgApple Computer, Inc. is an American computer technology corporation, has been a major player in the evolution of personal computing since its founding in 1976Apple develops, sells, and supports a series of personal computers, portable media players, computer software, and computer hardware accessories. The company’smost well-known products are the Apple Macintosh line of personal computers, the iPod portable music player, and the iTunes media player.Apple introduced the Lisa, the first commercial personal computer to employ a graphical user interface, which was influenced in part by the Xerox Alto.In 1984, the Macintosh (commonly called the “Mac”) was introduced, furthering the concepts of a user-friendly graphical user interface, and also introducing themouse for the first time in a personal computer.In 1991, Apple introduced the PowerBook line of portable computers, establishing the modern ergonomic form and design that has since become ubiquitous in theportable market.In the 2000s, Apple expanded their focus on software to include professional and prosumer video, music, and photo production solutions, with a view to promotingtheir computers as a “digital hub”. It also introduced iPod, a portable digital music player which has become the most popular player on the market.Apple branched out into consumer electronics. One example of this product diversification was the Apple QuickTake digital camera, one of the first digital camerasever brought to the consumer market.Apple surprised its loyalists by allying with its long-time competitor IBM and CPU maker Motorola in the so-called AIM alliance. This was a bid to create a newcomputing platform (the PowerPC Reference Platform or PReP) which would use IBM and Motorola hardware coupled with Apple’s software. As the first steptoward launching the PReP platform, Apple started the Power Macintosh line in 1994, using IBM’s PowerPC processor. This processor utilized RISC architecture.Apple introduced a new all-in-one Macintosh reminiscent of the original Macintosh 128K: the iMac. it featured an innovative new translucent plastic exterior,originally in white and Bondi Blue, but later many other colors. The iMac proved phenomenally successful.Apple purchased the Final Cut software from Macromedia, beginning their entry into the digital video editing market. IMovie was released in 1999 for consumers,and Final Cut Pro, a significant video editing program was released for professionals in the same year.In later, Apple introduced Mac OS X, the operating system based on NeXT’s OPENSTEP and BSD Unix.On now days, apple releases its first Intel chip computer, a new note book computer known as the MacBook Pro and a new iMac. A leading online resource for buying Apple Parts. Applepart.com is the online catalog for Apple Parts by DV Warehouse.Due to increase in demand for many partsin many suppliers finds it profitable to sell their products online. The online dealers have their websites, which offer information on the various types of computer partsavailable for purchase. We have tried to accumulate the most complete online catalog of accessories, components, and parts on all Apple Computer Models. No matter which Apple computer you own, you’ll find the Apple service part that you are lookingfor here. We offer Apple parts for pretty much all Apple desktop & laptop computer models including G5’s, G4’s, G3’s, and legacy Power Mac models. If you don’tfind the Apple part you are looking for don’t hesitate to call us and speak with one of our Apple parts specialist.Author: Nivea DavidFor Listing visit http://www.applepart.com(link is external) (A leading online resource for buying Apple Parts ) . You can also visit ourother site http://www.idigitals.com(link is external) which is a Custom Built Pro Workstations offering the latest in Computer Technologylast_img read more

Manchester United & Arsenal transfer target Thomas Partey available for £43.5m

first_imgPartey insists he is happy in Spain (Picture: Getty)Partey played most of the season for Atletico as a defensive midfielder, but insisted he was happy at Atletico.‘I don’t know what the future holds for me but as long as I play and they are happy with me here then there is no need flirting with others.‘So the only thing that would make me unhappy will be not playing.‘I think most footballers can understand that not playing is the greatest torture any professional footballer can go through.’MORE: Manchester United make rival move for Tottenham target Giovani Lo Celso Partey has a release clause in his contract (Picture: Getty)‘There’s a €50m (£43.5m) release clause in his contract, a figure that’s cheap for a player like Thomas.AdvertisementAdvertisement‘We’ll wait for the season to end and then we’ll see.’Some reports have claimed Partey’s representatives have been in talks with an English club over a move this summer. Coral BarrySunday 26 May 2019 12:36 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link383Shares Advertisement Commentcenter_img Manchester United & Arsenal transfer target Thomas Partey available for £43.5m Advertisement United and Arsenal want to sign Partey (Picture: Getty)Thomas Partey can leave Atletico Madrid this summer if his £43.5million release clause is met, according to the player’s agent.The midfielder has been linked with Arsenal and Manchester United this summer amid reports he could make a transfer switch to the Premier League.Partey tried to play down rumours of an impending exit last week, and his agent, Daniel Jimenez, has now spoken out about offers for the 25-year-old.‘I can say that right now, I haven’t talked to anyone, even if Inter are a top club,’ he told Passione.ADVERTISEMENTlast_img read more

With the growing acceptance of property on main roads, agents say it’s a sign of the market’s on the way up

first_imgThere’s an old valuers saying that you get one chance every 10 years to profit from main road properties, and that time is now, according to the experts.Registered Harcourts Solution valuer and property consultant Ben Anderssen said high demand for blue-chip locations had buyers compromising on position when looking to invest.“Because there’s so little supply around, you find that people are happy to look at stock on main roads because it’s available and probably it’s a bit cheaper than even looking one or two streets back,” Mr Anderssen said.He said main road properties also offered landlords a little extra return on investment. “Tenants don’t seem to care much whether the property is on a main road or not, so the rental is still up there although the (market) value is down,” he said.Mr Anderssen also said out-of-town buyers from busy capitals seemed less worried about main roads than locals, because when you were from Sydney – or even overseas – dealing with higher densities was part of everyday life.D’Arcy Real Estate principal Peter D’Arcy said the maturing of Brisbane as a capital city meant residents were coming to terms with traffic.“In the inner city now it’s hard to get a street that doesn’t have much traffic,” he said. “There’s a lot of rat running going on … a lot more traffic, so the differential is not as wide as maybe 10 years ago, and certainly main roads aren’t as hard to sell as they were 10 years ago.”Mr D’Arcy said a rise in buyer acceptance of main roads was a signpost the market was on the way up.“I always think the market changes when all the old stock starts selling and/or if properties come on and they’re main road, and they go quickly,” he said.Katherine and Shane Zanow recently sold their Waterworks Rd home in Ashgrove in just one week.Their circa 1930s double-gable, three-bedroom, one-bathroom Ashgrovian is in the suburb’s “Avenues” enclave.Known for great school catchments, wide leafy streets and large allotments, it’s a typical blue-chip, inner-ring location that’s attracting an abundance of interest.More from newsMould, age, not enough to stop 17 bidders fighting for this home1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor7 hours ago“We had a big response on our first open house – we had 11 groups through – and we had more than one offer as well,” Mrs Zanow said.“We had her negotiating within 15 minutes of the first open house finishing, and we were under contract within two and a half hours.“We were never concerned at any stage that we weren’t going to sell, and never concerned that we would not get our money back.”Mrs Zanow said the stigma of main roads was also being alleviated by technology, with the ability to soundproof homes in million-dollar locations for less than $25,000. “You would close the door and then that was it – the world would disappear and you couldn’t hear anything,” she said.Mrs Zanow said their future plans could include another main road holding in Ashgrove. “We have every intention of coming back in to this area and buying an investment property, and in no way, shape or form would we be put off buying on a main road,” she said.last_img read more

Underground relies on private finance

first_imgNEXT MONTH Britain’s Department of the Environment, Transport & Regions is due to receive a report from accountants Price Waterhouse giving ’financial advice on a range of possible options for public-private partnerships for the London Underground’. The review was ordered by the new Labour government in June, and when the contract was awarded on July 23, Price Waterhouse was asked to take the work forward ’as a matter of urgency’. The government is anxious to boost spending on the Underground to overcome a backlog of heavy renewals.London Transport is continuing to work on two projects being arranged under the former Conservative administration’s Private Finance Initiative. On August 1 LT announced that it was to start final negotiations with the Transys consortium for the Prestige smart-card ticketing project. The only bidder from a shortlist of four, the consortium of EDS, Cubic Corp, ICL and W S Atkins has offered to invest £180m in re-equipping all Underground stations and around 6000 buses. Transys hopes to sign the contract in October.Three days later, CityLink Telecommunciations and a GPT consortium submitted final bids for London Underground’s Connect project to install and operate a range of network-wide radio communications. The bids must be evaluated against a Public Sector Comparator to ensure value for money, but LU hopes to choose a preferred bidder in December and award the contract next spring. olast_img read more