A CAP Resources Limited (ACAP.bw) 2017 Annual Report

first_imgA-Cap Energy Limited (ACAP.bw) listed on the Botswana Stock Exchange under the Mining sector has released it’s 2017 annual report.For more information about A-Cap Energy Limited (ACAP.bw) reports, abridged reports, interim earnings results and earnings presentations, visit the A-Cap Energy Limited (ACAP.bw) company page on AfricanFinancials.Document: A-Cap Energy Limited (ACAP.bw)  2017 annual report.Company ProfileA-Cap Energy Limited formerly (A-Cap Resources Limited), listed on the Botswana Stock Exchange, is an Australian-based mineral exploration company with extensive interests in Botswana where it holds over 5 000 square kilometres of exploration licenses. A-Cap is the first company to produce a JORC compliant uranium resource in Botswana and is a significant contributor to the world’s uranium stock. Its main activity is centered on the ongoing feasibility study of the Letlhakane Uranium Project in the northeast of Botswana, and the Southern Pans Project which is located northwest of Letlhakane and the Bolau Prospects to the north. A-Cap also has extensive interests in coal exploration with various tenement portfolios in Botswana.last_img read more

Summertime Housing / SeARCH

first_img Other Participants:Uda Visser, Marijn Mees, Andrea VerdecchiaClient:AM developmentCity:AmsterdamCountry:The NetherlandsMore SpecsLess SpecsSave this picture!© Ossip van DuivenbodeRecommended ProductsEnclosures / Double Skin FacadesRodecaRound Facade at Omnisport Arena ApeldoornMetallicsStudcoWall Stop Ends – EzyCapMetallicsKriskadecorMetal Fabric – Outdoor CladdingEnclosures / Double Skin FacadesAlucoilStructural Honeycomb Panels – LarcoreText description provided by the architects. The ZuidAs business district is pursuing the development of a lively residential area. The ‘Summertime’ apartments contribute to this with its human scale dimensions and playful appearance. Save this picture!Scheme 01Save this picture!Scheme 02Save this picture!Scheme 03‘Summertime’ consists of two pixelated towers. By stacking and shifting apartments as three-dimensional ‘Pixels’ SeARCH was able to maximize views, sunlight and privacy within a high-density urban environment. This clever offsetting of spaces stretches the relative distance between apartments, offers a large variety of outdoor space and increases the individual readability of the apartments. All while staying within the constraints of the urban plan.Save this picture!Courtesy of SeARCHSave this picture!AxonometricSave this picture!Courtesy of SeARCHSpread across the two towers are 197 rental apartments, mostly for the middle-income segment. An interior atrium provides a generous naturally-lit entrance with subtly coloured balustrades wrapping the 10 floor high void. At ground level 1100 m2 of public space will be realized along with commercial space and a nursery. And below ground a parking garage with a capacity for 150 cars connects the two towers.Save this picture!Ground Floor PlanColoured ceramic walls line the large entrance portal. The patterns are inspired by former Dutch bank notes, specifically the golden sunflower of the 50 Guilder and the light house of the 250 Guilder. The exterior facade is animated by the coloured glass balustrades of each apartment. Hues of pink and yellow form a gradient across the building and bring liveliness to the grey office-building dominated surroundings.Save this picture!Courtesy of SeARCHThis project embraces sustainability measures such as alternative energy generation, low temperature heating, grey water recycling and green roofs, meeting the high standard pursued by the municipality of Amsterdam.Save this picture!Courtesy of SeARCHProject gallerySee allShow lessMSR House / Brengues Le Pavec architectesSelected ProjectsParis Longchamp Racecourse / Dominique Perrault ArchitecteSelected ProjectsProject locationAddress:George Gershwinlaan, 1082 LS Amsterdam, The NetherlandsLocation to be used only as a reference. It could indicate city/country but not exact address. Share “COPY” Lead Architects: Save this picture!Courtesy of SeARCH+ 19Curated by María Francisca González Share “COPY” Manufacturers: St-Joris, Strating, Vanceva, Metalmerk CopyApartments•Amsterdam, The Netherlands CopyAbout this officeSeARCHOfficeFollowProductsGlassConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousingApartmentsAmsterdamThe NetherlandsPublished on May 02, 2018Cite: “Summertime Housing / SeARCH” 02 May 2018. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogAluminium CompositesTechnowoodWood Siding in KSR Villa BodrumRailing / BalustradesMitrexIntegrated Photovoltaic Railing – BIPV RailingMetal PanelsAurubisCopper Surface: Nordic DécorWindowsAir-LuxSliding Window – CorneringWoodBruagRoom Acoustics – Interior Cladding PanelsSinksBradley Corporation USASinks – Frequency® FL-SeriesMetal PanelsTrimoInternal Walls – Trimoterm, Qbiss OneGlassSolarluxWintergarden – SDL Akzent plusSystems / Prefabricated PanelsInvestwoodCement Bonded Particle Board – VirocPaintKEIMMineral Paint in Hunters Point LibraryCabinetsburgbadMid-Height Cabinet – EssentoSignage / Display SystemsGlasbau HahnMuseum Display CasesMore products »Save想阅读文章的中文版本吗?夏日住宅 / SeARCH是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream The Netherlands Year:  Apartments ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/893509/summertime-housing-search Clipboard ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/893509/summertime-housing-search Clipboard Constructor: Architects: SeARCH Area Area of this architecture project Photographs ArchDaily Photographs:  Ossip van Duivenbode Manufacturers Brands with products used in this architecture project Bjarne Mastenbroek 2016 BAM Summertime Housing / SeARCH Area:  26800 m² Year Completion year of this architecture project Projects Summertime Housing / SeARCHSave this projectSaveSummertime Housing / SeARCHlast_img read more

Recession in Ireland hits fundraising

first_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis  30 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tagged with: credit crunch Giving/Philanthropy Ireland recession About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Recession in Ireland hits fundraising The deepening economic gloom in Ireland is beginning to be felt in the charity sector, according to reports in the media and from some charities. Already one of the most high profile charity balls in Ireland has fallen victim to the Irish recession.The Irish Times says that next year’s Toothfairy Ball has been cancelled and the million-plus it raised for three charities, including Adi Roche’s Chernobyl Children’s Project, will be a big loss.“Even last June, I felt the auction was like pulling teeth. There was no money in the room,” said Roche. As a result, the charity will have to dip into its emergency reserves for the first time in its existence.It is also understood that a number of major Irish charities are considering a public appeal to ask donors not to cut back on their charitable giving. This is in response to a decline in income with a number of events and appeals.From the late 1990s to last year many Irish charities experienced significant income growth in parallel with the boom in the Irish economy and many fear that the recession will have a direct impact on their fundraising.Some charities in the social welfare area fear a double whammy of declining fundraising and government cut backs in their grant income. Howard Lake | 8 October 2008 | Newslast_img read more

Irish cancer charity’s income down 30%

first_imgIrish cancer charity’s income down 30% About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. One of Ireland’s highest profile cancer charities, the Marie Keating Foundation, saw its income drop 30% last year. Income declined from €1.96 million in 2007 to €1.37 million in 2008.The fall in income, however, may be more a product of the Foundation’s good performance in 2007 than a downward trend, as income in 2005 and 2006 was around €1.3 million.The results for 2008 were also qualified by the charity’s auditors, PricewaterhouseCoopers (PwC), who said the audit was limited in scope as a result of difficulties establishing income from fundraising events, according to reports in the Sunday Tribune. Advertisement Tagged with: Giving/Philanthropy Ireland recession Research / statistics  22 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThiscenter_img Howard Lake | 3 December 2009 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis A qualified opinion is issued by an independent auditor when the scope of the audit has been restricted in some manner or the financial records have departed from generally accepted accounting principles (GAAP).PwC said “we have been unable to satisfy ourselves that all transactions were completely and correctly recorded.”www.mariekeating.ielast_img read more

Fear of threat to broadcast media after TV channel owner’s arrest

first_img Organisation RSF_en February 4, 2021 Find out more News LebanonMiddle East – North Africa December 9, 2003 – Updated on January 20, 2016 Fear of threat to broadcast media after TV channel owner’s arrest LebanonMiddle East – North Africa Help by sharing this information Receive email alerts to go further Reporters Without Borders today warned the Lebanese authorities against obstructing press freedom following the arrest of commercial TV channel owner Tahsin Khayat, and it urged the political class not to sacrifice diversity in the news media, especially the broadcast media, in the interests of political rivalry.”The arrest of a TV station owner for apparently political reasons is a source of legitimate concern, especially as this is without precedent in Lebanon,” Reporters Without Borders secretary-general Robert Ménard said. “Although the TV station’s broadcasts were not suspended, we must be vigilant and ask the authorities to guarantee to respect its freedom, whatever the charges against its owner and the political scores to be settled,” Ménard added.Khayat, who is the owner of New Television (NTV) and a businessman opposed to the prime minister Rafic Hariri, was arrested on the orders of the military prosecutor on 5 December and was freed on bail the next day, charged with “presumed links with Israel” and “harming Lebanon’s relations with its friends.”The authorities maintain that his arrest is in no way linked to NTV’s exhaustive coverage of the Al-Medina bank fraud, but observers are concerned about the impact of this unprecedented development on the freedom of Lebanon’s broadcast media, already severely restricted in the past two years.NTV was the victim of government censorship on Jan. 1, 2003 when, under pressure from Saudi Arabia, its satellite relay was cut by the Lebanese telecommunications ministry on Prime Minister Rafic Hariri’s orders to prevent the broadcasting of a programme in which members of the Saudi opposition spoke.Another commercial station, Murr Television (MTV), was shut down for good by the media court of appeal at the end of last year, thereby silencing the only TV station linked to opposition groups that criticise Syria’s influence in Lebanon. Most observers viewed the closure as politically-motivated.center_img Forum on Information and Democracy 250 recommendations on how to stop “infodemics” January 14, 2021 Find out more Lebanese journalist found shot dead in car Follow the news on Lebanon Lebanon : Violence against reporters becoming more frequent in Lebanon News News News November 11, 2020 Find out morelast_img read more

Pretext for radio journalist’s arrest concocted by NDS and Kapisa politicians

first_img Help by sharing this information AfghanistanAsia – Pacific Organisation AfghanistanAsia – Pacific RSF_en May 3, 2021 Find out more Follow the news on Afghanistan Receive email alerts March 11, 2021 Find out more RSF asks International Criminal Court to investigate murders of journalists in Afghanistan Reporters Without Borders reiterates its call for the release of Hojatullah Mujadadi, the only journalist detained in Afghanistan. According to the latest information it has obtained, Mujadadi’s arrest by the National Directorate of Security was based on a confession extracted by force from a young man identified as Veiss, an opponent of former Kapisa governor Gholam Ghoss Abobaker and his son-in-law Mohammad Eghbal Safi, who was recently reelected to the Wolesi Jirga (national assembly).Afghanistan’s leading intelligence agency, the NDS claims that the confession implicates Mujadadi in a supposed plan by Veiss to stage a suicide bombing in the northeastern province of Kapisa. In reality, Veiss is definitely not an insurgent. He is a youth chess champion and adviser to a candidate opposed to the former governor’s family. “Force was used to make him confess and accuse Hojatullah Mujadadi,” a member of the journalist’s family said.The month before his arrest on 18 September, Mujadadi was forced to resign as national broadcaster RTA’s bureau chief in Kapisa. One of his colleagues said that, “despite (former) governor Abobaker’s insistence, he opposed the installation of military equipment inside the RTA building.”Mujadadi had been threatened on several occasions in recent months by Abobaker, an influential politician who is close to the president. He had also clashed with the ex-governor’s son-in-law, Safi, whose reelection to the Wolesi Jirga is the subject of fraud allegations.Reporters Without Borders accuses the NDS not only of arbitrarily arresting a journalist on the basis of a confession extracted by force but also of violating legal procedure. Under Afghan law, a suspect must be brought before a prosecutor within three days of arrest. The prosecutor may order him held for another 15 days for investigation – an order that may be renewed once. Only terrorism cases override these limitations.Mujadadi is one of the nominees for this year’s Reporters Without Borders press freedom prize.Mujadadi’s arrest has reinforced the fears of journalists working in the regions to the north of the capital. Ahmad Hanai, the head of an association of journalists based in the northern provinces, told Reporters Without Borders he was very concerned because precise charges had still not been brought against Mujadadi.“In the Hojatullah Mujadadi case, the NDS has not responded to our questions and has made no statement on this subject,” he said. “This arrest has demoralized journalists and we are seeing more and more self-censorship.”More information: http://en.rsf.org/afghanistan-hojatullah-mujadadi-nds-kapisa-18-10-2010,…center_img News Situation getting more critical for Afghan women journalists, report says News to go further Afghanistan : “No just and lasting peace in Afghanistan without guarantees for press freedom” News News June 2, 2021 Find out more November 3, 2010 – Updated on January 20, 2016 Pretext for radio journalist’s arrest concocted by NDS and Kapisa politicianslast_img read more

Sakharov Prize-winner Sotoudeh’s detention highlights denial of basic rights

first_img October 31, 2012 – Updated on January 20, 2016 Sakharov Prize-winner Sotoudeh’s detention highlights denial of basic rights News Receive email alerts Iran’s judiciary and prison authorities should end mistreatment of the prominent rights lawyer Nasrin Sotoudeh, Nobel peace laureate Shirin Ebadi and six human rights organizations said today. Ebadi and the rights groups also called on Iran’s authorities to allow all prisoners access to necessary medical care and family visits to which they are entitled under international human rights law.Human Rights Watch, Amnesty International, the International Campaign for Human Rights in Iran, Reporters Without Borders (RSF), the International Federation for Human Rights (FIDH), and the Iranian League for the Defence of Human Rights (LDDHI), joined by Ebadi, renewed their call on authorities to quash the peaceful activists’ convictions and release them unconditionally.“Journalists, human rights lawyers and rights defenders held solely on account of their peaceful activities – none of these people should be in prison in the first place,” said Ebadi. “Bullying a prisoner’s child or denying the person family visits and medical care only makes Iran look even worse in the eyes of the world.”Since the arrest in 2010 of Sotoudeh, a 47-year-old human rights lawyer and mother of two children, authorities have frequently held her in solitary confinement and prevented her from regularly meeting or speaking with her family. Iranian prison authorities have, in the past few months, routinely denied other political prisoners regular visits by their loved ones and access to adequate medical treatment.Sotoudeh is being treated in the infirmary of Evin prison after she initiated a hunger strike on October 17, 2012, her husband, Reza Khandan, told the rights groups. He said the hunger strike was in response to harassment of her family by the authorities and restrictions on her visitation rights. The six human rights organizations and Ebadi said: “We are seriously concerned about Nasrin Sotoudeh and point out the Iranian authorities’ responsibilities.”On October 26, 2012, the European Parliament announced that it had awarded this year’s Sakharov Prize for Freedom of Thought to Sotoudeh and the Iranian filmmaker Jafar Panahi.Khandan said that Sotoudeh initiated her hunger strike after hearing that judiciary officials had summoned her 12-year-old daughter to inform her that she would not be allowed to travel abroad. Khandan said that Sotoudeh felt “she had no choice” but to go on hunger strike to express her objection to the authorities’ harassment of her family and denial of her visitation rights. For the past three months, Evin prison authorities have prevented Sotoudeh’s children from visiting their mother face to face and severely restricted Sotoudeh’s ability to make telephone calls from prison. They have prohibited her from seeing her mother and brother for almost a year.In January 2011 a Revolutionary Court sentenced Sotoudeh to 11 years in prison and barred her from practicing law or leaving the country for 20 years after her conviction on charges of “acting against the national security” and “propaganda against the system.” An appeals court reduced her sentence to six years and a 10-year ban on travel and practicing law. Criminal and Revolutionary Courts do not have the authority under Iranian law to ban lawyers from practicing, however, as this comes under the Disciplinary Court for Judges.Evin prison officials have denied imprisoned journalists Jila Baniyaghoob and Mahsa Amrabadi regular personal visits with their husbands, who are in different prisons. Rights groups have received reports from informed sources that Baniyaghoob, who is serving a one-year sentence in Ward 350 of Evin prison, has not been permitted a visit from her husband, Bahman Ahmadi-Amoui (Ahmadi Amoee), also a journalist, since her prison term began in September 2012. Ahmadi-Amoui is serving a five-year sentence in Rajai Shahr prison, 47 kilometers west of Tehran, on charges that include “propaganda against the system” and “insulting the president.”Amrabadi is serving a one-year sentence and her husband, Masoud Bastani, also a journalist, is serving a six-year sentence, both on security-related charges including “propaganda against the state” for articles they wrote regarding the disputed 2009 presidential election. The Iranian authorities are holding Amrabadi in Evin, while her husband is in Rajai Shahr prison.Officials have denied needed medical care to two female political detainees, Bahareh Hedayat and Mahboubeh Karami. Sources told the rights groups that officials have denied Karami access to adequate psychological care for her severe and debilitating depression. A Revolutionary Court sentenced Karami to three years on national security-related charges. Hedayat was allowed to leave prison to seek medical treatment for kidney and digestive tract problems but was forced to return before she had fully recovered. She is serving a 10-year prison term on national security charges.Iranian judicial and security officials have regularly made it harder for political prisoners to exercise their right to legal counsel. Many prominent rights lawyers are serving prison sentences themselves on charges directly related to their defense of their clients, which has a chilling effect on lawyers providing services.Javid Houtan Kiyan (Houtan Kian) is serving an 11-year sentence, charged with “acting against national security.” Iranian authorities arrested Houtan Kiyan in October 2010 after he publicized the case of his client, Sakineh Mohammadi Ashtiani. In 2006 she was sentenced to death by stoning, though the resulting international attention led to suspension of her sentence.Since his arrest in September 2010, Houtan Kiyan has had minimal visitation rights but has not received adequate medical care despite suffering from a serious digestive illness.On March 4, 2012, the prominent rights lawyer Abdolfattah Soltani learned that a Revolutionary Court had sentenced him to 18 years in prison, barred him from practicing law for 20 years, and ordered him to serve his sentence in Barazjan, about 1200 kilometers south of Tehran.Prosecutors charged Soltani with “propaganda against the system,” “assembly and collusion against the state,” and “establishing an illegal group” – namely, the Center for Human Rights Defenders (CHRD), which Soltani co-founded with Ebadi. An appeals court later reduced Soltani’s sentence to 13 years but upheld the 20-year ban on practicing law.In April 2012, an appeals court upheld a nine-year sentence for another lawyer, Mohammad Ali Dadkhah, on charges related to interviews with foreign media and membership in CHRD. The court also sentenced Dadkhah to fines and flogging and banned him practicing law and teaching for 10 years. Mohammad Seifzadeh, another rights lawyer and member of CHRD, is serving a two-year sentence on similar charges, with other cases pending against him.International and Iranian law require prison authorities to provide all those held with adequate medical care. Iran’s State Prison Organization regulations state that, if necessary, detainees must be transferred to a hospital outside the prison facility. The United Nations Standard Minimum Rules for the Treatment of Prisoners require that authorities transfer all those held needing specialist treatment to specialized institutions, including civilian hospitals.Both Iranian law and international law require prison authorities to provide basic necessities to all prisoners, to allow them regular visits – including personal visits by family members, and to treat them with dignity and respect. The International Covenant on Civil and Political Rights, to which Iran is a state party, prohibits inhuman or degrading treatment or punishment. RSF_en News June 9, 2021 Find out more News IranMiddle East – North Africa Iran: Press freedom violations recounted in real time January 2020 to go furthercenter_img Organisation News Follow the news on Iran March 18, 2021 Find out more Call for Iranian New Year pardons for Iran’s 21 imprisoned journalists After Hengameh Shahidi’s pardon, RSF asks Supreme Leader to free all imprisoned journalists IranMiddle East – North Africa Help by sharing this information February 25, 2021 Find out morelast_img read more

THE ECONOMIST: Let it roar!

first_img Facebook THE ECONOMIST: Let it roar! Pinterest Previous articleNATIONAL VIEW: Fracking jobs will disappear, Pennsylvania has to manage the declineNext articleHART: Bill and Melinda Gates foundation crumbles M. Ray Perryman By M. Ray Perryman – May 9, 2021 TAGSeconomyenergygasmarketoilRay Perryman WhatsApp Ray Perryman is the head of The Perryman Group and serves as a distinguished professor at the International Institute for Advanced Studies. In a few speeches and scribblings of late, I have noted that we appear on the cusp of a new Roaring Twenties, similar to that emerging a century ago in the wake of the Spanish flu (hopefully without any expectation that I will master the Charleston). That modest projection inevitably raises the question: “If we roar like the 1920s, will we then fall through the floor like the Great Depression of the 1930s?” The answer is quite simple — No!!During the 1930s, we had neither the knowledge nor infrastructure for an effective monetary response. At the onset, the Federal Reserve was less than 20 years old with no mandate to support economic growth (until 1948). The tools that it routinely uses are largely the product of research in the ensuing decades. We now have a most competent monetary authority with proven capacity to jump into the breach.Similarly, we didn’t understand how to use fiscal policy in the early stages of the Depression. Economists generally clung to Cambridge tradition of Alfred Marshall (whose textbook from the early 1890s still dominated) which held that markets would solve any economic problem if left alone. Some outstanding scholarship in the 1930s taught us that, although among the most powerful and useful concepts ever conceived, markets are not perfect. At times, they must be helped along; at others, they must be constrained. With those realizations, the era of proactive fiscal policy was born.Despite the New Deal’s aura — and its importance to our social fabric cannot be overemphasized — it was not remotely grand enough to stem the calamity of the 1930s. That took the much greater stimulus that accompanied World War II. We have since learned the value of a well-timed fiscal surge, as is apparent at this crucial juncture of the pandemic recovery.In addition to those major advances in our understanding, there are many other elements in place now that were not around then, including, among others, financial market safeguards and circuit breakers, deposit insurance, more stable currency systems, and retirement security. We are also now a more advanced economy with countless technological breakthroughs to inform and enhance our efforts.I am not suggesting that we know everything, or even that we will apply existing knowledge perfectly. There remains much to learn, and undoubtedly our response to anything that arises will be less than optimal (it always is). I certainly feel comfortable in saying, however, that we have sufficient tools and deployed them well enough over almost a century of subsequent crises to avoid another Great Depression. If necessary, we will do so again.Simply stated, then is not now and now is not then. Let it roar!! Stay safe!!center_img Pinterest Facebook Twitter WhatsApp Twitter BusinessRay Perrymanlast_img read more

The Housing Market Heats Up

first_imgSign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago The Housing Market Heats Up  Print This Post Related Articles Demand Propels Home Prices Upward 2 days ago Home Inventory Home Prices Housing Inventory inventory shortages Realtor.com 2018-05-04 Krista Franks Brock Share Save Tagged with: Home Inventory Home Prices Housing Inventory inventory shortages Realtor.com in Daily Dose, Featured, Journal, Market Studies, News Krista Franks Brock is a professional writer and editor who has covered the mortgage banking and default servicing sectors since 2011. Previously, she served as managing editor of DS News and Southern Distinction, a regional lifestyle publication. Her work has appeared in a variety of print and online publications, including Consumers Digest, Dallas Style and Design, DS News and DSNews.com, MReport and theMReport.com. She holds degrees in journalism and art from the University of Georgia. Things always warm up in the spring, but experts are detecting record-breaking heat this year—at least in the housing market. Inventories are low, homes are flying off the market, and prices continue to rise, according to Realtor.com’s Monthly Housing Trends Report for April. The report deemed this “the hottest spring housing market on record,” and a cool-down does not appear imminent. “The dynamics of increased competition and buyer frustration are unlikely to change this spring,” according to analysts at Realtor.com. “In fact, the direction of the trend is pointing to a growing mismatch between the pool of prospective buyers and existing inventory.” The hottest market in the nation is Midland, Texas, according to Realtor.com, which compared the 300 largest metro areas. Midland was followed by Boston-Cambridge-Newton, Massachusetts-New Hampshire; San Francisco-Oakland-Hayward, California; Columbus, Ohio; and Vallejo-Fairfield, California. Four of the 10 hottest housing markets are located in California.Nationally, the median list price was up 8 percent over the year in April and 3 percent since March. The national median listing price in April was $290,000. Of the 300 largest metros in the nation, 180 posted yearly price gains in April, leading Realtor.com to say, “the damage has been done and the majority of markets are unlikely to see improvements any time soon.”Homes continued to sell with increasing speed in April, with a 5 percent drop in the median age of inventory from last year and a 9 percent drop from the previous month. The median age of housing inventory in April was just 59 days. On the other hand, the market experienced a hint of relief from the pervasive heat in April’s inventory count. While inventory declined 6 percent over the year in April, Realtor.com noted this was a slower pace than previously charted. Month-over-month, the market actually posted an increase in inventory, up 5 percent from March. At the metro level, fewer markets are experiencing declining inventory, and fewer markets posted double-digit price gains in April. The number of markets that have the “deadly combination” of double-digit price gains and declining inventory dropped from 115 in April 2017 to 62 in April 2018. “Local dynamics show the heat is being spread out more broadly than before, lighting the spark in more areas but stopping the fire in others,” according to Realtor.com. Homes sold fastest in San Jose-Sunnyvale-Santa Clara, California, where the median age of inventory is just 19 days. The median age of inventory was shorter than 30 days in San Francisco-Oakland-Hayward California; Seattle-Tacoma-Bellevue, Washington; Salt Lake City, Utah; and Ogden-Clearfield, Utah. The oldest inventory is in Bangor, Maine, where the median age of inventory is 159.5 days. Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img Home / Daily Dose / The Housing Market Heats Up Subscribe About Author: Krista Franks Brock Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago May 4, 2018 13,250 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Previous: Industry Icon Robert Klein Passes Away at 65 Next: In a Tough Buyer’s Market, Ownership is Still Rising Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

Policymakers ‘Learned Lessons’ from Great Recession in Stimulus Package

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Home / Daily Dose / Policymakers ‘Learned Lessons’ from Great Recession in Stimulus Package in Daily Dose, Featured, Government, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The U.S. Senate approved a $2 trillion COVID-19 relief package on Wednesday and is set for House vote on Friday as the federal government looks to combat the impact of the virus. The bill was approved in the Senate unanimously—96-0—and Senate Majority Leader Mitch McConnell (R-Kentucky) called the vote a “proud moment for the United States.” Cameron Beane, Head of Pricing and Secondary Markets for TD Bank, said the bill will help create “helicopter money” for millions of homeowners across the U.S. “More than 3 million workers lost their jobs last week, which is staggering. The package includes stimulus payments that will put cash in the hands of many of these workers to help make ends meet and to encourage spending to support the economy,” Beane said.” This type of disbursement is often referred to as ‘helicopter money’ and it is designed to boost consumer confidence and spending as well as mitigate loan losses and the decline of broader measures of health in the U.S. economy.” One of the largest portions of the bill is that Americans who earn $75,000 in adjusted gross income would get direct payments of $1,200 each and married couples would get $2,400 each. Single Americans making more than $99,000 will be phased out of the payment plan and $198,000 for couples without children. Tendayi Kapfidze, Chief Economist, Lending Tree, said the payments to Americans will be kept to help people meeting financial obligations, especially the more than 3 million who filed for unemployment. “There is a big risk to our servicers from borrowers not sending in payments as they would still need to meet their obligations to investors,” Kapfidze said. “This is especially acute for non-bank lenders who do not have sufficient reserves in place. It was disappointing that the bill did not directly address this risk.Beane added that the stimulus gives almost $500 million worth of “unleveraged” funding power to the U.S Department of the Treasury and Federal Reserve to support businesses. “This will have a measurable impact on keeping afloat many of the entities that support the housing market—loan servicing companies, payment processing entities,” he said. “They are the backbone of the housing market infrastructure, and they play a critical role in making homeownership possible.”Holden Lewis, Home and Mortgage Expert at NerdWallet, said the federal government is making a “huge effort to prevent foreclosures brought on by COVID-19. “The $2 trillion rescue package adds $600 a week in unemployment compensation, which will help people who’ve been laid off pay their bills,” Lewis said. “On the other hand, a one-time check of up to $1,200 will not go a long way toward keeping people current on their mortgage payments.”He added people with mortgages backed by the GSEs or the Federal Housing Agency (FHA) have been given foreclosure protection by the suspension of foreclosures and evictions. “These moves show that policymakers learned lessons from the housing crash when they were slow to offer forbearances and modifications,” Lewis said. “This time, they’re going to offer forbearances right away, and Fannie and Freddie won’t even require documentation of COVID-related hardships. Later, we’ll see how supportive they are to people who need mortgage modifications.” Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Coronavirus 2020-03-26 Mike Albanese Tagged with: Coronavirus Policymakers ‘Learned Lessons’ from Great Recession in Stimulus Package March 26, 2020 1,005 Views Subscribe Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago About Author: Mike Albanese Previous: Low-End Rentals Driving Inventory Increases Next: CFPB Issues Support for Financial Institutions 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. last_img read more