Forecast Calls for Modest Growth in Home Sales for 2015

first_img Forecast Calls for Modest Growth in Home Sales for 2015 December 9, 2014 1,222 Views Servicers Navigate the Post-Pandemic World 2 days ago Share Save Tagged with: Forecast Home Sales Housing Market IHS Global Insight Servicers Navigate the Post-Pandemic World 2 days ago Forecast Home Sales Housing Market IHS Global Insight 2014-12-09 Tory Barringer About Author: Tory Barringer Sign up for DS News Daily Previous: Survey: Mortgage Professionals Believe Business Is Better Than Last Year Next: DS News Webcast: Wednesday 12/10/2014 The Best Markets For Residential Property Investors 2 days ago In keeping with other recently released predictions, the latest housing forecast from market research firm IHS Global Insight calls for modest growth in home sales in 2015 following what’s been a disappointing year.In her outlook, IHS economist Stephanie Karol focuses on two major trends that have shaped the housing market in 2014: low household formation and diverging trends for new versus existing-homes.According to data from the Census Bureau, the country saw the addition of only 467,000 new households between March 2013 and March 2014, well below the post-recession average of about 600,000 per year.While formations are expected to disappoint again in 2014, Karol predicts next year will see the addition of 1.08 million new households, with economic growth driving up the rate of new formations—and demand for new housing.”As a swell in steady employment joins with rising wages, household formation should climb, boosting homeownership rates,” she said.With demand projected to rise, Karol anticipates homebuilders will respond by ramping up housing starts, closing the massive gap between existing single-family inventory and the unsold stock of new homes (which she estimates at nearly 40 to one) and boosting new home sales up to 480,000.Together, both new and existing-home sales are forecast to rise to 5.34 million annually, the result of improving home equity spurring more homeowners to sell.”As a result, inventories have expanded—and families, who are no longer being consistently outbid by investors with plenty of cash on hand, have entered the market in sufficient numbers to stabilize median price growth in the 4–5 percent range,” Karol said. “Overall, the post bubble-landscape will continue into next year, but with slightly smoother terrain.” Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington’s student newspaper before joining the DS News team in 2012. In addition to contributing to, he is also the online editor for DS News’ sister publication, MReport, which focuses on mortgage banking news. Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post in Daily Dose, Featured, Market Studies, News The Best Markets For Residential Property Investors 2 days ago Related Articles Subscribe Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / Forecast Calls for Modest Growth in Home Sales for 2015last_img read more

The Disco Biscuits Close Camp Bisco With Three Sets [Pro-Shot Video]

first_imgThe Disco Biscuits closed their annual Camp Bisco on Saturday night with a whopping three sets. After the previous two nights of festival heaven, the electronic jam band pioneers led their faithful followers through the most anticipated part of the weekend with several hours of improvised jamming within the compounds of their favorited compositions.Camp Bisco Program Guide Reveals New Disco Biscuits DatesThe first set opened with “Caves of the East” into “Loose Change.” From there, “Bernstein & Chasnoff” sandwiched an inverted version of “Highwire” and “Tempest” within a monstrous extended jam. The band closed the first set with “Mulberry’s Dream.”In true Disco Biscuits fashion, the second set opened and closed with “Morph Dusseldorf,” with a non-stop run of songs including an inverted version of “Above the Waves,” “The Champions,” and “Exodus” featuring first and only special guest, guitarist Tom Hamilton–who celebrated his 15th year in a row as a musician at Camp Bisco. “Above the Waves” reappeared before the enormous second set closed with “Morph Dusseldorf.”The Disco Biscuits Launch Free Emoji App, And It’s IncredibleThe band again appeared for a third set, beginning with “Dub Dribble” and “Helicopters,” a favorited song that again emerged to close the show. Donna Summer‘s “I Feel Love” was debuted, then followed by “Tricycle” and “Air Song.”The Disco Biscuits offered a free stream of their performances throughout the weekend, so you can enjoy all three sets below: Setlist: The Disco Biscuits | Camp Bisco | Montage Mountain, PA | 7/15/17I: Caves of the East-> Loose Change, Bernstein & Chasnoff-> Highwire (inverted)-> Tempest-> Bernstein & Chasnoff, Mulberry’s DreamII: Morph Dusseldorf-> Above the Waves (inverted)-> The Champions-> Exodus (w/ Tom Hamilton)-> Above the Waves-> Morph DusseldorfIII: Dub Dribble-> Helicopters-> I Feel Love (Donna Summer, 1st time played)-> Tricycle-> Air Song-> Helicopters[photo by Dave Vann]last_img read more

Looking for life beyond Earth

first_imgCould life exist beyond our own blue planet? According to scientist Carolyn Porco, it’s certainly possible.Porco is the director of flight operations and imaging team leader for the Cassini spacecraft in orbit around Saturn. Her work involves taking detailed pictures in space, shots that offer insights into the nature of the universe, and signs of life elsewhere in the solar system.“Gorgeous” was how she described the Cassini images to a crowd at the Radcliffe Gymnasium in a talk on April 1. Her listeners agreed.There was a collective gasp from the student-filled audience as she showed a photo of Saturn taken during an eclipse of the sun. The negative-looking image revealed a sharp outline of the planet and its surrounding rings.Porco spoke as part of the Radcliffe Institute for Advanced Study Dean’s Lecture Series. The lectures are part of the institute’s Academic Engagement Programs (AEP), which sponsor projects with Harvard faculty, Radcliffe Institute fellows, and Harvard students in scholarly and research endeavors.The Cassini mission, which began in 1997, has been studying Saturn and its diverse system of moons, sending back stunning images and even evidence that life could exist 932 million miles from Earth.Some of the mission’s highlights involve analysis of Saturn’s rings, their makeup, the gaps between them, and little “moonlettes.” The study of such moonlettes and the gaps they influence provides a “giant touchstone” for understanding how planets are formed, noted the scientist, who also discussed two of the planet’s moons in detail, Titan and its much smaller counterpart, Enceladus.With Titan having an atmosphere vaguely similar to the Earth’s, including the presence of molecular nitrogen, as well as a troposphere and stratosphere, researchers were eager to get a closer look at the large moon in orbit around Saturn. They did, with the help of Huygens, a European-designed probe that landed on Titan’s surface in 2005. The event was worthy of a ticker tape parade, said an emotional Porco, who recalled seeing grown men brought to tears when the probe landed.“This was like a Jules Verne adventure come true,” said Porco. “It was the day humanity landed a device of our making in the outer solar system.”The images sent back from the probe were “outrageously easy to interpret,” said Porco, and included shots of a branching “dendritic drainage pattern” on the moon’s surface, one that only could have been formed by the flow of liquids. There also were photos of mountainous regions and a series of dunes.The data revealed that Titan “was alien and exotic and yet strangely Earth-like” in its geological and geographical complexity.On the small, icy moon Enceladus, “the mother lode of all discoveries was discovered at the South Pole,” said Porco. She described Cassini’s findings of elevated temperatures in the moon’s polar region, as well as an enormous plume of icy particles shooting tens of thousands of kilometers into space.Analysis of the icy trail, which includes water vapor and trace amounts of organic materials such as methane, carbon dioxide, and propane, suggests it is fueled by geysers erupting from a pocket of salt water within the moon.The findings, noted Porco, point to the possibility of  “an environment where life itself might be stirring.”“Should we ever discover that a second genesis had occurred in our solar system, independently outside the Earth,” she added, “then I think at that point the spell is broken. The existence theorem has been proven, and we could safely infer from it that life was not a bug but a feature of the universe in which we live, that it’s commonplace and has occurred a staggering number of times.”last_img read more

5 deals that have to happen before the transfer window closes

first_imgWith each passing second, the transfer window edges closer to slamming shut for another summer. Teams are keen to get their deals pushed over the line in time, with some requiring strengthening more than others in set positions. With that in mind, have identified five teams and the players they should sign to bolster their squads sufficiently before time runs out.CHELSEA – JOHN STONESMuch has been written about John Stones (above, pictured) in recent weeks, with a deal taking him from Everton to Chelsea tipped to be completed before the close of the window. The young centre-back this week reportedly handed in a transfer request to force a move to Stamford Bridge in what is looking increasingly likely to be an unamicable ending to the relationship between player and club. Despite the constant speculation over Stones’ future, the 21-year-old has still gained a respectable rating of 7.28 as he continues on his path to becoming one of England’s finest centre-backs. Chelsea are understandably keen for him to maintain his development at Stamford Bridge given their lackadaisical start to the season. The Blues have conceded more shots on target (24) than any other team in the Premier League this season, while only Sunderland (8) have shipped more league goals than the defending champions (7). For a team that had the best defensive record in England’s top tier last term, the lack of solidity is a concern, with Jose Mourinho keen to rectify the issue with the signing of Stones.EVERTON – NICOLAS N’KOULOUStones’ rumoured exit could kick start a transfer merry-go-round, in which Everton must be primed and ready to go. The Toffees have only two senior centre-backs on the books in the form of Phil Jagielka and Stones, though with the latter likely to leave, Roberto Martinez requires reinforcements at the back. Instead of bringing in sub-standard replacements for Stones, the Toffees boss must go all out to cover his departure.As such, Everton would be wise to use the funds gained from a Stones move to Chelsea to bid for Nicolas N’Koulou. Marseille would hate to lose their star centre-back, but for the right asking price, may be forced into selling the Cameroon international. Since the beginning of last season, N’Koulou (90.9%) boasts a relatively similar pass success rate to Stones (89.4%), with the duo’s preference to play the ball out from the back appealing to Martinez. The 25-year-old’s leadership qualities would be a boost to the Merseyside outfit in their bid to improve on a disappointing season.MANCHESTER UNITED – MICHY BATSHUAYI Manchester United have been linked with their fair share of strikers this summer, but it is the one area that they are yet to strengthen. Wayne Rooney is currently the lead attacker in Louis van Gaal’s side, but has disappointed to say the least. The England international has managed just 13 touches in the opposition penalty area in 270 minutes of league action this season. Failure to hit the back of the net against Newcastle means Rooney has gone 9 league games without a goal for United and reports of a move for another forward come as little shock. While not quite the marquee singing fans might hope for, Michy Batshuayi – another player Marseille will want to keep hold of – has the potential to become one of the best strikers in Europe with the right management. Since the beginning of last season, only Zlatan Ibrahimovic (1 goal every 105.4 minutes) has netted more frequently than Batshuayi in Ligue 1 (105.7 mins) of players to score at least 5 goals. Following Andre-Pierre Gignac’s departure, the Belgian is now rightly considered first choice frontman for Marseille, but United would be wise to make a move for the young striker before the transfer window closes.ARSENAL – EDINSON CAVANILike United, Arsenal too have been strongly linked with a move for a new striker this summer, though they have added only Petr Cech to the ranks thus far. A move for Real Madrid’s Karim Benzema is dead in the water, which has seen the Gunners supposedly switch targets, with Edinson Cavani now top of the wishlist. The Uruguayan is often mentioned in the same breath as Europe’s finest frontmen, but has struggled this season, failing to hit the back of the net with any of his 9 shots in Ligue 1. Twelve goals in his final 8 domestic games of last season was form reminiscent of his Napoli days and in the Arsenal attack, Cavani could thrive, especially with the likes of Alexis Sanchez and Mesut Ozil in support. With Zlatan Ibrahimovic looking increasingly likely to stay in Paris, the 28-year-old will not want to play second fiddle to the charismatic Swede for another campaign, especially as he approaches his peak. Cavani, therefore, could be just the striker Arsenal need to fire them back to the summit of English football.TOTTENHAM – VICTOR WANYAMATottenham have strengthened the defence somewhat accordingly and have turned their attention further forward with the addition of Clinton N’Jie and reported move for Heung-Min Son, but it’s in midfield where Spurs still need investment. Eric Dier, a defender by trade, has started their three league games this season in midfield and one expects that Federico Fazio’s impending departure would signal a pursuit for a central midfielder. Christoph Kramer was a reported target prior to Charles Aranguiz’s injury, with attention since swapping to Victor Wanyama. The Kenyan has impressed in the middle of the park for Saints since signing from Celtic in 2013, though the south coast side have struggled in the wake of Morgan Schneiderlin’s move to Manchester United. Nevertheless, Wanyama has made a commendable 11 tackles and interceptions combined this term and could be the man to provide the solidity Spurs crave in the middle of the park in their bid to secure a top-four berth. –Follow Joy Sports on Twitter: @Joy997FM. Our hashtag is #JoySportslast_img read more