Distressed Sales Share 2 Years Away from ‘Normal’

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Tagged with: CoreLogic Distressed Inventory REO Share Save The percentage of residential home sales that were distressed sales (REO and short sales) fell below 10 percent in March 2016, and it is estimated that at its current rate of decline will be back to its “normal” pre-crisis level by the middle of 2018, according to data released by CoreLogic on Thursday.The distressed sales share registered at 9.9 percent in March, which represented a decline of 2.7 percentage points over-the-year, according to CoreLogic. REO sales accounted for about 6.8 percent of all residential home sales in March, while short sales accounted for about 3.2 percent. The REO share was down by 2.4 percentage points over-the-year and is less than a third of what it was at its peak (27.9 percent in January 2009). The short sale share has remained below 4 percent since the middle of 2014.The overall distressed sales share in March 2016 (9.9 percent) is less than a third of what it was at its peak in January 2009, when distressed sales accounted for nearly a third of all residential home sales (32.4 percent). At its current rate of decline, CoreLogic estimates the distressed sales share is about two years away from reaching its “normal” level.“While distressed sales play an important role in clearing the housing market of foreclosed properties, they sell at a discount to non-distressed sales, and when the share of distressed sales is high, it can pull down the prices of non-distressed sales,” said Molly Boesel, Senior Economist with CoreLogic. “There will always be some level of distress in the housing market, and by comparison, the pre-crisis share of distressed sales was traditionally about 2 percent. If the current year-over-year decrease in the distressed sales share continues, it will reach that ‘normal’ 2-percent mark in mid-2018.”All but eight states experienced year-over-year declines in distressed sales in March. The largest distressed sales share during the month were Maryland (19.8 percent), Connecticut (18.9 percent), Michigan (18.1 percent), Florida (17 percent), and Illinois (16.7 percent), while the smallest distressed sales share for March went to North Dakota (2.4 percent).Among the 25 largest core-based statistical areas (CBSAs), the ones with the highest distressed sales share in March were Baltimore (19.8 percent), Chicago (19 percent), Tampa (18.6 percent), Orlando (18.2 percent), and Newark (14.8 percent). The CBSA with the smallest cash sales share in March was Denver (2.6 percent). Servicers Navigate the Post-Pandemic World 2 days ago CoreLogic Distressed Inventory REO 2016-06-16 Brian Honea Data Provider Black Knight to Acquire Top of Mind 2 days ago 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. Previous: Housing Market Accelerates at Record Pace Next: Intercontinental Exchange Acquires Majority Interest in MERSCORP Demand Propels Home Prices Upward 2 days ago Subscribe The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / Distressed Sales Share 2 Years Away from ‘Normal’center_img Related Articles  Print This Post Servicers Navigate the Post-Pandemic World 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 June 16, 2016 1,257 Views Sign up for DS News Daily Distressed Sales Share 2 Years Away from ‘Normal’ Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, News, REO About Author: Brian Honealast_img read more

Barcelona agree to play without fans until 2021

first_img Loading… Barcelona are reportedly preparing contingency plans to play all first team games behind closed doors until February 2021. The Catalan giants have not played since their 1-0 La Liga win over Real Sociedad on March 7, due to the ongoing coronavirus lock down. Read Also: Lyon consider Barcelona director for technical secretary role This would allow fans to return to stadiums on November 15, with the 2020-21 season starting on September 15 and ending on May 31. UEFA will meet again next week, with a further update on the return of the Champions League and Europa League expected. FacebookTwitterWhatsAppEmail分享 Promoted ContentFantastic-Looking (and Probably Delicious) Bread ArtPlaying Games For Hours Can Do This To Your Body10 Risky Jobs Some Women DoThis Happy Shiba Inu Pics Will Overwhelm You With Cuteness7 Theories About The Death Of Our UniverseWorld’s Most Delicious FoodsWhy Do So Many Digital Assistants Have Feminine Names & Voices?Birds Enjoy Living In A Gallery Space Created For ThemYou’ve Only Seen Such Colorful Hairdos In A Handful Of AnimeBest & Worst Celebrity Endorsed Games Ever MadeThe Models Of Paintings Whom The Artists Were Madly In Love With5 Of The World’s Most Unique Theme Parkscenter_img La Liga and UEFA are both working on potential dates, but all scenarios are set to include games without fans at first. According to a report from La Vanguardia, a internal club document reveals they are working on two possible solutions. The more conservative option involves the 2019-20 season being cancelled in the coming weeks.Advertisement This would mean the 2020-21 campaign beginning on September 15, with no fans allowed into the Camp Nou until February 2021. However, the alternative sees the current season restarting on June 15, and ending between August 1 and 15.last_img read more

Sharks’ Martin Jones is playing his best hockey of the season

first_imgST. PAUL, Minn. — Apparently, leapfrog is a game that adults can play, as well.The Sharks continued their game of tag with the Calgary Flames on Monday, moving back into first place in the Pacific Division and the Western Conference by extending their winning streak to five games in Minnesota.The Flames jumped back into first place on Sunday by beating the Vegas Golden Knights one day after the Sharks took the penthouse suite with a win over the St. Louis Blues. Both squads are desperate to …last_img

New San Diego State President Adela de la Torre visits campus

first_img Ed Lenderman New San Diego State President Adela de la Torre visits campus February 8, 2018 Posted: February 8, 2018 Ed Lenderman, 00:00 00:00 spaceplay / pause qunload | stop ffullscreenshift + ←→slower / faster ↑↓volume mmute ←→seek  . seek to previous 12… 6 seek to 10%, 20% … 60% XColor SettingsAaAaAaAaTextBackgroundOpacity SettingsTextOpaqueSemi-TransparentBackgroundSemi-TransparentOpaqueTransparentFont SettingsSize||TypeSerif MonospaceSerifSans Serif MonospaceSans SerifCasualCursiveSmallCapsResetSave SettingsA much-anticipated visit took place Thursday at San Diego State University.The school’s new president, Adela de la Torre, paid a visit to Montezuma Mesa for the first time.KUSI’s Ed Lenderman was LIVE with the story. Categories: Local San Diego News FacebookTwitterlast_img read more

Example of microplastic pollutants disrupting predatorprey relationship found

first_img Journal information: Biology Letters Citation: Example of microplastic pollutants disrupting predator-prey relationship found (2018, November 28) retrieved 18 August 2019 from https://phys.org/news/2018-11-microplastic-pollutants-disrupting-predator-prey-relationship.html More information: Microplastic leachates impair behavioural vigilance and predator avoidance in a temperate intertidal gastropod, Biology Letters (2018). rsbl.royalsocietypublishing.or … .1098/rsbl.2018.0453 First evidence that seals can consume microplastics via their prey © 2018 Science X Network Explore furthercenter_img Credit: CC0 Public Domain A team of researchers with the French National Centre for Scientific Research has found an example of environmental microplastics disrupting a predator-prey relationship. In their paper published in the journal Biology Letters, the group describes their study of the impact of microplastic consumption on the common periwinkle and what they found. The researchers note that to date, many studies have been done to better understand what happens to living creatures when they consume microplastics—but little work has been done to better understand what happens to the relationship between predators and prey when microplastics are introduced into the environment.Periwinkles are a kind of shellfish, or more precisely, a sea snail. They spend their time perched on algae-covered rocks grazing on the algae. They are considered a keystone creature because of the role they play as prey for other creatures, mainly crabs. Periwinkles are also consumed by humans. In this new effort, the researchers wondered what might happen to periwinkles that consume algae that has itself absorbed microplastics. Prior research has shown that when algae absorb microplastics, they also absorb hazardous chemicals and metals. This is because microplastics absorb such materials from the water. When a periwinkle eats the algae, it is also eating the hazardous materials present in the algae.To find out if the heavy metals or other toxic substances eaten by the periwinkle cause disruptive changes, the researchers gathered some specimens and brought them into the lab for testing. They also collected crabs to use as predators.The researchers report that when a periwinkle that had consumed the toxic materials, it did not react in an expected way to the presence of a predator. Normally, upon spying a crab, a periwinkle will pull into its shell or try to hide to avoid capture. The periwinkles exposed to the toxic materials did not attempt to avoid capture, which suggested they had nerve damage of some sort, likely due to consumption of heavy metals.The researchers note that in their experiments, the levels of toxicity in the microplastics were equivalent to those on a typical beach, thus representing real-world conditions. The researchers suggest their findings hint at major changes happening in the marine environment due to the microplastics introduced by us humans. This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.last_img read more