The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / How is Low Inventory Affecting the Housing Market? in Daily Dose, Featured, Market Studies, News About Author: Brian Honea Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Print This Post February 3, 2016 5,299 Views How is Low Inventory Affecting the Housing Market? Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Low inventory has been cited by many analysts as a concern for the housing market in 2016 as the market continues to heal from the foreclosure crisis which began nearly eight years ago.What effect will that lack of inventory have on housing? While the inventory has been declining, demand for housing has not; the combination of thin inventory and strong demand has pushed prices upward. In many markets, the percentage of homes selling at list price or higher is has risen back to pre-crisis levels, according to Shu Chen, Economist with CoreLogic.“The number of homes selling at or above list price has recovered to early 2006 levels,” Chen wrote on CoreLogic’s blog. “That number was 3.5 times the trough in January 2008 and represented more than one-quarter of total sales in October 2015. Compared with homes selling for their list price or more, the number of homes selling for less than list price has been relatively stable over the past 15 years. Regardless of market conditions, there are always highly motivated sellers willing to drop their price.”Stewart Guaranty Chief Economist Ted Jones told DS News in January that limited housing inventory was creating an urgency to buy.“We always think that six-month inventory is normal for existing homes,” Jones said. “We’re in that mid-four-month inventory range. We know that rents are going to continue to rise. You have the option of either renting or owning. Rents have actually been going up while interest rates have stayed the same or even going lower.”While existing-home sales in 2015 experienced their best year since 2006, a repeat in 2016 is unlikely if inventory remains at its current levels.“Although some growth is expected, the housing market will struggle in 2016 to replicate last year’s 7 percent increase in sales,” NAR Chief Economist Lawrence Yun said. “In addition to insufficient supply levels, the overall pace of sales this year will be constricted by tepid economic expansion, rising mortgage rates and decreasing demand for buying in oil-producing metro areas.”According to Fannie Mae Chief Economist Doug Duncan, single-family starts should accelerate to 17 percent this year. But only, he said, “if easing housing supply shortages and a continued strong pace of household formation pan out.” Tagged with: Housing Inventory Housing Market Previous: Fewer Serious Delinquencies Indicate Market Stability Next: DS News Webcast: Thursday 2/4/2016 Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 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. Subscribe The Best Markets For Residential Property Investors 2 days ago Share Save Housing Inventory Housing Market 2016-02-03 Brian Honea
“Yes [the meeting has been postponed]. This comes as a request from the government, in view of its current focus on addressing the COVID-19 pandemic,” Irawan told The Jakarta Post.Since coming back on March 30 from an extended recess period due to the COVID-19 outbreak, lawmakers have resumed their duties in the same way that most Indonesians have done over the past few weeks – through daily teleconferences in place of the usual physical meetings at the Senayan legislative complex in Jakarta.Activists have previously slammed House lawmakers for attempting to resume talks on a number of controversial bills, including proposed changes to the 2009 Mining Law, under the protective cover of government-mandated physical distancing measures, which has allowed both politicians and government officials to go about important decision making processes without supervision.Siti Rakhma Mary Herwati, head of the information management division at the Indonesian Legal Aid Foundation (YLBHI), said that the process of deliberating the proposed revisions had so far not been transparent, whether at the commission level or at the working committee (panja). The House of Representatives narrowly escaped public scrutiny last week after it shelved a plan to deliberate a contentious mining law revision amid physical distancing measures to curb the spread of COVID-19, but activists remain unconvinced that lawmakers won’t revive the plan again in the future.The Office of the House Secretary General issued Friday a letter announcing that a virtual work meeting between House Commission VII overseeing energy and Cabinet ministers in charge of the energy, home affairs, law, industry and finance portfolios, originally scheduled for April 8, would be “postponed until further notice”.Commission VII deputy chairman Gus Irawan Pasaribu, a Gerindra Party lawmaker, confirmed the postponement of the meeting on Monday. “All this time, the deliberation of the mining law revision has been closed to the public; us civil society groups were not involved in discussions, let alone the people most affected,” Rahma said. Mining Advocacy Network (Jatam) activist Merah Jahansyah urged both the government and the House to focus on controlling the pandemic instead of passing bills that the public still deems controversial. “It’s not that the 2009 Law is without problems, but the question is, will the revision [guarantee] no more problems?” Merah said during an online discussion on Sunday.The plan to revise the mining law makes clear that the government will prioritize economic growth at the probable expense of its environmental commitments, with activists raising questions on the plan’s impact on natural disaster mitigation and coal consumption.The Energy and Mineral Resources Ministry plans to loosen several restrictions to boost downstream mining industry growth. Notable relaxations include quadrupling the maximum size of traditional mining zones (WPR) to 100 hectares, erasing minimal concession sizes for mining firms and revoking a 40-year mining limit for mining companies that build smelters. There is also a revision that would allow mining activity in rivers and the sea, which Jatam has criticized as being an oversight in policymaking.Mining zones rarely take into account the ecological carrying capacity of the local environment, Merah said, citing a case of flooding earlier this year in Samarinda, East Kalimantan, allegedly caused by mining activities at the mouth of the Karang Mumus River, which flows into the city.“Carrying capacity has never been part of the government’s consideration, especially in the mining law revision,” he said, referring to the maximum population size that a local environment can sustain without destroying it.Meanwhile, AURIGA Nusantara activist Iqbal Damanik said that any deliberation of the proposed revision this year would coincide too much with the expiry of several contracts of work (KK) and coal contracts of work (PKP2B) held by major mining companies.These include PT Adaro Indonesia in 2022, PT Arutmin Indonesia in 2020, PT Berau Coal in 2025, PT Kideco Jaya Agung in 2023, PT Kaltim Prima Coal in 2021, PT Multi Harapan Utama in 2022 and PT Kendilo Coal Indonesia in 2021.According to Article 169 of the mining law revision draft, contracts of work that have yet to be extended can be subject to an extension as a special mining permit (IUPK) for up to 20 years over two periods.“If this bill is passed into law, then it is done in the interests [of the companies],” Iqbal said, suggesting instead that the House commission should inspect whether these firms have held their end of the bargain.In addition to the proposed mining law revisions, the House is expected to continue deliberations on the omnibus bill on job creation, which has been widely protested against for being too pro-business.As it relates to mining, the bill centralizes the issuance of permits to provide certainty for the big firms, while removing environmental protections such as the requirement to get environmental permits, and streamlining the process of obtaining an environmental impact analysis (Amdal).“This of course will cause chaos and legal uncertainty,” said Publish What You Pay (PWYP) activist Aryanto Nugroho, adding that it was not too late to take the contentious bills off the 2020 National Legislation Program.— Norman Harsono contributed to the story.Topics :
Subsea 7 nets IOG North Sea SURF Posted: 4 months ago Mark Hughes, chief operating officer IOG, said: Posted: 4 months ago This deal also follows yesterday’s news on Petrofac landing the well management contract on Core Project Phase 1. Elgood is a single subsea tieback to an unmanned platform at the nearby Blythe field. “We are pleased to be awarded this work in such uncertain times and it further strengthens our reputation as a subsea controls supplier. Categories: The field should come on stream in 2021. Specifically, Proserv will be responsible for the engineering, construction and installation for the Elgood single-well subsea tieback. IOG is the field operator with 50 per cent, with the remaining 50 per cent interest also belonging to CalEnergy. Iain Smith, senior vice president – Proserv Controls, said: Proserv has secured a contract from Independent Oil and Gas to provide subsea controls system for IOG’s Core Project Phase 1 development in the UK Southern North Sea. The Elgood gas field is part of the Blythe Hub, situated 35 kilometres offshore Norfolk in the Southern North Sea. “We look forward to working with IOG and their SURF contractor to ensure the cost-effective, safe and timely execution.” Elgood gas field Project & Tenders “We are pleased to be working with Proserv, a recognised specialist provider of subsea controls systems, on the Elgood well, which is an important part of our Phase 1 development.” The system will consist of a master control station, subsea control module as well as subsea distribution and instrumentation.
1 October 2007South Africa completed an unbeaten run through Pool A at the Rugby World Cup on Sunday when they outplayed the feisty United States Eagles 64-15, running in nine tries to two.Thanks to Fiji’s shocking 38-34 victory over Wales on Saturday, the Boks will tackle their third Pacific Island opponent of the tournament in the quarterfinals in Marseille on 7 October. Victory at a priceWhile the Springboks scored an expected win, it came at a price as tighthead prop BJ Botha damaged knee ligaments, ruling him out of the rest of the tournament.SA captain John Smit, a teammate of Botha’s with the Sharks, felt the loss of the tighthead would have a disruptive effect on South Africa, coming as it did some way into the tournament. He paid tribute to Botha, saying he not only makes an impact in the tight phases, but also in his work around the field.Cheetahs’ front-rower Jannie du Plessis has been called up to replace Botha and will join his brother, Bismarck, in the Bok squad.The Americans fought hard against South Africa and the Boks led the match only 24-10 at halftime. However, their advantage in possession and territory truly bore fruit in the second half as Smit and co managed a further 40 points whilst conceding only five.The 49-point margin of defeat was the biggest loss yet suffered by the USA at any Rugby World Cup.In controlSouth Africa took control from the kick off and never looked in danger of losing the contest despite a wholehearted effort from the plucky American team that included three South African-born players. It certainly wasn’t a top class performance, but it was very effective and included some superb tries.Interestingly, Argentina also won on Sunday, outplaying Ireland 30-15 to finish top of Pool D. The Pumas produced a very efficient and powerful performance to join New Zealand, Australia, and South Africa as pool winners, thus increasing the likelihood of a first ever all-southern hemisphere semi-final line-up.While South Africa plays the Fijians, Argentina tackles Scotland, New Zealand plays France, and Australia goes up against England. The most likely outcomes of those matches, based on the form shown so far by the eight teams, is victories all round for the southern hemisphere.And after that? Well, then, matters become more interesting.First tryIn Montpellier, it took South Africa nine minutes to get on the board. The Springboks’ first points came from a try by Schalk Burger and the star flanker needed to show good hands to score the five-pointer.After SA had made decent ground and swept into the Americans’ 22-metre area, the ball was moved to the right. A poor pass went to ground before it reached its intended recipient but Burger, flying through at speed, scooped it up beautifully before crashing through two attempted tackles to score.The reliable Percy Montgomery added the extras to put South Africa into a 7-0 lead.SA continued to exert pressure on the USA, especially in the lineouts where the USA was having massive problems, with the Boks either robbing the opposition or disrupting their throw-ins.Double figure leadAfter 17 minutes, the pressure told once more as Montgomery landed a penalty to put South Africa’s lead into double figures at 10-0.Three minutes later, however, US captain Mike Hercus closed the gap to seven points by landing a penalty.After 23 minutes the Americans were reduced to 14 men when flank Todd Clever was sent off for a third professional foul as he fought to stem the attacking Bok tide.While he was off, the Eagles were made to pay for his indiscretion as SA scored through Francois Steyn. Wikus van Heerden won a turnover inside the American 22-metre area and the ball was quickly passed to the backline. Steyn, receiving the ball, jinked inside twice before straightening up and zipping through to dot down next to the uprights.Montgomery added the conversion to put South Africa 17-3 ahead.Habana scoresWith five minutes left in the half, Bryan Habana scored wide on the left after the Springboks moved the ball smartly down the backline from a lineout.The conversion attempt went wide.Then, with South Africa pushing for a bonus point try just before the break, and with men lined up to take the pass, Clever, back on the field after his time in the sin bin, intercepted and raced up the field.The ball was moved to the inside before a long pass out to the right found Zimbabwean-born winger Takudzwa Ngwenya. He had space to move in, both to the right and the left. Habana showed him the outside gap and Ngwenya, after slowing the Bok winger up with some nifty footwork, accelerated to the outside to round Habana and score under the posts.Hercus knocked over the conversion to give the Americans a timely boost just before halftime.Second halfShortly after the restart, Habana became South Africa’s second leading try scorer of all time behind Joost van der Westhuizen when he rounded off another flowing backline move in the left-hand corner.Again, Montgomery missed with his conversion attempt from the left touchline, leaving the Springboks 29-10 ahead.Francois Steyn then had a long-range shot at goal from just inside his own half. His effort had more than enough distance on it, but was slightly wide.Ten minutes into the second stanza, Juan Smith made some hard yards before popping the ball into the hands of the charging CJ van der Linde. Showing a nice turn of speed, the huge prop carried two men over with him as he crashed over the tryline.This time Montgomery’s conversion was accurate, opening up the gap between the two teams to 26 points at 36-10.Try concededShortly afterwards, after the Americans had found touch deep in the South African 22-metre area, scrumhalf Fourie du Preez took a quick throw-in to Francois Steyn. The centre tried to lift his arms above an attempted tackle, but caught his elbow on the tackler’s head and coughed the ball up.The Eagles first went right, then moved the ball down the backline, to the left, where Chris Wyles powered through two tackles to score.Hercus was wide right with his conversion attempt. South Africa led 36-15.Du Preez was next on the scoreboard for South Africa, selling a dummy and then accelerating through a huge hole that opened up for him to score right next to the posts.The conversion presented no problems for Montgomery and South Africa moved up to 43 points, the same number they scored against the Americans in the last meeting between the two teams in 2001.Slick backline moveJust past the hour mark, a slick backline move that involved Butch James and JP Pietersen (on for Habana who had gone off with a cut to his face) opened up space on the right. The Americans raced across to cover the pass out wide, but Jaque Fourie summed the situation up perfectly and sold a dummy before cruising through for a try.Montgomery added another conversion to take South Africa past the 50-point mark.Fourie then equalled Habana’s brace of tries when he broke through for the Springboks’ eighth try after 73 minutes.With Montgomery having been substituted as the entire South African bench was given a run, James took over the kicking duties and kicked the conversion to put SA 57-15 ahead.Top of the listFinally, with three minutes remaining, a nice interchange of passing between Pietersen and Ruan Pienaar set Smith up for a well deserved try. The flanker dotted down for the third time in the tournament, lifting him into a tie at the top of the list for try scorers amongst forwards.James’ conversion sealed a 64-15 win that the Boks had to work hard for despite the 49-point gap between the two sides.Springbok coach Jake White declared himself “very pleased” with the win, saying the players achieved what they had set out to do, maintaining a sound structure and decent continuity in their game.He added that Boks will go into their quarterfinal clash against Fiji with confidence after winning all four of their pool matches. Want to use this article in your publication or on your website?See: Using SAinfo material
SharePrint RelatedLove is in the air. And locked to a gate. — Love Lock Eeuwige Liefde !?! (GC41QJY) — Geocache of the WeekFebruary 12, 2014In “Community”Parent Insider Tips: Getting Your Kids Outside with GeocachingAugust 25, 2014In “Community”We’ve Got Urban Geocaching on Lock — QuadLockLog (GC330KJ) — Geocache of the WeekAugust 7, 2013In “Community” [vsw id=”cYfquPnJrY4″ source=”youtube” width=”853″ height=”480″ autoplay=”no”]Geocache Name:Amsterdam Urban 2 – Under the bridgeDifficulty/Terrain Rating:1.5/4.5Why this is the Geocache of the Week:One of the best ways to see Amsterdam is by boat. You can take in the sights on the many canals that flow throughout the beautiful city. Of course, if you can pick up a geocache (or two or three) along the way, that’s a bonus! This geocache is one of the oldest in the Netherlands and a favorite of locals and tourists. At one point it was also a favorite of local pigeons, but thanks to a clever anti-pigeon system, that’s no longer an issue. Earlier this year, Geocaching HQ’s videographer, Reid (reidsomething), and a Geocaching HQ Volunteer Coordinator, Kerb (KerbL), teamed up with two locals to find this geocache. If you don’t think you’ll be able to make it to Amsterdam soon, just kick back, watch the video (spoiler alert!) and enjoy the ride.# of Finds:909# of Favorite Points:239What geocachers are saying:“Thanks for an amazing cache – definitely a Fave cache for the fun we had finding it. TFTC” – scrap happy annie“Best cache in Amsterdam! We had so much fun to go trough the canals and search this cache!” – Team eeH“Very pleased to find this cache! We’ve used it to start the journey of our first trackable. Very good cache and well hidden.” – Triage76Read More LogsPhotos:Beautiful views along the way. Photo by geocacher LollipopDZ My geosenses are tingling… Photo by geocacher lady pinguinSee All Photos Found it! Photo by geocachers Team Dorus Continue to explore some of the most engaging geocaches around the globe. Check out all the Geocaches of the Week on the Geocaching blog.If you would like to nominate a Geocache of the Week, leave a comment below with the name of the geocache, the GC code, and why you think we should feature it.Share with your Friends:More Geocaching is an awesome way to explore new places. What has been your greatest discovery while geocaching? Tell us in the comments.
About the authorPaul VegasShare the loveHave your say Anderlecht assistant manager Davies defends Kompany over sack talkby Paul Vegasa month agoSend to a friendShare the loveAnderlecht assistant manager Simon Davies has defended the work of player-boss Vincent Kompany.There’s talk the former Manchester City pair could be sacked if they lose in the Cup tonight against Beerschot.Davies said, “Vinnie works very hard for the club to bring us back to where Anderlecht should be. “We will reverse this and get results quickly.”The injuries, the many young players and the new system cost us a lot of time. It is a process that requires a lot of time and effort. Together with my staff we continue to focus on the process. But talking about it is easy, of course, we have to show it on the field.”
OTTAWA – The federal government named the five winning bids Thursday of its high-tech “superclusters” sweepstakes that will divvy up $950 million of public funding in hope of stoking economic growth and job creation in return.Ottawa’s big bet on government-designated superclusters was designed to encourage academia, not-for-profit organizations and companies of all sizes to work together on strategies to boost high-growth sectors.The winners, announced by Economic Development Minister Navdeep Bains, closed out a nine-month competition that represents the centrepiece of the Liberals’ so-called innovation agenda.“What is a supercluster? It is a made-in-Canada Silicon Valley that will create tens of thousands of jobs — that’s what a supercluster is,” Bains said Thursday as he unveiled the winners in Ottawa.“It’s about collaboration as well. Look at this room — we have academia, business, you have small business and large business, and we have government — working together, promoting collaboration, supporting our supply chains and also developing and nurturing skills and knowledge and making sure that we pass that knowledge from one generation to another.“Superclusters — it’s a job magnet.”The winning bids, chosen from nine finalists, were spread evenly across the country. Bains insisted their selection was the result of a rigorous process that involved third-party experts.The superclusters are:— The Ocean supercluster based in Atlantic Canada will use innovation to improve competitiveness in ocean-based industries, including fisheries, oil and gas and clean energy;— The Scale AI supercluster in Quebec will work on building intelligent supply chains through artificial intelligence and robotics;— The Advanced Manufacturing supercluster in Ontario will connect technology strengths to the manufacturing industry to prepare for the economy of tomorrow;— The Protein Industries supercluster in the Prairies will work on making the country a leading source of plant proteins;— The Digital Technology supercluster in British Columbia will use big data and digital technologies to unlock new potential in important sectors like health care, forestry, and manufacturing.The winners will receive between $150 million and $250 million each. The money will be distributed over five years to the superclusters, which are required to match the federal funding they receive, dollar for dollar.Bains said the chosen consortia exceeded that goal by raising a total of $1.5 billion, which brings the overall investment, when combined with the government’s $950-million commitment, close to $2.4 billion.He insisted the superclusters will generate at least 50,000 jobs and will include efforts to help upgrade the skills of workers.After his announcement, Bains was asked if the superclusters could help address concerns over competitiveness risks related to recent U.S. tax reforms and the uncertain future of the North American Free Trade Agreement.“This will unlock hundreds of millions of dollars off of balance sheets of companies to invest in research and development,” Bains said in an interview.“We think that improves our ability to compete, that improves our ability to attract investments and that really allows us, not only to develop great Canadian talent but also attract global talent as well.”The Liberals have faced criticism over the superclusters plan, including concerns over the government picking winners and losers.In a tweet that followed the announcement, Conservative MP Maxime Bernier called the superclusters “just another big government scheme!”“The superclusters are corporate welfare on steroids,” Bernier wrote.“A big-government scheme that will enrich well-connected and Liberal-friendly businesses at the expense of all Canadian taxpayers.”Bains has defended it by saying the superclusters will be led by industry.Linda Hasenfratz, CEO of automotive parts maker Linamar Corp. (TSX:LNR), is participating in the advanced manufacturing supercluster.“I think manufacturing is just such an important part of our economy,” Hasenfratz said Thursday.“It supports so many other areas of the economy, so it’s really critical that we have a thriving and growing manufacturing sector.”Follow @AndyBlatchford on Twitter
NEW YORK — The latest on developments in financial markets (all times local):___9:35 a.m.Stocks are opening mostly lower on Wall Street, erasing some of the market’s gains from a day earlier.Technology stocks fell more than the rest of the market in early trading Friday.Chipmaker Nvidia plunged 19 per cent after saying it had a large number of unsold chips because of a big drop in mining of cryptocurrencies.Troubled California power provider PG&E surged 37 per cent after the president of the utility’s state regulator said it was essential for a power company to have the financial strength to operate.The S&P 500 index fell 13 points, or 0.4 per cent, to 2,716.The Dow Jones Industrial Average lost 101 points, or 0.4 per cent, to 25,189. The Nasdaq composite lost 77 points, or 1.1 per cent, to 7,181.The Associated Press
FORT ST. JOHN, B.C. – A fire that erupted at a home on 88a St. early Saturday morning has been deemed not suspicious in nature, though the fire’s cause is still undetermined.Deputy Fire Chief Darrell Blades said that fire crews were called out to the fire, which occurred inside a duplex in the 10400 block of 88a St., at around 12:15 a.m. Saturday. Fire crews were able to contain the fire to the room of origin, while the rest of the duplex unit suffered smoke and water damage. The neighbouring unit also suffered minor smoke damage.Blades said that initially, the RCMP was asked to assist the fire department with their investigation and that the cause of the fire could have been deemed suspicious. He said that investigators have since deemed the fire to not be suspicious in nature, though the exact cause of the fire was not able to be determined. Blades estimated that damage to the home is estimated at less than $50,000.
VICTORIA, B.C. – The B.C. Coroners Service is launching a new interactive tool that will display key information on active unidentified human remains cases within the province.According to the Coroners Service, the aim of this new tool is to generate new leads that will assist in closing these investigations.The unidentified human remains interactive viewer is a web-mapping application containing spatial, temporal and statistical information on every active, unsolved UHR investigation in the province. The Coroners Service says there are currently just under 200 unsolved and active cases involving unidentified human remains in B.C. Most of these involve cold cases, with the earliest dating back to 1953.B.C. Chief Coroner, Lisa Lapointe, says this new technology will hopefully reach out to members of the public and bring closure to some of these investigations.“By reaching out and engaging members of the public with the launch of this innovative tool, it’s our hope to gain new investigative leads that will lead to the identification of these unidentified individuals and bring closure to their families.”Anyone with information or questions about any of the investigations displayed on the UHR interactive viewer should contact the Special Investigations Unit using the case number provided in the viewer at [email protected] UHR interactive viewer can be viewed on the B.C. Coroners Service’s website.