Vermont one of few states to see increase in bad mortgages

first_imgWhile Vermont still has the second fewest bad mortgages (delinquent plus foreclosed) east of the Mississippi, Vermont was one of only a handful of states that saw an increase in bad mortgages between October 2010 and October 2011, this is in contrast to the Unites States as a whole, which has seen a drop in non-current housing loans of 7.5 percent over the last year. Meanwhile, Vermont’s number has increased 5.7 percent. Vermont is one of only seven states to see an increase in bad mortgages.The October Mortgage Monitor report released by Lender Processing Services, Inc. (NYSE: LPS) shows mortgage delinquencies nationwide (see chart below) continue their decline, now nearly 30 percent off their January 2010 peak. Meanwhile, foreclosure inventories are on the rise, reaching an all-time high at the end of October of 4.29 percent of all active mortgages. The average days delinquent for loans in foreclosure extended as well, setting a new record of 631 days since last payment, while the average days delinquent for loans 90 or more days past due but not yet in foreclosure decreased for the second consecutive month.Judicial vs. non-judicial foreclosure processes remain a significant factor in the reduction of foreclosure pipelines from state to state, with non-judicial foreclosure inventory percentages less than half that of judicial states. This is largely a result of the fact that foreclosure sale rates in non-judicial states have been proceeding at four to five times that of judicial. Non-judicial foreclosure states made up the entirety of the top 10 states with the largest year-over-year decline in non-current loans percentages.The October data also showed that mortgage originations are on the rise, reaching levels not seen since mid-2010. Mortgage prepayment rates have also spiked, as much of the new origination is related to borrower refinancing; loans originated in 2009 and later are the primary drivers of the increase. While FHA origination activity is down, GSE and FHA originations still account for the vast majority of all new loans – nearly nine out of every 10 new mortgages.As reported in LPS’ First Look release, other key results from LPS’ latest Mortgage Monitor report include:Total U.S. loan delinquency rate: 7.93%Month-over-month change in delinquency rate: -2.0%Total U.S. foreclosure pre-sale inventory rate: 4.29%Month-over-month change in foreclosure pre-sale inventory rate: 2.5% States with highest percentage of non-current* loans: FL, MS, NV, NJ, ILStates with the lowest percentage of non-current* loans: ND, AK, SD, WY, MT*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.Notes:(1) Totals are extrapolated based on LPS Applied Analytics’ loan-level database of mortgage assets.(2) All whole numbers are rounded to the nearest thousand. About the Mortgage MonitorLPS manages the nation’s leading repository of loan-level residential mortgage data and performance information on nearly 40 million loans across the spectrum of credit products. The company’s research experts carefully analyze this data to produce a summary supplemented by dozens of charts and graphs that reflect trend and point-in-time observations for LPS’ monthly Mortgage Monitor Report. To review the full report, visit http://www.lpsvcs.com/NEWSROOM/INDUSTRYDATA/Pages/default.aspx(link is external).About Lender Processing Services Lender Processing Services, Inc. (LPS) is a leading provider of integrated technology, services and mortgage performance data and analytics to the mortgage and real estate industries. LPS offers solutions that span the mortgage continuum, including lead generation, origination, servicing, workflow automation (Desktop®), portfolio retention and default, augmented by the company’s award-winning customer support and professional services. Approximately 50 percent of all U.S. mortgages by dollar volume are serviced using LPS’ loan servicing platform, MSP. LPS also offers proprietary mortgage and real estate data and analytics for the mortgage and capital markets industries. For more information about LPS, visit www.lpsvcs.com(link is external). JACKSONVILLE, Fla. – December 1, 2011last_img read more

Senior Novice Leafs sweep pair of games in Trail

first_imgThe Leafs now prepare to host the annual Senior Novice Tournament January 8-10 at the NDCC Arena. The Nelson Leafs Senior Novice team won a pair of games last weekend in the Silver City, edging the Trail Troopers and Trail Nitehawks by identical 3-2 scores in minor hockey action.Nelson defeated the Troopers on goals by Larson Proctor, Miller Tedesco and Sawan Bhabra.The Novice Leafs then narrowly got past the Nitehawks on goals by Jack Boyes, Cohen Wolbaum and Drae Hudson.last_img

Intolerance Grows for Skeptics of Consensus Science in Spite of Data

first_img(Visited 22 times, 1 visits today)FacebookTwitterPinterestSave分享0 If you question evolution or man-caused global warming, be prepared for a smear.  If you are a Christian, be prepared for hate.  But the skeptics may have the facts on their side.Bill Nye was at it again (see 8/26/2012), smearing creationists on MSNBC.com, arguing (again) that U.S. science is threatened by those who don’t embrace evolution.  He targeted Bible-believing Christians in particular.  According to AP reporter Dylan Lovan, “The man known to a generation of Americans as ‘The Science Guy’ is condemning efforts by some Christian groups to cast doubts on evolution and lawmakers who want to bring the Bible into science classrooms.”  No examples were cited: only the vague fear that “Nye, 56, also decried efforts in recent years by lawmakers and school boards in some states to present Bible stories as an alternative to evolution in public schools.”   Aside from the fact that academic freedom laws try to allow scientific criticisms of Darwin in science class, not the Bible, the article refers to Christian as believers in the Genesis account, ignoring the fact that many Jews and Muslims do also.  While strongly urging Christians to “question your beliefs,” Bill Nye appears unready to question his own.  In a photo, Nye is shown shaking hands with President Obama.  Some of the comments after the article are filled with unmitigated vitriol against creationists.Live Science took aim at Fox News, a cable TV news service that advertises itself as “fair and balanced” because (unlike its competitors) it presents both conservative and liberal viewpoints.  The headline shouts, “Fox News Climate Coverage 93% Wrong, Report Finds.”  The evidence cited by reporter Stephanie Pappas, though, consisted of little more than circular reasoning: “The researchers found that Fox News and the Journal were consistently dismissive of the established scientific consensus that climate change is happening and that human activities are the main driver.”  This is akin to a syllogism: “a. Everybody who is somebody agrees with me.  b. You don’t agree with me.  c.  You are not somebody.”  Ignoring specifics, Pappas referrred to “established science— in this case, the overwhelming body of evidence that human-caused climate change is occurring.”A look at the literature, though, fails to establish it as established science.  As seen in leading journals, scientists – even though they agree with the consensus – are often the very ones pointing out flaws in their models and doubts about the sweeping conclusions.Recently, for instance, the Editors of Nature (19 Sept 2012) warned, “Better models are needed before exceptional events can be reliably linked to global warming.”  Tying visible effects to the theory require “enormous research effort,” they said, considering the political and economic fallout that may ensue from claims that particular events or threats (“event attribution”) are of man’s doing.  At a recent workshop, “some speakers questioned whether event attribution was possible at all.”   Here’s how indecisive the evidence is: “One critic argued that, given the insufficient observational data and the coarse and mathematically far-from-perfect climate models used to generate attribution claims, they are unjustifiably speculative, basically unverifiable and better not made at all,” they said.  “And even if event attribution were reliable, another speaker added, the notion that it is useful for any section of society is unproven.”  How does that jive with the certainty Stephanie Pappas exhibited?  The editors of Nature, certainly a pro-warming fountainhead, had more subdued advice: “when communicating their results, scientists must be open about shortcomings in the models used.”  The editorial generated some lively comments.Just a week earlier, in a letter to Nature Sept 13, two scientists (who agree with the consensus) noted causes for public skepticism of the climate alarmists.  “The public-image problem of current models stems partly from scientists’ failures to identify the limitations openly,” they said, suggesting that the public is often given bold pronouncements without proper scientific caution.  “It is important to distinguish between questions for which current models are useful as prediction engines and those for which the models merely probe possibilities. The role of science is to reflect on the plausibility and relevance of such possibilities.”  Memories of fraud seem to have faded into the background.It’s not even clear that warming is bad.  “Rather than kicking off the expected cycles of extinction, periods of warming in Earth’s history were accompanied by increased biodiversity, according to a report published this week,” Nature News wrote.  The article hedged its bets that human-caused warming could be worse.  Such reports of significant past warming, though, such as the inference about climate from the redwoods in northern Canada kimberlite (9/19/2012) make it difficult for skeptics to get worked up about what is going on now.  The researcher was actually surprised by what he found: “given that climate change is generally viewed as disruptive, Mayhew admits it was a ‘big surprise” to find that eras of warming were accompanied by increases in biodiversity.’”  His out was to say that the current warming is happening too fast for nature to cope.  By the time that can be proven, however, we will all be dead from old age.In another example of surprise, researchers studied the effects of global warming on migrating cormorants (Gienapp and Bregnballe, “Fitness Consequences of Timing of Migration and Breeding in Cormorants,” PLoS ONE 7(9): e46165. doi:10.1371/journal.pone.0046165).  They didn’t find what they expected. They thought the birds would be disrupted by the climate shifts, but “the increasing selection pressure on timing seems to be unrelated to climate change as the climatic variables that were related to selection strength did not increase during the study period.”  They tossed the ball to previous papers in footnotes to allege that climate change has disrupted other organisms, but they did not find disruption in their own work.Researchers using a submarine in the North Sea expected to find methane reservoirs locked in ice to be coming loose as the climate warms, unleashing more of the  greenhouse gas that is more potent than CO2.  What they found, Science Daily reported, was that the submarine vents have been spewing out methane for centuries, long before the industrial revolution.  “[T]he fear,” therefore, “that the gas emanation is a consequence of the current rising sea temperature does not seem to apply.… the observed gas emanations are probably not caused by human influence.”Beneath the permafrost of Bylot Island in Canada’s arctic, dead leaves,  tree trunks and pollen tell of a time when a diverse forest thrived there, filled with willow, pine and spruce.  Can a frozen forest rise again?  Live Science reporter Jeanna Brynner investigated this fossil forest, said to be 2.6 to 3 million years old.  The actual wood is preserved, bearing tribute to a much warmer and pleasant past – a surprise, considering how the trees would have had to live in a land of the midnight sun and months of darkness.   Certainly man was not to blame for a significant climate shift.  And that’s not all: even farther north, “Fossil forests of a similar age have also been found on Ellesmere Island in the Canadian Arctic, where so-called ‘mummy trees’ were uncovered in the wake of a melting glacier.”  (See 3/17/2011.)What exactly, then, are pro-consensus advocates worried about?  Biblical creationists deny these fossil forests are millions of years old, a seemingly more reasonable interpretation of the evidence.  Darwin skeptics at school boards are not trying to insert religious texts into the science classroom; they generally want to get the lies and distortions about Darwin evolution corrected in textbooks, and mitigate the scare tactics in presentations of global warming.  Meanwhile, the U.S. remains the scientific leader in the world despite millions of his creationist bogeymen.  What precisely is Bill Nye worried about?By all accounts, the hard-core warmist alarmists and Darwin bulldogs are far left in their politics (8/22/2012, 7/26/2012) .  It’s just like leftists to divide people into us-vs-them and use fear and hate to denounce their critics.  It’s just like them to use glittering generalities to advance their view, and associate themselves with “science” (a.k.a. scientism), while sidestepping the uncooperative facts that undermine their position.  They don’t want a reasoned discussion; they want power.  Once you understand their propaganda tactics and how to refute them, your timidity will subside.  Then, learn how to use evidence and logic to put the proud boasters in their place.Project:  Encourage Bill Nye to take his message to Saudi Arabia, Iran, and Syria.last_img read more

Southern Africa is running dry

first_imgForty one million people in the SADC region of Africa are in need of humanitarian food aid. The worst drought in 35 years is a result of a changing climate and Africa will need to adapt to this new normal. Africa needs to start planning for a world where extreme weather is the new normal. (Image: World Vision)Sulaiman PhilipAcross the Southern African Development Community (SADC) fields are barren, rivers have long dried up and livestock is left neglected and bedraggled as the territory suffers the worst drought in the last 35 years.Four SADC states – Lesotho, Malawi, Swaziland and Zimbabwe – have declared national emergencies. Mozambique has declared a 90-day red alert in some areas. Seven of South Africa’s nine provinces are drought disaster areas. According to a recently released SADC report, Vulnerability Assessment Results, 2.7 million children are suffering from acute malnutrition; 41 million people face food insecurity and of those, 21 million people need immediate assistance.In June, Botswana’s president and SADC chairperson, Ian Khama, called on the international community to provide humanitarian aid. At the beginning of August he will begin the formal process of declaring the region a disaster area.The designation as a disaster zone unlocks substantial humanitarian aid and funding from the international community. This shock funding allows governments to pay for disaster relief without tapping into national reserves or borrowing.In a statement released by SADC he said that the 2016 harvest would not feed the region and 23 million people faced imminent starvation. Khama will appeal for $2.7-billion (R38-billion) worth of humanitarian and drought relief, and to help strengthen the region’s safety net.“The appeal will be a formal request to the international community to provide assistance to affected member states,” he said. “The severe drought conditions have already taken [their] toll on lives and livelihoods and the situation could deteriorate further if urgent assistance is not provided.”Drought effectsIn 2015, South Africa – traditionally the bread basket of the region – received the lowest rainfall since records began in 1904. It has been a century since South Africa’s pastures have been this dry. In Malawi half of all children under five are malnourished and President Peter Mutharika has declared a national disaster.Despite the drought, South Africa produces more grain than it did two decades ago but harvests are half of what they were two years ago. The last harvest was 9.9 million tons, this year it is expected to be even lower, with just 7.4 million tons available.Maize, the staple food of the region, is now so expensive it is a luxury. The region has also depleted its stockpile of grain reserves. For landlocked countries such as Zimbabwe and Malawi, food costs will double as a result of transport costs from ports in South Africa and Mozambique.In villages in Zimbabwe’s Chivi District and the Neno District in Malawi families are resorting to desperate measures to fill their empty stomachs. A story in Britain’s The Guardian newspaper highlighted the plight of Chidyamakondo High School in southern Zimbabwe. For three years the schools girls’ football team have been national champions. Now Morrison Musorowegomo, the school’s head teacher, told the newspaper’s correspondent: “Students are fainting, struggling to concentrate in lessons, dropping out of school… We’re having to shorten our assemblies and cut back on sport.”Students are also dropping out of school to help families scavenge for food. Even more heart-breaking for Musorowegomo, his students are vulnerable enough to be coerced into exchanging sex for food or cash.Food is a human rights issue, says Malawi’s deputy director for school health and nutrition, Virginia Kachigunda. “We are really at a point where we need support. This is a situation which will eventually recycle poverty in these families. It’s a serious problem.”Climate changeAfrica faces challenges caused by the changing global climate. The environment of SADC is especially fragile and is being affected by higher land and ocean temperatures. In coming decades these changes will alter the weather and will affect when the rainfall season begins; in turn, this will change the agricultural cycle.Historically there was one regional drought every decade, then every five years. The cycle has now sped up and SADC countries are affected every three to five years. Mary Robinson, UN special envoy on El Niño and climate, says El Niño affected by climate change is the new normal. She believes that humanitarian disasters will get worse as the climate changes.Aid workers say that the response should be built on longer term planning. World Vision’s Beatrice Mwangi says this latest drought has shown the need to help affected communities plan for the new reality. Communities need food aid, she adds, but more importantly they need help adapting to the changing climate.The leaders of SADC countries understand that economic development will be hamstrung by more frequent floods, droughts and cyclones. They understand that climate change will damage agricultural infrastructure and that they need to adapt to preserve the progress the region has made. SADC has signed commitments with the World Food Programme that recognise adapting to climate change is an area of co-operation.The African Ministerial Conference on the Environment (Amcen) has developed a framework for the region to deal with the challenges it could face. The aim, it says in the report, is “to unlock resources for promoting strategic interventions that sustain productivity and livelihood improvements for millions of climate-vulnerable people in the region”.last_img read more

Why Swarm Won’t Save Foursquare

first_imgFacebook is Becoming Less Personal and More Pro… Tags:#ambient location#ambient location apps#applications#Foursquare#location apps#Location Services#Swarm A Comprehensive Guide to a Content Audit Guide to Performing Bulk Email Verification Swarm was Foursquare’s way of ripping the check-in from its flagship app. The new social app uses your phone’s GPS function to broadcast where you are at all times, and view others’ locations, too. Named after the Foursquare “Swarm Badge” that signifies a busy location, Swarm is the latest “ambient location” app to launch this year. “Ambient location” apps rely on mobile phones’ location services to display your general area to your friends in a passive way, without the need to check into any specific location. That’s how Swarm works. If you decide you want to share your exact location with friends, Swarm’s check-in feature is basically the same, but now you can also share your future plans with friends and invite them to join in. Ambient location sharing can be turned off, but it’s on by default.See Also: Why Foursquare Is Breaking Up With The Check-InI’m skeptical of location sharing in general. I rarely check into places until I’m ready to leave, and even then, I don’t see the benefit. And with Swarm, my general location is visible to anyone at any time. There are only a handful of people I’d be okay with knowing that information, and it’s not anyone on the friends list I’d amassed since joining Foursquare four years ago. I’m probably not alone here. Ambient location apps haven’t taken off, and even Facebook’s attempt to get friends to share their general locations has fallen flat. Most people don’t mind telling their friends where they are, as long as they’re okay with those friends joining them. I bet most people don’t have 100 or more friends they’d enjoy meeting up with randomly on the street. Foursquare doesn’t disclose monthly active user numbers, but the company boasts over 50 million app downloads. Still, one would imagine users stay in contact with friends over Twitter and Facebook more often than they do with Foursquare, and moving check-ins to Swarm may not help Foursquare in that regard. Reserve Your Tickets Now: Join ReadWrite And Foursquare’s Dennis Crowley To Talk About The Future Of AppsFoursquare is simply not as popular as Facebook, Twitter, or Instagram, even though the company is technically in the same category as those companies. In 2010, Foursquare CEO Dennis Crowley was even dubbed “The New King Of Social Media”—but four years later, Foursquare may be doing more rebuilding than refining.Swarm, Foursquare’s new social arm, will more or less need to build its community from the ground up; Crowley says the company is building tools to make it easier to bounce between Foursquare’s apps, but I doubt users like me, who primarily use Foursquare as a recommendation tool, will find Swarm appealing. A New Direction For FoursquareAs Swarm tries to popularize proximity apps, Foursquare will have its own hurdles to jump.The new Foursquare app to be released later this year will offer suggestions on where to go and what to order, based on users’ unique location histories. On the plus side, Foursquare’s directory of places consists of over six billion check-ins, which is more than any other service—arguably enviable by Google or Yelp. See Also: Foursquare CEO: How We’ll Tell You Where To Eat And What To OrderFoursquare will learn your behavior based on your previous check-ins and ambient location data—such as where you like to eat, or when you like to go to the movies—and tailor suggestions for where you should go next. The Foursquare app will eventually deliver push notifications when you are at a new location, and serve up suggestions for what to do there. Many places have “tips,” or small reviews written by Foursquare after they check in. Unlike Yelp, these Foursquare reviews tend to be short and concise. As Foursquare moves away from the check-in, these reviews will be the focal point of the new application.The only way for Foursquare to collect your location data once check-ins are removed is to use location services running in the background to track where you’ve been, which is concerning for privacy-conscious folks. In order to receive tailored push notifications, you’ll have to let Foursquare track you.Foursquare’s collection of places is likely robust enough on its own to succeed as a competitor to Yelp. But will users be comfortable giving up their location information to both Foursquare and casual contacts on a regular basis? I’m not convinced. Lead image via John Fischer on Flickr The first thing I did after downloading Foursquare’s new Swarm app was drastically cull my friends list on Foursquare from over 100 people down to just 19. When I joined Foursquare a few years ago, I was living in Arizona, still in college—a completely different lifestyle. As the years went by, things changed but my friends list kept growing. I stopped using Foursquare for checking in, and started using it as a location recommendation service, similar to Yelp. In my mind, it wasn’t really a social network anymore—in fact, I started keeping it among the travel apps on my iPhone.This is the concept Foursquare wants to build: to move beyond the check-in. The company’s recent unbundling of its services yielded two separate entities—Swarm, the social network; and Foursquare, the app you’ll use when trying to figure out what to do next.Foursquare isn’t the first social network to experiment with splitting up its services. Facebook, most notably, has been trying to unbundle itself for years, sometimes failing along the way. Its latest move—forcing Facebook users into Messenger if they want to chat on mobile devices—was largely criticized, for example.Foursquare is also taking a risk by dividing its efforts for two distinctly different services seemingly working in opposite directions. Yes, Foursquare’s location discovery application will use your check-in data from Swarm, but Swarm also wants to create a different social experience entirely.Swarm—Creepy Or Convenient?  The Dos and Don’ts of Brand Awareness Videos selena larson Related Posts last_img read more

A spark for Bolts

first_img“It was nice to get some momentum this tournament. It’s been a long time since we won two games in a row,” said coach Norman Black, whose charges improved to 3-2.“First half, I thought we struggled. In the second, Gani came up with a lot of energy, particularly off the boards. He [was the] difference for us in the second half.”FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesSPORTSSingapore latest to raise issue on SEA Games food, logisticsBaser Amer added 20 points for Meralco.Phoenix, without coach Louie Alas and top forward Calvin Abueva, turned to Matthew Wright and last season’s top rookie Jason Perkins to prop the squad that has been through a trying stretch. Ethel Booba twits Mocha over 2 toilets in one cubicle at SEA Games venue Two-day strike in Bicol fails to cripple transport Sports Related Videospowered by AdSparcRead Next NBA Finals odds jumping wild, too In the second game, Rain or Shine routed defending champion Barangay Ginebra, 104-81, behind a career night by Rey Nambatac, who registered 30 points, and Denzel Bowles’ double-double of 25 points and 17 rebounds.“I think [this game] was a challenge for the players. I told them that everybody becomes better when they play against Ginebra,” coach Caloy Garcia  said. “They’re the defending champions of this conference.”Meanwhile, the PBA will hold its annual blood donation drive on June 16 at the Big Dome.Held in partnership with the Philippine Red Cross and Smart Araneta Coliseum, the blood donation drive starts at 12 noon at the green gate.Qualified persons should be 18 to 60 years old, however, those from 61 to 65 years old must be a regular blood donor. Donors aged 16 and 17 years old should have their parent’s consent with them.ADVERTISEMENT Private companies step in to help SEA Games hosting ‘Rebel attack’ no cause for concern-PNP, AFP Duterte wants probe of SEA Games mess View commentscenter_img LATEST STORIES DA eyes importing ‘galunggong’ anew Don’t miss out on the latest news and information. Photo by Tristan Tamayo/INQUIRER.netMeralco rode on Gani Lawal Jr.’s monster game and took advantage of a deflated and depleted Phoenix Pulse, 101-95, in the PBA Commissioner’s Cup on, Friday night at Smart Araneta Coliseum.Lawal scored 28 points and pulled down 26 rebounds, both game-highs, to help the Bolts chalk up two consecutive victories—something they haven’t been able to do this season.ADVERTISEMENT Trending Articles PLAY LIST 00:50Trending Articles00:50Trending Articles00:50Trending Articles02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss Catholic schools seek legislated pay hike, too Cayetano: Senate, Drilon to be blamed for SEA Games mess MOST READlast_img read more

10 months agoLille join growing interest for Chelsea fullback Baba

first_imgLille join growing interest for Chelsea fullback Bababy Paul Vegas10 months agoSend to a friendShare the loveThe interest in Chelsea fullback Abdul Rahman Baba is growing.With Schalke cutting short Baba’s loan six months early, the Ghana international is fielding new offers from across Europe.Chelsea are happy for Baba to move out on a temporary deal again this month.And Revier Sport says Lille are the latest club to express interest in a loan deal.Baba has also attracted enquiries from Villarreal and Girona in recent days. TagsTransfersLoan MarketAbout the authorPaul VegasShare the loveHave your saylast_img read more

In Photos: Everything You Need To Know About ESPN’s Cassidy Hubbarth

first_imgCassidy Hubbarth at the ESPYs. Cassidy Hubbarth ESPN HotInstagram/HubbarthESPN’s Cassidy Hubbarth is one of the network’s rising stars, there’s no doubt. Hubbarth, who joined the Worldwide Leader back in 2010, hosts NBA Tonight on ESPN2, works the desk for ESPN News and occasionally gets the look for SportsCenter. You’ll probably be seeing more of her in the near future, too.Where is she from? What has her career looked like? What are her interests? And is she single? We’ve got those answers and more, along with a few photos.In Photos: Everything You Need To Know About Cassidy Hubbarth Pages: Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7last_img read more

Home sales in BC rise in October despite higher prices less choice

first_imgVANCOUVER – British Columbia’s housing market continues to power forward even though real estate experts say fewer properties are available for sale.The British Columbia Real Estate Association says there were 8,677 residential sales across the province in October, a leap of 19.3 per cent over the same period last year.The association says $6.25 billion changed hands during last month’s transactions, a 41.6 per cent increase over total sales value recorded in October 2016.The average residential price also climbed to $720,129, up 18.7 per cent over the same period last year.But association chief economist Cameron Muir says total active listings dipped 5.1 per cent in October and have declined 49 per cent over the last five years.He says the housing market is considered in relative balance when the number of sales is no more than 20 per cent higher than the number of active listings, but that ratio hit 31 per cent in October, and the lack of listings means sellers have the power to set their price.“A lack of supply in the resale market continues to put upward pressure on home prices in most BC regions,” Muir says.Since the start of 2017, the association says B.C. residential sales dollar volume is down 9.4 per cent to $63.8 billion, when compared with January to October last year.last_img read more

Poll panel serves showcause notice to Yogi over Modi ji ki Sena

first_imgNEW DELHI: The Election Commission on Wednesday served a showcause notice to Uttar Pradesh Chief Minister Yogi Adityanath for calling the Indian Army “Modiji ki sena”. The Commission has asked the BJP leader to file a reply by April 5. The development comes after the UP Chief Electoral Officer sought a transcript of Adityanath’s speech that he delivered in Ghaziabad to check whether there had been any violation of the Model Code of Conduct. At a rally in Ghaziabad on Sunday, while referring to developments post the Pulwama terror attack, Adityanath said while the Congress used to feed biryani to terrorists, Modiji’s Army gives bullets and bombs to terrorists. The EC had on March 19 asked political parties to “desist” from indulging in any propaganda involving actions taken by defence forces during their Lok Sabha poll campaigns.last_img read more