Existing home sales fall for the first time in 5 months

first_imgMessage* But there are some economists who question how much longer the housing market’s record year can continue. They argue that lower-income households are being left behind as lenders tighten their criteria for borrowers and job loss related to the pandemic continues.There are also signs that buyer demand is waning. NAR’s index tracking pending homes sales, which is seen as a leading indicator for future sales of existing homes, has declined for the past two months.Yun acknowledged that rising prices as a result of the past year’s surge in demand has pushed homeownership out of reach for some buyers, particularly first-time buyers who can’t rely on the sale of a previous home to finance a down payment.But, citing the $892 billion stimulus package Congress passed Monday, distribution of the vaccine and “very strong demand for homeownership,” Yun maintained that “robust growth is forthcoming for 2021.”Contact Erin Hudson Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink TagsHousing MarketResidential Real Estate Full Name*center_img Email Address* Share via Shortlink There were 6.69 million homes sold in November, seasonally adjusted, a 2.5 percent drop from 6.85 million in October, according to NAR. (iStock)Homebuyers took a step back last month, as the number of homes on the market reached a new low.There were 6.69 million homes sold in November, seasonally adjusted, a 2.5 percent drop from 6.85 million in October, according to the National Association of Realtors’ monthly report.Every region saw a decline or flat sales figures last month compared to October — though the number of sales are still up significantly year over year. Nationwide, November’s sales were up nearly 26 percent from a year ago.Inventory also continued to tighten, hitting a record low for the second consecutive month. Total housing inventory was 1.28 million units, down 9.9 percent from October’s record low of 1.42 million. November’s inventory is down 22 percent from a year ago, when there were 1.64 million units on the market. At the current sales pace, last month’s inventory will be sold in 2.3 months.Despite the low supply, prices slipped with the wane in demand from buyers. The median sales price was $310,800 in November, down from $313,000 in October. But the price was up about 15 percent compared to the median of $271,300 a year earlier.Lawrence Yun, NAR’s chief economist, said November’s report was “a marginal step back,” and maintained his view that the housing market would continue to perform well into 2021.“Sales for all of 2020 are already on pace to surpass last year’s levels,” he said in a statement.Read moreU.S. home sales rose again as inventory hits all-time lowThe mirage of low interest ratesSingle-family housing starts now at 2007 bubble levellast_img read more

Former Kotoko striker Acheampong aims to flourish in Angola

first_imgFormer Kumasi Asante Kotoko striker Ben Acheampong has registered his intention to take the Angolan Premier League (Girabola) by storm.The 22 year old scored one of two goals that aided his new team Atlético Petróleos Luanda to win a provincial cup last Sunday.The former Wa All Stars goal poacher is set for aother trophy wining feat as Petro – who won the 2012 Angolan FA Cup – take on 2012 Girabola winners Clube Recreativo Desportivo do Libolo in a champion of champions match.Acheampong is aware of the magnitude of the match involving two of Angola’s biggest football rivals and he is confident of his ability to help Petro Atletico win.“I always want to prove a point because football is my profession,” Acheampong said.“Today’s game is a very big one, a game that everyone is coming to watch. It is going to be a tough one because the two teams are both big teams and rivals too like Hearts and Kotoko so a win won’t come easy. “But I will go and do my best and I am confident Petro Atletico will beat Libolo to the cup.”Meanwhile, Acheampong is already making waves after scoring twice in three appearances for the 15 time Angolan league winners.He hopes to finish the season as top scorer of the Girabola.“It is my hope and desire to score in every game I play. I have already scored two goals out of three games and I hope to continue like this.“It is my dream to end the season as the top scorer. I will be happy because that is what I am praying for.”The striker joined Atlético Petróleos Luanda on a two year renewable contract from defending Ghana league champions Kumasi Asante Kotoko for an undisclosed fee.last_img read more

Galatasaray given European ban for breach of financial fair play

first_imgGalatasaray have been suspended from European competition for a year for breaching financial fair play rules, Uefa has confirmed.The club will be excluded from the Champions League or Europa League if they qualify this season or next.European football’s governing body said in January that the Turkish champions had broken regulations on the level of financial losses allowed.The Istanbul club is currently fifth in Turkey’s Super League.Finishing in that position would leave Galatasaray outside the qualifying places for next season’s Champions League and Europa League.The 2000 Uefa Cup winners have played in the Champions League for the past four seasons, going out at the group stage of this season’s competition. They dropped into the Europa League but lost to Lazio at the last-32 stage.Galatasaray official Iskender Baydar said that club directors are “examining the text of the decision” and will issue a statement later.–Follow Joy Sports on Twitter: @JoySportsGH. Our hashtag is #JoySportslast_img read more

Sunday feature: From Ferguson to Wellington, police worry about their safety

first_img Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments (5) Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings Sort by: Date Rating Last Activity Loading comments… You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. +14 Vote up Vote down Local · 211 weeks ago I am so grateful for all our law enforcement officers. Thank you! Report Reply 0 replies · active 211 weeks ago +8 Vote up Vote down Supporter · 211 weeks ago I’m putting a blue paint strip across the back window of the car to show support for police departments all over the USA. Join me. Report Reply 1 reply · active 211 weeks ago +2 Vote up Vote down Phil · 211 weeks ago Both of our vehicles have the blue line on the rear window. Report Reply +7 Vote up Vote down Thirsty · 211 weeks ago I really don’t see the type of actions coming out of Wellington like they do where I live in Wichita. Wellington is a community where Wichita is a large city. I live close to Hillside and Grove and there are thousands of African Americans many of whom never received the type of education that students get in a community like Wellington. If peace can be achieved up here I would say Wellington has absolutely nothing to worry about. Not that the police shouldn’t always prepare for the unexpected but the probability of something like that happening down there is exponentially lower than up here. Report Reply 0 replies · active 211 weeks ago +7 Vote up Vote down CJO · 211 weeks ago Thank you to the Police Officers here in Wellington. Report Reply 0 replies · active 211 weeks ago Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new comments by James Jordan, Sumner Newscow — Mass shootings across the nation, and accusations of police shooting innocent people, makes police officers nervous even in Wellington. There are advantages to small town living, and perhaps the lack of major violence is one of those advantages as shootings and mass demonstrations have not made their way to the city.Tracy HeathPolice Chief Tracy Heath said he believes the police in Wellington have a good relationship with the community, but they are still keeping their eyes open.“You never know,” Heath said. “I hope we never experience anything like that, but it does cause me to evaluate our training, review our equipment, and to remind our officers to always be alert and pay attention to their surroundings.”He believes a lot of misinformation is spread by social media, and feels that is the driving force behind a lot of violence across the nation.He said people are relying on unsubstantiated information that is spread on social media, and they are spreading it themselves, adding to the confusion and misinformation that is out there.Heath said he feels for the people in Minnesota, relatives of the people who were shot, as well as other places. He wishes people would let the justice system work.“People should let these things run through the courts and believe that the right thing will be done. I feel confident in that,” he added.But people are quick to rush to judgment, and if what they see on social media agrees with their ideas, it will encourage them and they will pass that along whether it is true or  not.Heath said Wellington is fortunate. There have been very few protests and certainly no major ones. Heath also said he does not believe there has been an officer shot, or a case where a policeman shot a citizen, in Wellington over his 28 year career with the police department.Anything can happen though, and Heath is quick to say there are no guarantees.“But I love the Wellington community. We have great citizens, and I think we have a good police department. We get along great with the community,” he said.There have been shootings in Wellington’s history. It was once part of the wild west, but it has been a long time.“I hope we never have to deal with that in Wellington,” Heath said. “But society has changed and I think technology has a lot to do with that.”With social media things can spread quickly across the world, and that has had a great influence.He believes people are more willing to challenge police officers than they were several years ago. He added though that in his experience there has not been a lot of problems with that in the city. There are people who don’t agree with what police officers are doing, and they may let that be known, but he said there are few cases of it getting out of hand.“You do occasionally have a citizen who is not respectful, or does not agree with our side in a situation, but that is understandable. There may be some folks who are not pro law enforcement, but I still think we have a good relationship,” he said.Heath said he also believes relations are good with minorities. A small town helps there because there are not as many people to start with. That makes it easier for police to be part of the community and to know more of the community. More people also know police officers individually in a small town, and that helps with relations too.Heath said he wants to have an open door to the community. He welcomes anyone with concerns, or thoughts, about the police to visit him and talk about the issues they have.Follow us on Facebook.Follow us on Twitter.last_img read more

England’s Adams wins Reid Trophy in play-off

first_imgFull results can be found here England’s Hugh Adams held his nerve to win the Reid Trophy on the fourth hole of a sudden death play-off at Reading Golf Club.The 13-year-old from Hagley Golf Club in Worcestershire defeated Spain’s Angel Ayora with a par and said: “It just felt great. I was just excited to lift up the trophy.“I didn’t come here expecting to win, I’m only 13 and I’ve still got another year so I was just trying to play well.”However, when he got within four shots of the lead after two rounds he was determined to go for it – and secured his place in the play-off with his three-under 67. It gave him a level par total and a tie with Ayora who closed with 66.“I tried to get off to a quick start,” he said. “I didn’t really know anything until about the 14th or 15th, but when I birdied the 16th I knew I had a chance.“Everything just started to go my way, I had a couple of nice bounces, took advantage of my luck and holed some nice putts.”Adams actually had a 10-footer on the 18th to win outright, but it slid past the hole and he was into the play-off.He’d been involved in sudden death once before and although he lost that time – on the eighth hole – the experience helped him.“I was quite relaxed, quite calm, but definitely determined,” he said.The first three play-off holes were halved in par, but on the fourth Ayora’s drive went behind a tree and his next just slipped out of bounds.Adams, who plays for his county, has been in good form this season, with high finishes at both the Midlands U16 championship and the Douglas Johns Trophy. “It’s been going well,” he said.Four other boys were in the top ten: Stuart Reis (Welwyn Garden City), Manato Nakatini (Hendon), Harley Smith (The Rayleigh Club) and Luke Perkins (Frilford Heath). Tags: Reid Trophycenter_img 9 Aug 2018 England’s Adams wins Reid Trophy in play-off last_img read more

Moms Work to Make Little Silver More Walkable

first_imgBy Jenna O’Donnell |LITTLE SILVER—More bikes than usual lined the bicycle racks outside of the borough’s two schools on a recent Wednesday morning.The bicycles, up from three or four the previous day, were a hopeful sign for Liz Gearon, a Little Silver mom who has led an effort to get more of the borough’s students walking and riding bikes to school. With an informal Walk and Wheels Wednesdays initiative this spring and a “walking school bus” program planned for the fall, Gearon and other like-minded parents hope to kick-start a long-term plan that will make Little Silver less car-centric and more pedestrian friendly.So far, the kids love it.“I think they feel a lot more energetic and refreshed just getting outside,” Gearon said. “My neighbor’s daughter came up to me and told me she’d ridden her bike to school every day and loves it. Her favorite part is the crossing guard.”Though informal, Walk and Wheels Wednesdays have mostly succeeded in getting more students walking with their friends to school or riding their bikes, and hopefully reducing some of the traffic at each of the schools. Some parents have been more reluctant to let their kids walk in a town where commuters often pass through in a hurry to catch the train.“There’s some resistance,” Gearon said, noting that most of the concerns were about safety. “People want better sidewalks, want other people to drive slower – all valid things.”To help alleviate some of those concerns, Gearon has been working with borough officials on brainstorming ways to make the streets safer for pedestrians and cyclists. One possible avenue is Complete Streets, a U.S. Dept. of Transportation coalition that assesses a town’s roads and sidewalks and makes recommendations on how to improve access and safety.Those recommendations, which typically might include a cross walk or bump out to slow down cars, can be instated gradually over time, as a community makes needed updates to roads and sidewalks. The point, Gearon said, is that the town must be committed to being bike and pedestrian friendly.“It’s not just something that we’ll have for a couple of years,” she said. “It’s a long-term plan that once we’ve committed to, it’s there for future generations.”As the school year winds to a close, Gearon is working to get a Walking School Bus program up and running for the fall. A “walking school bus” is exactly what it sounds like – a neighborhood-based group of children who walk to school with one or two adults. Three moms have volunteered as official coordinators, while neighborhoods will have specific coordinators as well. In the afternoons, Red Bank Regional students may volunteer to walk with younger kids for community service credits.“We are trying to get more kids aware and excited about it,” Gearon said. “Maybe we’ll get some of the kids from high school walking as well.”Gearon’s walking and riding initiatives have been enthusiastically supported by borough officials, with the mayor, council and recreation department director all on board. The hope is that if more students get used to walking or riding around town, they’ll be healthier and happier and do better in school. And once the kids get walking, maybe some of the parents will, too.“Kids shouldn’t be shuttled around, especially when it’s only a couple blocks,” Gearon said. “And this will reduce the traffic – which I think everyone wants.”This article was first published in the June 22-29, 2017 print edition of The Two River Times.last_img read more

Ex-Leaf named assistant captain with Trail Smoke Eaters

first_imgThe 18-year-old Wheeldon spent 2010-11 season in the Kootenay International Junior Hockey League with Nelson.Trail broke camp Sunday and now prepares for a handful of exhibition games beginning Tuesday in Chase against the Prince George Spruce Kings.The two teams also play Wednesday in Chase before Trail travels to Merritt to face the Centennials Friday.The only home preseason game for Trail is Saturday, September 1 against Merritt at the Cominco Arena. Game time is 7:30 p.m.Trail opens the 2012-12 BCHL season at 2012 Showcase Tournament September 7-9 at Prospera Centre in Chilliwack against the Cowichan Valley Capitals.Trail also plays Merritt Sunday, September 9 at 2:30 p.m.The 2012 Showcase tournament is a three-day event designed for the league to showcase all of its’ 16 teams in one venue for College and Pro scouts.The Penticton Vees open up defence of the 2012 RBC Cup title in the final of four games on opening day against host Chilliwack in the rematch of last season’s Semi-Final playoff series. The Nelson Daily has learned that former Nelson Leaf winger Adam Wheeldon has been named one of the assistant captains of the Trail Smoke Eaters for the 2012-13 B.C. Hockey League season.Wheeldon, entering his second campaign in the Silver City, is joined by Tyler Berkholtz as two of the three assistant captains on the club.The final assistant captain will be voted on by the players.The news comes after the Smokies announced forward Garrett McMullen as team captain during training camp.During his first season of Tier II Junior A hockey, the 5’10”, 185 Wheeldon scored three goals while adding 10 assists in 47 games.last_img read more