Investor Update: Single-Family Rent Price Growth Stabilizes

first_img Share Save  Print This Post Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Investment, Journal, Market Studies, News Home / Daily Dose / Investor Update: Single-Family Rent Price Growth Stabilizes The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Related Articles About Author: David Wharton Investor Update: Single-Family Rent Price Growth Stabilizes Governmental Measures Target Expanded Access to Affordable Housing 2 days ago David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years’ experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at [email protected] Governmental Measures Target Expanded Access to Affordable Housing 2 days ago September 16, 2020 1,404 Views CoreLogic Single-Family Rent Index Single-Family Rental Index 2020-09-16 David Wharton Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Tagged with: CoreLogic Single-Family Rent Index Single-Family Rental Index The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago CoreLogic’s Single-Family Rent Index, “which analyzes single-family rent price changes nationally and across more than 80 metropolitan areas,” reported this week that U.S. single-family rent growth stabilized for the first time since the beginning of the pandemic.CoreLogic’s July 2020 data showed a national year-over-year rent increase measuring 1.7%, That’s down from July 2019’s 2.9% YOY increase, and it represents the first stabilization in rent price growth since COVID-19 began impacting the nation earlier this year.According to CoreLogic’s Index, “In February, the coronavirus (COVID-19) pandemic set off a chain reaction in the rental market. Unemployment rates skyrocketed, leaving cash-strapped renters struggling to make ends meet and landlords lowering rates in the hopes of keeping their tenants, and local economies, afloat. Rent increases slowed sharply from an average of 2.9% in the first quarter of 2020 to 1.7% in May and 1.4% in June.”“Increases in single-family rent prices slowed dramatically this spring as the nation began to face the economic impact of the pandemic. As job losses slowed in July, rent growth steadied,” said Molly Boesel, Principal Economist at CoreLogic. “However, increases in rents should remain sluggish until the economy starts to experience employment gains.”At 4.7%—and for the 20th consecutive month—Phoenix, Arizona, experienced the highest year-over-year hike in single-family rents in June. That said, compared to its average growth rate of 6.5% in Q1 2020, rent growth there has begun to decelerate. Phoenix was followed by Tucson, Arizona, which inched up 4.1% in rent price growth in June, followed by Charlotte, North Carolina at 3.4%.Meanwhile, CoreLogic reports that areas that traditionally depend on tourism to help shore up their economy saw annual declines in their rent prices: Honolulu, Los Angeles, Miami, and Boston all saw declines, with Honolulu experiencing the worst drop at -1.3%.CoreLogic studies a quartet of tiers of rental prices for a precise look at prices of single-family rentals. In June, prices took a hit across all tiers, with a sustained widening gulf between the low-end and high-end tiers. In June, the national single-family rent growth across the four tiers, and the year-over-year changes, were as follows:Lower-priced (75% or less than the regional median): 2.5%, down from 3.7% in June 2019Lower-middle priced (75% to 100% of the regional median): 1.5%, down from 3.1% in June 2019Higher-middle priced (100% to 125% of the regional median): 1.4%, down from 6% in June 2019Higher-priced (125% or more than the regional median): 1%, down from 2.5% in June 2019 Previous: Mortgage Connect Earns Place on Financial Services List Next: Industry Webinar Spotlight: Mitigating Risk, CWCOT Changes Sign up for DS News Daily Subscribelast_img read more

Countrywide share price crashes as £129m debt refinancing deal is revealed

first_imgHome » News » Agencies & People » Countrywide share price crashes as £129m debt refinancing deal is revealed previous nextAgencies & PeopleCountrywide share price crashes as £129m debt refinancing deal is revealedThe beleaguered company’s shares dropped to 14p today, down from over £1.50 a year ago and over half yesterday’s price.Nigel Lewis2nd August 201803,690 Views Countrywide’s share price has crashed to an all-time low after it revealed plans earlier today of a multi-million-pound share issue to refinance its debt, and despite signs of improving business performance.Earlier this morning its share price dropped to 14p after opening this morning at 25p. Only three weeks ago it was trading at 55p a share and a year ago, £1.56p. The share collapse follows details of its plans to raise £129 million via two share offers, one for £111.4 million and a second for £28.6 million.This share placing must be approved by shareholders at a special meeting on the 28th August before it can proceed. But the company says if approved the cash raised will be used to reduce its current debts by 60%.The Capital Refinancing Plan is in part designed to improve its results by clearing its considerable loan interest payments off the balance sheet.Business turnaround?The announcement was accompanied by an upbeat summary of Countrywide’s ‘turnaround plan’.This reveals an improving sales pipeline which, although still down 9% year-on-year, is an improvement on six months ago when the pipeline was down by a quarter.Countrywide also says the number of properties it’s marketing at the moment has increased by 3% year-on-year, again a huge difference compared to 12 months’ ago when its book was down by 24%.The company is also selling more add-on services for each sale and now makes 43p extra on top of every £1 of sales revenue, up from 38p a year ago.“The capital refinancing announced today is a significant milestone for the Group,” says Executive Chairman Peter Long (pictured, left).“It will enable us to build upon the progress we have made to date on our three-year recovery plan as we deliver our return to growth strategy.“Although it is still very early in the turnaround, we are encouraged by the operational improvements that we are making and the tangible results that are being achieved.”Countrywide has also promoted Paul Creffield to Group Managing Director following a six-month stint as Group Operations Director. He joins the firm’s board.Peter Long Paul Creffield share price Countrywide August 2, 2018Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021last_img read more

Wilfried Zaha posts cryptic tweet after Arsenal’s £40m transfer bid is rejected

first_img Top articles Full Screen Read More SPONSORED Arsenal’s opening bid of £40m for Wilfried Zaha was turned down by Crystal Palace (Picture: Getty)Wilfried Zaha has got Arsenal fans talking with a cryptic tweet amid speculation that he could be set for a move to the Emirates this summer.Arsenal have had a bid of £40million rejected for Zaha, with Crystal Palace holding out for a fee of around £70m for the 26-year-old forward.Unai Emery has a tight transfer budget following the Gunners’ failure to secure Champions League qualification, but they have not given up hope of signing Zaha just yet.While Palace were reportedly left ‘furious’ and ‘incensed’ by the opening offer, Arsenal are already lining up their next move to lure Zaha from south to north London..AdvertisementAdvertisementADVERTISEMENT 1/1 Coming Next Video Settings Ian Wright is confident Zaha would be a ‘magnificent’ signing for his former club this summer.‘We’re trying to get Wilfried Zaha, which would be magnificent,’ Wright told The South China Morning Post.‘You want competition for places. Defensively, I think everyone can agree, we need some strength in there.More: FootballBruno Fernandes responds to Man Utd bust-up rumours with Ole Gunnar SolskjaerNew Manchester United signing Facundo Pellistri responds to Edinson Cavani praiseArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira moves‘You can always strengthen in the midfield. Aaron Ramsey’s gone.‘We need that midfielder who is going to join the front guys and try to contribute with goals.‘Goals is a premium so you always want to be linked with a striker that might be able to come and help.’MORE: PSG want Arsenal target Malcom as part of deal to send Neymar back to Barcelona Read More Advertisement PLAY Read More It’s no secret that Zaha grew up supporting Arsenal and his brother, Judicael, has pleaded with Palace to let the attacker seal his ‘dream’ transfer.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityIn a tweet on Saturday, Zaha appeared upset with the constant speculation of people speaking for and about him – but it’s not clear who specifically the message was aimed at.‘Whatever happened to speaking facts?’ the Ivory Coast international told his followers.‘Its sad and annoying how anyone will just open their mouth and speak on things or situations they know absolutely nothing about.’ Skip Rio Ferdinand tells Ole Gunnar Solskjaer to drop struggling center_img Visit Advertiser website GO TO PAGE Advertisement Skip Ad About Connatix V67539 Zaha is currently on international duty with the Ivory Coast at the 2019 Africa Cup of Nations and scored in the side’s 4-1 victory over Namibia on Monday.Speaking ahead of the Ivory Coast’s last-16 clash with Mali, Zaha refused to rule out a move to Arsenal in the coming weeks.Asked about Arsenal’s failed £40m offer, Zaha told On Sport: ‘I have no comment on it. The only thing that’s on my mind right now is trying to win this cup [AFCON].’Pushed on whether he would like to play for Arsenal, he replied: ‘I don’t know… we’ll see in the future.’ 1 min. story / by Metro Read More Metro Sport ReporterSaturday 6 Jul 2019 4:49 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link782Shares Read More Manchester United captain Harry Maguire Comment Wilfried Zaha posts cryptic tweet after Arsenal’s £40m transfer bid is rejectedlast_img read more

NBA games today: Full TV schedule for 2020 season restart on Saturday, Aug. 1

first_imgMORE: Watch select NBA games live with fuboTV (7-day free trial)National TV broadcasts of the NBA games from the Orlando bubble will be shown by four different networks — ABC, ESPN, TNT, NBATV — and Saturday’s schedule features an ESPN quadruple-header. Below is the complete schedule of NBA games for Saturday, Aug. 1, including the four national TV games.NBA games todaySaturday’s schedule of games is about as good as it gets for the casual NBA fan. It features four national TV games in a row, all on ESPN. The only exception is the 76ers-Pacers game, which only will be available locally or on NBA League Pass.GameTime (ET)National TVHeat vs. Nuggets1 p.m.ESPN, fuboTVJazz vs. Thunder3:30 p.m.ESPN, fuboTVPelicans vs. Clippers6 p.m.ESPN, fuboTV76ers vs. Pacers7 p.m.—Lakers vs. Raptors8:30 p.m.ESPN, fuboTVESPN and TNT are available from almost all United States cable providers, but NBATV is only offered by Verizon (channels 89 and 589) and Comcast (channels 734 and 478).For those who have ESPN and TNT included in their cable/satellite subscriptions, live stream presentations of those networks’ NBA games can be found on the ESPN app and the Watch TNT app, respectively.For those who don’t have a cable or satellite subscription, there are five major OTT TV streaming options that carry ESPN — fuboTV, Sling, Hulu, YouTubeTV and AT&T Now. Of the four, fuboTV, Hulu and YouTubeTV offer free trial options.Below are links to each.fuboTV (free trial)SlingHulu (free trial)YouTubeTV (free trial)AT&T NowOf the four services, Hulu is the only one that does not carry NBATV. FuboTV carries NBATV but not ESPN or TNT. All NBA seeding games played in Orlando also will be available to steam via NBA League Pass at a reduced price ($28.99) since there are so few games left in the season. However, games on NBA League Pass are blacked out in local markets.NBA schedule 2020The full 2020 NBA regular-season schedule, including tip-off times and TV channels, is listed below by date.Times and TV channels for the final two days of seeding games have not yet been revealed.July 30GameTime (ET)National TVJazz vs. Pelicans6:30 p.m.TNTClippers vs. Lakers9 p.m.TNTJuly 31GameTime (ET)National TVMagic vs. Nets2:30 p.m.—Grizzlies vs. Trail Blazers4 p.m.NBA TVSuns vs. Wizards4 p.m.—Celtics vs. Bucks6:30 p.m.ESPNKings vs. Spurs8 p.m.—Rockets vs. Mavericks9 p.m.ESPNAug. 1 GameTime (ET)National TVHeat vs. Nuggets1 p.m.ESPNJazz vs. Thunder3:30 p.m.ESPNPelicans vs. Clippers6 p.m.ESPN76ers vs. Pacers7 p.m.—Lakers vs. Raptors8:30 p.m.ESPNAug. 2GameTime (ET)National TVWizards vs. Nets2 p.m.—Trail Blazers vs. Celtics3:30 p.m.ABCSpurs vs. Grizzlies4 p.m.—Kings vs. Magic6 p.m.NBA TVBucks vs. Rockets8:30 p.m.ABCMavericks vs. Suns9 p.m.—Aug. 3GameTime (ET)National TVRaptors vs. Heat1:30 p.m.NBA TVNuggets vs. Thunder4 p.m.NBA TVPacers vs. Wizards4 p.m.—Grizzlies vs. Pelicans6:30 p.m.ESPNSpurs vs. 76ers8 p.m.—Lakers vs. Jazz9 p.m.ESPNAug. 4GameTime (ET)National TVNets vs. Bucks1:30 p.m.NBA TVMavericks vs. Kings2:30 p.m.—Suns vs. Clippers4 p.m.NBA TVMagic vs. Pacers6 p.m.—Celtics vs. Heat6:30 p.m.TNTRockets vs. Trail Blazers9 p.m.TNTAug. 5GameTime (ET)National TVGrizzlies vs. Jazz2:30 p.m.—76ers vs. Wizards4 p.m.NBA TVNuggets vs. Spurs4 p.m.—Thunder vs. Lakers6:30 p.m.ESPNRaptors vs. Magic8 p.m.—Nets vs. Celtics9 p.m.ESPNAug. 6GameTime (ET)National TVPelicans vs. Kings1:30 p.m.NBA TVHeat vs. Bucks4 p.m.TNTPacers vs. Suns4 p.m.—Clippers vs. Mavericks6:30 p.m.TNTTrail Blazers vs. Nuggets8 p.m.—Lakers vs. Rockets9 p.m.TNTAug. 7GameTime (ET)National TVJazz vs. Spurs1 p.m.—Thunder vs. Grizzlies4 p.m.NBA TVKings vs. Nets5 p.m.—Magic vs. 76ers6:30 p.m.TNTWizards vs. Pelicans8 p.m.—Celtics vs. Raptors9 p.m.TNTAug. 8GameTime (ET)National TVClippers vs. Trail Blazers1 p.m.TNTJazz vs. Nuggets3:30 p.m.TNTLakers vs. Pacers6 p.m.TNTSuns vs. Heat7:30 p.m.—Bucks vs. Mavericks8:30 p.m.ESPNAug. 9GameTime (ET)National TVWizards vs. Thunder12:30 p.m.—Grizzlies vs. Raptors2 p.m.—Spurs vs. Pelicans3 p.m.ABCMagic vs. Celtics5 p.m.—76ers vs. Trail Blazers6:30 p.m.NBA TVRockets vs. Kings8 p.m.—Nets vs. Clippers9 p.m.NBA TVAug. 10GameTime (ET)National TVThunder vs. Suns2:30 p.m.—Mavericks vs. Jazz3 p.m.NBA TVRaptors vs. Bucks6:30 p.m.ESPNPacers vs. Heat8 p.m.—Nuggets vs. Lakers9 p.m.TNTAug. 11GameTime (ET)National TVNets vs. Magic1 p.m.—Rockets vs. Spurs2 p.m.NBA TVSuns vs. 76ers4:30 p.m.—Trail Blazers vs. Mavericks5 p.m.—Celtics vs. Grizzlies6:30 p.m.TNTPelicans vs. Kings9 p.m.TNTBucks vs. Wizards9 p.m.—Aug. 12GameTime (ET)National TVPacers vs. Rockets4 p.m.NBA TVRaptors vs. 76ers6:30 p.m.ESPNHeat vs. Thunder8 p.m.—Clippers vs. Nuggets9 p.m.ESPNAug. 13GameTime (ET) National TVWizards vs. CelticsTBDTBDTrail Blazers vs. NetsTBDTBDKings vs. LakersTBDTBDBucks vs. GrizzliesTBDTBDPelicans vs. MagicTBDTBDMavericks vs. SunsTBDTBDSpurs vs. JazzTBDTBDAug. 14GameTime (ET) National TV76ers vs. RocketsTBDTBDHeat vs. PacersTBDTBDThunder vs. ClippersTBDTBDNuggets vs. RaptorsTBDTBD The NBA’s official restart of its 2019-20 season in the Orlando bubble technically came Thursday night with a doubleheader featuring Pelicans vs. Jazz and Lakers vs. Clippers, but Saturday’s slate of NBA games is the second in what will be 15 straight days of nonstop basketball.Each of the 22 teams that were invited to resume the NBA season after four-plus months away from the court is scheduled to play eight seeding games before the playoffs begin in mid-August. That means the NBA had to pack up to six games per day over the span of a couple weeks — a beautiful sight for basketball fans.last_img read more

RAPIST ADMITS BREACHING BAIL AFTER HE FLED TO DONEGAL

first_imgA convicted rapist from Northern Ireland who went on the run in Donegal has admitted breaching the terms of the police sex offenders register.Rapist Joseph McCabe went on the run in Donegal.Joseph McCabe, 29, pleaded guilty at Belfast Crown Court to failing to notify police of his intention to travel outside the UK. McCabe was released from jail last April and went on the run turning up in Burtonport with another convicted man.The pair later handed themselves in after Donegal Daily exposed their whereabouts.McCabe, originally from west Belfast but now with an address at a city centre hostel, went on the run after serving half of a 14-year jail term for the rape and burglary of a pensioner, sparking an island-wide manhunt.On 1 February 2005, McCabe and another man broke into the home of a then aged 64-year-old woman and subjected her to what a judge described as a “terrifying prolonged ordeal” and a violent sexual offence carried out with “significant gratuitous violence”.Last May, Judge Kevin Finnegan QC, who originally jailed McCabe for the pensioner’s rape, suspended his licence for a year, sending him back into custody for 12 months.The judge adjourned passing sentence in the breach matters until pre-sentence probation reports have been compiled next month.RAPIST ADMITS BREACHING BAIL AFTER HE FLED TO DONEGAL was last modified: September 5th, 2013 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:donegaljoseph mccaberapistlast_img read more