Eurozone GDP set to rise

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.cominvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comHero WarsBig Boss of internet games!Hero WarsWorld LifestyleCouple Has No Idea Why Photo Goes Viral, Then They Notice This In The CornerWorld LifestyleFilm OracleHer Love Triangle Inspired 3 Of The Most Popular Songs Ever WrittenFilm Oracle Show Comments ▼ Eurozone GDP set to rise Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof whatsapp Monday 13 September 2010 8:44 pm Sharecenter_img whatsapp The Eurozone economy is likely to grow almost twice as fast this year as previously thought and is now on solid ground, the European Commission said yesterday.In its twice-yearly interim economic forecasts for the 27-nation EU and the 16 countries using the single currency, the EU executive said it now expected the Eurozone to grow by 1.7 per cent this year, rather than the 0.9 per cent it forecast in May and up from a 4.1 per cent contraction in 2009.The Commission also cranked up its previous forecast of the scale of GDP growth in the UK for the whole of this year from 1.2 per cent to 1.7 per cent.“We now have solid ground under our feet. We have started scoring again, but there is no reason to shout for victory. We must remain alert and vigilant,” economic and monetary affairs commissioner Olli Rehn said.The Commission forecast is in line with projections by the European Central Bank which said on 2 September it expected Eurozone growth to be between 1.4 and 1.7 per cent this year. However, it warned the recovery remained fragile. KCS-content Tags: NULLlast_img read more

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Long-term partnerships lift IGT

first_img Topics: Casino & games Finance Lottery Sports betting Tribal gaming IGT CEO Marco Sala has cited the impact of the company’s long-term contracts for a “solid performance” in the third quarter.In the three months through to September 30, operating income amounted to $200m (£157m/€176m), up from a loss of $556m in the same period last year.Adjusted EBITDA climbed 3% year-on-year to $443m, but revenue was down 4% on a constant currency basis from $1.22bn to $1.16bn. Net debt also increased by 3% to $7.57bn.“Solid performance and important, long-term contracts drove very good third-quarter and year-to-date results,” Sala (pictured) said.“Global Lottery same-store revenues for instants and draw games rose mid-single digits. The installed base of gaming machines was up, and unit shipments of gaming machines increased 10%.“And, we enjoyed particularly strong sales and profit growth in Italy, confirming the vitality of that important market. We are firmly on track to achieve our 2018 financial and operational goals.”IGT also confirmed in an earnings call that it expects adjusted EBITDA to come in at the top range of guidance for the year, between $1.7bn and $1.78bn. Capital expenditure is also currently on track for the full year.During the period, IGT pushed forward with growth plans in regulated sports betting markets across the US following the repeal of PASPA earlier this year.IGT last month struck a partnership with William Hill US to offer lotteries a full-service solution for sports betting, having already secured a joint deal with the Rhode Island Lottery.IGT has also expanded its sports betting services into the tribal gaming sector by linking up with the Mississippi Band of Choctaw Indians, secured a sports betting licence in West Virginia, agreed to provide sports betting services to MGM in New Jersey, and is also working with FanDuel in the state.Reflecting on the results, analysts from Regulus Partners said that IGT could face problems moving forward in terms of its lack of commitment to digital research and development.Regulus said IGT is “over-indexing in capital intensive volume retail gambling”, noting that this market sector is “suffering from channel shift pressure, increased regulatory scrutiny and an increasingly challenging R&D environment”.The analysts added: “While an enhanced digital capability might form part of the potential strategic solution, this remains a tiny part of the group and execution thus far has been poor.“With the US potentially now adopting digital gambling products at a faster rate than the previous snail’s pace, and both channel shift and regulatory scrutiny starting to bite in Italy, emerging weaknesses in IGT’s last major bastions of semi-protected 20th Century business practices might start to make the lack of digital scale and credibility a pressing strategic issue.” Adjusted EBITDA up despite 5% revenue drop 31st October 2018 | By contenteditor Email Address Tags: Online Gamblingcenter_img Long-term partnerships lift IGT Casino & games Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more

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Societe Generale Ghana Limited (SOGEGH.gh) 2012 Annual Report

first_imgSociete Generale Ghana Limited (SOGEGH.gh) listed on the Ghana Stock Exchange under the Financial sector has released it’s 2012 annual report.For more information about Societe Generale Ghana Limited (SOGEGH.gh) reports, abridged reports, interim earnings results and earnings presentations, visit the Societe Generale Ghana Limited (SOGEGH.gh) company page on AfricanFinancials.Document: Societe Generale Ghana Limited (SOGEGH.gh)  2012 annual report.Company ProfileSociété Générale Ghana Limited is a financial services institution offering banking products and services to the retail, corporate, investment and treasury sectors in Ghana. Its retail product offering ranges from current and savings accounts to education loans, finance lease facilities and e-banking services. Its corporate product offering ranges from transactional banking to bonds and guarantees, working capital and capital expenditure financing and corporate staff credit conversion services. Société Générale Ghana Limited also offers loans and credit facilities as well as deposits and transaction accounts for small- and medium-sized enterprises. The company was founded in 1975 and was formerly known as SG-SSB Limited until 2013 and its name was changed. Société Générale Ghana Limited is a subsidiary of SG Financial Services Holding. Its head office is in Accra, Ghana. Société Générale Ghana Limited is listed on the Ghana Stock Exchangelast_img read more

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Car & General Limited (CG.ke) 2013 Abridged Report

first_imgCar & General Limited (CGEN.ke) listed on the Nairobi Securities Exchange under the Engineering sector has released it’s 2013 abridged results.For more information about Car & General Limited (CGEN.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the Car & General Limited (CGEN.ke) company page on AfricanFinancials.Document: Car & General Limited (CGEN.ke)  2013 abridged results.Company ProfileCar & General Limited supplies power generation, automotive, engineering and agricultural equipment in Kenya. The company also imports and markets brands which are global leaders in various markets; including two- and three-wheeler vehicles, tractors, outboard engines, air compressors, laundry equipment and water pumps. Car & General Limited has subsidiary companies in Uganda and Tanzania, and branches in Arusha and Rwanda where it is the master distributor for Cummins (diesel generators, engines and parts). In Tanzania, Car & General manage Kibo Poultry Products Limited which is one of the oldest chicken broiler farms in Africa. It is the master distributor for Cummins diesel generators, engines and parts in Kenya, Uganda, Tanzania, Rwanda, Ethiopia, Eritrea, Djibouti, Seychelles, South Sudan and Somalia. The company was established in 1936 in Nakuru, Kenya; its head office and main operations were relocated to Nairobi following the rapid expansion of the business. Car & General Limited is listed on the Nairobi Securities Exchangelast_img read more

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Six Nations: France 26-24 England

first_imgLATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS Break point: Luther Burrell – who scored a try on his debut – busts the line against FranceBy Sarah Mockford at Stade de FranceThe match in 30 secondsA Yoann Huget try in the first minute stunned England, but it was Gael Fickou’s late effort that won the game for France. England had fought back to lead 24-19 having trailed 16-3 – Luther Burrell scoring a try on debut and Danny Care dictating play – but France stretched England in the 78th minute and Fickou skipped through defenders out wide to touch down under the posts, Maxime Machenaud converting.France – Tries: Huget 2, Fickou. Con: Machenaud. Pens: Doussain2, Machenaud.England – Tries: Brown, Burrell. Con: Farrell. Pens: Farrell 2, Goode. DG: Care.Head to head: Yoann Huget and Mike BrownPost-match bulletin–       Bernard Le Roux topped the tackle charts (12) despite leaving the field at half–time. Tom Wood (11) was England’s best tackler.–       Brice Dulin made the most metres (106) while Billy Vunipola was the top carrier (17).–       England enjoyed more possession (59%) and territory (63%), made more carries (153 to 104) and metres (591 to 499).–       England conceded twice as many penalties as France – eight to four.–       Jonny May broke his nose badly so is a serious doubt. NOT FOR FEATURE –       Graham Rowntree bemoaned the six points England conceded at scrum time – they had a 60% scrum success rate – and said they will be looking at that area this week.What’s next?–       England were overrun at the breakdown in the first half, conceding numerous turnovers as ball-carriers ran into contact with no support and were left isolated. They need to be more intelligent in their breakdown play against Scotland or will struggle for quick ball.–       There was also a little confusion early on with the back three, Nowell caught out a couple of times, but he recovered well and should be given more time to adapt.–       France brought the flair back to their game, counter-attacking well from deep and feasting on turnover ball. If they can do that for 80 minutes against Italy – rather than in the spells they did here –they are likely to be two wins from two in the Six Nations.Match-winner: Fickou should start v ItalyRW’s proposed France XV v Italy:Brice Dulin; Yoann Huget, Wesley Fofana, Gael Fickou, Maxime Médard; Jules Plisson, Maxime Machenaud; Thomas Domingo, Dimitri Szarsewski, Nicolas Mas, Yoann Mestri, Pascal Papé, Yannick Nyanga, Bernard Le Roux, Louis Picamoles.Fickou gets a chance to show his talents in place of Bastareaud, who failed to make an impact against England. Also a good opportunity to see what Machenaud can do from the off while Maestri earned a start with his replacement performance.RW’s proposed England XV v Scotland: Alex Goode; Jack Nowell, Luther Burrell, Billy Twelvetrees, Mike Brown; Owen Farrell, Danny Care; Joe Marler, Dylan Hartley, Dan Cole, Joe Launchbury, Courtney Lawes, Tom Wood, Chris Robshaw, Billy Vunipola.If David Wilson was fit he’d be pushing his case to start ahead of Cole. With May injured and the likely heavy ground at Murrayfield, Goode starts at full-back, Brown is on the wing and Anthony Watson can provide a spark from the bench. The rest of the team get a chance to show a positive reaction to tough defeat. And replacements should be given careful consideration during the match – Dickson coming on for the influential Care on 60 minutes looked a little early given the state of the game.last_img read more

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CỘI House / Coi Design

first_imgCopyHouses•Hoa Xuan, Vietnam ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/927583/coi-house-coi-design Clipboard Vietnam Tran Dang Khoa Photographs 2019 Projects “COPY” Photographs:  QuangDam Manufacturers Brands with products used in this architecture project Houses CopyAbout this officeCoi DesignOfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesHoa XuanHòa XuânOn FacebookVietnamPublished on November 04, 2019Cite: “CỘI House / Coi Design” 04 Nov 2019. ArchDaily. Accessed 10 Jun 2021. ISSN 0719-8884Browse the CatalogPanels / Prefabricated AssembliesTechnowoodSiding Façade SystemWindowsMitrexSolar WindowMetal PanelsAurubisPatinated Copper: Nordic Green/Blue/Turquoise/SpecialMetal PanelsDri-DesignMetal Panels – CopperIn architectureSikaBuilding Envelope SystemsExterior DeckingLunawoodThermowood DeckingMembranesEffisusFaçade Protection – Breather+Metal PanelsPure + FreeFormCustom Metal Cladding – Legacy Fund 1 BuildingWood Boards / HPL PanelsInvestwoodWood Fiber Partition Walls – ValchromatDoorsLinvisibileLinvisibile FILO 10 Vertical Pivot Door | BrezzaSkylightsFAKROEnergy-efficient roof window FTT ThermoToilets / BidetsBritexToilets – Accessible Centurion PanMore products »Save想阅读文章的中文版本吗?CỘI 之家,立面材质的叠加 / Coi Design是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream Manufacturers: AutoDesk, Sika, Hafele, Ikea, Square Home, Trimble, wisdomcenter_img Area:  230 m² Year Completion year of this architecture project Year:  City:Hoa XuanCountry:VietnamMore SpecsLess SpecsSave this picture!© QuangDamRecommended ProductsWindowsVitrocsaMinimalist Window – SlidingDoorsdormakabaEntrance Doors – Revolving Door 4000 SeriesWindowsJansenWindows – Janisol PrimoWoodSculptformTimber Click-on BattensText description provided by the architects. There is a really rustic, peaceful place in the heart of the bustling city, which is Coi House. A very specific and artistic architecture makes us fascinated at the first sight. The house is located on Mac Dang Dung street, new urban area of Hoa Xuan, Cam Le , Da Nang. Take advantage of being near the river, the architect has refined the design of the doorways and skylights so that the house can always receive natural light and the cool breeze every day.Save this picture!© QuangDamSave this picture!First floor planSave this picture!© QuangDamWatch the rays of light glide through the small wind with a cup of coffee makes your day more meaningful than ever. Entering the gate, a row of green bamboos is planted on the corner, making viewers extremely excited. Each room is a separate structure with rustic, nature design. Aisles, stairs, unique interiors connect space together and bring more comfort.Save this picture!© QuangDamThe living room is quite spacious, exhibited interior with natural wood, in harmony with the green energy of small plants grown by each of the family member. With the desire not only to build a house to live in, but also a place to build love, close friendship and save beautiful moments together.Save this picture!ElevationThe kitchen is designed modernly near the airy skylight, with full amenities for the user. The layout of the dining table overlooking a small garden is enough to make family meals become cozy, sweet and closer to nature. The meticulous attention to detail of the countless interior furniture is enough to see the serious investment of its owner, making viewers never tired of eyes.Save this picture!© QuangDamThe house is more splendid and attracts all eyes when lighted up at night by the harmonious color. The aesthetics of the house are created by skillful arrangement of hundreds of windflowers, combined with rough walls that bring light into the interior and maximize the view to the outside. With a unique design, an interior close to nature, the house will surely bring you interesting experiences.Save this picture!© QuangDamProject gallerySee allShow lessArchDaily Topics – November: Under The RadarArchitecture NewsJacupiranga House / CR2 ArquiteturaSelected Projects Share CỘI House / Coi DesignSave this projectSaveCỘI House / Coi DesignSave this picture!© QuangDam+ 27Curated by Paula Pintos Share ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/927583/coi-house-coi-design Clipboard Architects: Coi Design Area Area of this architecture project ArchDaily Lead Architects: “COPY” CỘI House / Coi Designlast_img read more

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Social networking website created for not-for-profit sector

Social networking website created for not-for-profit sector Tagged with: Digital  46 total views,  4 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 9 August 2007 | News Recruitment specialists Charity People have created a social networking website for people in the not-for-profit sector. The site offers networking, forums, blogs and other tools for users, and aims to build on the company’s Forum3 recruitment event, and other recruitment services.Launched as more and more sector staff engage with generic social networking sites such as LinkedIn and Facebook, the free service offers a range of tools including:* network with peers in the sector and keep up with recent developments* set up discussion groups and invite members to join* create an online meeting place for your team, department or other colleagues* write a blog about your experiences in the sector* post news about upcoming eventsThe site is in its early days so there is very little user generated content on the forums (which includes one on “Fundraising, grant making and giving”), groups and blogs. It forms part of the forum3.co.uk site, which claims it is “the definitive jobs and networking resource for the charity and not-for-proft sector.”The site aims to bring recruitment information and professional networking services together, which has so far not been attempted in the UK charity sector. Charity People’s Gerry McNally said: “The Network is a support tool for our forum3 event – allowing visitors and exhibitors to interact with each other before, during and after the event.”As such, it differs from Facebook and other social networking sites because it is clearly promoting a specific supplier and event. It is also focusing on a ‘vertical market’. This is its strength of course: if sufficient delegates to its event and users of its service can be persuaded to sign up and use it then it could hit critical mass and expand considerably. However, the site will have to compete with sites like Facebook, which have already seen a good deal of activity by charity sector staff.  45 total views,  3 views today Advertisement AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. read more

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Applications open for Clore Social Fellowships 2014

first_imgThe Fellowship programme lasts 12 or 24 months, on a full or part-time basis. Fellows attend residential courses, and benefit from coaching and mentoring. They also undertake an extended secondment and engage in a practice-based research project.Once the programme is complete Fellows continue to benefit from membership of this Fellowship network, which has become a prestigious network of influential individuals pioneering social change in the UK and internationally.The deadline for completed applications is midday on 10 June 2013. Applications open for Clore Social Fellowships 2014 Applications open today for the 2014 Clore Social Fellowships. Up to 20 of these will be offered to “exceptional individuals who have the potential to take on a significant leadership role in the wider social sector”.To be eligible, applicants must be working (or volunteering) in or closely with the wider social sector. They must also have demonstrated leadership potential in some of the work they have already undertaken. Applicants working internationally for UK-based organisations are now eligible.This is the fifth round of fellowships to be offered by the Clore Social Leadership Programme. Each Fellow benefits from a personalised leadership development programme. Advertisement AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 29 April 2013 | News  4 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

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Abalos tackling ECISD problems

first_imgHome Local News Education Abalos tackling ECISD problems By admin – February 25, 2018 Previous articleECISD sets parent meetingsNext articleGOOD NEWS: Junior League Graduates admin RELATED ARTICLESMORE FROM AUTHOR Delma Jimenez Abalos and her nine brothers and sisters were raised knowing education was a must, and she is bringing that approach to her second stint on the ECISD Board of Trustees.It was a tough undertaking for the 64-year-old Odessa native to go back to college in middle age, get bachelor’s and master’s degrees at UTPB and become a history instructor 15 years ago at Odessa College; so it is with utter sincerity that she tells young people getting an education is worth the effort, no matter how hard it may be.Abalos’ late father Rafael, an oilfield construction worker, and late mom Viola had only gone to elementary school and the eighth grade, respectively, and were unyielding on the subject. “There was no choice about going to school,” she said.“We were not quitting, and we were graduating. If we got punished at school, it would be a lot worse at home. I definitely think more parents should take that attitude. So many kids are not coming from that kind of an environment.”Nine of the Jimenez kids graduated from high school, and the one who didn’t earned a GED. After graduating from Ector High School in 1971, Abalos attended Odessa College and married her husband Richard, an attorney with whom she has three children and two grandchildren.She was a secretary at Magnetic Media from 1974-76 and Ector County personnel director from 1982-88.Abalos credits Richard for his encouragement and financial backing and her mother and sisters for helping with her children when she enrolled at UTPB in the mid-1990s, earning a bachelor’s degree in history and government and a master’s in American history, for which her thesis was on “Mexican-American Military Veterans.”“What I thought was so impressive was that so many young men enlisted,” Abalos said. “They didn’t want to be drafted to go serve our country. They were very heroic. I’m proud to be an American, but I’m proud of my Mexican-American roots.”She was an Odessa school board member from 1988-2004, and she defeated incumbent Teri Ervin for a four-year term last May.Asked if she experienced discrimination like that reported by Vickie Gomez, who was on the board from 1976-88, in a November 2016 interview, Abalos said, “No, because Vickie paved the way for me.“She had fought those big fights like our school desegregation fight.”Abalos recently weathered two family crises when her sister Diana Campos died Dec. 4 and brother Ruben Dec. 31. “It was a very tough month,” she said.Her big educational goal is to help ECISD and its “improvement required” schools get on track and out of Dutch with the state. “Friends encouraged me to run because of the situation we find ourselves in,” Abalos said, adding that the school board, administration and teachers “are working on it and doing a good job.”She said the numerous volunteers from the community who have pitched in at the schools are making an impact.Abalos said teachers are sometimes told by teenage boys, “I can make more money than you do working in the oilfield.”“But I always say, ‘Education is something you will have forever,’” she said. “‘Nobody can take it away from you, and besides that, you should be a lifelong learner.’“Kids today are living in a much more difficult environment than we had when I grew up. We had family all around us, so we didn’t dare mess up. When I was in elementary school, I knew one person whose parents had divorced, and there were only a few in junior high. Divorce causes a lot of problems. I was able to do a lot because I always had family around to help me.”For 34 years, Abalos has belonged to a group called “The Group” that meets for lunch each fourth Monday at various restaurants. The late Lee Buice was one of the original dozen women who have slowly dwindled to five, also including Peggy Dean, Grace King, Lorraine Perryman and Betsy Triplett-Hurt, who says Abalos “doesn’t judge people by what’s on the outside but by what’s on the inside, in the heart.“Delma is passionate, intelligent and fun,” said Triplett-Hurt, who chairs the Odessa Development Corp. “She laughs at herself and pokes fun at others as well. She has a heart for so many people and all kinds of people. That’s one of the reasons why education is so important to her, although she doesn’t believe everyone has to have a college degree.“Delma is selfless. In all these years, when her sister and brother died was the first time I saw her cry. Yet she made sure the rest of her family was taken care of. Instead of sitting around talking about something and bad-mouthing it, she gets in there and gets to work. She is humble and yet very self-assured. She is an achiever.”Perryman, a former Odessa mayor who has known Abalos for almost 40 years, said they met at a political function and have been friends ever since. “What I loved most about Delma from the moment I met her and continue to love today is that she knows who she is and stridently stands up for what she believes in,” Perryman said.“She’s a watchdog for what some might consider the underdogs, but she doesn’t feel like that about anyone. She sees everyone through the same eyes. She’s a strong advocate for people from all walks of life to see that they are respected and treated equally.“Delma is integrally involved in Odessa and is a powerhouse of enthusiasm,” said Perryman, who volunteers at Ector Middle School with Jo Ann Davenport Littleton and Chris Cole to mentor students and sponsor awards and gifts for attendance, good behavior and scholarship.“She is one of our community’s greatest assets and is the best friend a person could ever have.” Local NewsEducation Abalos tackling ECISD problems Facebook OCA top 2 were ESL students Facebook WhatsApp Virgin Coco MojitoUpside Down Blueberry Pie CheesecakeFoolproof Roasted Pork TenderloinPowered By 10 Sec Mama’s Deviled Eggs NextStay center_img Registration set for engineering camp Pinterest Twitter Noel earns award Pinterest WhatsApp Twitter Ector County Independent School District school board member Delma Abalos speaks about her reasons for rerunning for the ECISD school board during an interview Wednesday afternoon at Richard C Abalos Law Offices. Delma Abalos was on the ECISD school board from 1988-2004.last_img read more

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Powell’s Appointment to Fed Chair Bodes Well for Housing Market

first_img Share Save November 6, 2017 1,347 Views in Daily Dose, Featured, Government, Headlines, Journal, News About Author: David Wharton Sign up for DS News Daily Following a meeting of the Federal Open Market Committee (FOMC) last week, the short-term Federal Funds rate will remain unchanged. This should prove a boon for shorter-term debt such as car loans and or adjustable-rate mortgages (ARMs). But with more than half of U.S. households having 30-year fixed-rate mortgages, what does this mean for first-time home buyers?First American’s chief economist, Mark Fleming, suggests that the future looks bright for first-time home buyers. Since short-term rate changes by nature don’t impact long-term fixed-rate mortgages, Fleming argues in a new blog post that the most important question to consider is what mortgage principal and interest payment most renters could feasibly borrow in order to secure their first home, and how this is affected by mortgage rates.While some experts use the median household income of all households to approach that question, Fleming points out that most homeowner households have a considerably higher income than the average renter household, which skews the median. In fact, based on 2016 Census data, the income gap between homeowner households ($70,000) and renter households ($37,000) is $33,000. As such, using the median household income for all households presents an inaccurate view of the actual borrowing power of a typical renter household. Assuming a renter can spend one-third of their income on a mortgage, that works out to $12,333 for an annual income of $37,000. With the current mortgage rate of approximately 4 percent, that hypothetical renter should be able to borrow around $213,000. During 2012’s 30-year rate lows, that same renter could have borrowed around $242,000.While President Trump recently nominated Jerome Powell to succeed current Fed Chair Janet Yellen, Fleming points out that Powell is “widely believed to hold a similar stance on monetary policy as [Yellen].” With most economists forecasting a rate hike to 5 percent for 30-year fixed-rate mortgages in 2018, a renter earning $37,000 a year could still feasibly borrow $190,000 for their first home.“While borrowing power for the potential home buyer has fallen relative to the low point of 2012, it remains high today and will remain high next year, relative to the long run average,” said Fleming. “If you don’t want to rent anymore and are considering becoming a homeowner, even if mortgage rates rise next year, your borrowing power will remain strong by historic standards.” The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Barclays RMBS Suit: Three Strikes and the Order is Out Next: Soaring House Prices Could Mean Mini-Bubbles for Some Markets Powell’s Appointment to Fed Chair Bodes Well for Housing Market Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Federal Funds Rate Federal Open Market Commitee First-Time Homebuyers Fixed-Rate Mortgages Jerome Powell 2017-11-06 David Whartoncenter_img Tagged with: Federal Funds Rate Federal Open Market Commitee First-Time Homebuyers Fixed-Rate Mortgages Jerome Powell Demand Propels Home Prices Upward 2 days ago  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 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] The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Powell’s Appointment to Fed Chair Bodes Well for Housing Market Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribelast_img read more

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