Damaged Economy Hasn’t Slowed Rise in Home Equity

first_img The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post February 4, 2021 1,187 Views Of the 59 million mortgaged homes in the United States, 17.8 million are considered equity-rich, meaning that the combined estimated amount of loans secured by those properties was less than 50% of their estimated market value, according to ATTOM Data Solutions’ fourth-quarter 2020 U.S. Home Equity & Underwater Report.Nationwide, equity-rich properties in Q4 2020 numbered about one in three, or, 30.2%, which is a 28.3% increase from Q3 and a 26.7% increase since Q4 of 2019. That is “despite the economic damage caused this year by the worldwide Coronavirus pandemic,” the report’s authors noted.ATTOM’s report reveals one in 18, mortgaged homes (3.2 million) are considered “seriously underwater, which means a combined estimated balance of loans secured by the property totals at least 25% more than the property’s estimated market value.The figure represents 5.4% of all U.S. properties with a mortgage, down from 6% in the prior quarter, 6.2% in the second quarter of 2020, and 6.4% one year ago.As the pandemic has caused other sectors to suffer, the housing market has remained strong, ATTOM reports, adding that the national median home price in 2020 soared 13%.ATTOM’s Chief Product Officer Todd Teta says market gains resulted from a “bubble of buyers” who essentially escaped the pandemic’s financial damage aiming to take advantage of super-low interest rates and, in many cases, “escape congested, virus-prone urban areas,” he said.”When it came to homeowner equity in the United States, the fourth quarter was more of the same as the third, which was more of the same as the second: a scenario that has continued to improve. The housing market kept booming despite damage caused by the virus pandemic to the broader economy – a surge that continued to boost the equity that most property owners have in their homes,” Teta said. “As with many other housing-market metrics, the prospects for equity building even further in 2021 are wholly uncertain because of many questions surrounding the pandemic and the U.S. economy. But for now, homeowners are sitting pretty on a growing reserve of personal wealth.”ATTOM’s report broke down equity-rich shares of homes by region, revealing some of the following trends:The western states showed the biggest improvement in the equity-rich share of homesThe largest declines in underwater properties spread across the SouthThe Northeast and West continue to have the largest shares of equity-rich homesThe Midwest and South have the smallestThe San Francisco area dominates the list of top equity-rich countiesThe South and Midwest continue to have highest seriously underwater shares”The good news is that fewer and fewer homeowners across the country are underwater on their loans,” said Rick Sharga, EVP of RealtyTrac, an ATTOM Data Solutions company. “But for those homeowners who are, the uncertainty of the economy during the pandemic looms large. The dual-trigger effect of losing a job and being underwater on a mortgage often, unfortunately, leads to foreclosure.”Read ATTOM’s entire home equity findings for Q4 2020 at ATTOM.com. Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Share Save Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. About Author: Christina Hughes Babb Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Damaged Economy Hasn’t Slowed Rise in Home Equity Previous: The Power of the Right People Next: FHFA’s Stats on Mortgage Loan Performance in 2020 Damaged Economy Hasn’t Slowed Rise in Home Equity Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Foreclosure, Market Studies, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago 2021-02-04 Christina Hughes Babb Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Subscribelast_img read more

9th Peoples Parliament scheduled for Grand Fond tomorrow evening.

first_imgLocalNews 9th Peoples Parliament scheduled for Grand Fond tomorrow evening. by: – May 11, 2011 Other presentations pertinent to issues affecting the Morne Jaune Constituency will be addressed by leaders of that community.The discussions will culminate with the involvement of the general public lead by a panel of UWP Parliamentarians. Crowd at People’s Parliament in Salisbury.The eastern village of Grand Fond is the venue for the 9th Peoples Parliament scheduled for this Thursday May 12, 2011. Share Tweet Sharing is caring! United Workers Party Members of Parliament and others in the UWP leadership will address the audience on national issues to do with the state of democracy and the economy in Dominica. Share 8 Views   no discussions Share Members of the general public, in particular residents of Grand Fond, Morne Jaune, Feuyal as well as those from the La Plaine constituency are specially invited.Dominica Vibes Newslast_img read more

Injury, illness hit top six before Australian Open

first_imgBRISBANE, Australia (AP):It’s been an injury and illness-filled start to 2016 for the top six women in tennis and just a week from the start of the Australian Open.Defending Sydney International champion Petra Kvitova, a two-time Wimbledon winner, pulled out of the Sydney tournament yesterday, the second week in a row she’s had to quit due to a stomach virus. She was joined a few hours later by Agnieszka Radwanska, the No. 2-seeded player in Sydney, who has a left leg injury.Last week, the world’s four top-ranked women retired or withdrew from tournaments due to injuries on the left side of their bodies: No. 1 Serena Williams (Hopman Cup/knee), second-ranked Halep (Brisbane/ankle), No. 3 Garbine Muguruza (Brisbane/foot) and fourth-ranked Maria Sharapova (Brisbane/forearm).Now No. 5 Radwanska and No. 6 Kvitova are on the ever-growing injury list.Kvitova retired during the first round of the Shenzhen Open in China last week. She was scheduled to play her first match in Sydney against Germany’s Sabine Lisicki today.”I’m really disappointed to have to withdraw … but unfortunately I am still not feeling well,” the sixth-ranked Kvitova said in a statement.Former No. 1 and now 16th-ranked Ana Ivanovic is healthy, but her new season is nonetheless off to a poor start. After losing in the first round last week in Auckland, she was granted a Sydney wild card.Ivanovic, who won the French Open in 2008, months after losing the Australian Open final to Sharapova, was beaten 6-4, 6-2 by fifth-seeded Karolina Pliskova in a first-round match yesterday.”I was thinking, it’s not really (an) easy draw for first round,” Pliskova said. “I was really expecting a tough match. I’m just happy it went a little bit more my way.”In other first-round matches, another Serbian former No. 1, Jelena Jankovic, beat American CoCo Vandeweghe 6-3, 6-4; former French and U.S. Open champion Svetlana Kuznetsova defeated Australian Tammi Patterson 6-2, 6-0; and Caroline Garcia, who represented France at the Hopman Cup last week, beat countrywoman Kristina Mladenovic 7-6 (4), 6-4.Bernard Tomic is the top-seeded man at Sydney, while Halep is the top-seeded woman.Halep, who has a first-round bye, said yesterday she’ll likely carry the injury into the Australian Open, which begins January 18.”It’s difficult to know that you will be injured when you come to Australia. To me it happened this year,” she said. “I was not happy but we have to accept it.”At the Hobart International, another of the Australian Open warm-up tournaments, second-seeded Camila Giorgi of Italy beat Zarina Diyas of Kazakhstan 6-4, 1-6, 6-1 and seventh-seeded Alize Cornet of France defeated Denisa Allertova of Czech Republic 6-4, 7-5 yesterday.Sloane Stephens, who won the ASB Classic in Auckland on Saturday, was a late withdrawal from Hobart due to a virus.Former No. 5 Eugenie Bouchard, who is entered at Hobart, says she has “zero expectations” at the Australian Open as she makes her comeback from a concussion she sustained at the US Open when she slipped and fell in the dressing room.last_img read more

Kellits brace for Clarendon assault in ISSA/FLOW daCosta Cup

first_img Group A Cornwall vs Green Pond Group B Green Island vs Rusea’s Frome vs Merlene Ottey Group C Herbert Morrison vs Muschett William Knibb vs Spot Valley Group D Manning’s vs Little London Maud McLeod vs Petersfield Group E Lacovia vs STETHS B.B. Coke vs Newell Maggotty vs Munro Group F Manchester vs Belair DeCarteret vs Mile Gully Winston Jones vs Cross Keys Group G Holmwood vs Alston Spalding vs Christiana Knox vs Bellefield Group H Kellits vs Clarendon College Lennon vs Thompson Town Group K Tacius Golding vs Charlemont Bog Walk vs Ewarton McGrath vs Dinthill Group L Port Antonio vs Buff Bay Happy Grove vs Fair Prospect Group O Seaforth vs St Thomas Tech Robert Lightbourne vs Morant Bay WESTERN BUREAU: After brushing aside Edwin Allen 6-1 in their opening Group H game of the 2015 ISSA/FLOW daCosta Cup schoolboy football competition on Saturday, defending champions Clarendon College are seeking back-to-back victories when they tackle Kellits High this afternoon at Crofts Hill Community Centre at 3:30 p.m. Coach Paul ‘Tegat’ Davis is expecting a tough outing playing away, but is drawing up plans for another three points. “Each game in this group is like a derby and we will treat it as such. We take no opposition lightly, but we are confident going up against this Kellits team and, hopefully, will leave with all three points,” said Davis. While not exclusively reliant on the form of striker Joel Sterling, who fired a hat-trick against Edwin Allen on Saturday, Davis is hopeful the player does likewise in this game. Sterling told The Gleaner following Saturday’s match that he was already looking forward to the Kellits matchup. “I feel that there is more to come. We had a good game first time out and coming up against Kellits will not be easy, but we are aware of what our coach requires and are willing to go get it done,” Sterling said confidently. It could be a matter of containment for Kellits, who were trounced 5-0 by Thompson Town on Saturday. However, assistant coach Kerreth Hines said his team will play to their ability. “We are quite aware that it will be a tough game for us. We lost our first match Saturday because of some issues we needed sorted out regarding our goalkeeper,” Hines said. “Now that we have done so, the most we are looking for is a draw in this game because we know the might of the champions. Nonetheless, we are confident in our own abilities while hoping for the best,” added Hines. Apart from Sterling, the Kellits backline will also have to pay special attention to midfielder Donovan Noble, Seigle Knight, Roger Russell and Romario Squire if they are to avoid another heavy defeat. In addition to the Clarendon College-Kellits matchup, a further 26 duels are also scheduled. These include Green Island versus Rusea’s in a key Group B clash, Herbert Morrison versus Muschett in Group C, Spalding and Christiana over in Group G, and Kemps Hill and Old Harbour lock horns in Group N. Meanwhile, it has been reported that Anchovy High School, who were slated to play out of Group A, have withdrawn from the competition. No reason was given by school officials, but a source told The Gleaner it would appear the decision was taken in light of the players’ academic record. Today’s matcheslast_img read more

Driver in Buncrana caught speeding 75kpm over the legal speed limit

first_imgGardai caught a motorist speeding 75kpm over the legal speed limit in the Buncrana area this week. The car was clocked by speed detection devices travelling 125km/h in the 50km/h zone.The driver has received a fixed charge penalty notice, commencing proceedings. Officers with the road policing unit have appealed to drivers to slow down.Driver in Buncrana caught speeding 75kpm over the legal speed limit was last modified: July 21st, 2019 by Shaun KeenanShare 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)last_img read more

Warriors looking forward: Draymond Green ‘unlikely’ to return on trip

first_img“Slow going,” Kerr said about Green headling from a right toe injury that has sidelined him for missing 11 of the past 13 games. “It’s unlikely now he will come back on this trip.”Su … (CLICK HERE, if you are unable to view this video on your mobile device.)ATLANTA — So much for the Warriors’ optimism that Draymond Green will return soon.Warriors coach Steve Kerr expressed his doubts about Green returning on the team’s five-game road trip merely a day after Green predicted he would.last_img read more

10 months agoArsenal and Tottenham make plea for supporters behaviour

first_imgAbout the authorFreddie TaylorShare the loveHave your say Arsenal and Tottenham make plea for supporters behaviourby Freddie Taylor10 months agoSend to a friendShare the loveArsenal and Tottenham have issued statements asking their fans to behave during tonight’s EFL Cup quarter-final between the fierce north London rivals.The sides meet in the Premier League on December 2, with Arsenal running away 4-2 winners. But the game was marred by a Spurs fan throwing a banana onto the pitch as Pierre-Emerick Aubameyang scored a goal.Tottenham’s statement read: “Local derby matches are always passionate affairs and it is important that supporters play their part on these occasions by getting behind the team in a positive way and making them memorable for the right reasons.”We have enjoyed some unforgettable north London derby encounters over the years and the vast majority of fans have generated incredible atmospheres on these occasions.”However, there were incidents in our most recent Premier League fixture against Arsenal earlier this month where a small number of supporters of both sides behaved unacceptably.”Ahead of Wednesday’s Carabao Cup quarter-final tie we wish to remind supporters travelling to Emirates Stadium that any kind of racist, discriminatory or anti-social behaviour will not be tolerated by the club.”As a club that has suffered from abuse in the past from opposition supporters, we wish to make clear that there is absolutely no place for this kind of behaviour in or outside of football.”Arsenal posted on their website: “This fixture always generates an exciting and passionate atmosphere, however, we recently saw incidents where a small minority of fans have behaved unacceptably and unlawfully.”We appeal to both sets of supporters to get behind their team in positive and respectful ways without any discriminatory behaviour.” last_img read more

4 Kanwariyas killed in road mishap in Ukhand

first_imgNew Tehri: Four Kanwariyas were killed and eight others injured on Sunday when a huge rock fell on them in Narendra Nagar area of Uttarakhand’s Tehri district, officials said. Narendra Nagar SHO Manish Upadhyay said the rock fell on a Tata Sumo and a motor cycle at Bagaddhar on NH 94. Three of the deceased Kanwariyas were from Haryana and they were travelling in the Tata Sumo, while the other deceased was on the motorcycle, officials said. The Kanwariyas were returning to Rishikesh after collecting holy water from Gangotri when they met with the accident, they added. The eight injured were admitted at AIIMS in Rishikesh, the SHO said.last_img read more