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Share Save Print This Post The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago October 31, 2017 1,386 Views Housing Gains Are No Mere Rebound: Will it Last? in Daily Dose, Featured, Headlines, Journal, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Scott Morgan Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily U.S. home prices continued to steadily rise across through August, according to the latest S&P Dow Jones/S&P CoreLogic Case-Shiller Indices. So much so that David M. Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones Indices, said that home price increases in the U.S. “appear to be unstoppable.”The indices show a 6.1 percent uptick in home prices in August, which is up from 5.9 percent in the previous month. The indices’ overall numbers coalesced with breakdowns of the 10 and 20 largest U.S. metros. The 10-City Composite was just above flat, showing annual increase of 5.3 percent, up from 5.2 percent in July. Similarly, the 20-City Composite posted a 5.9 percent year-over-year gain, up from 5.8 percent the previous month.Seattle, Las Vegas, and San Diego reported the highest year-over-year gains among the 20 cities in August. Seattle led the way with a 13.2 percent year-over-year price increase, followed by Las Vegas (8.6 percent), and San Diego (7.8 percent). Nine cities reported greater price increases in the year ending August 2017 versus the year ending July 2017.Month-over-month, the 10-City Composite and 20-City Composite both posted 0.5 percent increases. Nineteen of 20 cities reported increases in August both before and after seasonal adjustment. Atlanta, saw the seasonally adjusted monthly number slip 0.2 percent after seasonal adjustment.Blitzer said that over the last year, the consumer price index’s 2.2 percent rise was driven largely by energy costs.“Aside from oil, the only other major item with price gains close to housing was hospital services, which were up 4.6 percent,” he said.Wages climbed 3.6 percent in the year to August.“The ongoing rise in home prices poses questions of why prices are climbing and whether they will continue to outpace most of the economy,” Blitzer said. He answered with a strong one-two punch: Low mortgage rates, combined with an improving economy.“Low interest rates raise the value of both real and financial long-lived assets,” he said. “The price gains are not simply a rebound from the financial crisis.”However, despite the apparent unstoppability of U.S. housing gains to date, Blitzer offered a caveat of caution.“Home prices will not rise forever,” he said. “Measures of affordability are beginning to slide, indicating that the pool of buyers is shrinking. The Federal Reserve is pushing short-term interest rates upward and mortgage rates are likely to follow over time, removing a key factor supporting rising home prices.” Home / Daily Dose / Housing Gains Are No Mere Rebound: Will it Last? Previous: How Freddie Weathered Litigation in Q3 Next: Looking Back: Hensarling’s Announcement to Impact the Industry Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago HOUSING S&P/Case-Shiller Home Price Indices 2017-10-31 Scott Morgan Scott Morgan is a multi-award-winning journalist and editor based out of Texas. During his 11 years as a newspaper journalist, he wrote more than 4,000 published pieces. He’s been recognized for his work since 2001, and his creative writing continues to win acclaim from readers and fellow writers alike. He is also a creative writing teacher and the author of several books, from short fiction to written works about writing. Servicers Navigate the Post-Pandemic World 2 days ago Subscribe Tagged with: HOUSING S&P/Case-Shiller Home Price Indices Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago
News Google+ Need for issues with Mica redress scheme to be addressed raised in Seanad also Minister McConalogue says he is working to improve fishing quota Almost 10,000 appointments cancelled in Saolta Hospital Group this week Twitter Twitter Pinterest Donegal North East Deputy Padraig Mac Lochlainn is defending his fact finding mission to Ethopia, saying he and four other members of the Oireachtas Foreign Affairs Committee are there at the request of aid agencies.He says the delegation is not staying in luxury hotels, and is staying in the HIlton Hotel in Addis Ababa for security reasons.He described the visit as a humbling one, and told the Shaun Doherty Show that it is giving him a greater appreciation of why aid should be continued in the current economic climate…………[podcast]http://www.highlandradio.com/wp-content/uploads/2011/11/xxpmacl1pm.mp3[/podcast] Facebook Pinterest Dail hears questions over design, funding and operation of Mica redress scheme Previous articleDerry Celebrity Bainisteoir players avoid convictions for pub brawlNext articleUpdated: ESB lifts threat to cut power to Letterkenny sewage system News Highland WhatsApp 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Facebook LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Google+ WhatsApp By News Highland – November 15, 2011 RELATED ARTICLESMORE FROM AUTHOR Mac Lochlainn admits delegation of 5 to Ethopia may be too many
The Galway native won four times on the European Tour and also picked up two Senior British Open titles – but was best remembered for helping Europe retain the Ryder Cup at The Belfry in 1989. O’Connor was a surprise wild card selection by captain Tony Jacklin and a heavy underdog in his singles contest against Fred Couples, who went on to become world number one and win the Masters in 1992. Press Association However, with the match all square on the 18th hole, O’Connor Jnr fired a superb two-iron approach to within four feet of the flag and his subsequent win helped ensure the biennial contest finished 14-14, with holders Europe therefore retaining the trophy. Jacklin, who had controversially left O’Connor Jnr out of the 1985 Ryder Cup team, said: ” It is very sad news. “Looking back, it was very hard not to pick Christy for the 1985 Ryder Cup team but Jose Rivero had won on The Belfry that year so it was obviously a decision based purely on golf. But we were delighted to have him on the team in 1989 and I remember he was very excited when I told him. “Obviously I followed him very closely down the last two holes and I caught him before he teed off at the 18th. I had noticed on the previous hole that Fred’s hands were not operating properly – he had missed a short putt – so I knew Christy had him. “Christy hit a wonderful tee shot and then Fred pulled his, but because he was so long he cleared the water, leaving himself with a nine iron, while Christy had a two iron. I said to Christy, ‘Come on, one more good swing for Ireland’ and of course he hit the shot of his lifetime. We couldn’t have retained it without him, no doubt. “He had a great effect on the team room too. We had a great team unity and he was a big part of that.” In his latter years O’Connor Jnr – the nephew of another hero of Irish golf, Christy O’Connor Snr – was heavily involved in designing golf courses. It is understood he was on holiday in Tenerife when he died and is survived by his wife Ann, son Nigel and daughter Ann. The golfer’s other son, Darren, died in a road accident in 1998 aged 17. Former Ryder Cup captain Paul McGinley said: ” This is a terribly sad day for Christy’s family, obviously, but also for all of Ireland and lovers of golf worldwide. “I couldn’t believe the news when I heard it this morning, especially as just before Christmas I had a wonderful night out in Dublin with Christy and some of the older Irish pros – Des Smyth, Eamonn Darcy, Philip Walton, Jimmy Heggarty and Paddy McGuirk, as well as Ray Latchford who used to caddie for Christy and Des. “We had a great night, full of memories, full of stories and full of good old Irish craic and laughs, and it is the laughter and fun that I will remember most about Christy.” World number 21 Shane Lowry, whose home course of Esker Hills was designed by O’Connor Jnr, wrote on Twitter: “Very sad news today about Christy O’Connor Jnr. An absolute legend of Irish golf. Thoughts and prayers go out to his family and loved ones.” Irish Taoiseach Enda Kenny said: ”I knew Christy personally and he loved and lived life to the full. His premature passing will be a source of great sadness to many Irish people and all golfing fans in Ireland and across Europe.” Irish President Michael D Higgins added: ”As a sportsman, and as an iconic figure in golf, Christy represented his country and its people on the international stage with distinction, dignity and great humour. ”He was always very proud of his Galway connections and gave support to so many admirable and humanitarian projects. “He will be missed by not only his sporting colleagues, but also by his community, and in particular by his friends. We will miss his warm personality, his generosity and his great resilience of spirit.” Tributes have flooded in for former Ryder Cup hero Christy O’Connor Jnr, who has been described as an “absolute legend of Irish golf” following his death at the age of 67.