Favorable Conditions Drive Continued Improvements in Housing Market

first_img Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Favorable Conditions Drive Continued Improvements in Housing Market Servicers Navigate the Post-Pandemic World 2 days ago About Author: Xhevrije West Freddie Mac Housing Market Multi-Indicator Market Index 2015-10-23 Brian Honea  Print This Post in Daily Dose, Featured, Market Studies, News Favorable Conditions Drive Continued Improvements in Housing Market Tagged with: Freddie Mac Housing Market Multi-Indicator Market Index October 23, 2015 5,813 Views Demand Propels Home Prices Upward 2 days ago Related Articles Previous: HUD Extends Deadline for HECMs in Default Next: Housing Outlook Stays Positive Despite Predicted Moderate Economic Expansion Sign up for DS News Daily center_img The Best Markets For Residential Property Investors 2 days ago Xhevrije West is a talented writer and editor based in Dallas, Texas. She has worked for a number of publications including The Syracuse New Times, Dallas Flow Magazine, and Bellwethr Magazine. She completed her Bachelors at Alcorn State University and went on to complete her Masters at Syracuse University. As consumers purchase more homes, remain current on mortgage payments thanks to low rates, and employment continues to grow, the housing market continues to show improvement, according to data released by Freddie Mac on Friday.Freddie Mac’s Multi-Indicator Market Index (MiMi) showed that the U.S. housing market continued to stabilize as the national MiMi value reached 81.2 as of August 2015. This means that the market is on its outer range of stable housing activity.The MiMi rose 0.27 percent from July to August and has shown a three-month improvement of 2.54 percent, according to Freddie Mac. Year-over-year, the MiM values has increased 6.16 percent and has rebounded 37 percent since the all-time low in October 2010. However, the value is still significantly lower than its high of 121.7.”The nation’s housing market continues to improve riding the wave of the best year in home sales since 2007,” said Len Kiefer, Freddie Mac deputy chief economist. “With the MiMi purchase applications indicator at its highest level in more than seven years we expect home sales to remain strong. Low mortgage rates are fueling the recovery across the country.”The key drivers of the positive MiMi value were the current on mortgage indicator (83.7 points) and the employment indicator (103.3 points), both fell in range and increased 0.60 percent and 1.03 percent from July, respectively.The purchase applications indicator fell at 66.9 points in a weak position, but increased 1.23 percent from last month. The payment-to-income indicator also came in weak at 70.9 points, and fell 2.03 percent from last month.”The nation’s housing market continues to improve riding the wave of the best year in home sales since 2007.”—Len KieferA total of 29 of the 50 states including the District of Columbia had MiMi values in the stable range, with the District of Columbia (103.9), North Dakota (96.9), Hawaii (93.5), Montana (93.2), and Utah (90.3) occupying the top five spots, Freddie Mac reported.Meanwhile, 46 of the 100 metro areas have MiMi values that are stable, with Fresno (99.4), Austin (96.6), Honolulu (94.1), and Salt Lake City (93.3), and Los Angeles (93) occupying the top five spots.”Buoyed by strong employment growth, housing supply is struggling to keep pace with demand, which is driving house prices higher,” Kiefer said. “Fortunately, low mortgage interest rates are helping to keep homebuying affordable for some prospective homebuyers.”Nationwide, housing markets are getting back to their long-term benchmark averages, but they still have room for improvement. We’re expecting housing to sustain its momentum going into yearend, but we’re going to need stronger income growth to carry housing throughout 2016.”Click here to view the full report. Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago 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 agolast_img read more

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2021-05-31

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I’m ready for a change from HR

first_imgI’m ready for a change from HROn 13 Nov 2001 in Personnel Today I am an HR manager who has been working in HR for over 10 years and am readyfor a career change. I’m in my 40s, and bored of the constant changes inemployment law, and the succession of employee relations problems. I thought ofcoaching but don’t have an idea of what’s involved Clive Sussams, recruitment consultant, Malpas Flexible Learning I would emphasise that the feelings you are experiencing about your HR roleand career are not unique. It is probably fair to say that many people have hada career “crisis” at some stage or another, irrespective of theirchosen profession. Initially, it would be useful to review the reasons for your currentdisillusionment with HR. Have you had several employers during the past 10years or been with one only? What kind of roles have you had, and have theyoffered sufficient variety as well as the opportunity to extend your skillsset? It may well be that you need a new working environment to stimulateyourself and hopefully recreate interest, together with promotion prospects. It would also be worthwhile asking your employer whether there are anyopportunities to transfer to such functions as learning and development orremuneration and benefits. The prospects for assuming other roles linked to HRare very much related to the breadth of your personal and professional skills. Finally, I should stress that a move into a business role may be desirableas it will make you more attractive to employers in the future, particularly ifyou wish to move back into HR. Peter Wilford, consultant, Chiumento Before moving into an area of work which sounds interesting but of which youknow very little, you must first think about what you want out of your career.Ask yourself: 1 What skills, qualities and experience will I bring to the role that willallow success in it? 2 What personality/values do I have that I wish or need my next employer toshare? 3 How do I prefer to work, as part of a team, for example, or on my own, atwhat pace? 4 Do I have any interests which I would like to be incorporated in my work?A key aspect of career planning is to find work you feel passionate about. An essential factor to coaching is to focus on making the most ofopportunities, using active listening, questioning and encouraging people tofind their own solutions. It follows on well from HR, as both involve givingadvice and support in handling people issues. Some companies employ in-housecoaches, but many use external consultants, on a long-term, or short-termproject basis. To move into this line of work, you should be able to demonstrate that youhave carried out a similar role in one of your HR jobs. If this sounds like work you would enjoy, research the courses available.Contact specialist consultancies to get feedback on courses they recommend. Another option is career counselling. You could work in a local authoritycareers service or for a consultancy specialising in outplacement and careermanagement. Most employers look for a qualification in counselling – go for acourse that has BAC recognition – or identify an MSc in career management. Jo Selby, associate director, EJ Human Resources Coaching is often seen as a natural progression from HR as many of theskills are transferable. The area of coaching spans a variety of fields, fromcareer counselling through to training and development to name but a few, so Iwould recommend you carry out some research to determine exactly which fieldinterests you. I also suggest that you discuss this potential career move fromHR with individuals who have made such a change and who are already doing sucha role to gain a greater understanding of the daily responsibilities andlonger-term opportunities. Comments are closed. Previous Article Next Article Related posts:No related photos.last_img read more

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2021-05-12

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