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Posted by: | Posted on: May 31, 2021

The Reality of Home Prices vs. Home Sales

first_img 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. Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Caliber Home Loans Launches Mobile Platform Next: LenderLive Appoints Chief Information Security Officer The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago March 19, 2018 4,035 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Related Articles in Daily Dose, Featured, Journal, Magazine, Market Studies, News The Week Ahead: Nearing the Forbearance Exit 2 days ago The Reality of Home Prices vs. Home Sales  Print This Postcenter_img Subscribe Servicers Navigate the Post-Pandemic World 2 days ago Home prices in February hit a four-year high, capping a 72-month run in which median home values rose nationally, according to a report by Redfin. But just because the prices went up does not mean sales went up. In fact, while national median prices rose almost 9 percent (to $285,000) in February, the number of homes for sale dropped more than 11 percent from January and were flat compared to a year ago. It was the twenty-ninth consecutive month inventory suffered, while prices keep going up.Only six of 73 metros saw sales grow by double digits from last year, the report said. Louisville led the nation in year-over-year sales growth, up 25 percent, followed by Greenville, South Carolina, which was up 18 percent.Inventory dropped most in New York State, where three metros saw downswings compared to last year. Inventory in Rochester and Buffalo dropped 40 percent and in Albany, 30 percent. Atlanta also posted a 33 percent decline in inventory.As availability and affordability continue to constrain the market, interest in buying a home is humming along nicely. Time on the market for homes sold in February was 53 days, a week faster than a year earlier. That’s just the average. In Seattle, half of all homes pending sales closed in just eight days—four days faster than it was a year earlier. Denver and San Jose reported closings in nine and 10 median days on the market, respectively. Homes in Oakland and San Francisco spent two weeks on the market.The most competitive market in February was San Jose, where 83 percent of homes sold above list price. Three-quarters of homes for sale in San Francisco did the same. Oakland, Seattle, and Tacoma also saw homes close significantly above asking price. Overall, Redfin reported, 21 percent of homes that sold in February went for more than their list price, nationally. That number is up 20 percent from last year. The median value of off-market homes was $283,300, a 9 percent uptick percent from last year. Almost two-thirds of homes on the market in February were priced above their Redfin Estimate value.“Mortgage rates pushed upwards in February to the highest levels in nearly three years as home prices increased by their fastest pace in nearly four years,” said Redfin chief economist Nela Richardson. “A growing economy, healthy buyer demand, and low inventory drove the ramp up in prices last month. Combining even slightly higher rates with price growth this strong will make it even more challenging for first-time buyers to find affordable homes to buy this year. The good news for sellers is modest rate increases are unlikely to curtail buyer demand. Just 6 percent of respondents to a survey commissioned by Redfin said they would cancel their home buying plans if rates rose above 5 percent.” On the other side of the country, and on the other side of the numbers, sales in Long Island saw the largest decline in sales since last year, falling 33 percent. Home sales in Minneapolis and Miami also dropped, each by 13 percent. Buyers Home Values Homes HOUSING Inventory Median-Value Pending Sales Redfin sellers 2018-03-19 Radhika Ojha About Author: Scott Morgan Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Buyers Home Values Homes HOUSING Inventory Median-Value Pending Sales Redfin sellers Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / The Reality of Home Prices vs. Home Saleslast_img read more

Posted by: | Posted on: April 21, 2021

Bakers report positive sales over festive season

first_imgHigh street bakers have reported a largely positive festive perfor-mance, with a full trading week between Christmas and New Year and the mild weather aiding sales.Pie and sandwich retailer Bradley’s Bakery, in Ashton-Under-Lyne said it doubled its orders on Christmas Eve. Co-owner Mark Bradley said: “We’ve had a phenomenal Christmas our busiest ever. We sold 700 pork pies on Christmas Eve and, in the three days leading up to Christmas, we took just short of £10,000 at our one shop.” Bradley put the increased sales down to the bakery’s work on promoting itself over the past 12 months. “We’ve invested a lot of time in promotional work, and networking with other local businesses for example. We’ve also done a few tasting nights, which have been very successful.”Chris Pocklington, owner of Pocklingtons Bakery in Lincoln-shire said: “Total sales for the three months to Christmas were up by 15% on last year. However, margins were squeezed due to raw material price increases, which could not be wholly passed on to customers.”Mike Holling, retail sales director, Birds of Derby, and chairman of the National Association of Master Bakers, said the retail chain experienced very satisfactory trading, with its busiest day on Christmas Eve. “Customers left it until the last minute to buy as fresh as possible,” he said. “Sales of our novelty lines rose from just short of £7,000 in 2010 to almost £14,000 this year.”Meanwhile, Angie Townsend, owner of The Tiny Cake Company, said her Christmas cake pops “went down a storm” online and in the retail outlets it supplies. “Stockists also increased orders for our hand-decorated mini Christmas cakes,” she added.Bakery also performed well in the major multiples. Waitrose saw 53% more Christmas puddings sold than last year. Its total mince pie sales were up by more than a third, with 2.4 million sold by Christmas Eve. Sainsbury’s also had a record-breaking Christmas, with its Taste the Difference range up by 10% over the quarter. Morrisons achieved record customers numbers at Christmas and The Co-operative also saw mince pie sales rise up 12%.last_img read more

Posted by: | Posted on: September 24, 2020

EPL: Iwobi fires blank as Everton frustrate Liverpool to barren draw at Merseyside derby

first_imgNigeria’s Alex Iwobi failed to score on a day Liverpool edged closer to their first league title in 30 years but were frustrated by an obdurate Everton in a 0-0 derby draw at Goodison Park. Jurgen Klopp left Mohamed Salah unused on the bench and his team need four more points to become champions, although that equation will change if Manchester City fail to beat Burnley on Monday. An early error from Fabinho let Richarlison loose to flash a shot across the face of Alisson’s goal. Takumi Minamino dispossessed Andre Gomes in the 34th minute, allowing Jordan Henderson and Sadio Mane to tee up Roberto Firmino, with Brazil forward pulling wastefully wide. They still came closest to breaking the deadlock 10 minutes from time, though, as Tom Davies hit the post after Alisson had kept out Dominic Calvert-Lewin’s clever flick. The Toffees are now winless in 19 Premier League matches against their local rivals, although that statistic did not appear to weigh upon Carlo Ancelotti’s approach as his side offered scant attacking threat. Loading… Everton centre-back Michael Keane, booked for an earlier foul on Mane, produced a vital block to thwart Minamino before half-time, by which point Liverpool had lost James Milner to a hamstring injury and sent on Joe Gomez. Firmino’s clever chested lay-off saw Naby Keita volley wide in the 51st minute, with Everton attacks having more or less disappeared from view. It made Richarlison’s shank into the Gwladys Street End with Virgil van Dijk breathing down his neck all the more frustrating. Trent Alexander-Arnold had a 63rd-minute free-kick deflected over before Joel Matip joined Milner on the injury list. In the context of a dour contest, Everton launched a stirring late rally, Davies agonisingly close to snatching glory and Alisson frustrating his compatriot Richarlison once more after Calvert-Lewin sent a diving header wide. Not that they will mind at all, but Liverpool could still end next week without being crowned Premier League champions. When they are, their success should be remembered in the context of what came before the coronavirus pandemic. This soulless encounter was very much at odds with the finest moments Klopp has crafted on Merseyside. It might only be one win in 15 attempts now, but Seamus Coleman is still an Everton player who knows what it feels like to beat Liverpool. The experienced captain led by example at right-back, with two inch-perfect challenges on Gomez and Mane early in the second half crucial when it came to preserving parity. read also:Boastful Iwobi insists Everton capable of defeating Liverpool Klopp said the extended training period before the Premier League restart had been useful for January recruit Minamino. A surprise inclusion ahead of Salah, who is still short of match fitness, the former Salzburg forward showed some nice touches and enjoyed a couple of half-chances, but the opportunity to make a statement passed him by. A stunning title triumph may still be completed when Liverpool host Crystal Palace on Wednesday, with Everton on the road at the bottom club Norwich City. FacebookTwitterWhatsAppEmail分享 last_img read more

Posted by: | Posted on: September 17, 2020

Cohen: Marrone to blame for Syracuse’s struggles this season

first_imgTime and again last season, Doug Marrone fooled us. He took to the podium week after week, loss after loss, and insisted that the blame be heaped on his shoulders rather than those of his players. He affirmed that the five-game losing streak was chiefly his fault — that his preparation must improve for Syracuse to win games.The message, repeated like a broken record with each successive defeat, was a metaphorical shield. It deflected media inquiries, shrouded the truth and protected the players who later lauded him for doing it and keeping them safe.As we learned in August, Marrone’s go-to response from 2011 hid a rash of unpublicized injuries that withered away the Syracuse defense to a unit consisting of skin, bones and a code of silence.The same message has resurfaced in 2012, with Marrone taking the blame for each of SU’s (2-4, 1-1 Big East) losses and insisting he must do a better job at the helm. Only this time there are no injuries, with Marrone saying “everybody is healthy” in his press conference on Wednesday.It means his use of last year’s rhetoric in this year’s context is the honest truth rather than a protective wall, and Marrone himself is truly the root of the problem for a team dangerously close to sliding down the familiar precipice that is Big East play.AdvertisementThis is placeholder text“It starts with the head man, and he feels like that so it’s only right,” Syracuse defensive tackle Deon Goggins said. “It’s his team. We’re a resemblance of him, if that’s how you want to put it.”But Goggins, along with a handful of other teammates, was quick to point out that coaches can only do so much, that once the game plan is created and installed the pressure to produce shifts to the players. In Marrone’s case, though, the time has come to question those game plans, to question the instruction that is given during the week and leading to what looks like another sub-.500 season.And the first place to look is on special teams.Marrone took over the special teams unit during the offseason, and he now coaches it himself, in addition to the tight ends. He wanted to apply his hands-on approach to the team’s specialists, but the results have been nothing short of disastrous.Ross Krautman, the junior kicker who missed only five of his first 38 attempts at Syracuse, is suddenly inept. He is four-for-nine on the season with a pedestrian long of 37 yards and ranks 94th in the country in field-goal accuracy. Steve Rene, a junior punt returner, ranks dead last in the country among players with one punt return per game with 0.1 yards per return, and was finally replaced by Ritchy Desir this week after a fumble inside the 30 yard line handed Rutgers a touchdown. Kick returns have been no better either, as Syracuse is 96th in the country in that department.“I really am a believer that you are a replica of your coach,” Goggins said in explaining how the defensive line feeds off the teaching methods and intensity of its coach Tim Daoust. And as that unit comes off its best game of the season against Rutgers — Goggins had 11 tackles by himself — and special teams comes off its worst, one can only wonder how that statement would apply to Marrone’s instruction.It can be argued that other personnel groups are simply more talented, and Marrone shouldn’t be blamed for the poor play of the special teams. But of all the coaches on the staff, only Marrone works with a former All-American each day — Krautman. And all he’s done under Marrone’s tutelage is put together the worst season of his career in 2012.Beyond special teams, the other major concern for Syracuse is ball security, an area which Marrone says candidly has been a problem since he took over as head coach. That means over the course of four seasons, two quarterbacks, three running backs and a wealth of fresh faces on defense, he is still stumped about how to protect the football and prevent turnovers.This goes beyond poor execution by the players, for not everyone in Marrone’s tenure had turnover woes — see Delone Carter’s zero fumbles on 231 carries in 2010. Instead, his inability to solve the puzzle of arguably football’s most basic principle — holding onto the ball — is an indication of a coaching deficiency.“When we start playing this game, from when we’re in kindergarten, we always have talked about ball security,” Marrone said in his press conference on Wednesday. “It’s not something that’s not coached on an every-day, every-play basis. It is (coached on an every-day basis). The focus on it has to be there constantly.”Yet this constant focus, as he described it, has led to 15 lost turnovers, tied for 101st in the country out of 120 Bowl Championship Subdivision teams. It suggests the message is not effective, that whatever is being taught is not yielding results.That’s why Marrone is the source of this team’s problems, because everything starts at the top with the message from the head coach like Goggins said.Marrone fooled us last year by hiding the injuries. But this year’s team has no injuries to hide. That leaves him alone at the podium, speaking nothing but the truth.Said Marrone: “I have to do a better job.”Michael Cohen is a staff writer at The Daily Orange, where his column appears occasionally. He can be reached at [email protected], or on Twitter at @Michael_Cohen13.  Comments Published on October 18, 2012 at 2:56 am Facebook Twitter Google+last_img read more