What Will Affect Home Appreciation in 2019?

first_imgHome / Daily Dose / What Will Affect Home Appreciation in 2019? Subscribe The Week Ahead: Nearing the Forbearance Exit 2 days ago Appreciation Home Values HOUSING Housing Supply Mortgage Rates Veros 2019-01-17 Radhika Ojha Demand Propels Home Prices Upward 2 days ago It might not be a crash, but home appreciation is certainly poised for a slowdown in 2019 according to the fourth quarter of 2018 VeroFORECAST.Published by Veros Real Estate Solutions, the quarterly forecast revealed that the rate of appreciation in 2019 would drop to 3.9 percent in some of the most populous markets of the U.S. reflecting a half-percent drop from 4.5 percent that was reported in the previous quarter’s report.”This amount of change from one quarter to the next is significant,” said Eric Fox, VP of Statistical and Economic Modeling at Veros. “While the market fundamentals remain solid and we still expect the overall housing market to remain healthy, there is a definite slowing down of most markets from last quarter’s update.”Looking at the factors that were likely to impact home values, the report said that overall interest rates “appear to be softening the forecasts in many markets by 1-2 percent” over what they would have been if these rates had remained flat as in the past years. “At the same time, housing supply is a key discriminator between our top and bottom forecast performing markets,” Fox said.”We do not see a crash, but simply a slowing down as the strength of the past few years is expected to dissipate somewhat in most markets,” he said.The report indicated that the number of depreciating markets has increased from three to five percent since last quarter’s update. This means, 18 markets, twice as many as in the third-quarter 2018 report, are predicted to depreciate through December 1, 2019.Farmington, New Mexico which was expected to depreciate 2.9 percent topped this list, followed by three cities in Illinois Danville (1.4 percent); Decatur (1 percent); and Peoria (1 percent). Grand Forks in North Dakota (0.8 percent) rounded off the bottom five markets.The forecast also revealed a diminishing trend of big cities dominating the housing market values. This quarter’s forecast indicated that a majority of the top and bottom 10 housing markets were small to modest-sized cities with an average population of 260,000. Four states, in fact, dominated the top 1o markets. They included Idaho, Washington, Texas, and Colorado. The housing market in Boise City, Idaho was projected to show maximum appreciation at 9.5 percent by December 1, 2019, followed by Olympia, Washington (8.8 percent); Midland, Texas (8.7 percent); Idaho Falls, Idaho (8.6 percent); and Odessa, Texas (8.4 percent) rounding off the Top 5 markets.Hotspots such as Denver, Las Vegas, Reno, and Dallas would be appreciating at lower rates this year, the report predicted. The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Market Studies, News Share Save Previous: Delgado to CNBC: “We’re Not Ready” Next: A Closer Look at TRID The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Tagged with: Appreciation Home Values HOUSING Housing Supply Mortgage Rates Veros What Will Affect Home Appreciation in 2019? Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago January 17, 2019 2,126 Views Demand Propels Home Prices Upward 2 days ago About Author: Radhika Ojha Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Postlast_img read more

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Ronnie O’Sullivan signs up for Betting on Sports snooker session

first_imgShare Submit SIS grows Latin American footprint through Betcris deal August 12, 2020 Five-time world champion Ronnie ‘The Rocket’ O’Sullivan will be sending delegates ‘Snooker loopy’ at this year’s Betting on Sports conference in London (18-21 September).Appearing as an ambassador for BetCris alongside the operator’s UK CEO Hilly Ehrlich, the Rocket is set to play a starring role in a session dedicated to why snooker is such a good fit with the bookmakers, held as part of the ‘Sport in Focus’ track.This full day #boscon2018 track will cover key issues from eight leading sports, including transforming fan enthusiasm for darts into betting interest and countering the threat of match fixing in tennis to secure more commercial ties with the bookmakers.Held in the Aintree Suite at Olympia Conference Centre, the track will also deliver insight into building a rugby audience ahead of Japan 2019, harnessing the continual growth of basketball, tackling cricket’s integrity issues and supporting a golfing fraternity that seemingly holds no interest in the betting sponsorship model.Sport in Focus is just one of the six main tracks alongside Betting on Racing, Betting on Americas, Betting on Regulation, Innovation & Technology and Future of Betting. The conference will also play host to ESI London, Casino Beats Summit, AffiliateFEST Conference, SBC Sponsorship Forum and SBC Sports Betting Hall of Fame Awards.O’Sullivan is no stranger to supporters of SBC Events, having appeared at last year’s SBC Snooker Forum in Marylebone, where he revealed that his unique style of play has forced bookmakers to create a separate predictive algorithm for when he is on the table.He also predicted that 70 to 80% of the sport’s top players will be Chinese within the next 10 years, because the grassroots program in the UK is no match for the conveyor belt of talent driven by 5,000 snooker clubs in Shanghai and 3,000 in Beijing.O’Sullivan said: “I’m proud to be involved in the BetCris mission to push snooker to a wider audience, particularly in China where there is such a vast opportunity to attract new bettors. I’m looking forward to speaking to the delegates at Betting on Sports about the opportunities presented by the sport, and why it will always be such a good fit with the bookies.”Ehrlich added: “Snooker has grown to the point where it’s now played in front of an international audience. Fans worldwide are quick to connect with big characters and follow their progress in the biggest tournaments with a bet. For this reason, Ronnie O’Sullivan is the perfect ambassador for BetCris.”SBC Founder & CEO Rasmus Sojmark commented: “Ronnie O’Sullivan is an undisputed legend of snooker, so we’re delighted to secure him as a speaker for Betting on Sports 2018. Anyone that follows snooker will be aware of his impact on the sport, his understanding over its status as a betting proposition, and his reputation for putting on a show.” Related Articles Growth hungry PandaScore nets back-to-back client wins  July 20, 2020 StumbleUpon W88 secures Crystal Palace front-of-shirt sponsorship August 3, 2020 Sharelast_img read more

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Special projects in Alpena County to close roads

first_imgAddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisThe Alpena County Road Commission will begin some special projects this week, which means road closures as early as tomorrow.The projects include Burks Manor Subdivision, Pohl Rd., and Elden Dr. in Alpena Township. The pavement in those areas will be resurfaced, and the gravel roads will be upgraded to pavement.Costs for the projects will be taken on by Alpena Township, the Alpena County Road Commission, and adjacent property owners. Roads will be closed to traffic during construction.Work is expected to be complete October 6, 2019.AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThis Tags: alpena, Alpena County Road Commission, closures, Road Commission, roadsContinue ReadingPrevious Traditional pill containers have met their replacementNext NOAA scientists survey lakebed for shipwreckslast_img read more

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