California Faces Affordability Challenges

first_img The Best Markets For Residential Property Investors 2 days ago Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe September 16, 2019 1,275 Views Demand Propels Home Prices Upward 2 days ago Affordability California rents 2019-09-16 Seth Welborn Previous: Housing Market Braces for Rate Cuts Next: What Weighs on Housing? Tagged with: Affordability California rents Home / Daily Dose / California Faces Affordability Challenges The Best Markets For Residential Property Investors 2 days ago California Faces Affordability Challenges About Author: Seth Welborn in Daily Dose, Featured, Investment, Market Studies, Newscenter_img  Print This Post Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago California has the highest poverty rate in the nation, according to analysis from the U.S. Census Bureau, and according to Texas Public Policy Foundation VP Chuck DeVore on Forbes, California’s new rent control law will likely make things worse.“California’s new housing stock has been severely restricted by the state’s myriad of web of development fees, restrictive zoning rules, environmental laws—including greenhouse gas restrictions—and lawsuits,” DeVore said. “Now it’s about to get much worse, with statewide rent control further discouraging new investment in the state.”DeVore notes that the bill also strengthens already-strong tenant protections, now barring property owners from pursuing evictions without a government-approved reason. The California Association of Realtors said that the bill will, “…impose onerous standards upon small property owners and, in turn, exacerbate the state’s housing crisis.”“In 2018, California builders started construction on 116,400 single and multi-housing units, likely not enough to accommodate demand with what was expected to be about 125,000 new households in the state,” DeVore notes. “At this rate, it would take builders 122 years to completely turnover the state’s 14.3 million housing units. California’s 2018 construction starts were 31% below the state’s historical average since 1960.”There is good news for homeowners and buyers in California, though. CoreLogic reported that home sales in July grew from the year prior for the first time in a year. Growth was motivated by lower mortgage rates. Home prices across the state were less than 2% above last year, and prices in the Bay Area fell annually for the third-consecutive month.The nine-county San Francisco Bay Area saw the purchase of 7,404 new and existing houses and condos, which is a 2.2% year-over-year decline. Median-sales prices, though, fell 4.1%—the largest decline December 2011’s 10.5% drop.The report finds that an estimated 42,432 new and existing homes and condos were sold in July, which is a 5.1% increase from June and up 1.8% from July 2018. CoreLogic, however, stated that housing activity usually declines, with the average decline for the two months being 5.3%. Sign up for DS News Daily Demand Propels Home Prices Upward 2 days agolast_img read more

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Ocean City Hopping With Holiday Shoppers

first_imgBy Maddy VitaleAnthony and Elena Kazoun definitely wrapped all of what Ocean City has to do for the holidays, into one day.And they loved every minute of it.“We went shopping. We got pictures with Santa. We did more shopping, and now we are going on a horse and carriage ride,” Anthony Kazoun said Saturday.Elena Kazoun just got done checking out some dresses at Making Waves, 836 and Asbury Ave., where some apparel was discounted by 50 percent, one of the many stores along the avenue that featured holiday discounts. The Kazoun kids, Anthony, 8, and Milana, 7, were all smiles as they got ready to head up Asbury Avenue for their next adventure. “Merry Christmas,” they said in unison, before heading to take a carriage ride. As days to Christmas tick away, shopkeepers are ramping it up with steep discounts. Festive music plays as the city’s landscape of wreathes, bright red ribbons adorning old-fashioned lampposts, and a white horse clip-clopping down Asbury Avenue taking people on fairy-tale like rides add to the holiday spirit.Free horse and carriage rides are one of the downtown holiday attractions.Dawn Mottola, an employee at Bella U, 838 Asbury Ave., a boutique that features jewelry, furniture and clothing, said business has been great. “This time of year is always busy,” Mottola said, while helping customers who strolled in. “There is a lot to do on Asbury Avenue. It is a busy season. It is just nice. It is a like a winter wonderland.”Larry Friedel, owner of 7th Street Surf Shop, 720 Asbury Avenue, said business has been very good.“Shopping locally is good. People don’t have to drive out of town. Ocean City is a great place and there are a good group of stores here,” Friedel said.Some hot gifts at the surf shop continue the trend of Yeti coolers and beverage container popularity. Another season pleaser – ukuleles and the young kids love the Onewheel, similar to a motorized skateboard, that gives a feeling of surfing but on land. Colin Devine, manager at 7th Street Surf Shop, said Ocean City’s events really help keep traffic to the downtown.“Ocean City does a great job making it a really cool little destination to come to,” Devine said. “It definitely helps business.” Meryl and Blue Vangelov. owners of Shriver’s say gift baskets are popular.Despite cool temperatures, shoppers strolled along the Boardwalk and perused the shops. Meryl and Blue Vangelov, owners of Shriver’s Salt Water Taffy and Fudge, 9th Street and the Boardwalk, had a few minutes to spare in between the hustle and bustle of managing the employees and navigating the floor. A steady stream of customers flowed in and out to pick out that favorite goodie to give as a gift. Boxes of homemade chocolates and their famous salt water taffy were as always, big hits.“It’s a great time to come in the store for some last-minute gifts,” Meryl, third generation owner of the landmark business. “We have great baskets and trays too.”There are all sorts of gift baskets. One was filled with macaroons, chocolate covered pretzels and chocolate kisses. For people who can’t make it into the shop they can always visit www.shrivers.com.Eleanor Sapienza, of Mays Landing, and her daughter Liz Sapienza, of Rhode Island, always make it a point to stop by Shriver’s a few times a year – the holidays are no different.“We always come for the taffy,” Eleanor said. “We love it.”Liz was busy looking at the different boxes of chocolates and settled on double dip mints for her mother-in-law and neighbors – and of course a box of taffy.Shriver’s, the iconic candy store on the Boardwalk, offers an array of holiday delights. Asbury Avenue businesses boast deals for First Day shopping.last_img read more

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USAID to Allocate $1.17 Million to Support Venezuelans

first_imgBy Voice of America (VOA)/Edited by the Diálogo Staff October 13, 2020 On August 27, the United States Agency for International Development (USAID) announced that it will grant $1.17 million to five institutions that will directly benefit Venezuelans in Brazil, Colombia, Ecuador, and Venezuela.The money is part of a partnership between USAID and the Inter-American Development Bank that seeks to identify, finance, and provide innovative solutions to Venezuelans and the communities that receive them throughout Latin America and the Caribbean.The association intends to improve access to food, education, and employment opportunities, in addition to “promoting entrepreneurship, social cohesion, and the economic empowerment of women.”According to a U.S. Department of State press release, the money will go to different institutions that work for the welfare of Venezuelans.In Colombia, the recipient institution will be the International Rescue Committee, which will help reach educational goals in 16 major schools located in the border city of Cúcuta, and it will address issues such as youth violence and xenophobia against migrants.Meanwhile, the designated institution in Brazil and Ecuador is Caritas Brazil, which will launch an online portal in Portuguese and Spanish to provide thousands of Venezuelans with access to a reliable network of legal, logistical, and humanitarian services.In Brazil, the Terroá Institute will also expand its nationally recognized program, and work with young Venezuelans and Brazilians to strengthen social cohesion, employability, and integration in Brasilia, Manaus, and Sao Paulo, through an entrepreneurship skills acquisition program.In Venezuela, two local organizations will work with these funds. One will work with communities to develop innovative sustainable agricultural techniques that will improve food security, as well as stimulate women’s leadership skills and strengthen communities’ self-sufficiency.The other will support entrepreneurship initiatives in the food sector by implementing an entrepreneurial skills program for women.last_img read more

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All Assam Football Players Association (AAFPA) to work for development of football in Assam

first_imgOur Sports ReporterGUWAHATI: All Assam Football Players Association (AAFPA) will take a series of steps to develop football in the state. The decision was taken in the Annual General Meeting of the association which was held at the AOA Conference Hall in the city.The meeting also constituted new executive committee with Hem Das as president and Durga Boro as secretary.Talking to The Sentinel the new secretary Durga Boro today said, “A series of resolution were taken in the meeting with aim to develop football in Assam. We need good programme in the grass root level and also sufficient number of good coaches. We will give special thrust in these two areas.”The association will also introduce player of the year and coach of the year awards from the next year and will also felicitate one former international footballer in the programme.The meeting feels, constitute of one football association in each district is now very essential as there was instance that many people, who didn’t have proper knowledge of the game, had become the member of the Assam Football Association. It is one of the factors that hinder the development of football in the State. A team from the association will soon meet with the AFA officials and place the request in this regard.Meanwhile AAFPA will organize 3-4 charity matches in the coming months to raise fund for the family members of former footballer Apurba Phukan who recently died in a road accident. Boro said, “Apurba was from our fraternity and it would be nice if we do something for his family. We will soon organize 3-4 charity matches in different parts of the state and the entire amount would be handed over to his family.” Also Read: Sports Newslast_img read more

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