New Buyers Unafraid to Jump into the Housing Market

first_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily Genworth Mortgage Insurance recently released their inaugural report on first-time homebuyers. Source data dates back to 1994 and analyzes over 20 million records. The survey tracks home sales to first-time homebuyers on a monthly basis, publishes quarterly, and compares the data against national housing market indicators. It is also singles out and identify homebuyers that purchased their home using a VA loan, USDA loan, FHA loan, or with a low downpayment coupled with mortgage insurance instead of the traditional 20 percent downpayment that has historically been required. The report found that this demographic accounted for 424,000 single-family home sales, or 38 percent of the total homes sold in Q1 of 2017. This amount is an 11 percent increase from Q1 2016, and the most since 2005.It also found that first-time homebuyers were the driving force behind the expansion of the housing market between 2014 and 2016, making up 85 percent of total sales and averaging an increase of 260,000 sales per year, two years in a row. During that time period, FHA loans were used 80 percent of the time to secure a mortgage—around 730,000 loans. An estimated 510,000 sales used private mortgage insurance to purchase their home, further reducing the number of homes obtained through a traditional 20 percent downpayment. In order to fully understand and predict the first-time homebuyer market, the report also tracks repeat homebuyers. In 2016, repeat homebuyers accounted for only 63 percent of home sales, the lowest since 2000. This is attributed to lower asset accumulation, preventing people from upgrading their living situation. In a statement released with this new data, Tian Liu, Chief Economist for Genworth Mortgage Insurance, said, “[First-time homebuyers’] impact has already been felt in falling inventory and rising home prices, and we expect them to increasingly drive growth to businesses most exposed to this market segment …  [b]y studying this group more closely, we hope to bring a better understanding about the many low down payment options available to help first-time homebuyers reach homeownership sooner.”The report for the second quarter of 2017 will be released August 22, 2017. Related Articles Subscribe Home / Daily Dose / New Buyers Unafraid to Jump into the Housing Market Share Save New Buyers Unafraid to Jump into the Housing Market Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, News Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago center_img Tagged with: FHA loan First-Time Homebuyers Genworth Mortgage Insurance USDA loan VA loan About Author: Staff Writer June 9, 2017 1,289 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago FHA loan First-Time Homebuyers Genworth Mortgage Insurance USDA loan VA loan 2017-06-09 Staff Writer Previous: Fannie Mae Sheds 3,400 Delinquent Loans in NPL Sale Next: Post-Foreclosure Stress Disorder: Barriers Keeping Buyers from Market  Print This Post 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 Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

MODEL UN (Bayonne High School)

first_img× MODEL UN — Bayonne High School Model UN students are pictured outside of the White House. The students are on a break from the North American Invitational Model UN Conference at Georgetown University. Based on their superior application, these students received a full scholarship to attend the conference. They are at the NAIMUN Conference with their Advisor. Mr. Wexler, and Bayonne High School Social Studies teachers, Dr. Bransfield and Ms. Toomey.last_img

Body of two-year-old found during search for missing child

first_imgAuthorities in Montana are reporting that they may have found the body of a 2-year-old boy who was reported missing after his parents were found dead of an apparent murder-suicide on Wednesday.The body of a child believed to be Aiden Salcido was located Sunday in a remote area of Montana where his parents Daniel Salcido and Hannah Janiak were found days earlier.“Positive identification has not been made, however the decedent was located in the same area that Hannah Janiak and Daniel Salcido were seen by several witnesses days earlier,” the news release said.According to police, the couple had been convicted on burglary charges in 2018 and Janiak was expected to start serving her sentence on June 11th but when she did not show up, authorities issued felony warrants for the couple’s arrest.Officials reported that with the help of witness reports, they were able to locate the couple who was homeless and would camp along a greenway in Medford. Authorities conducted a trafficstop, however, the couple fled the scene.  Authorities perused the couple but when they finally caught up with them, the couple was dead in an apparent murder-suicide.Investigators than began searching for the couple’s two-year-old son who was pictured with the couple when they made a purchase at Walmart for two camping gear items on June 2nd.Authorities also found a Walmart receipt for the day of the couple’s death. Surveillance showed that the two-year-old was not with the couple at that time.An autopsy has been scheduled to identify the child’s body and time of death.last_img read more

OVERTIME

first_imgBill Neal:10 Now look, let’s get something understood right from the gate, this week’s bottom line is all about the facts…the truth my man, nothing but the truth, short and sweet. So let’s get at it!:09 After a fair amount of noise from people who can’t see any better than Ray Charles or Stevie Wonder, let me assure you that Halle Berry is in fact the finest woman on the planet. Still the Queen… yes, a drama queen, but still #1. None the less, and if you have any doubts whatsoever, you need to revisit her website: www.halleyousofine.com!! Now here’s your first “Shut-up about it” for 2013.:08 It’s easy for some of you to talk that smack now about my Lakers and you know who you are. But let’s see if you’re still talking it when my boys upset O.K.C. for the Western Conference title!:07 I received the Steelers Super Bowl six pack as a Christmas gift and if you ever, ever, ever have any doubt as to who the greatest football team in history is, you only need to dial up the first four Super Bowls and you’ll be clear. The-most-dominant-team-of-all-time-mmmaaannn! And as good as the last two were, and I love them too…it’s not even close. Dude, they went five games in 1975 and nobody scored a point against them. The Vikings had 28 yards in the Super Bowl. C’mon man!:06 The Pirates traded away one of the best closers in baseball and they got little or nothing in return, as usual. You do the math.:05 There’s a reason for these strikes and shut-outs in sports I keep telling ya, and it’s not what they want you to think. Billionaires don’t get to be billionaires by accident. They don’t just throw money away. There is some benefit to these strikes that makes them richer and that my brother you can take to the bank. And yes, hockey is back!:04 Ever notice how you don’t see many ugly people around anymore? I mean, there are a few here and there…and you know who they are, yes you do, yes-you-do! But, you don’t see as many as we used to. It just makes me wonder where have all the ugly people gone? (Oh shut-up, you were thinking it too. You just needed me to say it for you!) I told you it was “Truth Time.”:03 Listen to me on this and listen to me good cause sometimes ya’ll be reading, but you don’t be listening. I took my three best friends in the world to the Savoy over the holiday. One from here, one from Atlanta and one from Florida. Now me and the other Pittsburgh cat know what the deal is upstairs at the Savoy with them “Younger Than Us” women, but my other partners wouldn’t listen and they went upstairs anyway. Well, let me put it to you this way, I am down to one best friend in the world cause we ain’t seen the other two cats since they followed them seven FFFiiinnneee girls upstairs. This is the truth…stay-your-ass-downstairs-if-you-ain’t-under-50 years old-man!!!:02 Sports Round-Up 2013 New England wins the Super Bowl. • Alabama wins the NCAA title in football. • Duke wins yet another NCAA basketball championship. • The Lakers will upset the Heat in seven for the NBA title… huh!?!? • “Tiger” will win three majors this year (and all his new women agree.) • The Yankees win the series and Jeter goes out on top. (I know, but a brother can dream can’t he?):01 At the Buzzer…hhheeerrreee we go! • “The Ultimate Force” Karate and Boxing Show is coming up next month featuring a salute to Master Jacquet Bazemore and Rayco “War Saunders”. More details next week. • The legend that you know as “Rocky” Ford who could shift gears better and faster with one arm than anybody else with two has crossed the finish line for the last time. Rest in peace Rock! • Champion Enterprises is looking for intelligent, caring, community minded people to join their executive staff, also for women who look like and want to be a part of the Allure Models for 2013. If you’re interested, call the Champions at 412-628-4856. • I saw “D’Jango” a second time and it was twice as good. Yeah, it’s rough and raw, but for you haters, you have to put yourself back in time and you must remember, It’s-Only-A-Movie!!! What is wrong with you people? • I gotta slip this in because S. Broadus… “The Boss” don’t like me doing this, but if you want or need to make a lot of money right away and the right way, there’s going to be a huge job opportunity that can change your life Jan. 27 at 3 Lakes Golf Course in Penn Hills, 6700 Saltsburg Rd., from 3-7 p.m. $10 cost includes free parking, gourmet coffee and tea, desserts and “The Chance Of A Lifetime.” Call “Q” for information at 412-628-7947. Do it…no, do it now…I am telling you…do it! • Champions and the Pittsburgh Passion Women’s Football Team will give “The Super”… Super Bowl Party. Food, drinks, models, legends, free parking and the game at 3 Lakes, Feb. 3, 5 p.m. Call 412-628-4856 for more information, and by now you know it’s going to be at Pittsburgh’s new No. 1 Spot to be, the magnificent 3 Lakes Golf Course.~Game Over~last_img read more

Gilmore claims another Bike Club victory

first_imgHowever, before the mountain bike championships, the Club will hold another Wednesday evening mountain bike race, beginning at 6:30 p.m., as well as Thursday’s Toony cross, also starting at 6:30 p.m. Placing second in the race was Richard Howes as he crossed the finish line with the stop clock reading 1:19:27, while Vancouver’s Jason Kaempffer rounded out third with a time of 1:22:47.Roger St. Jean was the first to finish the event’s abbreviated two lap ‘short creek loop’, doing so at 1:21:03.Tate Haugan won the ‘Roger’s Revenge’ circuit on the day, finishing the race with a time 1:04:54, while Barb Polehoykie finished first in the one lap short course, doing so at 45:00.- Advertisement -It’s a big week for the Blizzard Bike Club and its members, as this Sunday, September 23, the Club will be racing in the 18 club mountain bike championship in a ‘Cactus Thriller’, which will be ridden on the cactus trails.Five time champion Pat Ferris will not be taking to the trails this year, as he is recovering from an injury.Sunday’s race begins at 2 p.m.Advertisementlast_img read more

Bournemouth v Chelsea: Moses returns

first_imgVictor Moses and Nemanja Matic return to the Chelsea starting line-up.Moses has been passed fit after missing the Blues’ last two matches because of a toe injury, while Matic has been restored in midfield.Kurt Zouma drops out of the side and is on the bench, where he is joined by Cesc Fabregas.Bournemouth are without midfielder Dan Gosling, who has been unable to shake off a knee problem in time, while Tyrone Mings is suspended.Tottenham’s 4-0 win against Watford earlier in the day cut Chelsea’s lead at the top of the Premier League to four points. Bournemouth: Boruc; Smith, Francis, Cook, Daniels; Fraser, Arter, Wilshere, Pugh; King, Afobe. Subs: Allsop, Cargill, Ibe, Mousett, Gradel, Smith, Cook.Chelsea: Courtois; Azpilicueta, David Luiz, Cahill; Moses, Kante, Matic, Alonso; Pedro, Costa, Hazard. Subs: Begovic, Terry, Zouma, Chalobah, Fabregas, Willian, Batshuayi.   Ads by Revcontent Trending Articles Urologists: Men, Forget the Blue Pill! This “Destroys” ED x ‘Genius Pill’ Used By Rich Americans Now Available In Netherlands! x What She Did to Lose Weight Stuns Doctors: Do This Daily Before Bed! x One Cup of This (Before Bed) Burns Belly Fat Like Crazy! x Men, You Don’t Need the Blue Pill if You Do This x Do This Immediately if You Have Diabetes (Watch) x Follow West London Sport on TwitterFind us on Facebooklast_img read more

49ers Solomon Thomas wants to help others after sister’s suicide

first_imgSANTA CLARA — Solomon Thomas has shared a heart-wrenching, first-person narrative about his sister, Ella’s, Jan. 23 suicide, and while the 49ers and former Stanford defensive tackle discusses his daily struggle, he’s also seeking to help others with depression.“I’m trying to figure out ways to start something to help fight this national health crisis,” Solomon said in a piece for ESPN The Magazine. “I want to go talk to middle schools, because that seems to be when kids start to feel …last_img

Ohio hurricane relief efforts

first_imgShare Facebook Twitter Google + LinkedIn Pinterest This is not a comprehensive list, but here are some options for those wanting to help those dealing with hurricane damage.CPS semi load from Mt. Gilead (Sept. 11)In response to the devastating floods in Texas, Crop Production Services in Edison and Mt. Sterling, along with Jim Bartlett of Morrow County, are partnering up to send much needed supplies to Houston.Crop Production Services – Mt. Sterling Distribution will be taking a semi load of supplies directly to Houston by Sept. 11 and is currently looking for donations to help fill up the truck.“I couldn’t imagine going through what the folks of Texas are going through right now so I am asking you to please donate and show the Texas folks that Central Ohio cares, said Brandon Nace, Crop Production Services facility manager. “Thank you for your attention to this and any donations that you can provide.”A CPS semi-trailer will be parked in the Drug Mart parking lot next to Kroger’s in Mt. Gilead through Monday Sept.  11. The load will be taken directly to the Northside Christian church in Spring, Texas.Supplies needed include: baby formula, diapers, nonperishable food, bottled water, soap/ shampoo, tooth paste/ tooth brushes, hand sanitizer, cleaning supplies, new underwear and socks, new bedding, toilet paper, paper towels, and school supplies.Texas Farm Bureau ag assistanceThe Texas Farm Bureau has established a relief fund to address the agricultural losses inflicted by Hurricane Harvey. The category four storm struck Texas with a vengeance, flooding Texas farm communities, small towns and major cities. Those farm and ranch families are now left facing overwhelming odds following high winds and unprecedented rainfall. Click here to make a tax-deductible donation: http://texasfarmbureau.org/texas-farm-bureau-hurricane-harvey-relief-effort/last_img read more

The Democrats Prank Romney With Clever Search Engine Fun

first_imgA Web Developer’s New Best Friend is the AI Wai… fruzsina eordogh This is what national, presidential-election-year political campaigns do now: They make little prank websites to undermine their opponents. It’s the tech-savvy, 21st Century equivalent of a TV attack ad.   This particular example, carried out by the Democratic National Committe (DNC), punks Romney’s tax plan.  Google “Romney Tax Plan” and the first result takes you to RomneyTaxPlan.com – what looks like an official Mitt Romney site. But if you try to click the home page’s Get The Details button, the rectangular red button literally runs away from you. That’s the joke, you can’t ever “Get the Details” on Mitt Romney’s tax plan.  Related Posts 8 Best WordPress Hosting Solutions on the Market Why Tech Companies Need Simpler Terms of Servic… Tags:#politics#web Top Reasons to Go With Managed WordPress Hosting Manipulating key terms in Google search to display a message isn’t new by any means – George Bush and the words “miserable failure” is one of the earliest, most successful examples of “Google bombing.” And Rick Santorum’s “Google troubles” were considerably worse – as they involved a gross sex act.This prank carried out by the DNC employs a similar reliance on being the first hit on Google; Romney was not shrewd enough to buy the domain “romneytaxplan.com,” so the DNC did, and had a little fun with it.  At the very bottom, someone at the DNC wrote, “Mitt Romney has ducked and side-stepped every attempt to get the details of his plan, which sticks the middle class with the bill for $5 trillion in tax cuts favoring millionaires and billionaires,” with a link to a post titled “Romney’s tax plan adds up to a middle class tax hike.”    The advantage of this approach? Instead of catching heat for “going negative” in an attack ad, this cute and tech-savvy approach is gathering heaps of positive press.You can’t miss it when you search for “Romney Tax Plan.”last_img read more