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Existing-Home Sales Hit Six-Year High

first_img in Daily Dose, Featured, Market Studies, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 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. About Author: Xhevrije West Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Subscribe Previous: Investors Revive Suit Against U.S. Bank in State Court Over $743 Billion Worth of RMBS Next: The Five Pillars of Risk Management Existing-Home Sales Hit Six-Year High June 22, 2015 1,259 Views As first-time buyers enter the housing market, the total number of existing-home sales saw the largest increase in May than it has in nearly six years, according to a report by the National Association of Realtors (NAR). May home sales experienced a growth spurt following April’s decline and are now at their highest pace since November 2009. All major regions experienced sales increases in May, led by the Northeast.According to NAR, total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums, and co-ops, increased by 5.1 percent to a seasonally adjusted annual rate of 5.35 million in May from an upwardly revised 5.09 million in April. Sales have now seen increased year-over-year for eight consecutive months and are 9.2 percent (4.90 million) above a year ago.”Solid sales gains were seen throughout the country in May as more homeowners listed their home for sale and therefore provided greater choices for buyers,” said Lawrence Yun, NAR’s chief economist. “However, overall supply still remains tight, homes are selling fast and price growth in many markets continues to teeter at or near double-digit appreciation. Without solid gains in new home construction, prices will likely stay elevated—even with higher mortgage rates above 4 percent.”Total housing inventory increased by 3.2 percent to 2.29 million existing homes available for sale at the end of May, and is 1.8 percent higher than the 2.25 million homes for sale a year ago, the report says. Meanwhile, unsold inventory dropped down to a 5.1-month supply at the current sales pace for May, down from 5.2 months in April.Single-family home sales increased by 5.6 percent to a seasonally adjusted annual rate of 4.73 million in May from 4.48 million in April, and are and now 9.7 percent above the 4.31 million pace a year ago, the report says. The median existing single-family home price was $230,300 in May, up 8.6 percent from May 2014.”The return of first-time buyers in May is an encouraging sign and is the result of multiple factors, including strong job gains among young adults, less expensive mortgage insurance and lenders offering low downpayment programs,” said Yun. “More first-time buyers are expected to enter the market in coming months, but the overall share climbing higher will depend on how fast rates and prices rise.”Chris Polychron, NAR president and executive broker with 1st Choice Realty in Hot Springs noted that Realtors overwhelmingly support the Consumer Financial Protection Bureau’s proposal of a two-month delay for the implementation of the new TILA-RESPA Integrated Disclosure, or TRID, regulation.”NAR has long advocated the need to avoid implementing the new regulation during the peak buying season,” Polychron said. “With interest rates on the rise, many families wanting to buy are looking to lock-in at current rates and move into their new home before the school year starts. Holding off on TRID implementation through the summer helps these buyers avoid any disruption or delays in closings that could develop once the regulation goes into effect.”Click here to view the National Association of Realtors’ Existing-Home Sales Report. Tagged with: Existing Home Sales First-time Buyers Housing Inventory Housing Market National Association of Realtorscenter_img Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Existing Home Sales First-time Buyers Housing Inventory Housing Market National Association of Realtors 2015-06-22 Brian Honea Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Share Save Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Existing-Home Sales Hit Six-Year High Related Articleslast_img read more

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‘This Man Made Millions of Dollars at the Expense of Our Loved Ones’

first_img FacebookTwitterLinkedInEmailPrint分享David Gutman and Kate White for the West Virginia Gazette-Mail:Six years and a day after Massey Energy Co.’s Upper Big Branch Mine exploded, killing 29 men, Don Blankenship stood in federal court and tried to express his sorrow to the miners’ families.“The lost coal miners were great coal miners,” Blankenship, the former Massey CEO and a towering figure in coal country, told the court.For the families, many of whom sat through Blankenship’s entire two-month trial, it wasn’t enough. Not nearly.U.S. District Judge Irene Berger gave Blankenship the maximum allowable sentence for his actions leading up to the explosion — one year in prison, one year of supervised release and a $250,000 fine.For that, the families are thankful.But the apology, and the relative lightness of the maximum allowable sentence — a year in prison for willfully conspiring to violate mine safety standards — didn’t sit well.As Blankenship left the Robert C. Byrd U.S. Courthouse on Wednesday afternoon, several family members of UBB victims, emotions still raw six years later, didn’t hold back. Decorum had reigned in the courtroom, but no longer.Tommy Davis, who lost his brother, son and nephew at UBB, reached above the scrum of attorneys and news media surrounding Blankenship to point his finger at the man he blamed.“You don’t have a heart; you don’t miss your kids like we miss ours,” Davis, who was working in a different section of UBB that day, shouted at Blankenship. “I hold a picture, I hold a tombstone; you hold nothing.”Afterward, shaking with emotion, his voice breaking, he said Blankenship showed no remorse, and his apology in the courtroom didn’t help.“It didn’t mean nothing, and it still won’t mean nothing,” Davis, whose son Cory, 20, was the youngest miner killed at UBB. “He never come to me in six years, never come to me, never come to my mom, my dad who’re gone now. They grieved themselves to death. He never come to apologize to us. He never said nothing.”Annette Workman, who lost her husband, Ricky, in the mine, stood quietly outside the courthouse with her family after the sentencing. When Blankenship walked out of the building, she also approached, letting her feelings be known.“Did you ever go down in that mine?” she shouted at the former CEO.She said it was hard to remember what happened during the court proceedings.“I feel like it was a blur,” she said, “like I didn’t know what was going on.”She pointed at her daughter, Monica White, who was holding Workman’s granddaughter, Makenzie.“That’s one he never got to see,” Workman said.“I think he should have gotten a little bit more time,” White said, tears filling her eyes.Gary Quarles, who lost his son, Gary Wayne Quarles, 33, at Upper Big Branch, didn’t care for the apology either.“It really tore me and my wife both up,” Quarles said. “It’s a little too late to apologize now, you know? I don’t know why he did that.”Blankenship was not charged with or convicted of causing the explosion at UBB, but for Clay Mullins, who lost his brother, Rex, it was a distinction without a difference.He noted that 365 days in prison amounted to about 12-and-a-half days for each dead miner.“This man made millions of dollars at the expense of our loved ones,” he said. “Rex Mullins’ family wants their 12-and-a-half days paid in full.”Blankenship’s apology didn’t sway Mullins. Neither did the fact that Blankenship reasserted in court, “I am not guilty of a crime.”“He’s not sorry. He’s sorry he got caught,” Mullins said. “He has been nothing but arrogant, gives the families dirty stares, dirty looks. That’s Don Blankenship’s game that he is playing in front of the judge.”Because Blankenship’s conviction was not directly connected to the explosion, Berger did not allow any family members to speak in the courtroom before she sentenced Blankenship. She also cut Blankenship off when he began to talk about the explosion.Betty Harrah, who lost her brother, Steve, wanted to speak but was happy that Blankenship would be going to prison.“If I could just be there when the damn door closes behind him,” she said.“He had the chance to speak, so why couldn’t I?” Harrah asked. “I want them to know that I lost my everything. My family lost everything.”Dr. Judy Jones Peterson lost her brother, Edward Dean Jones, in the explosion. She had been planning to speak, as well, but was just as happy not to. Standing outside the courthouse with her surviving brother, sister and mother, Jones Peterson said Judge Berger spoke for the families.In issuing her sentence, Berger told Blankenship that, as CEO, he was “ultimately responsible” for the working conditions of the mine.“Each day and each shift that miners don their hats and boots and proudly go underground,” Berger said, “generally without any trepidation to make a living for themselves and for their families, they necessarily rely on owners and operators and administrators of these mines to provide a safe workplace.”Full article: Families react to Blankenship verdict: ‘I hold a tombstone; you hold nothing’ ‘This Man Made Millions of Dollars at the Expense of Our Loved Ones’last_img read more

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Fulham players party inside Wembley after securing promotion

first_img They came fourth in the regular season and he insisted Parker’s men always sat under the radar in the promotion race. “I can’t put it into words. It feels special. We got written off a bit this year, no one talked about us, they talked about Brentford and Leeds,” he said. “It shows the spirit in the dressing room, not many teams bounce back up. I knew we had that performance in us, all season when we needed to win, we’ve done it when it mattered. “Brentford are a great side, a pleasure to watch and these were the two best sides in the Championship play-off final.” Fulham celebrated with the trophy inside Wembley  after winning the Championship play-off final against Brentford and securing promotion to the Premier League on Tuesday night Goal hero Joe Bryan insisted Fulham proved the doubters wrong after he fired them back to the Premier League. The defender scored a brilliant 35-yard free-kick and added a second late in extra-time as Scott Parker’s side beat Brentford 2-1 in the Championship play-off final, sparking wild celebrations from the players at Wembley and their fans outside their Craven Cottage stadium in west London. It sent Fulham back to the Premier League at the first attempt after their relegation last year, and secured a £170 million  jackpot from prize money and television income in what is the most lucrative match in world football. Joe Bryan celebrates after scoring the first goal in extra time “I’m not the hero, every single one of them, fans and people around us who has been with us all season is,” Bryan said. “We’ve been written off five, six, seven, eight, nine, 10 times, I think I read somewhere we were supposed to be scared of them. Loading… Read Also: UPDATED: Fulham return to EPL after victory over Brentford Boss Parker added: “I feel emotional, the journey you go on – the ups and downs along the way, the disappointment. “I’m the face which fronts it up but behind the scenes is a support network of people who keep you going. I feel for those who are not here and those who have supported me as the manager. “I’m very proud of my team and what we’ve done.” FacebookTwitterWhatsAppEmail分享 “We took it to them, we scored twice, they made it hard for us but they’re a good team and they’ve been playing really well. I can’t believe we made it straight back up.” Fulham skipper Tom Cairney scored the winner when Fulham beat Aston Villa 1-0 in the 2018 final. Promoted ContentBear Cubs ‘Dancing’ In Forest Delight The InternetWhy Do So Many Digital Assistants Have Feminine Names & Voices?10 Absolutely Unique Facts About Kanye7 Black Hole Facts That Will Change Your View Of The Universe10 Inventions That Make Us Question HumanityThe 10 Best Secondary Education Systems In The World10 Risky Jobs Some Women Do2020 Tattoo Trends: Here’s What You’ll See This YearWho Is The Most Powerful Woman On Earth?6 Stunning Bridges You’ll Want To See With Your Own EyesEverything You Need To Know About Asteroid Armageddon7 Reasons It’s Better To Be A Veganlast_img read more

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Hansi Flick extends Bayern deal until 2023

first_imgRelatedPosts Italy introduces compulsory virus testing for travellers from France Nigeria records new COVID-19 infections, more deaths as figures rise to 57,242 I was in best of forms before Tokyo Paralympics was postponed — Powerlifter Ejike Hansi Flick has signed his new Bayern Munich contract, having agreed the deal back at the start of April.The coronavirus pandemic has delayed him putting pen to paper on the contract that runs until 2023 but it is now official. Bayern posted two pictures of Flick at their Sabener Strase board offices on Tuesday with the likes of Oliver Kahn and Karl-Heinz Rummenigge posing alongside him with protective facemasks on.In one he is posing with a pen poised about the contract and the other he is standing in the middle of a boardroom with chairman Herbert Hainer and sporting director Hasan Salihamidzic to the left, CEO Rummenigge and executive board member Kahn on the right.Bayern is back training again and preparing to restart the Bundesliga behind closed doors on May 9.They will no doubt be delighted to have Flick committed given his impressive work since taking the helm as interim boss last November.He joined the staff in July last year as assistant to Nico Kovac but the Croatian was sacked after a poor run of form. Flick revitalised the side and the club have been working to put the pieces in place for their future in recent weeks.Rising star Alphonso Davies has also signed a new deal, his until 2025, and Thomas Muller was given a contract extension until 2023.They were riding high in the Bundesliga and Champions League when the season ground to a halt but will be optimistic about defending their title when the Bundesliga resumes next month.After signing his new deal, Flick told the club’s website about how he planned to marry the need to win with an entertaining brand of play.He said: “When I was a player, it was all about success. You’d win 1-0 any way possible. Today, winning alone isn’t enough. I think that’s spot on. Of course, it’s about trophies in the end. “But I can fully identify with the fact that Bayern now has the ambition to delight its fans with more than a 1-0 win. We should always think about which player fits our mentality. This club is special.”Tags: CoronavirusHansi FlickOliver KahnSabener Straselast_img read more

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