Is Another Recession on the Horizon?

first_img in Daily Dose, Featured, News Share Save Sign up for DS News Daily Tagged with: GDP Recessions U.S. Economy Servicers Navigate the Post-Pandemic World 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago While many analysts expected economic growth to be weak in the first quarter, no one expected it to be as weak as it actually was.The Bureau of Economic Analysis (BEA) “advance” estimate for the gross domestic product (GDP) growth rate in Q1 reported a rate of 0.5 percent for the quarter. And while Q1 has had its problems in recent years—the GDP grew at only 0.7 percent for the first quarter of 2015, then shot up to 3.9 percent for Q2—none were expecting it to be that low.GDP growth was 1.4 percent in the fourth quarter of 2015.According to the BEA, the slow Q1 GDP growth reflected a larger decrease in nonresidential fixed investment, a deceleration in personal consumption expenditures (PCEs), a downturn in federal government spending, an upturn in reports, and larger decreases in primary inventory investment. These factors were partially offset by an upturn in local government spending and an acceleration in residential fixed investment, according to the BEA.“Our forecast was about 0.7 growth and it came in at 0.5,” said Fannie Mae Chief Economist Doug Duncan. “People’s expectations had adjusted toward that. The good news in there was that housing actually increased its contribution, and that’s consistent with our forecast. The thing I think people continue to be disappointed with is the consumption numbers and the business fixed investment numbers were quite weak. That’s actually not surprising, given that corporate profits have fallen over the last several months, and companies typically don’t invest when profits are falling.”Duncan added that is a risk component of the economic picture going forward, there is a “pretty high correlation between a decline in profits and a recession, even though most people don’t have that in their forecast at the moment.”With the GDP growth that low, is a recession in the cards for the near term? Capital Economics said the likelihood is low.“Following on from the 1.4 percent gain in the final quarter of last year, (growth of less than 1 percent) suggests the U.S. economy lost more momentum and could be headed for a full-blown downturn,” Capital Economics said in a recent report. “The risk of a recession this year is still relatively low, however, particularly as the improvement in the activity surveys points to a rebound in GDP growth soon.”There will be two more estimates for Q1 GDP growth; one will be released in late May and one in late June. The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago GDP Recessions U.S. Economy 2016-04-28 Brian Honea Home / Daily Dose / Is Another Recession on the Horizon? Demand Propels Home Prices Upward 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Brian Honea Demand Propels Home Prices Upward 2 days ago Is Another Recession on the Horizon? Servicers Navigate the Post-Pandemic World 2 days ago Previous: Closing the Gap: Achieving Diversity in Housing Finance Next: Carrington: Delivering the Real Estate Goods Data Provider Black Knight to Acquire Top of Mind 2 days ago April 28, 2016 1,131 Views Subscribelast_img read more

Housing Market Momentum to Carry Into 2021

first_img Data Provider Black Knight to Acquire Top of Mind 1 day ago  Print This Post Housing Market Momentum to Carry Into 2021 Share 1Save Previous: Montgomery: Outgoing Cabinet Members, Political Appointees Deserve ‘Gratitude’ Next: Renewed Regulatory Focus in 2021? Sign up for DS News Daily 2021-01-25 Christina Hughes Babb Demand Propels Home Prices Upward 1 day ago About Author: Veronica Bradley The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribe Related Articles The housing market should continue to be a busy place, according to First American. In fact, there are a few factors to keep the momentum of 2020 going well into the year.For 2021 predictions to make the most amount of sense, it’s necessary to recap December 2020. The year ended with a 77.1 percent increase from the potential low point reached in February 1993. The overall market potential for existing-home sales actually increased 11.9 percent compared to the previous December, which is a gain of nearly 658,628 seasonally adjusted annualized rate (SAAR).Even with such high numbers, the market failed to hit its potential by 1.2 percent or 73,142 (SAAR) sales.“In the final month of 2020, the market potential for existing-home sales reached its highest point since 2007, rising to a 6.18 million seasonally adjusted annualized rate (SAAR) of sales,” said Mark Fleming, chief economist at First American. “While the winter months are traditionally real estate’s slow season, the housing market had one more surprise for us in 2020, as our measure of the market potential for existing-home sales showed the housing market again broke with traditional seasonal patterns during this unprecedented year.”So, what’s going to drive the market in 2021? Mostly millennials driven by low mortgage rates. The older portion of this generation is on the hunt for upgraded homes, and since 90 percent of homes on the market are existing-home sales, their desire to move will add inventory.Because of the pandemic, many potential sellers stayed put in 2020, actually increasing the average tenure length of owning a single home. A year ago, the average amount of time someone lived in a home was 10 years, and it has now increased to 10.5 years.The lack of for-sale homes caused by the pandemic decreased inventory by 170,200 in December 2020.“While the supply-demand imbalance will persist, existing homeowners who were hesitant to sell amidst the worst of the pandemic may be encouraged to bring their homes to market, relieving some of the supply shortage,” Fleming said. “Swelling demand and the potential for greater supply means housing market potential in 2021 is likely to remain strong and build off a historic 2020.”Low mortgage rates will also entice first-time buyers to enter the market. The Best Markets For Residential Property Investors 2 days agocenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Veronica Bradley has covered the consumer packaged goods industry, the tech industry, the healthcare industry, and a few other industries that impact people’s daily lives. When she isn’t researching and writing, she moonlights as an amateur accountant and bookkeeper for a small family brewpub, because unlike most writers, she isn’t afraid of numbers. The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, News Demand Propels Home Prices Upward 1 day ago Servicers Navigate the Post-Pandemic World 2 days ago January 25, 2021 1,085 Views Home / Daily Dose / Housing Market Momentum to Carry Into 2021 Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 1 day agolast_img read more

Angels bracing for tough homestand against A’s and Dodgers

first_img Newsroom GuidelinesNews TipsContact UsReport an Error The Angels, who have gotten off to a slow start, are about to face a tough test.This week the Angels will have a eight-game homestand including three games against the Oakland A’s and three against the Dodgers. The final two are against the San Francisco Giants.The A’s have won nine in a row to bring a 12-4 record to Anaheim, and the Dodgers are off to an 11-5 start. After getting swept in Texas, the Angels are 5-11.“I’m looking forward to playing both of those teams, I really am,” Maddon said before Sunday’s game. “I do believe that we’re going to start hitting. I like the way the pitching is trending.” This time Teheran will be allowed to increase that significantly.“If he’s really cruising  you could probably let him go to 90, but I’m thinking 75-80 would be the appropriate number.”Teheran missed most of summer camp recovering from COVID-19, so he was behind the other starters.TEXAS TURFThe Angels’ first trip to Globe Life Field has included a few mistakes by infielders, including a blown double play ball by Tommy La Stella that cost them Friday’s game and a boot by sure-handed David Fletcher on Saturday. Maddon said the field at the brand new ballpark is part of the issue.He said the ball picks up a lot of topspin on the turf, before reaching the dirt. Also, the surface is more bouncy than a natural field.“Just think about the games you’ve seen on regular grass fields; you don’t see that kind of bounciness to a ground ball,” Maddon said. “And then the spin at the end of it, it really can fool an infielder…. It’s just one of those things. I love the ballpark. They’ve done a wonderful job and I’m not banging on it. It’s just an adjustment that needs to be made.”ROBLES BETTERDemoted closer Hansel Robles pitched a scoreless inning, with three strikeouts, on Sunday. Robles also averaged 95.9 mph with his fastball, which was up from the 94.5 mph he was averaging coming into the game.A day earlier, pitching coach Mickey Callaway said they needed to find a way to get Robles back closer to the 97.2 mph from last year. Callaway said the issue is that Robles needed to find another way to generate adrenaline without fans.center_img The Angels entered the final game of Sunday’s trip hitting .211, which was 12th in the league. They produced three runs in the series finale, but still managed only six hits, none with runners in scoring position.Maddon shuffled the lineup, moving slumping Anthony Rendon down to the No. 5 spot and Tommy La Stella up to the No. 2 spot. He said it was primarily to split up the left- and right-handed hitters so they wouldn’t be susceptible to the Rangers’ lefty relievers.Besides that, he said the solution to the hitting woes was likely for the players to just relax and let their talent take over.“Try easier,” he said. “I mean they can’t try any harder than they are. I mean that’s what happens. Guys get in a little bit of a rut and they get tighter, try harder, swing harder, which means you get longer and slower. I think less work is better than more right now.”TEHERAN’S TURNJulio Teheran is scheduled to make his second start of the season on Monday. Teheran was pulled after just 52 pitches and 2-2/3 innings in his first start, because he was on a pitch count of about 55, Maddon said.last_img read more

Sumner County Attorney has yet to determine whether Jason Schoemann will be charged with Sunday morning stabbing

first_imgby Tracy McCue, Sumner Newscow — Sumner County Attorney Kerwin Spencer said he will be sifting through a significant amount of reports and witness testimonies to determine whether or not to formally charge Jason Schoemann, 43, of Wellington, who is currently in custody for the alleged stabbing of his son.Jason SchoemannSchoemann is currently being held in Sumner County jail on suspicion of possible felony charges of aggravated battery and domestic battery. In the next 24 hours, Spencer expects to determine whether or not to charge Schoemann for the stabbing that occurred in the 1100 block of South Washington in Wellington, Sunday morning.Jason’s 22-year-old son, Austin Schoemann, is currently at Via Christi-St. Francis being treated for knife wounds to his chest and shoulder. Spencer said Austin is expected to recover, but will probably stay in the hospital for the rest of this week.Spencer said he will determine whether or not the evidence shows that Jason Schoemann aggressively pursued his son in the stabbing, or if he was reacting in self defense.He said he will be reviewing eight one-hour audio tapes containing testimonials from four to five witnesses, plus read the lengthy official police report.“It’s a complicated situation,” Spencer said. “I have to determine to what extent was the father protecting himself from eminent danger or if he was making unlawful contact (against his son).Spencer would not delve into the specifics of why the incident took place.“If I make charges, then a lot of that will come out in the court complaint and I can respond to those public charges,” Spencer said. “If I don’t make charges, then I still feel it is appropriate that I owe the public some kind of explanation to why I decided not to prosecute the case.”The Wellington Police were called to the S. Washington residence at 3:18 a.m. Sunday morning and learned that two adult males – 43 and 22 years old and identified as a father and son – were involved in a physical altercation where the son was stabbed in the upper chest.Wellington EMS transported the Austin Schoemann from the scene and subsequently to Wichita for treatment. The 43-year-old male was transported and treated at SRMC and subsequently booked into Sumner County jail on the suspicion of aggravated and domestic battery.Spencer said he expects to visit with Police Chief Tracy Heath before taking the audio tapes and police report home to determine what will be his next course of action.He said the testimony of Austin’s mother, Jennifer, which witnessed the incident, will be a huge determining factor on what course of action he decides to take.Follow us on Twitter. Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. There are no comments posted yet. Be the first one! Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new commentslast_img read more