Freddie Mac: What’s Influencing Housing Affordability Now?

first_img Freddie Mac HOUSING mortgage 2017-10-03 Nicole Casperson Servicers Navigate the Post-Pandemic World 2 days ago Freddie Mac: What’s Influencing Housing Affordability Now?  Print This Post Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Nicole Casperson is the Associate Editor of DS News and MReport. She graduated from Texas Tech University where she received her M.A. in Mass Communications and her B.A. in Journalism. Casperson previously worked as a graduate teaching instructor at Texas Tech’s College of Media and Communications. Her thesis will be published by the International Communication Association this fall. To contact Casperson, e-mail: [email protected] Share Save Tagged with: Freddie Mac HOUSING mortgage The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / Freddie Mac: What’s Influencing Housing Affordability Now? Demand Propels Home Prices Upward 2 days ago Related Articles in Daily Dose, Featured, Headlinescenter_img In a recent report by Freddie Mac, the relative influence of regulatory and geographic constraints on housing affordability was examined, discovering that the restrictive land use of cities and metropolitan areas have reduced affordability.According to the GSE’s September Insights report, many cities geographic constraints have had a greater impact on housing costs. And while regulatory reform can help moderate housing costs, “geographic constraints are permanent and limit the impact of regulatory relief.”The insights also discovered that house prices are 2.4 times higher than in the non-geographically constrained group, and the house price to income ratio is twice as high. Meanwhile, increases in demand cannot produce more housing, “thus prices must adjust by a larger amount.”In addition, the homeownership rate in the geographically constrained group, which includes cities like San Francisco, New York, and Chicago, “is only 56 percent compared to 64 percent in both moderately constrained and non-geographically constrained areas.”Sean Becketti, Chief Economist, Freddie Mac said a thought experiment can illustrate the impact of regulatory relief and the limits on that relief in a city that also is constrained by geography.“Imagine that San Francisco’s land use regulations were relaxed significantly,” Becketti said. “The ensuing reduction in house values would encourage migration to San Francisco, but the city’s geographic constraints guarantee that housing would still be expensive despite the reduction in regulation.”“And, over time, existing homeowners would find it more and more in their economic interest to lobby for the restoration of stricter regulations,” Becketti added. Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Nicole Casperson Previous: Unraveling the Equifax Data Breach Next: Capitalizing on Housing Market Growth Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago October 3, 2017 1,488 Views Subscribelast_img read more

University hires security to monitor students in quarantine, isolation

first_imgIn order to prevent students under quarantine or isolation from violating safety protocols, Notre Dame hired additional security personnel to patrol the properties, the South Bend Tribune reported Wednesday.Students who fail to remain in their assigned rooms will face disciplinary action, “including possible dismissal,” University spokesman Dennis Brown said in the article.Notre Dame contracted with Monterrey Security and VSS Security Services to hire officers for off-campus quarantine and isolation sites. In addition, Indiana State Police Alliance troopers will monitor the sites at night beginning Thursday for students violating the code of conduct they were required to sign upon quarantine or isolation.The University has also contracted with six off-campus facilities, Brown said. While Notre Dame has declined to reveal the sites, The Observer sources have determined students are quarantining and isolating in the Morris Inn, The Foundry, The Landings and University Edge.Notre Dame has refused to publish the number of students in quarantine or isolation.“That is not a number that we will be providing publicly,” Brown said in the article. “It is ever-changing. People are added and then safe and healthy and able to leave, so we’re not going to try to keep track of that on a daily basis by any means.”According to the report, residents of The Landings have expressed concern to management over students in quarantine and isolation failing to abide by safety protocols.“Unfortunately, we have received reports of students failing to abide by the code of conduct,” a letter to residents said. “As a result, the University is working quickly to enhance security measures at The Landings in order to closely monitor student behavior and ensure compliance with all polices. I understand that this is not ideal and I understand your concerns.”Tags: COVID-19, Dennis Brown, Isolation, quarantine, securitylast_img read more

Top Stars to Participate in Abu Dhabi T10 League

first_imgAbu Dhabi: After a scintillating World Cup 2019, global cricket fever is set to sweep the UAE as a sensational roster of cricket superstars prepare to take the pitch at the Zayed Cricket Stadium for the Abu Dhabi T10 League from November 15 to 24.The third season of the T10 League will be headlined by several international cricket captains and newly minted World Cup heroes. The star-studded line-up is set to include Eoin Morgan, Shoaib Malik, Darren Sammy, Angelo Mathews, Lasith Malinga, Shane Watson and Cameron White, Mohammad Shahzad, Andre Russell, Kieron Pollard and Dwayne Bravo – all putting their hands up for team selection in the 2019 Abu Dhabi T10 draft.Commenting on the league, Morgan said: “I heard from a lot of parents that this year’s (ICC World Cup) was the first one they could enjoy with their sons or daughters. Kids are discovering the joy of cricket all over again. Well, the T10 is brilliant for bringing kids and first-time fans into the stadium, where you’ve got all the stars, all the action and all the glamour you could hope for. It’s just brilliant for the future of cricket all around.” Former West Indies captain Sammy shared a similarly positive outlook towards the tournament and its new home. (IANS)Also Read: Abu Dhabi new home of T10 cricket for next 5 yearslast_img read more

Lion Country Safari drive-thru safari reopens Thursday

first_imgThe Lion Country Safari announced the reopening of its drive-thru safari.The zoo was forced to shut down in March due to the coronavirus pandemic.The announcement for the reopening was made on Wednesday.The zoo’s drive-thru will reopen on Thursday, May 7 from 9:30 a.m. to 5:30 p.m., with the last car admitted at 4:30 p.m.Zoo officials said tickets must be pre-purchased and are only valid for the drive-thru on the selected date.The walk-thru park will remained closed.last_img