Millennials Leading Revival In Urban Areas, According to Home Value Forecast

first_img June 1, 2015 1,336 Views Related Articles Millennials Leading Revival In Urban Areas, According to Home Value Forecast The Best Markets For Residential Property Investors 2 days ago Tagged with: Home value Forecast Millennials ProTeck Valuation Services Urban Areas In an examination of whether millennials are helping inner cities experience a rebirth, the authors of ProTeck Valuation’s Home Value Forecast (HVF) for May determined that while some urban areas with populations dominated by millennials are thriving, urban recovery is still happening slowly nationwide, according to a press release from ProTeck on Monday.”While millennials’ impact can be seen, the rehabilitation of America’s inner cities does not happen with a broad brush,” said Tom O’Grady, CEO of Pro Teck Valuation Services.  “Change comes one building, then one neighborhood, then one ZIP code at a time.”In order to test the theory that millennials are causing a great migration back to the inner city, the HVF examined urban areas with millennial-dominated populations in two of the top 10 cities ranked by the American Institute for Economic Research (AIER) according to amenities important to millennials and job prospects (Minneapolis-St. Paul and Boston). What the HVF authors discovered was that the two urban areas examined to determine what impact millennials were having, the Lyn-Lake area of Minneapolis and South Boston, have withstood the housing bust and were at all-time highs.”The Lyn-Lake area of Minneapolis is a vibrant community that embarked on a strategic plan to further engage residents and businesses. South Boston also has seen a transformation over the last few years into a thriving live-play-work space,” the authors wrote. “As we discussed in our September, 2014 HVF update, Market Trends Across the U.S. – How Economic Restructuring Affects Housing Affordability, metros at differing points in their economic restructuring have different affordability. Smart companies are looking at affordability and moving to where there is a large percentage of the population with a bachelor’s degree or higher. Boston and Minneapolis are number 4 and number 7, respectively, on the list and look well poised for future housing appreciation.”In addition to Minneapolis-St. Paul and Boston, cities mentioned in the AIER research as the most highly educated metros were Austin, Denver, New York City, San Francisco, San Jose, Seattle, and Washington, D.C. Four of those cities, Denver, San Francisco, San Jose, and Seattle, were ranked among the top 10 metros in the latest HVF.”Educated millennials are gravitating to cities and we believe this is creating an urban revival in many key metros across the country,” O’Grady said.The May HVF update ranks the 10 best and worst performing metros according to market condition ranking model. The rankings, run monthly for single-family home markets in the top 200 core-based statistical areas (CBSAs), use leading real estate market indicators such as sales/listing activity and prices, months of remaining inventory, days on the market, sold-to-list price ratio, foreclosure percentage, and REO activity, according to ProTeck.The top CBSAs in April as reported in the May HVF were Seattle-Bellevue-Everett, Washington; Denver-Aurora-Lakewood, Colorado; San Jose-Sunnyvale-Santa Clara, California; Santa Cruz-Watsonville, California; Vallejo-Fairfield, California; Bellingham, Washington; Phoenix-Mesa-Scottsdale, Arizona; San Francisco-Redwood City-South San Francisco, California; Oakland-Hayward-Berkeley, California; and Reno, Nevada.The bottom CBSAs in April as reported in the May HVF were Baltimore-Columbia-Towson, Maryland; Deltona-Daytona Beach-Ormond Beach, Florida; Elgin, Illinois; Fort Lauderdale-Pompano Beach-Deerfield, Florida;Gary, Indiana; Kansas City, Missouri-Kansas; Lake County-Kenosha County, Illinois-Wisconsin; Lakeland-Winter Haven, Florida; Memphis, Tennessee-Mississippi-Arkansas; and Rockford, Illinois.”Seattle joins Bellingham, WA in the top ten this month,” O’Grady said. “Denver, Phoenix and Reno also are in the ranks of the top 10, which have been dominated by California metros such as San Jose, San Francisco, and Oakland-Hayward-Berkeley. All of the metro areas in the top 10 have less than five months of remaining inventory with San Francisco having less than two months. Also, the foreclosure percentage of sales is well below 10 percent in every market.” Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Subscribe Servicers Navigate the Post-Pandemic World 2 days ago Share Save 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 Demand Propels Home Prices Upward 2 days agocenter_img in Daily Dose, Featured, Market Studies, News Home value Forecast Millennials ProTeck Valuation Services Urban Areas 2015-06-01 Brian Honea About Author: Brian Honea Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago  Print This Post Data Provider Black Knight to Acquire Top of Mind 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 ago Previous: Household Debt Outstanding Inches Upward While Delinquency Rates Are Improving Next: Nevada Senate Passes Bill to Amend ‘Super-Priority Lien’ Law Home / Daily Dose / Millennials Leading Revival In Urban Areas, According to Home Value Forecastlast_img read more

BST CAT championship program this weekend

first_imgJohn Burrow Jr. has the IMCA Modified point lead heading into championship weekend for the BST CAT Tour. (Photo by Terry Gardner)By Suzan McCoyCALHAN, Colo. – While rain has been a challenge throughout the season, IMCA race teams in five divi­sions will challenge for BST CAT championships this Saturday, Aug. 12 at El Paso County Raceway in Calhan.The BST CAT Tour features IMCA Modifieds, IMCA Sunoco Stock Cars, Karl Chevrolet Northern SportMods, IMCA Sunoco Hobby Stocks and Mach-1 Sport Compacts. This tour has traveled to four differ­ent dirt tracks located in Colorado, Phillips County Raceway in Holyoke, I-76 Speedway in Fort Mor­gan, and Lamar Speedway in Lamar in addition to El Paso County.The leader in the Modified standings is John Burrow Jr. with 247 points, but Greg Sharpe is right behind with 243. A.J. Valim was 10 points ahead of Burrow and Sharpe before the July 3 race at I-76 Speedway; unfortunately he wrecked in his heat race and went to the “B” main.Joe Bellm, BST promoter, got behind the wheel this year to become the Stock Car point leader. John Luck, with only a one point difference, is ready to battle it out with Bellm for first place.Northern SportMod CAT Tour Ryan Moser has a 29-point lead over Danny Concelman. Shad Cooper leads in the Hobby Stock division but blew his engine at Phillips County on Aug. 4 which could open the door for Max Quint.  Leading in the Sport Compact is Chad Mann with 209 points, but girlfriend Shalanda Smith is only two points behind.  You would not know the two are dating while watching them race.With all the divisions being too close to call, we are excited to get to the track and watch these racers com­pete for the CAT Tour championship.last_img read more

Struggling Espanyol sack coach, their third time this season

first_imgRelatedPosts Bale completes Tottenham return from Real Madrid Live stream Premier League, La Liga, Serie A on Showmax Pro this weekend Premier League, La Liga back on DStv, GOtv Struggling Espanyol said on Saturday they have sacked coach Abelardo Fernandez, the third manager they have dispensed with this season, as they fight to extend their 26-year stay in La Liga.Fernandez was appointed in December after David Gallego and Pablo Machin were each dismissed. But in spite of a positive start since play resumed following a three-month break due to the coronavirus pandemic, Thursday’s 1-0 defeat at Real Betis proved the last straw.“Espanyol announce that Abelardo Fernandez has been relieved of his duties as first team coach,” the Barcelona club said in a statement.“This decision has been taken due to the team’s recent performances and with the clear aim of keeping the club in the top flight.”The club added in a later statement that sporting director Francisco Rufete would take charge of the team for the remainder of the season.His first game is a daunting home fixture on Sunday against La Liga leaders Real Madrid. In 13 matches in charge, Fernandez earned three victories and five draws as well as five defeats.He leaves Espanyol bottom of the table on 24 points, eight points from escaping the relegation zone with seven matches remaining.Reuters/NAN.Tags: David GallegoEspanyolLa Ligalast_img read more

Local Teacher Reassigned Over Quiz Question About President Trump

first_imgA local middle school teacher has been reassigned, after allegedly including an inappropriate question on an online quiz about President Donald Trump.The incident occurred at Watson B. Duncan Middle School in Palm Beach Gardens.A parent tweeted a photo of a multiple-choice test question given to students in a Computer Applications class.The question reads, “45th president, 2017, Republican, Real Estate businessman, idiot.” The possible answers listed below the question are: “Donald Trump, Ronald Reagan, Richard Nixon, Jimmy Carter.” Photo courtesy: WPEC/CBS12 The unidentified parent who brought the matter to the school district’s attention says, “My reaction was very disappointing. It is an obvious example of indoctrination in our school systems, where teachers are forcing their opinions on our children.”A letter from the School District of Palm Beach County to parents of students at the school reads: A question on a quiz given by your child’s Computer Applications teacher yesterday, was brought to my attention this morning. The question was inappropriate, and demonstrated an unacceptable lack of good judgment on the part of the teacher. An investigation is now underway, and the teacher has been reassigned during this process. Because this is an open inquiry, I am not at liberty to share any additional details with you at this point. I apologize for this incident, and for the offensive verbiage used in the question. Thank you for your patience, and your continued support of Watson B. Duncan Middle School. An investigation is underway.last_img read more