Housing Shows Strength in Numbers

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago If you’ve ever wondered how much every home in America is worth combined, the latest Real Estate Analytics report by Zillow will do the math for you. According to the report, the total value of every home in the United States was expected to reach more than $29.6 trillion in 2016, which is a record high and a 5.7 percent increase from 2015. If that isn’t enough to boggle your mind, the combined value of all homes in the nation is more than the GDP of the United States and China put together.“So it’s safe to say the United States housing market is pretty darn valuable—worth more than the entire 2015 market capitalization of every U.S. public company combined (roughly $25 trillion),” Zillow Chief Economist Svenja Gudell said, noting that “the national housing market is really just a collection of smaller, local markets. And on their own, the total value of housing in some of America’s priciest places is eye-popping.”One West Coast city topped the list for its lavish homes. Los Angeles homes, which include celebrity-populated suburbs like Beverly Hills and Malibu, hold the title as America’s most valuable housing market and have a combined total value of more than $2.5 trillion, which is more than double the combined wealth of America’s 50 richest citizens. The Big Apple came in at a close second at less than $2.4 trillion, and is arguably more or less than the GDP of France. The San Francisco Bay area rounds out the top three spots, with a combined housing value of almost $1.3 trillion. The rest of the top ten most valuable metro markets in the U.S. are Washington, D.C., Miami, Chicago, Boston, San Jose, San Diego, and Philadelphia, according to Zillow. On the renters’ side of the market, Americans spent $479 billion on rental properties, which was $18 billion more than they spent in 2015 and $97 billion more than in 2011 during the recession, Zillow reported. Not surprisingly, New Yorkers paid the biggest chunk of change by spending $54.6 billion in rent last year, which was $2.4 billion more than they paid in 2015, according to Zillow. Following New York City were residents of Los Angeles and San Francisco, who spent $38.6 billion and $15.8 billion respectively on rent in 2016.Markets that accumulated more than $10 billion in rent were Chicago ($14.9 billion); Washington, D.C. ($14.4 billion); Miami ($12.3 billion); Dallas ($11.1 billion); Houston ($10.5 billion); and Boston ($10.3 billion). Housing Shows Strength in Numbers Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Mirasha Brown is a graduate of Florida A&M University and is pursuing a masters degree at Syracuse University. Born and raised in Florida, she has contributed to public relations and marketing campaigns for Rent The Runway and Billboard. She is a communications specialist with The Five Star and a contributing writer to DS News and the MReport. The Week Ahead: Nearing the Forbearance Exit 2 days ago January 4, 2017 1,638 Views Previous: The Ever-Growing World of Performing Mortgages Next: Banks’ Credit Exposure is Much Less Risky These Days Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Is Rise in Forbearance Volume Cause for Concern? 2 days ago Share Savecenter_img The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Tagged with: Housing Market Los Angeles New York Rent Top Markets Zillow Subscribe Home / Featured / Housing Shows Strength in Numbers  Print This Post Demand Propels Home Prices Upward 2 days ago in Featured, Market Studies, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Mirasha Brown Related Articles Housing Market Los Angeles New York Rent Top Markets Zillow 2017-01-04 Kendall Baerlast_img read more

Lapid wants public announcements translated to Filipino, other dialects

first_imgLapid said his measure ensures that information relating to impending calamities or emergencies such as those on epidemics, outbreaks, social amelioration program, emergency assistance and other social protection measures of the Department of Social Welfare and Development (DSWD) are converted into an easily understandable form and translated to Tagalog or the appropriate dialect. The actor senator also said that the translated information shall be disseminated as widely as possible through all available media and communication channels. The Komisyon sa Wikang Filipino shall render the necessary technical assistance and expertise to the government agencies and local government units and monitor their compliance to the duties mandated by the Act./PN MANILA – A Senate bill mandates government agencies to translate all documents including announcements, advisories, press releases and other information on local and national disasters to Tagalog or the vernacular language. “Nais nating ang lahat ng impormasyon ukol sa mga kalamidad ay madaling maunawaan, lalo na ng ating mga kababayan sa iba’t ibang rehiyon,” Lapid said in a statement. According to Lapid, it is important that advisories, announcements or issuances regarding impending disasters or calamities are delivered either in English or Tagalog for easy understanding since there were more than 170 languages spoken in the Philippines. Senator Manuel “Lito” Lapid has recently filed Senate Bill No. 1539, or the Language Accessibility of Public Information on Disaster Act, in an aim to keep the public well-informed of and prepared for impending disaster.last_img read more

Herbert Addo has no intention of coaching again

first_imgFormer Inter Allies coach, Herbert Addo, has confirmed he has no intention of returning to coaching after mutually parting ways with the Tema side.The 5 time league champion endured a torrid start to the campaign with Inter Allies forcing both parties to part ways.The decision is the second in the space of a year for the trainer who departed Hearts under similar circumstances.For Addo, it is about time to bring an end to an illustrious career.“We have come to an agreement so I decided to retire because there is so much pressure,” he told Adom FM Sports.“I decided enough is enough. Too much pressure in the game itself.” “I have gone through the whole system and there a whole lot of little things people told me.”“I have no intention of coaching again. I just want put my house inn order, relax and reflect on the past and think about the future.”“If you want to compensate me, I am always around and it depends on the person and depends on the situation.”Former Wa All Stars coach Jimmy Cobblah has been tipped to replace Herbert Addo at Inter Allies. – Follow Joy Sports on Twitter: @JoySportsGH. Our hashtag is #JoySportslast_img read more

Report: Lonzo Ball cuts ties with Big Baller Brand co-founder as money concerns arise

first_imgThe Lakers declined to comment on a personal matter for the Ball family. When contacted by the Register, a spokesman for Ball confirmed details in the ESPN report but declined further comment.JAMES STILL WORRIED ABOUT GROIN INJURYLeBron James played Friday night, but his absence on Tuesday in Milwaukee indicates that he’s still concerned about the long-term effects of his groin injury from December. James has worked closely with trainer Mike Mancias on treating the area, whether he’s feeling sore or not, he said.While James wants to play in the remaining games this season, he said the injury is his foremost concern.“It’s just managing it and not taking no steps backwards,” he said. “So, at this point in the season, that’s the last thing I would want … to take a step backwards at this point.”The Lakers were also missing Josh Hart (knee tendinitis) and Mike Muscala (sore right ankle) from Friday night’s lineup against the Nets. Trail Blazers beat Grizzlies in play-in, earn first-round series with the Lakers Trail Blazers, Grizzlies advance to NBA play-in game; Suns, Spurs see playoff dreams dashed LOS ANGELES — Lonzo Ball’s season is over. But his offseason headaches might just be beginning.According to an ESPN report, the second-year Lakers guard and Chino Hills native has shifted power within his inner circle, cutting ties with Big Baller Brand co-founder Alan Foster after questions arose about his criminal history and unaccounted-for funds that could total $1.5 million. The allegations pose serious questions for the future of Big Baller Brand, an already troubled company since it started in 2016.The report drew attention to Foster, a close associate of LaVar Ball who helped him found an athletic apparel company after the family spurned offers by major brands. Big Baller Brand has since become known for being the marketplace brand of the Ball family, as well as for the high price tag ($495) of Lonzo Ball’s signature shoe.The Better Business Bureau has given Big Baller Brand an F rating for “a delay of weeks or even months to receive their order,” and sometimes receiving the incorrect order or no order at all. The company has also drawn criticism for poor customer service. Newsroom GuidelinesNews TipsContact UsReport an Error How athletes protesting the national anthem has evolved over 17 years center_img Lakers practice early hoping to answer all questions Lakers, Clippers schedules set for first round of NBA playoffs Ball was present on the Lakers’ bench but was not wearing BBB shoes, which has been common in games when he’s not playing. The ESPN report also indicated that the Lakers have expressed concerns about the shoes after Ball has suffered multiple ankle injuries in his two seasons with the franchise. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREUCLA alum Kenny Clark signs four-year contract extension with PackersBBB’s woes might not be the Ball family’s biggest concern: The ESPN report cited e-mails between Ball and his financial advisor about $1.5 million in withdrawals to one of Foster’s companies. Ball told ESPN that he had cut ties with Foster and empowered others in his circle, including agent Harrison Gaines, to “help him sort out the matter.”Foster also has a criminal record, including a 2002 case in which he pleaded guilty to fraud and money laundering charges that ESPN reported the Ball family was not aware of during their dealings with him.In past interviews, LaVar Ball has touted Foster’s business acumen, but the report’s revelations seem to have changed his tune.“I’ve always believed in the best in people. Regretfully, I put my complete trust in Alan Foster to manage my son’s business affairs,” LaVar Ball told ESPN. “At the end of the day, family comes first, and I support Zo wholeheartedly. Together, we will make this right.”Related Articleslast_img read more