HUD Celebrates National Homeownership Month

first_img Related Articles  Print This Post The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily in Daily Dose, Featured, Government, News Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / HUD Celebrates National Homeownership Month The Best Markets For Residential Property Investors 2 days ago May 31, 2018 5,253 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years’ experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at [email protected] Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Save Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Ben Carson Homebuyers Homeowners Homes Households HOUSING Housing Counseling HUD 2018-05-31 David Wharton If you weren’t aware that June is National Homeownership Month, the U.S. Department of Housing and Urban Development aimed to change that on Thursday, kicking off a new media push and announcing their theme for the month: “Find Your Place.”“Homeownership serves as an enduring symbol of security and prosperity, and it provides many Americans with a legacy they can pass down to their children and grandchildren,” said HUD Secretary Ben Carson. “During National Homeownership Month, we recognize the abiding value of owning a home, and we rededicate ourselves toward helping hard-working families to find their place in the American dream.”In the media release, the department spotlights HUD’s legacy, stating, “Since 1934, more than 47 million households purchased a home with mortgage loans insured by the Federal Housing Administration (FHA). During the housing crisis of a decade ago, FHA played a critical role in keeping affordable mortgage financing available for millions of qualified borrowers. Today, home sales are at pre-crisis levels and home prices on the rise in most parts of the country as millennials make up the largest segment of first-time homebuyers. Through FHA and a national network of HUD-approved counseling agencies, HUD is working to make responsible homeownership a reality for millions of Americans.”HUD also provides a quick snapshot of the state of both homeownership and how the department is working to promote it in 2018:HUD’s Office of Housing Counseling (OHC) supports a nationwide network of more than 1,800 housing counseling agencies.Struggling homeowners at risk of default who work with a housing counselor are more likely to get a loan modification and are 30 percent less likely to face foreclosure, compared to similar owners who did not get counseled.The median wealth or net worth of a homeowner is nearly $200,000, or 36 times greater that of the median renter who had just over $5,000.Homeowners move far less frequently than renters, making it easier to build community networks and support systems.Children of families who own their homes are more likely to graduate high school and earn more income later in life.Last year alone, more than 1.2 million people turned to FHA to help them buy a home or to refinance into a lower cost mortgage.Today, an estimated 40 percent of all borrowers turn to FHA to purchase their first home.44 percent of home purchases by African American families and 43 percent of home purchases by Hispanic families are assisted by FHA.To see a short video of HUD Secretary Ben Carson reflecting on the legacy of the 1968 Fair Housing Act, click here. Tagged with: Ben Carson Homebuyers Homeowners Homes Households HOUSING Housing Counseling HUD About Author: David Wharton HUD Celebrates National Homeownership Month Previous: DS News June Issue: Mr. Ebers Talks Mr. Cooper Next: Remodeling Activity Soars, Breaks Records Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribelast_img read more

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Brisbane’s property market still offers good value with new research revealing it has become more appealing to investors

first_imgBrisbane’s prospects are set to grow, according to Terry Ryder.BRISBANE’S property market still offers good value with new research revealing it has become more appealing to investors.According to Terry Ryder of Hotspotting the best time to buy in the Sydney and Melbourne has well and truly passed.But he said Brisbane had prices roughly half those of Sydney and “considerably higher’’ rental yields.“Brisbane’s prospects are set to grow as the state economy improves after several years of lukewarm performance,’’ he said.Mr Ryder said while price growth for the entire Brisbane market has been fairly moderate in the past two or three years some suburbs had achieved double digit growth. He said the Brisbane metropolitan area was one of the most active capital city markets in Australia in terms of transaction numbers and he expected better price growth this year in specific areas. The Moreton Bay region, to Brisbane’s north was the leading area for market activity according to Mr Ryder.He said this was driven by affordability and infrastructure and also closeness to jobs nodes.More from newsMould, age, not enough to stop 17 bidders fighting for this home3 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor3 hours agoHe said the Redcliffe Peninsula had been driven by the completion of the long awaited rail link.Logan City was also a strong performer to the south of Brisbane. Mr Ryder said it had been a “market leader’’ in the past two years. While that had dropped off a little he said it would continue to attract homebuyers and investorsbecause of its cheap housing, good transport and infrastructure.Mr Ryder said suburbs within Ipswich City, had similar qualities to Logan.He said many of those suburbs were now delivering good price growth.The Redlands, to the east was now chalking up a higher number of sales because of its affordability.“It is increasingly emerging as an area of economic development and has good proximity to the Port of Brisbane and to Brisbane Airport.’’last_img read more

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Top-two water polo teams battle for bragging rights

first_imgThe top-two women’s water polo teams in the country will face off on Saturday when No. 1 USC hosts No. 2 UCLA in the second meeting this season of the crosstown rivals.This will be the third time the Women of Troy have faced the Bruins, first beating UCLA in February during the Triton Invitational Championship game. USC won the title with an 8-6 victory.USC and UCLA faced off in another title match during the championship game of the UCI Invitational in late February. The Trojans came out with a 10-7 win.“Even though we’ve already defeated UCLA earlier in the season, we need to focus on our game and play hard on offense and stop them on defense,” sophomore goalie Victoria Chamorro said.USC has been handling teams on the defensive side of the game, allowing a MPSF-leading 4.53 goals per game. Chamorro returns as an All-American from last year and is averaging 7.2 saves in her 30 periods of play.The other standout goalie for the Women of Troy is freshman Amanda Longan who is averaging 8.7 saves during her 32 periods in the net.USC’s own offensive prowess has allowed them to put up double-digit goals in 11 of their games so far this season. The Women of Troy (17-0, 3-0 MPSF) are second in the conference in goals scored with 12.59 goals per game and have outscored their opponents 214-77 over the course of the season.The leading goal-scorer for USC is junior driver Stephania Haralabidis with 46 goals — a number good enough to put her at No. 9 on the all-time goals scored list with 160 in her career. Just behind her is her sister, junior driver Ioanna Haralabidis who has scored 31 goals during the season.“Next week we want to focus on recognizing our opportunities on offense and forcing more turnovers on defense,” Stephania Haralibidis said. “We need to keep our intensity high.”The emphasis for USC will be on stopping UCLA’s high-powered offense. The Bruins (20-2, 3-0 MPSF) won their three games last weekend by a combined score of 61-11. Other than their two losses to USC, the Bruins have yet to lose a game this season. UCLA top-two goal scorers have each found the back of the net 32 times this season.“We need to be patient. It’s important that we take our time and watch the goalie so we can convert as many opportunities as possible,” sophomore utility Hayley McKelvey said. “We also really need to play hard on defense.”The two wins this season for USC snapped a losing streak of five games to UCLA including last year’s 7-9 loss in the MPSF tournament semifinals. UCLA owns the all-time record though with a 49-24 advantage over the Trojans. The rivalry game will begin at 1 p.m. on Saturday at the Uytengsu Aquatic Center.The Women of Troy won’t stop there though. Following their game against UCLA, USC has a non-conference game with Redlands slated to begin at 2:30 p.m. The Bulldogs (5-20) recently suffered a 5-20 loss against UCLA. USC holds an 8-1 record all-time against Redlands with the most recent game being a 31-0 win last year.last_img read more

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