Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe Home / Daily Dose / Economic Conditions Top Concern in Fannie Mae Survey Demand Propels Home Prices Upward 2 days ago Print This Post The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Government, Headlines, News Consumer attitudes about housing diminished somewhat last month as economic worries weighed on their minds, according to new survey results.In its latest monthly National Housing Survey, Fannie Mae found 57 percent of Americans still believe the economy is on the wrong track, flat from April’s survey. Meanwhile, 38 percent said the economy is on the right path, up from 35 percent in the last survey but still down from last year’s highs.Despite that gain in confidence, fewer respondents in the May survey expect their own financial situation to improve over the next year as household incomes show little improvement.Further, economic conditions remain a top concern among consumers who believe now is a bad time to buy or sell a home, said Doug Duncan, chief economist at Fannie Mae.”While recent housing activity suggests that the worst of the housing slump may be behind us, this caution among consumers supports our expectation that the rebound in home sales will likely be too modest to pull sales for all of 2014 ahead of last year,” Duncan said.Survey responses on housing suggest consumers might be taking greater notice of current market trends. As home price increases slow to a more moderate pace, the share of respondents who said prices will continue to rise over the next year fell to less than half, while the share expecting declines rose slightly to 7 percent.Overall, the average 12-month price change expectation was 2.9 percent, flat from April.Meanwhile, the number of respondents expecting mortgage rates to make any meaningful change—up or down—over the next year fell, while the share of Americans who believe it would be easy to get a mortgage today climbed up to 49 percent. The latter measure has alternated up and down each month since the start of the year. Consumer Confidence Economic Conditions Fannie Mae National Housing Survey 2014-06-09 Tory Barringer The Best Markets For Residential Property Investors 2 days ago Economic Conditions Top Concern in Fannie Mae Survey Tagged with: Consumer Confidence Economic Conditions Fannie Mae National Housing Survey Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Fitch: RMBS Delinquency Not Indicative of Trend Next: HUD Reaches Settlement with Seattle Apartment Complex June 9, 2014 738 Views Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago read more
Members of the Saint Mary’s community heard author James Carroll speak at the 2012 Christian Culture Lecture on Tuesday night. The Christian Culture Lecture series, held in conjunction with the Department of Humanistic Studies, presents a preeminent figure in the humanities. The speaker explores an aspect of the Christian dimension of Western culture. Carroll, an award winning nonfiction and fiction writer, gave a lecture titled “The Reforming Dimension of Christianity in Western Culture and Beyond.” Carroll has written many notable books; among them are his memoir, “An American Requiem” and his novels, “The City Below” and “Secret Father,” both of which were named Notable Books of the Year by The New York Times. In the most current version of “Vatican II: The Essential Texts,” published earlier this month, Carroll and Pope Benedict XVI wrote introductions to the text. In the lecture, Carroll addresses the need for reform that the Second Vatican Council addressed, as well as the role of Vatican II 50 years later. “We must reconcile the challenge of bringing one’s traditional faith with all its treasures into the age of reason,” Carroll said. Carroll explored the reformations brought out of Vatican II and the place the council holds in today’s world, not only for Christians but for all people. “Believers of all stripes have a moral obligation to examine that ways that religion abets violence and to change these ways,” Carroll said. “The obligation to do this is universal.” Carroll explored the way secular culture can trivialize belief. He said the reforms in Vatican II were needed “to the core of the Church.” Carroll said Vatican II represented a landmark shift in the Church’s attitudes. “The Church’s worldview changed and static scholasticism developed into active participation and exploration of faith,” Carroll said. “The doctrine was extensively developed and the Church’s perspective of truth changed.” The 50th anniversary of Vatican II, Carroll said, still marks a beginning and not an end. “The changes Vatican II brought to our Church go deep into the Christian imagination. When there is resistance to Vatican II, this is good news because people understand how deep the changes to our faith go,” he said. Carroll closed with a call for Christians to follow the authentic and loving Jesus. “The first followers of Jesus did not follow doctrine, but discipleship. [The disciples] imitated Jesus more than worshipped him,” he said. “The key to the true meaning of Christianity and the reform of Christianity is through the imitation of Jesus. The capacity for transcendence lies in every human person.” read more
North of a line from Columbia County to Hall County to Fannin County, levels are at or below the 5th percentile. At the 5th percentile, we would expect more moisture in the soils 95 out of 100 years in late June.Farm ponds, especially ones not fed by springs, are showing the lack of rain. Many ponds didn’t receive adequate recharge during the winter and entered the summer already low. Through October, Georgia’s best chance for widespread drought relief will be tropical disturbances. The tropics usually don’t become active until late summer. More drought information can be found at www.georgiadrought.org. Automated weather data across Georgia is at www.georgiaweather.net. Daily rainfall from CoCoRaHS is available at www.cocorahs.org. USGS data is at ga.water.usgs.gov. Water conservation information is available at www.conservewatergeorgia.net. With June temperatures routinely hitting the 90s and little rain so far this summer, drought conditions have worsened across Georgia.Conditions in the western half of south and middle Georgia have deteriorated the most. A few weeks ago, these regions were classified as abnormally dry. They are now in severe drought.Severe drought now exists west and north of a line crossing Lowndes, Cook, Tift, Turner, Crisp, Dooly, Houston, Bibb, Jones, Baldwin, Hancock, Glascock, Warren, McDuffie and Richmond counties. It includes Albany, Atlanta, Augusta, Columbus, Macon and Rome. Severe drought conditions occur about once in 20 years.Much of north Georgia is in extreme drought. This includes an area north and east of a line crossing Lincoln, Wilkes, Taliaferro, Greene, Morgan, Walton, Gwinnett, Forsyth, Dawson, Gilmer and Fannin counties. The cities are Athens, Blairsville, Clayton, Cumming, Gainesville and Madison. Extreme drought conditions occur about once in 50 years.Moderate drought conditions exists in Echols, Lanier, Berrien, Irwin, Ben Hill, Wilcox, Pulaski, Dodge, Bleckley, Twiggs, Wilkinson, Laurens, Washington, Johnson, Jefferson, Burke, Jenkins, Screven and Effingham counties. Moderate drought conditions occur about once in 10 years.Clinch, Atkinson, Coffee, Telfair, Wheeler, Treutlen, Emanuel, Candler, Bullock, Evans, Liberty, Bryan and Chatham counties are in mild drought, which occurs about once in seven years.Abnormally dry counties are Camden, Charlton, Ware, Bacon, Jeff Davis, Montgomery, Toombs, Tattnall, Long and McIntosh.Currently, the only counties not in drought are Glynn, Brantley, Pierce, Appling and Wayne. However, a hot, dry July could cause drought to develop rapidly.The biggest concern over the next several weeks will be stream flows and soil moisture. Almost half of the U.S. Geological Survey stream gauges across Georgia are at record low flows as of June 25. This analysis includes only gauges with a minimum of 30 years of records. It doesn’t include gauges on the Chattahoochee River below the Buford Dam or gauges on the Savannah River.Streams at daily record low flows include the Chattahoochee River near Cornelia, the Etowah River at Canton, the Notteley River near Blairsville, the Chattoga River near Clayton, the Broad River near Bell, the Flint River near Carsonville, Oakfield, Albany and Newton, the Oconee River at Athens, Milledgeville and Dublin, the Ocmulgee River near Jackson and Lumber City, the Ohoopee River near Reidsville, the Withlacoochee River near Quitman and Ichawaynochaway Creek near Milford.Several streams are at or below their 7Q10 flow value, which is the 7-day flow that has only a 10 percent chance of occurring in any given year. When it does happen, it typically occurs in September or October, when stream flows are normally at their lowest for the year. Seeing streams at or below the 7Q10 in late June indicates the severity of the current conditions. Streams currently below their 7Q10 are the Broad River near Bell, the Little River near Washington, the Ocmulgee River near Jackson, the Oconee River at Dublin, the Flint River at Carsonville and Ichawaynochaway Creek at Milford. Streams slightly above their 7Q10 are the Middle Oconee at Athens and the Chattooga River near Clayton.Soil moisture levels are extremely low north of a line from Seminole County to Screven County. North of a line from Chattahoochee County to Richmond County the levels are at or below the 10th percentile. At this percentile, we would expect more moisture in the soils 90 out of 100 years in late June. read more
Would you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletters To access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.
SOMERTON, Ariz. (Jan. 16) – The checkered flag flew Friday for Manny Baldiviez, on a night of firsts at Cocopah Speedway.Baldiviez won the first-ever weekly IMCA Sunoco Stock Car feature held at Cocopah and in Arizona. The victory was also his first in sanctioned competition and followed an inadvertent 360 degree turn after the race was over. “The fans enjoyed it,” the Chula Vista, Calif., driver reported good-naturedly. “It was a pretty fun race and I really enjoyed it.” Baldiviez started fifth and had the lead midway through the 15-lapper. Nine cars comprised the inaugural field and runner-up honors went to Joey Essary. Local street stocks give way to IMCA Stock Cars this season at Cocopah. Just two points had separated Baldiviez from the final title awarded in that class last year. “I’m really going to focus on the championship this season,” said Baldiviez, a six-time street stock feature winner in 2014. “This track has been getting better every year. Their name has been getting out more in the racing world, which is great for them.” His wife Andrea and buddy Mike Harlan make up Baldiviez’ crew. Largely self-sponsored, he’s backed by Discount Tires and Chassis Dynamics, both of Yuma. “It’s tough but we make it work,” said Baldiviez, who keeps his Stock Car in a local shop. “What I like best about this class are the racers I race with. They’re friendly and they drive clean.” “This is a class you can get into and not have to spend a lot of money,” he continued. “I’ve only got a couple years under my belt so it’s a good place for me to start.” Stock Cars join race programs each night of Winter Nationals at Somerton on Feb. 6. 7, 13 and 14.Cocopah promoter Greg Burgess had announced his intention to sanction his Stock Car division with IMCA this season in April of 2012. read more