DS News Webcast: Friday 2/21/2014

first_imgSign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago About Author: DSNews Previous: Fewer Prospective Homeowners to Clash Over Homes Next: Florida Men Sentenced for Defrauding Millions from Homeowners Governmental Measures Target Expanded Access to Affordable Housing 2 days ago 2014-02-21 DSNews Is Rise in Forbearance Volume Cause for Concern? 2 days ago Related Articles in Featured, Media, Webcasts Demand Propels Home Prices Upward 2 days agocenter_img RealtyTrac released a yearly housing affordability analysis Thursday, noting an average 21% increase in monthly house payments. Average payments rose from $714 in the fourth quarter of 2012 to $865 in the fourth quarter of 2013. Rising interest rates are cited as a factor in the increased payments. Interest rates rose to 4.46% in 2013 from the 2012 rate of 3.35%. On average, the increase in rates caused a 10 percent rise in median prices.Despite rising interest rates, the report notes that buying a home is still cheaper than renting in 296 out of 325 counties. Counties with some of the biggest increases in estimated monthly house payments included Contra Costa and Sacramento counties in California, both up more than 50%, Wayne and Oakland counties in Michigan, both up more than 45%, and Clark County, Nevada, up 43%.On Thursday, Realtor.com released its National Housing Trend Report for January. Despite severe weather conditions, the report notes positive trends in the number of listings and median list prices of homes. The number of listings rose 3.1% from January 2013, and the median list price is up 8.3% to $195,000. The median age of inventory is unchanged at 115 days. More listings and steady inventory point to a more stable market in 2014 says the real estate website.  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago February 21, 2014 425 Views DS News Webcast: Friday 2/21/2014 Servicers Navigate the Post-Pandemic World 2 days ago Home / Featured / DS News Webcast: Friday 2/21/2014 Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Subscribelast_img read more

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Coronavirus infections top 5 million worldwide

first_imgSecond surge As governments pray for an end to the economic strangulation of shutdowns, the race to develop a vaccine has been buoyed by experiments on monkeys that offered hope that humans can develop immunity to the virus. The US also pumped an additional $1 billion into the British pharmaceuticals group AstraZeneca to help fund the production of a vaccine.In the meantime, governments are testing ways to live with the dangers despite fears of a second wave of infections. Already a common sight in Spain, masks were officially made mandatory Thursday for anyone over the age of six in public places where social distancing is not possible.”The more tools we use, the better,” said Miguel Domingo, a 49-year-old architect talking his two dogs for a walk in Madrid, which is emerging from one of the toughest lockdowns. But the director of the European Centre for Disease Prevention and Control, Andrea Ammon, warned it was not a question of if there will be a second surge of infections but “when and how big”.”I don’t want to draw a doomsday picture but I think we have to be realistic. That it’s not the time now to completely relax,” she told Britain’s Guardian newspaper. The warning will be a tough pill to swallow for governments whose easing measures appear to have slowed the economic fallout from the pandemic, which has now “likely bottomed out” in the eurozone according to a survey by IHS Markit.In Denmark, the exit from lockdown picked up pace as museums and zoos began reopening Thursday and health officials said the spread of the virus was slowing.Cyprus also bounded into its second stage of de-confinement, lifting curfews and allowing outdoor restaurants, barber shops and beaches to open on the Mediterranean island, though airports and hotels remain closed. In reopened cafes, customers were seated outdoors with spacing between tables, while some ate with plastic face shields still on.Yet some experiments in adjusting to the new normal have gone awry.Not everyone was amused in Singapore by a yellow robot dog deployed to patrol a city park and monitor social distancing. The remote-controlled hound uses cameras to estimate the number of visitors and blasts out a message to remind joggers and walkers to stand at least one meter apart. “I think it’s really going to be chilling in a way — something is looking around and I’m not sure how it’s going to react to me when I go near it,” local resident Simon Neo told AFP. China’s ‘victory’ Trump, for his part, insists the US is “Transitioning back to Greatness” as states reopen at different speeds.His optimism was in sharp contrast to the bleak health situation in the country, which leads the world in cases and deaths.While daily death tolls are no longer on a steady incline, the losses are still punishing with more than 1,500 additional fatalities reported in 24 hours on Wednesday, bringing the total number in the US to more than 93,400.On the economic front, the latest figures out of the US showed the rate of unemployment slowing — but the total number of jobs lost since mid-March stood at an eye-watering 38.6 million. Trump, who is desperate to boost his political fortunes ahead of November elections, has also doubled down on his finger-pointing at China, who he blamed for “this mass Worldwide killing”. Beijing hit back, warning it would retaliate if the US goes forward with a  sanction’s threat.Republican US Senators proposed legislation last week that would empower Trump to slap sanctions on China if Beijing does not give a “full accounting” for the outbreak that emerged in Wuhan late last year.”It is neither responsible nor moral to cover up one’s own problems by blaming others,” said China’s parliament spokesman Zhang Yesui.We “will make a firm response and take countermeasures based on the deliberation of these bills”, he said. Despite criticism of its initial handling of the virus, Beijing is determined to project a  narrative of strength and success in reining in its own outbreak and coming to the aid of countries who have been hit far harder. Domestic cases are now down to a trickle, according to its official figures. In the latest symbol of normalization, the country held an opening ceremony Thursday for its biggest political event of the year — the Chinese People’s Political Consultative Conference (CPPCC) — after months of delay over health concerns. Analysts say the gathering’s sessions will officially start Friday and be a chance for the party to reaffirm its “victory” over the virus. Global infections from the novel coronavirus passed five million on Thursday as cases surged in Latin America, signs of normal life returned to parts of Europe and the US and China kept up their blame game over the pandemic. The grim milestone comes after known cases of COVID-19 doubled in just one month, according to AFP data collected from official sources, with the death toll now topping 328,000 worldwide.  While many hard-hit European countries have significantly curbed the contagion, Latin America is becoming a new hotspot with cases on the rise.  Topics :center_img In Brazil, far-right President Jair Bolsonaro continues to scorn experts’ advice on curbing the contagion as he presses regional governors to end stay-at-home measures. And like US President Donald Trump, he has promoted the use of anti-malaria drugs against the virus despite studies showing they have no benefit and could have dangerous side effects. Brazil logged the third-highest number of cases in the world after the US and Russia. Peru, Mexico and Chile have also seen steady increases in infections, with nurses in Lima warning that the health system is on the brink of collapse after cases and deaths tripled over the past three weeks. “It’s like a horror film,” Miguel Armas, a nurse at the Hipolito Unanue hospital in the capital Lima, told AFP.”Inside it seems like a cemetery given all the bodies. Patients are dying in their chairs [or] in their wheelchairs.” last_img read more

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