Black, Hispanic Communities Still Feeling Legacy of Housing Crisis

first_img Share Save Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Loss Mitigation The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago A new report by Zillow states that 31.4% of all foreclosures that occurred between January 2007 and December 2015 occurred in predominantly black and Hispanic communities.According to the report, black communities accounted for 12.7% of foreclosures, and that number grew to 19.4% in Hispanic communities. Zillow further points out that homes in predominantly black and Hispanic communities account for only 17% of all U.S. homes.The amount of foreclosures that occurred in predominantly white communities during that time period was 66.4%, but 81.2% of all homes are located in white communities. Zillow’s report states that, based on the gap in housing between communities of color and white communities, homes in black and Hispanic neighborhoods are 2 and 2.5-times more likely to experience foreclosures than those in white communities.Communities of color in certain metro areas were impacted far worse, as the foreclosure rates in San Francisco for black and Hispanic communities was 4.6% and 38.1%, respectively. Foreclosure rates in white San Francisco communities were at 43.5%, while 62.3% of all homes were located in white communities.The foreclosure rate in San Francisco for black and Hispanic homes was 3.3-times higher than that of white communities, according to Zillow’s analysis.In addition to being more likely to experience foreclosure, an Urban Institute report from 2018 stated that black homeownership rate has seen the most dramatic drop of any racial or ethnic group since 2011—declining 5% compared to a mere 1% drop in white families, and with increases for Hispanic families.Data also found that the homeownership rate of black millennials was at 13% in 2018, compared with 37% for white millennials. In the past 15 years, black homeownership rates have declined to levels not seen since the 1960s, when private race-based discrimination was legal, the report indicated. “The sudden new demand for rental housing caused rents to soar throughout the recession, so homeowners that were foreclosed upon—regardless of racial or ethnic group—were putting a larger portion of their income towards rent every month,” the report stated. Zillow reported that black and Hispanic renters spent around 40% of their incomes on rent each month, and these former-homeowners were never able to benefit from the increases in their homes’ value during the recovery. Home values slowly began to rise after the housing market hit rock bottom more than 10 years ago. Although values for typical foreclosed homes in black and Hispanic communities have yet to return to their housing-bubble peaks, they have more than doubled during the recovery, growing 109.2% in black communities and 122% in Hispanic communities, according to the report. The value of homes in white communities during that same time period increased by 71.6%, and are currently 10.1% more than they were during the peak of the bubble. Zillow states that the typical U.S. home that didn’t succumb to foreclosure grew 52.5% and is currently worth 13.1% more than it was before the recession.The value of foreclosed homes in black and Hispanic communities has continued to grow over the past year. While the national housing market has slowed to 6.6% growth, values of foreclosed homes in back communities has increased by 20.2% and 9.1% in Hispanic communities. Home / Daily Dose / Black, Hispanic Communities Still Feeling Legacy of Housing Crisis The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago April 25, 2019 5,526 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville.  Print This Post Tagged with: Foreclosure Rates Housing Market 2019 Minority Homebuyerscenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Mortgage Servicing Professionals Meet With HUD for Policy Discussion Next: The Industry Pulse: Updates on UBS, LRES, and More Black, Hispanic Communities Still Feeling Legacy of Housing Crisis Subscribe Demand Propels Home Prices Upward 2 days ago Foreclosure Rates Housing Market 2019 Minority Homebuyers 2019-04-25 Mike Albanese About Author: Mike Albanese Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days agolast_img read more

PREMIUMOmnibus bill allows President to scrap bylaws, weakens regional administrations

first_imgGoogle Facebook LOG INDon’t have an account? Register here Topics : Linkedin An omnibus bill on job creation will grant the President the authority to revoke regional bylaws that contradict the central government’s regulations, effectively weakening the influence of local administrations but resolving business people’s complaints about conflicting rules.The bill will also streamline the licensing process in almost all strategic business sectors, namely mining, energy, agriculture, aviation and construction, under the government.According to a draft of the bill obtained by The Jakarta Post, provincial and regency/city bylaws as well as gubernatorial and regental/mayoral regulations that contradict the government’s regulations will be revoked by presidential regulations.The existing Regional Administration Law stipulates that the authority to revoke bylaws lies with the home minister.The bill, submitted to the House of Representati… Log in with your social account Forgot Password ? omnibus-bill omnibus-law job-creation cipta-kerja Jokowi bylaws regional-administrations investment licenselast_img read more

Mo’ne Davis suffers first LLWS loss; faces elimination game on Thursday

first_imgPhiladelphia pitcher Mo’ne Davis delivers in the first inning of a United States semi-final baseball game against Las Vegas at the Little League World Series tournament in South Williamsport, Pa., Wednesday, Aug. 20, 2014. (AP Photo/Gene J. Puskar)Mo’ne Davis, star pitcher for the Taney Dragons of Philadelphia and a national sensation for her dominant performance in this year’s Little League World Series (LLWS), suffered her first loss of the tournament as the Dragons fell to Nevada, 8-1, Wednesday in Williamsport, Pa.With the loss, Davis and the Dragons must face Chicago’s Jackie Robinson West on Thursday; the winner will claim the final berth in the U.S. Championship game on Aug. 23. First pitch is scheduled for 7:30 p.m.Davis didn’t allow a run in her first two starts of the tournament, but got off to a rough start against Nevada’s potent offense. After surrendering a leadoff single, Davis then served up an RBI double to give Nevada a quick 1-0 lead. She settled in and picked up three strikeouts to end the inning, but gave up a two-run home run in the second inning to give Nevada a 3-0 lead.Philadelphia center fielder Kai Cummings, left, runs under a fly ball, that second baseman Jahli Hendricks (8) can’t get to, hit by Las Vegas’ Andrew Matulich in the sixth inning of a United States semi-final baseball game at the Little League World Series tournament in South Williamsport, Pa., Wednesday, Aug. 20, 2014. Backing up on the play is right fielder Mo’ne Davis, center. Las Vegas won 8-1. (AP Photo/Gene J. Puskar)Davis struck out three more batters, but was pulled from the mound in the third inning after her 55th pitch in order to preserve her pitching eligibility should the Dragons reach the U.S. Championship. Little League World Series rules require any pitcher throwing between 51 and 55 pitches to rest three days before returning to the mound. Any pitcher dealing 66 or more pitches must rest for four days. Davis stayed in the game, however, moving to shortstop.Davis nearly had a chance to help her own cause in the fourth inning, after Taney’s Joe Richardson and Mike Rice both got big hits to get her to the plate with two on base and no outs. She drew a walk on a low fourth ball that was dropped by Nevada’s catcher, allowing Richardson to dash home for the Dragons’ first and only score of the game.Tai Shanahan then laid a perfect bunt hit to load the bases, but Nevada used a sweet double play to end the inning without further damage. Nevada put the game away in the top of the sixth inning, scoring five runs to extend their lead to 8-1.See more at: read more

Raiders release J.J. Nelson, promote Marcell Ateman

first_imgALAMEDA — The Raiders released wide receiver J.J. Nelson Thursday and signed Marcell Ateman, who made a U-turn from the waiver wire back to the 53-man roster.Nelson, signed in the off-season to provide a downfield receiving threat, missed the last two games with an ankle injury and coach Jon Gruden appeared to be growing frustrated with the inability of the wide receiver to be available for practices and games.After a strong training camp and exhibition season, Nelson was played in Week 1 …last_img

Win 1 of 4 Free Passes to Next Week’s Augmented Reality Event

first_imgHey augmented reality fans! Next week in Santa Clara, California, is the first ever Augmented Reality Event where the best and brightest in the AR field will join together for a two-day conference to advance the business of everyone’s favorite emerging technology. If you live in the San Francisco Bay Area (or are willing to pay for a plane ticket and hotel room), you have the chance to win one of up to four free passes to the conference provided by event sponsor Zenitum.The Augmented Reality Event is taking place June 2 and 3 at the Santa Clara Convention Center and will feature an opening keynote from AR guru Bruce Sterling. If you’ve not checked out Sterling’s blog on Wired, Beyond the Beyond, I highly recommend it. If you need more, check out his keynote from the Layar launch, “At the Dawn of the Augmented Reality Industry.“ Tags:#Augmented Reality#web 4 Keys to a Kid-Safe App chris cameron 5 Outdoor Activities for Beating Office Burnout Related Posts Other great speakers at the event include Claire Boonstra, Chris Grayson, Ori Inbar, Tish Shute, Robert Rice and many, many more. Best of all, Marshall Kirkpatrick and I will be presenting some findings from our recently released report on the business of augmented reality. Many of the CEOs and figures mentioned in the report will be at this event, so if you’re an augmented reality fan, don’t miss out. So how do you win tickets? It’s simple: All you have to do is leave a thoughtful comment on this post about the business of augmented reality and its possibilities for the future. We are leaving this open-ended, so write whatever comes to mind and we will pick four of the best comments to receive free passes to the event! Make sure to leave you email adress in the comment, or log in using Facebook or Twitter, so we know how to get in touch with you should you be selected. We will pick the winners in the next few days so get those comments in! Many thanks to Zenitum for giving us the opportunity to run this contest.UPDATE: Tish Shute, who is organizing the AR Event, has been gracious enough to provide ReadWriteWeb readers with a special discount code to the event if you aren’t selected for one of the four passes. Simple enter the code RWW245 when registering online. Hope to see you next week in Santa Clara! 12 Unique Gifts for the Hard-to-Shop-for People… 9 Books That Make Perfect Gifts for Industry Ex…last_img read more

We’re Using Everything Up Much Too Quickly

first_imgHumans are depleting food, water, land, and wood at a rate that cannot be sustained, going through a year’s worth of resources in just 212 days, according to a new study.An annual assessment of consumption from the Global Footprint Network has set this year’s Earth Overshoot Day — the date at which the world begins using more resources than nature can regenerate in the same year — at August 1, two days earlier than last year and the earliest ever, The Guardian reports.In 1970, Earth Overshoot Day fell on December 29, meaning that the consumption of resources was only slightly out of balance with how quickly those resources could be regenerated. It’s been a steady retreat ever since with only a few reprieves, including early in 1980s and again during the recession of 2008 when economic conditions favored a slowdown.It would take 1.7 Earths to sustain humanity’s current rate of consumption, the organization said. Overharvesting forests, overfishing, and sending more carbon dioxide into the atmosphere than natural ecosystems can absorb all contribute to the trend. What can reverse the trendThe Global Footprint Network each year calculates the number of days that the Earth’s biocapacity is able to accommodate humanity’s ecological footprint. The rest of the year is considered global overshoot. The Earth went into overshoot in the early 1970s, but the rate at which Overshoot Day is moving up on the calendar is slowing down. For the last five years, it’s been an average of one day per year, compared with an average of three days a year in the early 1970s.The group estimates that 60% of humanity’s total ecological footprint is the carbon footprint, which represents the land area needed to sequester carbon dioxide from burning fossil fuel and from cement production.In addition to issuing warnings about the rate of consumption, the organization also manages a tandem effort called #MoveTheDate, which promotes a number of behavioral changes that would reverse the trend. They include:Replacing 50% of current meat consumption with a vegetarian diet. That would push Overshoot Day ahead by five days.Reducing the carbon component of the global ecological footprint by 50% (93 days).Reducing the amount of driving globally by 50% with a concurrent increase in the use of public transportation (12 days).Applying off-the-shelf, commercially available technologies to lower the impact ofbuildings, industrial processes, and the production of electricity (21 days, without any loss of human comfort or economic productivity).Reducing food waste by 50% worldwide (11 days). The organization estimates that 40% of food in the U.S. goes to waste, the equivalent of the total ecological footprint of Peru and Belgium combined.Reducing family size by one child in every other family (30 days by 2050).To mark this year’s Earth Overshoot Day, the Global Footprint Network said it would run a message on two screens in New York City’s Times Square twice an hour for two weeks. What Does ‘Sustainable’ Mean?We Calculated How Much Trees Save for Your CityDesigning the Cities of the FutureWhat Makes a City Green?Is It Time to Move Our Cities? “Our current economies are running a Ponzi scheme with our planet,” Mathis Wackernagel, CEO and co-founder of Global Footprint Network, said in a press release. “We are borrowing the Earth’s future resources to operate our economies in the present. Like any Ponzi scheme, this works for some time. But as nations, companies, or households dig themselves deeper and deeper into debt, they eventually fall apart.”Digging into the numbers finds dramatically different rates of consumption around the globe. The organization also posts “Country Overshoot Days,” the date on which Earth Overshoot Day would occur if the whole planet used resources at the rate of a particular country. Vietnam and Jamaica are the only two countries listed whose overshoot days occur in December, making them the thriftiest countries on the planet. Qatar was first to hit the milestone, on February 9, followed by Luxembourg (February 19), United Arab Emirates (March 4), and the U.S. (March 15).If you want to go further, the Global Footprint Network provides a calculator letting you determine your own ecological footprint. It develops a personal overshoot day based on such things as what you eat, the type of house you live in, and travel habits. The calculator, which has been used by more than 13 million people, is available in four languages. RELATED ARTICLES last_img read more

State League wrap

first_imgIn round one of the South Australian State League, Eastern Stingrays and Central Scorpions were winners in both the Premier and B divisions.In the Premier division, the Stingrays were 4-2 winners over the South West Wolves, while the Scorpions were four touchdown winners over the Defence Eagles, 6-2. In the B Division, the Stingrays were too good for the Wolves winning 8-4, while the Scorpions were close winners over the Vipers, winning 9-8. Round two of the CMI State League will be played Friday, 16 October at City Touch. In the Premier division at 6.30pm, the Eagles will play the Stingrays, while the Vipers will kick off their season when they play the Wolves. The Scorpions have the bye in round two. In the B Division at 7.20pm, the Stingrays will play the Scorpions, while the Wolves will take on the Vipers. For additional information regarding the State League, visit the following the VT League, rounds three and four were also played on the weekend. In the Men’s division, the Uni Blues were three touchdown winners over the Western Dodgers, while the Melbourne City Lions and the Bayside Vipers both scored plenty of touchdowns against the Northern Falcons and the Casey Cougars respectively. In round four of the Men’s division, the Vipers continued their winning ways with their three touchdown win over the Blues, while the Cougars and the Dodgers were both two touchdown winners over the Falcons and the Lions respectively. After four rounds of the competition, the Vipers sit on top of the ladder of the Men’s division, with four wins from their four games.In round three of Women’s division, the Lions were six touchdown winners over the Falcons, while the Blues were too good for the Cougars, winning 5-1. The Vipers were big winners in round three, beating the Dodgers by nine touchdowns, 9-0.The Lions and the Vipers continued their good form in round four. The Lions proved too strong for the Dodgers, winning by nine touchdowns, while the Cougars and the Vipers were both three touchdown winners over the Falcons and the Blues respectively.After four rounds of the competition the Vipers and the Lions are still undefeated and will meet in the first round this weekend to determine who will continue their undefeated run. It was a busy weekend for touch in Traralgon last weekend, which hosted rounds three and four of the VT League, as well as the 20/20 drop off tournament for regional teams. Blackest Cat and Australian Men’s Open vice captain Jason Stanton was in attendance, as was Australian Men’s 20’s coach Micheal Lovett for the Trends of the Game breakfast. A Level One refereeing course was also conducted on the Sunday, to finish off a touch-filled weekend.  All teams will be tested this Saturday when both divisions play three rounds each, with the games to be played at Casey Fields in Cranbourne, commencing at 12pm. The Women’s round five games will see the Lions playing the Vipers, the Cougars take on Western Dodgers and the Blues will play the Falcons. In round five of the Men’s competition, the Dodgers will play the Falcons, the Vipers will meet the Lions, while the Cougars will face the Blues. In round six of the Women’s division, the Blues will play the Lions, Cougars take on the Vipers and the Falcons will take on the Dodgers. In the Men’s round six games, Cougars will play the Dodgers, Vipers face off against the Northern Falcons and the Blues take on the LionsIn the final round of the day, the Vipers will play the Falcons, the Lions take on the Cougars and the Dodgers meet the Blues. In the Men’s round seven games, the Falcons will play the Blues, the Dodgers will play the Vipers and the Lions will play the Cougars. For more information regarding the VT League, please visit the following MIXED STATE LEAGUEROUND ONE RESULTSPREMIER DIVISIONEastern Stingrays 4 def. South West Wolves 2Central Scorpions 6 def.  Defence Eagles 2Vipers byeB DIVISIONEastern Stingrays 8 def. South West Wolves 4Central Scorpions 9 def. Northern Vipers 8VT LEAGUEROUND THREE – RESULTSMENSWestern Dodgers 5 def. by Uni Blues 8Northern Falcons 6 def. by Melbourne City Lions 10Casey Cougars 4 def. by Bayside Vipers 13WOMENSMelbourne City Lions 10 def Northern Falcons 4Bayside Vipers 9 def Western Dodgers 0Uni Blues 5 def Casey Cougars 1ROUND FOUR – RESULTSMENSUni Blues 3 def by Bayside Vipers 6Northern Falcons 4 def by Casey Cougars 6Melbourne City Lions 6 def by Western Dodgers 8WOMENSNorthern Falcons 4 def by Casey Cougars 7Bayside Vipers 3 def by Uni Blues 0 Western Dodgers 2 def by Melbourne City Lions 11last_img read more

2017 Youth Trans Tasman Referee Appointments

first_imgRelated LinksYTT Referee Appointments Congratulations to the following referees who received appointments at the 2017 Youth Trans Tasman.Game 1: Friday 20 January 201718 Mixed: John Wright, Luke Saldern and Dai Tui Taylor18 Women’s: Chris Schwerdt, Henri Labuschagne and Brian Blechynden18 Men’s: Luke Heckendorf, John Dustow and Anthony Smith20 Mixed: Rob Bowen, George Haswell and Tony Calabria20 Women’s: Alisha Ruaiti, Logan Forrester and Amanda Sheeky20 Men’s: Luke McKenzie, Cameron MacDonald and Richie HeapGame 2: Saturday 21 January 201718 Mixed: Logan Forrester, Brian Blechynden and Luke Saldern18 Women’s: Dali Tui Taylor, Henri Labuschange and John Wright18 Men’s: Luke Heckendorf, John Dustow and Chris Schwerdt 20 Mixed: Rob Bowen, George Haswell and Anthony Smith20 Women’s: Tony Calabria, Alisha Ruaiti and Amanada Sheeky20 Men’s: Luke McKenzie, Cameron MacDonald and Richie Heap Game 3: Sunday 22 January 201718 Mixed: Logan Forrester, Brian Blechynden and Luke Saldern18 Women’s: Dali Tui Taylor, Henri Labuschange and John Wright18 Men’s: Luke Heckendorf, John Dustow and Chris Schwerdt 20 Mixed: Rob Bowen, George Haswell and Anthony Smith20 Women’s: Tony Calabria, Alisha Ruaiti and Amanada Sheeky20 Men’s: Luke McKenzie, Cameron MacDonald and Richie Heap last_img read more

10 months agoDean Holdsworth joins management team of Palermo

first_imgDean Holdsworth joins management team of Palermoby Carlos Volcano10 months agoSend to a friendShare the loveFormer Bolton Wanderers striker Dean Holdsworth has joined the management team of Palermo.David Platt, formerly of Juventus and Sampdoria, has also been assisting the club’s new owners.It was announced over the weekend:”Sport Capital Group Investments Ltd (a wholly owned subsidiary of Sport Capital Group Ltd) has today completed the acquisition of 100% of the shares of US Città di Palermo Spa, through the completion of the previously announced preliminary contract dated 30th November.”At a shareholders’ general meeting of US Città di Palermo Spa a new board of directors shall be nominated, with Clive Richardson as President, Emanuele Facile as Chief Executive and John Treacy as third director. The new board and a group of senior football advisors lead by Dean Holdsworth will be working on plans for the remainder of the 2018-19 Season with the current management team. “Sport Capital Group Investments Ltd will in the coming days be calling a shareholder meeting to increase its share capital to up to €20m.” TagsTransfersAbout the authorCarlos VolcanoShare the loveHave your saylast_img read more