All-Cash Sales Share Continues Year-Over-Year Decline

first_img  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Subscribe Share Save Tagged with: All-Cash CoreLogic Home Sales in Daily Dose, Featured, Market Studies, News All-Cash Sales Share Continues Year-Over-Year Decline Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / All-Cash Sales Share Continues Year-Over-Year Declinecenter_img January 15, 2015 1,222 Views Related Articles The Best Markets For Residential Property Investors 2 days ago The share of all-cash home sales continued its streak of annual declines in October but remained elevated compared to pre-crisis levels, according to data released Wednesday.In a post on the company’s blog site, CoreLogic estimated that cash transactions accounted for 35.5 percent of total home sales in October 2014, down from 38.7 percent the year prior. The decline continued a downward trend started in January 2013, making October the 22nd straight month to see cash sales decline on an annual basis.Cash sales peaked in January 2011, when they made up 46.4 percent of total home sales. Prior to the housing crisis, cash share averaged about 25 percent.”At the current rate of year-over-year decrease, the cash sales share should be back to pre-crisis levels in 2017,” estimated Molly Boesel, senior economist for CoreLogic.While cash sales share did tick up from September to October, CoreLogic says the increase “is typical for the fall and winter months.” Due to seasonal influences on the housing market, the company says cash sales share comparisons are best made on a year-over-year basis.As is typical, REO sales accounted for the majority of cash sales in October, edging up slightly from September to a share of 58.7 percent. Since REO sales make up only a small share of total home sales (7.9 percent in October), Boesel noted that those transactions “did not have a large influence on the overall cash sales share.”Resales made up the second biggest slice of all-cash transactions at 35 percent, followed closely by short sales at 33 percent. New home sales accounted for 16.8 percent of cash sales, meanwhile.State-wise, Delaware held on to its spot as the No. 1 state for cash sales, with 58.3 percent of home sales transacted in cash. Alabama ranked second with a share of 51.3 percent, while Florida moved down a slot from September at a share of 51.1 percent. New York (44.4 percent) and Michigan (43.1 percent) rounded out the top five. Servicers Navigate the Post-Pandemic World 2 days ago Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington’s student newspaper before joining the DS News team in 2012. In addition to contributing to, he is also the online editor for DS News’ sister publication, MReport, which focuses on mortgage banking news. Demand Propels Home Prices Upward 2 days ago Previous: DS News Webcast: Friday 1/16/2015 Next: Fueled by Lower Gas Prices, Consumer Sentiment Reaches Highest Level in a Decade Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Tory Barringer Sign up for DS News Daily All-Cash CoreLogic Home Sales 2015-01-15 Tory Barringerlast_img read more

Restaurant Fire Ruled Accidental

first_imgStock ImageWESTFIELD — A Wednesday afternoon fire at a local restaurant has been ruled accidental.The Chautauqua County Sheriff’s Office Fire Investigation team says a grease fire at KISS BBQ restaurant, 745 Rt. 20, started in the exhaust duct work and spread to combustibles in the attic.Deputies said the restaurant had been closed for renovations but planning to re-open July 2.The Westfield Fire Department and several area fire departments responded to the scene just before 12:30 p.m. There were no injuries reported during the fire. Share:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to email this to a friend (Opens in new window)last_img read more

Create a connection in Congress: Seven steps

first_imgConducting business with a personal touch is an ethos that has served credit unions well.Taking the same approach on GAC Hill visits can make a big impact on legislators.These seven steps can help credit unions get their message across:Be prepared. Focus on no more than two issues. Do your homework on all sides of the argument, as well as the legislator’s record. Bring concise, engaging handouts.Strategize as a group. Decide a plan of attack and the desired outcomes. Appoint a manager to keep your meeting on topic, and a secretary to take notes.Arrive cool, calm and in control. Show up early to acclimate to the surroundings. Introduce yourself to representative and aides with enthusiasm, intent on forming a personal connection.Put on your game face. Be professional and objective. Do not rant and rave. Let the facts speak for themselves. continue reading » 3SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Changing times

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GSA boys’ basketball team wins first state title in 13 years

first_img Part 2: When the injury is inside your head, some “don’t get it” – July 26, 2016 EHS names new boys’ soccer coach – July 13, 2016 Bio Part 1: Invisible, incapacitating concussions are sidelining high school athletes – July 19, 2016 Latest posts by Taylor Vortherms (see all)center_img GSA sophomore Max Mattson receives a half-court-pass in the Eagles’ 59-46 Class C state championship win over Waynflete Saturday night. PHOTO BY TIM SUELLENTROPAUGUSTA – The George Stevens Academy boys’ basketball team won its first state championship in 13 years Saturday night at the Augusta Civic Center.The GSA Eagles defeated the Waynflete Flyers 59-46 for the Class C title.“I’m a little in shock,” GSA coach Dwayne Carter said. “They deserve it.”Sophomore guard Taylor Schildroth led the Eagles (21-1) with 23 points while junior guard Beckett Slayton contributed 14.This is placeholder textThis is placeholder textBut Carter said it was GSA’s defense that won the game, noting the efforts of his centers Max Mattson and Nick Szwez as well as forward Jarrod Chase.“It was easier to play offense when the defense creates turnovers,” Carter said. “Everyone stepped up.”GSA came out hot, outscoring Waynflete 14-7 in the first quarter. Schildroth scored half of those points.“What more can you say, he’s just amazing,” Carter said of Schildroth. “He can break down a defense.”Waynflete’s Will Nelligan opened the second period with a basket, but Schildroth quickly cancelled it out with two of his nine points that quarter.With three minutes left before halftime, Schildroth hit a field goal to pull the Eagles up 23-15.Abel Alemayo snatched back momentum for the Flyers with a 3-pointer to kick off a seven-point run that cut GSA’s lead to 23-22. Chase scored at the end of the quarter for GSA, and the Eagles entered halftime up just 25-22.Despite the close game, Carter said his players seemed relaxed in the locker room.“They were making me laugh,” Carter said. “Unlike against Bucksport, I thought we played loose.”It was Slayton who led the Eagles in the third period. Twenty seconds in, he hit a 3, which Schildroth followed with another basket from behind the arc.Waynflete would go on another six-point run, and the Eagles watched their lead dwindle to 33-32.Chase and Nick Szwez both scored next for GSA, but Belleau answered with a basket to keep the Flyers within striking distance.With a minute left in the quarter and GSA up 37-34, a scrambled ensued. Chase dove to keep the ball in bounds, which Slayton grabbed and put up for 3. GSA entered the final period up 40-35.“Beckett Slayton hit a couple really big shots in the third when it was close,” Carter said. “That was the game-changer.”It wouldn’t remain close for much longer. The Eagles pulled away in the final period, with Schildroth, Chase, Mattson and Szwez all contributing points.Belleau led the Flyers (19-3) with 13 points while Nelligan added 11.This is Carter’s third state championship with GSA – once as a player on the team in 1979, once as an assistant coach in 2003 and, now, as head coach.“This was one of my goals,” Carter said. “It’s all because of them.”The George Stevens Academy boys’ basketball team poses with its Class C state championship trophy Saturday at the Augusta Civic Center. PHOTO BY TIM SUELLENTROP Taylor VorthermsSports Editor at The Ellsworth AmericanTaylor Vortherms covers sports in Hancock County. The St. Louis, Missouri native recently graduated from the Missouri School of Journalism and joined The Ellsworth American in 2013. Latest Postslast_img read more