Posted in apygtmky

Moynihan: “Housing Demand Will Ebb and Flow a Little Differently”

first_img Moynihan: “Housing Demand Will Ebb and Flow a Little Differently” Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Bank of America Homeowners HOUSING mortgage Supply 2018-10-17 Radhika Ojha  Print This Post Tagged with: Bank of America Homeowners HOUSING mortgage Supply Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Moynihan: “Housing Demand Will Ebb and Flow a Little Differently” Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Market Studies, News Share Save Demand Propels Home Prices Upward 2 days ago Brian Moynihan, Chairman and CEO, Bank of AmericaA number of factors are affecting the housing market. Despite these changes, one needs to keep perspective when analyzing this industry, according to Brian Moynihan, Chairman, and CEO of Bank of America, who recently spoke about the changes in mortgage interest caps and the macro factors affecting housing at CNBC’s Net/Net event in New York.Speaking about the changes to the cap in the mortgage interest that homeowners could write off, implemented in the Tax Cuts Act, Moynihan said that it was unchartered territory for many homeowners as well as financial institutions because the home mortgage interest deduction was “so jealously protected for so many years. And $10,000 is a pretty healthy amount of interest.”However, he said that these changes wouldn’t have a huge effect on homeowners because to qualify for that kind of cap on a mortgage, “a household’s probably got to have a $100,000 to $125,000 of income, a little bit more. So a couple hundred dollars a month isn’t going to make the decision different.” At the most, Moynihan said it would slow down a homeowner’s decision to upgrade. “But I think we’ve got to be careful about over-estimating across the 60 million households that have debt out of 130 million households in America.”Touching upon the high-interest rate environment and the health of the housing market, Moynihan said, “Housing is at tails,” as a number of factors were affecting the housing market, but they should be kept in perspective, especially since the rising rates will not change the market in any major way. “We still did, around, 10.5 billion of mortgage loans this quarter. Last year we probably did 13 billion,” Moynihan told the audience.Looking at the effect of population on housing, Moynihan said, “At the end of the day, without population growth that we had in the mid-2000s at 1.5 percent the demand for housing is going to sort of ebb and flow a little differently.”Looking at the larger market, Moynihan said that housing construction was growing evenly because of locational problems. “It’s really tight in cities like Charlotte where we’re trying to build tens of thousands of units for workers because we’re short. In other places, there’s an excess of supply,” especially in cities that are still recovering from the Great Recession. Despite rising home prices and inventory remaining down, for the most part, Moynihan said that they were fine for now. “But we got to watch it because it’ll be a leading indicator of people’s belief in their wealth if we see housing prices tip over,” he said. Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Previous: The Housing Choices of Older Americans Next: How are Owners Using Their Home Equity? About Author: Radhika Ojha Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. October 17, 2018 1,275 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribelast_img read more

Continue Reading... Moynihan: “Housing Demand Will Ebb and Flow a Little Differently”
Posted in cggzcrpt

‘Knowing your land’ workshop

first_img Email the author Pike County Sheriff’s Office offering community child ID kits Published 9:59 pm Tuesday, August 18, 2009 Skip Troy falls to No. 13 Clemson Sponsored Content By Jaine Treadwell Thompson will discuss leasing land for hunting and timber harvesting and how a land management consultant can be of benefit to landowners.Following lunch, Hilda Thomas will present the popular presentation, “My Story of the Land.”“Hilda will talk about her land management plan and what landowners can do to manage their land so that it will be beneficial to future generations,” Murphy said.The cost of the “Knowing Your Land” workshop is minimal and the value is priceless. To register, call Murphy at 566-1213 or contact her by e-mail at [email protected] “Linda Casey will present ‘A Message from Alabama’s State Forester’ at the first workshop and will talk about what’s going on in forestry today,” Murphy said. “She will make participants aware of the money that is available for the eradication of cogongrass and she will talk about the future of forestry. Linda is the director of the state forestry commission and is very knowledgeable about all areas of forestry. Following her presentation, there will be a question and answer period.”Teresa Pagliona will conduct the 10 a.m. workshop, “Seek and Find – Archeological Surprises.”“This workshop will be especially helpful in identifying objects that are found while working land,” Murphy said. “Many times, something of value or historical significance is found but discarded because no one recognizes it as such.”Randall Thompson will conduct the “When/Why to Use a Land Management Consultant” workshop at 11 a.m. The Penny Hoarder Issues “Urgent” Alert: 6 Companies… Print Article Remember America’s heroes on Memorial Day The fee for the workshop is $10 and includes lunch. Reservations may be made by calling 566-1213 by noon on Thursday, Aug. 20.“The ‘Knowing Your Land’ workshop is not just for women forest landowners, it’s for any and all interested landowners,” said Claire Murphy, president of the Pike County TREASURE Forest Association. “This is our fourth women landowners workshop and all have been very informative and beneficial. This year we have topics that will be of interest to all landowners.”Registration will be at 8:30 a.m. with the first workshop beginning at 9 a.m. Latest Stories Around the WebMd: Do This Immediately if You Have Acid Reflux (Watch Now)Healthy LifestyleIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingHave an Enlarged Prostate? Urologist Reveals: Do This Immediately (Watch)Healthier LivingWomen Only: Stretch This Muscle to Stop Bladder Leakage (Watch)Healthier LivingRemoving Moles & Skin Tags Has Never Been This EasyEssential HealthTop 4 Methods to Get Fortnite SkinsTCGThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancel Book Nook to reopen “Knowing Your Land” is important for any landowner, but it is especially important for women who unexpectedly have the responsibility of having to manage forestland.With those women, and all women, in mind, the Pike County TREASURE Forest Association sponsors an annual forestland management workshop.This year’s workshop will be held from 8:30 a.m. until 2:30 p.m. on Friday, Aug. 21 in the fellowship hall of First Baptist Church in Troy. You Might Like Alabama storytellers to hold conference The Alabama Storytelling Association will present three days of storytelling fun at its annual conference October 9-11 at the Hampton… read more By The Penny Hoarder Plans underway for historic Pike County celebration ‘Knowing your land’ workshoplast_img read more

Continue Reading... ‘Knowing your land’ workshop