And the worlds worst airport for ontime departures is…

first_imgBeijing’s Capital International Airport has been listed as the worst for on-time departures in June, according to new flight statistics data.Military controls of airspace and an expanding fleet added to air-traffic congestion at Beijing’s largest international airport, according to FlightStats June 2013 report.Shanghai came in at second-worst among the world’s 35 busiest international airports, while Tokyo’s Haneda airport was the top performer with 95 percent of flights departing on schedule, the Japan Times reported.Of the 22,019 flights leaving Beijing, only 18 percent were on-time, while Shanghai’s Pudong International airport had a rate of approximately 29 percent.Amsterdam’s Schipol airport came in third place, with an on-time departure rate of 84 percent, while John F. Kennedy International Airport in New York was 26th at 66 percent and London Heathrow 21st at 72 percent.Singapore’s Changi Airport ranked 10th overall with a 78 percent on-time performance.FlightStats considers a flight delayed if the aircraft does not take off within 15 minutes of its scheduled departure time.Source = ETB News: P.T. Tokyo’s Haneda Airport and Amsterdam’s Schipol Airport ranked well.last_img read more

Industry expert predicts future of hotels

first_imgAccording to industry experts, the tourism and travel industry has changed dramatically over the last few years, with technology revolutionising the way people travel.Denniston Architects principal designer Jean-Michel Gathy has specialised in luxury hospitality design for over 30 years.Mr Gathy has witnessed the changes first hand and has shared the following five predictions for the future of hotels:1.      Technology is everywhereHe says hotels are becoming “ultra-connected” with customers never travelling without a mobile device, such as a smartphone or tablet.“This is having a big impact on their choice of hotel, sales network and design. For example, we no longer design desks for guest rooms. People work from their bed or at the beach.”2.      Specialist hotelsMr Gathy says while hotels previously offered lots of activities to attract as many guests as possible, now hotels are targeting specific groups.“So we’ll see establishments that specialise in diving, with all the latest equipment and the best instructors, or yoga, cooking classes, wine and so on. This also means that luxury hotels will be more expensive with a wider selection of offers.”3.       Environmentally conscious hotelsAccording to Mr Gathy, respect for the environment has become standard in luxury hotels.“The development of new technologies has brought new solutions for hotels, such as the processing of waste materials and water, more effective insulation, the use of local materials, geothermal energy, solar, wind power, etc. Clean and renewable energies are the future of hotels,” he said.4.      Restaurant sociability and diversityHe says today’s travellers want to chat with locals and interact with fellow guests, which has led to designing bigger tables and areas for people to gather.“The food offer is becoming increasingly diverse. Customers want to take their taste buds on a journey too, so we are building hotels with several restaurants offering different specialities: Italian, French and Asian cuisines.”5.      Management for above and beyond serviceFinally, Mr Gathy says travel review website have changed customer service.“Before choosing a hotel, people check the reviews. Managers need to be extremely vigilant and attend to all guest requests. To do this, you need to introduce systems in order to automate little details. The perception of the hotel is very important too. They need to be careful that it doesn’t appear better than reality, to avoid disappointing people.”Mr Gathy has designed of some of the most iconic hotels in the world, including: Cheval Blanc Randheli in Maldives, Park Hyatt Sanya Sunny Bay Resort in China and The Setai in Miami.In 2006, his career achievements and design skills were recognised, being awarded a Platinum Circle Hospitality Design honouree.Source = ETB Travel News: Brittney Levinsonlast_img read more

Radisson Blu opens a new urban oasis in Zhengzhou

first_imgLobby at Radisson Blu Zhengzhou HuijiRadisson Blu opens a new urban oasis in ZhengzhouRadisson Blu, the upper-upscale hotel brand that delivers personalized service in stylish spaces, has opened an impressive new hotel in Zhengzhou, one of China’s fastest-growing cities and a thriving trade and transport hub.Perfectly positioned next to the Jialu River, Radisson Blu Zhengzhou Huiji is a newly-constructed hotel that offers scenic retreats close to the bustling city center, beautiful mountains and wetlands around the Yellow River. Close proximity to natural areas like Five Dragons Peak, urban districts like Wanda Plaza and the Zhengzhou International Convention & Exhibition Centre make this the perfect base to experience every side of Henan’s provincial capital.With its blend of modern amenities and natural beauty, Radisson Blu Zhengzhou Huiji is an enchanting urban oasis. The hotel features spacious 36-45 square meter superior rooms to the luxurious 260 square meter Presidential Suite, all featuring free Wi-Fi, working space and 24-hour room service. The hotel rooms feature stunning views of the Jialu River, the riverside gardens or the city, and the Business Class Lounge provides bespoke services for guests staying in the executive rooms or suites.Guests can discover exquisite local and international cuisine at a choice of innovative F&B outlets, including TASTE, the all-day dining restaurant showcasing international flavours, FLAVOR, which specializes in Cantonese cuisine. Guests can also enjoy and unwind over coffee, cocktails and light snacks at the Lobby Lounge.Radisson Blu Zhengzhou Huiji also houses an array of amenities for guests to stay refreshed and fully focused throughout their stay, including an elegant indoor swimming pool, a 24-hour fitness centre and a business centre.For meeting planners, the hotel offers 1,500 square meters of flexible function space, including a Grand Ballroom that can host up to 1,200 people and five meeting rooms, supported by professional support and cutting-edge technology.“We are delighted to open Radisson Blu Zhengzhou Huiji, as we continue to bring our collection of world-class brands to China’s most dynamic destinations. Home to approximately ten million people, Zhengzhou is one of China’s most important inland cities. A booming economic, commercial and transport centre, this strategic central metropolis symbolizes the exciting growth that is currently sweeping across China,” commented Gary Ye, Vice President, Operations, China, Radisson Hotel Group.“With an idyllic riverfront setting, nestled between the city and the mountains, Radisson Blu Zhengzhou Huiji provides contemporary accommodation and exceptional amenities for all types of guest, from business travellers and conference delegates to families and urban explorers,” he added.Connected by the G30 Lianhuo Expressway, Radisson Blu Zhengzhou Huiji is easily accessible and free parking is offered to all hotel guests. Zhengzhou Xinzheng International Airport is one of China’s busiest airports, with extensive connections from multiple domestic and international airlines.“We are excited to welcome guests to this fast-growing city and to Radisson Blu Zhengzhou Huiji. With our stylish design, innovative amenities and ‘Yes I Can!’ service ethos, I am confident that all guests will enjoy memorable stays with us,” said Daniel Feng, General Manager, Radisson Blu Zhengzhou Huiji.Radisson Blu Zhengzhou Huiji joins a growing collection of Radisson Blu hotels in China, including impressive upper-upscale properties in key destinations such as Shanghai, Wuxi and Chongqing. Guests at every Radisson Blu hotel will enjoy the brand’s unique Yes I Can! service ethos and unforgettable experiences with every stay. Source = Radisson Blulast_img read more

Sanjay Maniar

first_imgThanks to Fairfest Media for recognising my services to the industry. I am glad that I have been some use to this industry. Deep down, we all crave for a bit of recognition and it couldn’t have been greater than this award. I have been visiting TTF for almost 20 years and I have found it to be getting better each year. This year it is a lot more vibrant and a lot more appealing. I think all the stalls have been wonderfully designed and am quite amazed at the kind of turnout TTF has been able to achieve. I wish TTF best wishes.last_img

JAL Group releases its 2016 New Year vacation period traffic results

first_imgJAL group has announced its 2016 New Year vacation period traffic results. During the 10-day New Year vacation period in Japan between December 25, 2015 and January 3, 2016, the Group carried a total of 269,366 passengers on its international flights and 999,413 passengers domestically.On International routes, passenger count increased by 4.3% versus the same period last year in line with a 2.5% up in the number of available seats. Overall load factor increased 1.4 percentage points to 85.9% on the JAL Group’s international routes when compared to the same period last year.The number of passengers on domestic routes increased by 1.4% while seat capacity has been lowered by 3.1% compared to last year. Overall domestic load factor rose approx 3.4 percentage points to 76.3% than previous year.During this period, the JAL Group operated 3 chartered flights to Palau as well as 3 extra flights to Honolulu. Meanwhile, the airline also operated 4 extra flights between Tokyo (Haneda) and Sapporo (New Chitose), 2 extra flights between Tokyo (Haneda) and Okinawa (Naha), 2 extra flights between Tokyo (Haneda) and Kagoshima.last_img read more

Ministry of Tourism launches Parytak Mitra programme to train students

first_imgThe Ministry of Tourism has launched a programme open to college going students to inculcate in them appropriate tourism traits and knowledge, to enable them to act or work as Tourist Facilitators (Parytak Mitra). This was announced by Minister of State for Culture and Tourism and Minister of State for Civil Aviation, Dr Mahesh Sharma.The development and promotion of tourism is primarily the responsibility of the State Governments and Union Territory Administrations. The Ministry of Tourism as part of its ongoing promotional activities, releases campaigns in the international and domestic markets and also undertakes other promotional activities under the Incredible India brand-line to promote India as a holistic destination for tourists and to showcase its various tourism destinations and products.last_img read more

Great cities of Switzerland

first_imgThis video focuses on the often-overlooked cities of Switzerland — Luzern, Bern, Zurich, and Lausanne. It highlights these cities urban charms from the eye-opening art to stunning natural beauty.Source: Rick Steves Europelast_img

Housing Starts Jump in July Permits Lag

first_img Homebuilders picked up the pace in breaking ground on new homes in July, reversing a two-month downward trend.According to figures released Tuesday by HUD and the Commerce Department, privately owned housing starts last month were at a seasonally adjusted annual rate of 1.09 million, a 15.7 percent spike from June’s upwardly revised rate of 945,000 and a 21.7 percent gain over the same month last year.A survey of economists by Econoday forecast an adjusted rate of 963,000 new units for July.Most of last month’s improvement came from a surge in multifamily building, which was up 33 percent month-over-month to a rate of 423,000 as young adults show more preference toward renting.Single-family starts also posted a solid gain, however, rising 8.3 percent to 656,000.Single-family starts rose in three of the four Census regions, improving 3.8 percent in the Northeast, 4.2 percent in the West, and 16.9 percent in the South, which had seen a significant setback in homebuilding in June.The Midwest, meanwhile, posted a 6.8 percent drop.While new starts surged over the month, permit issuance looked weaker, climbing 8.1 percent to a seasonally adjusted yearly rate of 1.05 million. Single-family permits ticked up only 0.9 percent, while multifamily permits jumped 21.5 percent.By region, permits for single-family homes increased in the Northeast (20 percent) and South (3.6 percent) and slipped in the Midwest (-4.6 percent) and West (-7.7 percent).While permit issuance is climbing at a slower pace than starts, the latest confidence index from the National Association of Home Builders suggests builders haven’t lost faith in the single-family market, with expectations for future sales leading the other index components—a sign that permit growth could pick up in the coming months. August 19, 2014 544 Views Housing Starts Jump in July; Permits Lag in Daily Dose, Data, Featured, Headlines, Newscenter_img Census Bureau Homebuilders Housing Permits Housing Starts HUD 2014-08-19 Tory Barringer Sharelast_img read more

Where is Housing Headed Next

first_imgWhere is Housing Headed Next? in Daily Dose, Government, Headlines, News, Secondary Market April 25, 2016 496 Views The housing market has experienced a few setbacks in the last month or two, among them continuing tight inventory, a decline in housing starts, and inconsistent existing-home sales numbers.With many analysts early in the year having predicted a robust spring season for the housing market, the question remains as to whether or not that will come to pass as spring is in full swing.“Buyer demand remains sturdy in most areas this spring and the mid-priced market is doing quite well,” NAR Chief Economist Lawrence Yun said. “However, sales are softer both at the very low and very high ends of the market because of supply limitations and affordability pressures.”There have been some signs that the predictions that housing will have a breakout year in 2016 will come true. Existing-home sales rebounded somewhat in March from February’s huge disappointment (by 5.1 percent up to an annual rate of 5.33 million, after a decline of 7.1 percent in February) and the median existing-home sales price grew by 5.7 percent up to $222,700—the 49th consecutive month of year-over-year price appreciation—according to the National Association of Realtors (NAR).Freddie Mac recently reported in its April 2016 Economic Outlook that housing is expected to be an engine of growth for this year despite the darkening economic forecast—largely due to increased refinance activity, which received has received a boost from consistently low mortgage rates.“At the same time, the nation faces significant housing challenges.”Timothy Mayopoulos, Fannie Mae CEO“Construction activity will pick up as we enter the spring and summer months, and rising home values will bolster consumers and help support renewed confidence in the remaining months of this year,” Freddie Mac stated in the report.Fannie Mae CEO Timothy Mayopoulos noted in a public address in Washington, D.C., on April 20, that housing had its best year in 2015 since before the crisis, citing increasingly declining numbers in the areas of delinquency rates, foreclosure starts, and underwater borrowers. However, he said there are concerns moving forward.“As we look ahead, we see continued improvement for housing in 2016, but at a more moderate pace than in 2015,” Mayopolous said. “At the same time, the nation faces significant housing challenges. We have an affordability challenge, in both the single-family purchase market and in the multifamily rental market.”Likewise, Fannie Mae Chief Economist Doug Duncan stated in the enterprise’s April 2016 Economic and Housing Outlook, “Sustained improvement in the labor market and personal incomes among young adults should draw more potential homebuyers into the housing market, but many will continue to face affordability challenges. Home price growth has been rising at a faster clip than incomes, and the increasing supply of single-family housing is skewed toward larger and less affordable homes. These factors continue to weigh on housing affordability, particularly for first-time homebuyers.”There have been signs that the tight inventory that has plagued the housing market for many months now might finally be loosening up, however. NAR reported that the number of existing-homes for sale jumped by nearly 6 percent over-the-month in March up t0 1.98 million units (though it was still down by 1.5 percent year-over-year) and that unsold inventory was up from 4.4 months to 4.5 months from February to March. For new home sales, HUD and the Census Bureau reported that inventory rose from 205,000 homes in February up to 246,000 homes in March. The current inventory for March (based on March’s sales pace of 511,000 annually) the current inventory marked a 5.8 month supply, up from 5.1 percent a year earlier.But on the flip side, single-family housing starts were down significantly in from February to March (from 841,000 down to 764,000), according to HUD and the Census Bureau.center_img Fannie Mae HOUSING Inventory 2016-04-25 Seth Welborn Sharelast_img read more

What Homeownership Really Costs

first_img homeownership costs HOUSING mortgage Zillow 2017-07-31 Aly J. Yale July 31, 2017 552 Views What Homeownership Really Costs in Daily Dose, Data, Headlines, Market Studiescenter_img Share If buyers want to avoid falling behind on their mortgage loans, they’ll want to consider more than just a home’s listing price—especially given new data just released by Zillow. According to Zillow and Thumbtack, the average U.S. homeowner spends an additional $9,080 on their home every year. In some cities, some spend as much as $16,000.“Buyers too often focus on a home’s list price or mortgage payment to determine what they can afford,” Zillow reported. “However, the numerous less-obvious costs associated with homeownership can affect the monthly bottom line.”In total, Zillow found that homeowners pay an average of $6,059 in “unavoidable costs,” which includes things like insurance, utilities, and taxes. These costs are highest in San Francisco, where homeowners pay more than $13,000 in unavoidable costs, and lowest in Indianapolis, where they pay just $4,699.Maintenance and repair costs—including carpet cleaning, HVAC maintenance, gutter cleaning, yard work, and more—run the average homeowner about $3,021 per year. Maintenance costs are highest in Seattle ($4,052) and lowest in San Antonio ($1,962).According to Svenja Gudell, Chief Economist at Zillow, considering these added costs is crucial when buying a home.”Determining how much a home will ultimately cost you each year and what you can afford is one of the most challenging aspects of homebuying, especially for first-time buyers,” Gudell said. “Before starting a home search, take a good look at your finances to determine a monthly payment range you can comfortably afford. While that big back yard or larger home may be appealing, it is important to consider how much maintaining those spaces could cost you.”All in, San Francisco had the highest total homeownership costs, with residents paying $16,290 per year. Boston came in at No. 2, with $14,377 in costs, while San Diego ($13,488), Seattle ($12,924), and Los Angeles ($12,556) rounded out the top five.According to Zillow, more than a third of U.S. buyers go over their initial budget when buying a home. To help buyers better estimate these costs and factor them into their homebuying decisions, Zillow recently launched, which offers an “all-in monthly pricing” calculator. It includes mortgage payments, taxes, HOA fees, insurance costs, and more.Read the full report at read more

Eye on the Industry Updates on Citadel Ellie Mae and more …

first_img Citadel Ellie Mae Lead Generation Lender loan servicing mortgage Nordis Technologies PennyMac Product Platform real estate REMAX technology 2018-03-15 Radhika Ojha From awards and technology platforms to new partnerships gauge the pulse of the mortgage and lending industry in this weekly update.California-based non-prime wholesale residential lender Citadel Servicing Corporation (CSC) has announced a major update to their product platform. Effective immediately, CSC will begin offering a 5/1 Hybrid Adjustable Rate Mortgage (ARM) and 5/25 Interest Only (IO) term. This now allows borrowers to qualify on the IO program without as big of a recast, which normally would increase the DTI that is used to qualify. CSC has also introduced their easiest qualification program for full doc income to date by allowing a single year’s Returns or W-2 as documentation. This will allow brokers and borrowers to move faster through the process. The company has also expanded their 12-month bank statement program to 90 percent loan-to-value (LTV) with no mortgage insurance requirement. CSC has eliminated the need for 24 months of bank statements on the Maggi program, again adding speed and efficiency to the process. The lender fee on the Maggi (Alt-A) product has been decreased from $1,195 to $995. Furthermore, all rates on all products have been decreased by as much as .25 percent. “We believe the time is right for these product updates, and considering our last five years of loan performance, these changes warrant incorporation”, said Will Fisher, SVP of Sales and Marketing for CSC.______________________________________________________________________________Pleasanton, California-based Ellie Mae, which provides a cloud-based analytics platform for the mortgage industry, announced that its platform, Velocify, was recognized with a LeadsCouncil LEADER award for outstanding performance and innovation in the lead generation industry. Velocify is the recipient of one of only six coveted accolades awarded annually by the LeadsCouncil organization, the company said in a statement. The LeadsCouncil LEADER Awards are the online lead generation industry’s first and only independent award program designed to acknowledge outstanding lead generation and lead technology companies. “It’s incredibly humbling for Velocify to be recognized by LeadsCouncil and our industry peers for being a top innovator,” said Nick Hedges, SVP, Consumer Engagement Strategy at Ellie Mae. “With Ellie Mae, we’re continuing our commitment to innovation and launching initiatives like enriched text messaging in LeadManager to better mobilize sales organizations and give them the tools they need to provide a winning consumer engagement experience.”_______________________________________________________________________________Nordis Technologies, based in Coral Springs, Flordia, has secured a major new customer, PennyMac Financial Services Inc., a leading national residential mortgage lender and loan servicer, for its print and mail services. Nordis is ramping up production and distribution of loan servicing communications to PennyMac’s more than 1 million customers. It expects to handle hundreds of thousands of pieces a month for PennyMac by the end of 2018. “We are focused on helping companies like PennyMac enhance their customer communications with innovative technology-enabled solutions,” said Ronnie Selinger, Founder, CEO, and President of Nordis Technologies. “We’ve collaborated to develop a solution that can easily handle the volume of PennyMac’s customer documents.” Nordis offers state-of-the-art production and distribution services for print and electronic communications, including variable, print on demand, full-color digital printing and data processing. The company operates fully redundant and secure operations in Florida and Nevada, serving leading companies in financial services, healthcare, and hospitality.___________________________________________________________________________________Real estate brokerage firm RE/MAX acquired booj, an award-winning Colorado-based web design, and technology company as part of its technology strategy. Moving forward, RE/MAX will leverage the capabilities of booj and other strategic partners to deliver core technology solutions designed for and with RE/MAX affiliates, the company said in a statement. The acquisition will help RE/MAX use technology platforms that create a distinct competitive edge for its brokerages and agents and complement other tech products they choose to use. “Our strategy is to serve the industry’s most productive agents by providing technology that saves them time, connects them to buyers and sellers, helps them leverage the brand and its many competitive advantages, and ultimately enables them to be even more productive and successful,” said Adam Contos, RE/MAX CEO. Share March 15, 2018 717 Views center_img Eye on the Industry: Updates on Citadel, Ellie Mae, and more … in Daily Dose, Featured, Newslast_img read more

Whos Buying Homes and Why

first_img Homebuyers homes HOUSING NAR Rel Estate repeat buyers Sellers 2018-10-29 Radhika Ojha Single female homebuyers continue to remain a driving force in the home buying market according to the latest 2018 Profile of Home Buyers and Sellers released by the National Association of Realtors (NAR) on Monday.The survey, which identifies current consumer and housing trends revealed that single female buyers made up 18 percent of the overall homebuyer demographic and came second to the most common demographic of married couples (63 percent).While single male buyers came in at only 9 percent, the survey found that they were likely to purchase a more expensive home compared to their female counterparts. Single males were more likely to purchase homes with a median price of $215,000 compared with single female homebuyers whose budget was more likely to hover around the $189,000 range.Overall though, the survey found that first-time homebuyers struggled the most when it came to purchasing a home.“With the lower end of the housing market–smaller, moderately priced homes–seeing the worst of the inventory shortage, first-time homebuyers who want to enter the market are having difficulty finding a home they can afford,” said Lawrence Yun, Chief Economist at NAR.The survey indicated that the share of first-time homebuyers fell 33 percent continuing a decline that has been observed for the past three years.“Homes were selling in a median of three weeks and multiple offers were a common occurrence, further pushing up home prices. These factors contributed to the low number of first-time buyers and the struggles of would-be buyers dreaming of joining the ranks of homeownership,” Yun said. “Low inventory, rising interest rates and student loan debt are all factors contributing to the suppression of first-time home buyers.”To find the right home, buyers continued to rely on agents and the internet, the survey revealed, with 95 percent of the buyers surveyed said that they used the internet at some point during their search and 50 percent saying that they found the home they purchased through an online search. Repeat buyers were more likely to use agents in their home search (87 percent) compared to first-time buyers (86 percent). The top factors that these buyers desired from their agents were finding the right home and negotiating the terms of sale.When it came to down payment, the survey found that buyers paid a median 13 percent down payment, up from 10 percent last year and the highest since 2005. “First-time buyers paid a median 7 percent down payment, up from 5 percent last year and the highest since 1997 (9 percent), while repeat buyers paid a median 16 percent, up from last year’s 14 percent and the highest since 2010,” the survey said.To read the complete findings of the survey, click here. in Daily Dose, Data, Featured, News October 29, 2018 3,591 Views center_img Who’s Buying Homes and Why? Sharelast_img read more

Connecting the Dots Between Senior Homeownership and Housing Shortages

first_img Freddie Mac housing shortage Sam Khater senior homeowners 2019-02-06 Donna Joseph in Daily Dose, Featured, Market Studies, News, Servicing Connecting the Dots Between Senior Homeownership and Housing Shortages Sharecenter_img February 6, 2019 3,997 Views Seniors who are aging in place hold 1.6 million housing units off the market, according to the February Insight, released by Freddie Mac on Wednesday. The report sheds light on today’s housing shortage and pointed out that senior choosing to age in place is a key factor contributing to it. This has also been identified as a significant barrier to young adults buying their first homes.“We estimate that approximately 1.6 million more senior households are staying in place than would have been the case if they had behaved like previous generations of homeowners,” said Sam Khater, Chief Economist at Freddie Mac. “For scale, 1.6 million units is roughly the same as the number of new single-family and multifamily housing units built each year, and it represents more than half of the current shortfall of 2.5 million housing units that we estimated in our December Insight.”Khater also indicated that the additional demand for homeownership from seniors will increase the relative price of owning vs renting, “making renting more attractive to younger generations.” “This further highlights the importance of addressing barriers to the production of new housing supply to help accommodate long-term housing demand,” he added.Among the key highlights of the report, seniors born after 1931 were found to be staying in their homes longer leading to higher homeownership rates for this group compared to previous generations. Freddie Mac estimates that 1.1 million existing homes have been held off the market through 2018 by those born between 1931 and 1941. Another 300,000 units are being held off the market by those born between 1942 and 1947, per the report estimates. Baby Boomers born between 1948 and 1958 hold another 250,000 off the market, the report revealed.Quoting data from the Urban Institute, the report stated that 3.4 million millennials are missing out on homeownership. The projection is that the trend of seniors aging in place will continue to record an increase, as both the number of seniors increases and the barriers to aging in place are reduced. Community satisfaction and quality of life were cited as the two reasons keeping senior homeowners in a particular place.Read the full report here.last_img read more

Measuring Homebuyer Purchasing Power

first_img Real house prices increased year over year in January, according to the latest First American Real House Price Index (RHPI). The RHPI revealed that while between December 2018 and January 2019, real house prices declined by 1.9 percent, January 2019 saw a 7.0 percent year over year jump.Additionally, the RHPI indicated that consumer house-buying power had increased that month, up 2.3 percent month over month, though buying power decreased year over year by around 1.6 percent.“While 2018 was largely characterized by declining affordability, ending the year with a five percent yearly decline in house-buying power, this trend reversed sharply in early 2019,” said First American Chief Economist Mark Fleming. “Moderating home prices, in conjunction with gains in household income and declining mortgage rates, boosted affordability for potential home buyers.Only one state, Wyoming, saw a decline in the RHPI year over year, down by 1.9 percent. The states with the highest year over year RHPI increase was Rhode Island (+15.2 percent), New Hampshire (+12.0 percent), Wisconsin (+11.8 percent), Georgia (+11.0 percent), and Alaska (+10.8 percent).According to Fleming and report data, hourly wage growth increased by 3.3 percent compared with a year earlier, mitigating the impact of rising mortgage rates, which increased from 4.03 to 4.46 percent since January 2018. The growth in household income increased consumer house-buying power by $13,000.“Overall, house-buying power increased to $374,200, an impressive $8,600 gain in January compared with the previous month,” said Fleming.Falling mortgage rates along with the strong job market and the ever growing millennial market should increase demand, Fleming notes.“According to the Mortgage Bankers Association, new home mortgage applications surged 43 percent in January compared with the previous month,” Fleming states. “As wages continue to grow and mortgage rates remain low going into spring, we expect demand to rise further. What happens when increasing demand for homes meets a market with tight supply? A rebound in house price appreciation appears likely, so the home buyer power play may be short lived.”More on the First American Real House Price Index can be found here. Share in Daily Dose, Data, Featured, News, Origination Measuring Homebuyer Purchasing Powercenter_img March 25, 2019 1,026 Views Buyers First American Mortgage Rates Prices sales Wages 2019-03-25 Seth Welbornlast_img read more

Studying Mortgage Rate Shifts

first_img Share The 30-year fixed-rate mortgage (FRM) dropped from 4.07% to 4.06% week-over-week, according to Freddie Mac’s Primary Mortgage Market Survey. A year ago at this time, the 30-year FRM averaged 4.66%.“Mortgage rates fell for the fourth consecutive week and continued the medium-term trend of lower rates since late 2018,” said Freddie Mac Chief Economist Sam Khater. “The drop in mortgage rates is causing purchase demand to rise and the mix of demand is skewing to the higher end as more affluent consumers are typically more responsive to declines in rates.”The 15-year FRM averaged 3.51% with an average 0.4 point, down from the previous week when it averaged 3.53%. A year ago at this time, the 15-year FRM averaged 4.15%.According to Chief Economist Danielle Hale, April’s data indicates potential increases later in the year“Mortgage rates slipped again this week to 4.06% and remain more than a half percentage point below where they were last year. Trade and economic uncertainty have driven investors to safe haven investments, which have kept mortgage rates low and may also explain why they have yet to spark a pick-up in home sales,” Hale said. “While lower mortgage rates could potentially help buyers stretch their budget, higher prices nationwide nearly exactly offset today’s rate advantage. But there’s another factor at play, earnings, which are up 3.2% and coupled with roughly even mortgage payments, this gives buyers an affordability advantage over last year.”The housing market is likely to see healthy growth this spring according to reports by Fannie Mae and Freddie Mac. Home sales are also expected to surge during this time, the reports noted.According to Fannie Mae’s Economic and Strategic Research Group’s (ESR’s) May outlook, leading indicators for housing continued to suggest a “solid spring homebuying season,” with the ESR revising its forecast for the second quarter and the rest of the year upwards for housing.Echoing this sentiment, Freddie Mac kept its positive outlook on the housing industry unchanged in its May forecast citing “positive impact of low mortgage rates, a strong labor market, low unemployment, and modest wage growth,” as some of the leading factors that would leave a positive impact on the market. market Mortgage Rates Prices sales 2019-05-23 Seth Welborn Studying Mortgage Rate Shiftscenter_img May 23, 2019 316 Views in Daily Dose, Data, Featured, News, Originationlast_img read more

Last year 552000 Australians visited Japan This

first_imgLast year 552,000 Australians visited Japan. This year, between January to April 2019, 243,000 visitors have already been welcomed from Australia and, in fact, Australian’s are reputed to be the highest spending tourists who visit Japan each year.Japan will host several key world events in the coming years including the Rugby World Cup in 2019, the World Masters Cup, World EXPO and the 2020 Summer Olympics and Paralympics.Jacqui Cooper, Australian Olympic Aerial Skier – 5 World Titles, 5 Olympics Titles – and Goodwill Ambassador for Japan, was one of the keynote speakers at last night’s Roadshow agentseventsJapan National Tourism OrganisationJapan RoadshowJNTO Opening the evening, The Consul General Of Japan In Sydney, Mr Keizer Takewaka, welcomed both exhibitors and industry attendees, including agents, whose enthusiasm for Japan and the Roadshow was ‘overwhelming’, said Ms Kana Wakabayashi, the Sydney Office Executive Director of JNTO. “It is heartening to see new travel deals all the time to Japan being promoted by Australian travel agents.”center_img IMAGE: The Consul General Of Japan In Sydney, Mr Keizer Takewaka, officially opens last night’s Japan National Tourism Organisation (JNTO) Roadshow in SydneyAt the Hyatt Regency Sydney Grand Ballroom last night, Japan National Tourism Organisation (JNTO) hosted its annual Japan Roadshow, with 56 suppliers showcasing Japan’s best in accommodation, tourist attractions, culinary experiences, relaxation and wellness indulgences (ONSEN- Hot Springs), art and cultural immersions.last_img read more

brochurecruiseWindstar Cruisesyacht

first_imgbrochurecruiseWindstar Cruisesyacht The new Windstar Cruises’ 2019-2021 Voyage Collection brochure includes 50 brand new itineraries, featured amongst nearly 700 cruise and cruise tour dates available now through 2021. The award-winning small ship line now visits 330 ports of call around the world, and offers more than 2,500 shore excursions to bring cruise guests closer to new destinations and local cultures.“It’s been fun work for our talented team adding more than 200 new ports of call in the last couple of years,” said Windstar President, John Delaney. “Being a leader in destination delivery, we know that the ports we visit and how we visit them makes all the difference. We’re up to 330 ports and 2,500 shore excursions and place a monumental effort into designing cruises with more time in port and more overnights. Offering longer cruises on smaller ships, we take an uncommon approach to travel, allowing guests to discover places on a more personal level, in an authentic and culturally immersive way,” Key highlights of the new brochure include:2020: South Pacific & Sailings Down Under2020: Exploring AsiaMore Destination DiscoveryStar Collector VoyagesWindstar Yacht ClubTo receive a copy of the 2019-2021 Voyage Collection, plan an authentic small ship cruise with Windstar, or learn about booking offers CLICK HERE. last_img read more

And maybe ProFootballFocus which has its own metr

first_imgAnd maybe ProFootballFocus, which has its own metric for grading players, is not far off base when it says the team — especially on defense — has performed at a level that exceeds what you’d think its talent should play at.However, in football probably more than any sport, the whole of a team can often be greater than the sum of its parts. Coaches devise schemes that can help “hide” talent deficiencies, and if not hide them, accentuate what skills a roster does possess.That’s how you win, and maybe that’s how the Cardinals have done it.Or, it’s also possible the team is significantly more talented than they are being given credit for. – / 20 Comments   Share   The Arizona Cardinals have won 21 regular season games over the last two seasons, a total that is tied for fifth-best in the NFL.As it stands, only the Denver Broncos (25), Seattle Seahawks (25), New England Patriots (24) and Indianapolis Colts (22) have earned more victories over the two-year span.You’d think that kind of success would indicate the Cardinals have a pretty talented roster, yet the folks over at beg to differ. Grace expects Greinke trade to have emotional impact In an ESPN Insider piece ranking the NFL’s 32 rosters, PFF lists the Cardinals all the way down at No. 24, worst among teams in the NFC West and a far cry from the No. 9 ranking they held this time one year ago.Yeah.Top five players: Calais Campbell, Jared Veldheer, Daryl Washington, Patrick Peterson, Tyrann MathieuStarters who should be upgraded: Alex Okafor, Matt Shaughnessy, Tony Jefferson, Rashad JohnsonAnalysis: This Arizona defense has typically performed better as a unit than you’d expect from its overall talent level. The Cardinals have a couple of excellent players — Campbell, Mathieu and a healthy Peterson — but they also have a ton of average contributors for whom the scheme does a lot of heavy lifting.The offense is all about potential, with former first-round pick Jonathan Cooper still an unknown quantity as the Cardinals’ starting right guard, and some other question marks at tight end and fullback. Even the quarterback position is less than a sure thing, with Carson Palmer recovering from a torn ACL. Now, while you’re unlikely to find anyone arguing the Cardinals are more talented than the likes of Seattle, Green Bay or New England, it may be a tough sell ranking them below teams like the Cleveland Browns, Miami Dolphins, San Francisco 49ers and New York Jets.center_img Derrick Hall satisfied with D-backs’ buying and selling The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Former Cardinals kicker Phil Dawson retires Top Stories last_img read more

The skinny The Cardinals trusted that Tyrann Math

first_imgThe skinny: The Cardinals trusted that Tyrann Mathieu would fly the straight-and-narrow, and are banking the same is true of Nkemdiche. If he harnesses his athleticism without an issue, then this pick could look great. If not, it’s a wasted opportunity to improve the secondary or another part of the team with someone without character issues.Williams is a recently converted corner with loads of potential, but who might be a bit of a project to take with the only Day 2 pick. They did get defensive end Chandler Jones, though. That should count for something.Carson Palmer was happy to see a stout center in Boehm picked in the fourth round. Their fifth-round picks were not of particularly good value.Peter Schrager, FOXSports.comGrade: AI’d feel less comfortable with other teams taking Robert Nkemdiche in the first round, but the Cardinals are a different beast. There’s an infrastructure in place, and the people in the building — from owner Michael Bidwill to GM Steve Keim to head coach Bruce Arians — are strong enough to handle any potential off-field pitfalls the young man may come across. Tyrann Mathieu is the blueprint. Now Nkemdiche — whom I had listed as my No. 1 prospect in this draft before the college season started — just needs to execute. I’m including Chandler Jones — traded to Arizona in a package that included the Cardinals’ second-round pick — as a part of this draft class and think he’ll be an absolute superstar next season. I also think Evan Boehm, a stout center/guard out of Missouri, can contribute right away.Best value pick: Evan Boehm, C/G, Missouri, 128th overallProFootballFocusGrade: C- Former Cardinals kicker Phil Dawson retires According to Yahoo! Sports, the Cardinals’ best pick was Missouri C Evan Boehm in the fourth round, as they write it would not be a surprise if he was starting for the team by midseason. The worst pick, the site notes, was third-round choice Brandon Williams out of Texas A&M, whom they believe could have been snagged later in the draft and is less ready to play than sixth-round pick Harlan Miller.The pick of Robert Nkemdiche is the big one, although using a second-round pick to land Chandler Jones via trade can’t be forgotten. The Cardinals have gotten stronger on both lines of scrimmage this offseason and are tightening the screws on what looks like a special team. A few of their picks were shrug worthy, but Nkemdiche is in an excellent environment to thrive with his personality, the way Darnell Dockett once did.Pete Prisco, CBS SportsGrade: BBest pick: Fourth-round center Evan Boehm will be a starter as a rookie. They needed help at the position in the worst way, and this is a kid who can step in and do the job.Questionable move: Taking Robert Nkemdiche in the first round. I think it’s a good move because he’s a dominant player, but I could see it being questioned. The Cardinals have a nice support group to keep him in line.Third-day gem: Fifth-round safety Marqui Christian played like a box safety in college, but he ran better 40 times than many scouts expected and could be used for more than just that.Analysis: Their draft will depend on how well Nkemdiche plays. If he can stay out of trouble, he has a chance to be a star. The risk is worth it for the Cardinals. Adding Boehm is also a good move. Solid haul.Chris Burke and Doug Farrar, SI.comGrade: B Day 1: Nkemdiche has interior pass-rush potential after grading at +23.4 as a rusher, ninth in the class. He’s not great against the run, but if he can line up over tight ends on early downs before kicking inside to rush the passer, the Cardinals can maximize his value.Day 2: A pure projection pick, Williams is an athletic former running back who graded at -5.5 overall last season, 117th in among the cornerbacks in the draft class. His production simply didn’t match his athletic reputation.Day 3: Boehm struggled in pass protection as his -7.9 grade ranked 57th among 63 qualifiers in the class. Arizona rounded out the class with two small-schoolers who struggled at the Senior Bowl in Toner (-2.6) and Miller (-1.0).Dan Kadar, SBNationGrade: B-The best pick, according to Kadar, was Boehm in the fourth round. The most questionable selection, he writes, is Williams in the third.The Cardinals took a high-risk, high-reward player in the first round in Robert Nkemdiche. It’s a good landing spot for him thanks to Arizona’s strong locker room. If he works out, they got a Darnell Dockett-like player. Boehm is a technician at center who should push to start as a rookie for the Cardinals. He’s a great help blocker and enters the NFL with a lot of experience. Fifth-round pick Cole Toner can play right or left tackle. He has solid athleticism and will make for a nice backup with starting potential. There were a lot of small-school corners taken in this draft, and the Cardinals got one of the best ones in Harlan Miller in the sixth round. It was a little surprising to see the Cardinals avoid a quarterback. The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo – / 35 Grace expects Greinke trade to have emotional impact Most people will tell you an NFL draft class needs a few seasons under its belt to really know how good it was. Yet, even with that qualifier, analysts from all over will gladly present their grades for the 2016 draft — which concluded last weekend — dishing out their thoughts on how each of the NFL’s 32 teams did.So, how did the Arizona Cardinals supposedly fare with their haul of Robert Nkemdiche, Brandon Williams, Evan Boehm, Marqui Christian, Cole Toner and Harlan Williams? Let’s take a look. *Note: For some perspective, here’s a look at how the experts graded the Cardinals’ 2015 draft class.Mel Kiper Jr., ESPNGrade: B-Robert Nkemdiche is a top-10 talent when at his best, which means when he’s playing with 100 percent effort. When you get that, you have that rare penetrating force from the interior of the D-line. Calais Campbell will be 30 before Week 1, so while this isn’t a huge need pick, it’s a great value if Nkemdiche can jump into the rotation. I thought third-rounder Brandon Williams was a reach, but the former running back hits a clear need as a hybrid player in the secondary — he could end up at either safety or corner. Evan Boehm is a solid addition in Round 4 because he can play either center or guard, and both can be considered need areas for the Cardinals. Marqui Christian is another safety addition — a need area — who has a chance to stick.Arizona did a solid job of addressing needs, while also getting a potential premium player in Nkemdiche. I think they have the culture to make it work with him, and I know they did plenty of homework. Plus, this grade gets a bump because they addressed pass-rusher by trading their second-rounder for Chandler Jones before the draft.Yahoo! SportsGrade: C+ Derrick Hall satisfied with D-backs’ buying and selling Nkemdiche has among the best tape of anyone in this draft class, but he dropped to 29th because of on- and off-field concerns. If Cardinals coach Bruce Arians can corral Nkemdiche’s talent and keep him on the straight and narrow as he has done with Tyrann Mathieu, the Cardinals got a real steal. Williams, a third-round cornerback from Texas A&M is a former running back with top-level athleticism, but he’s a project at the NFL level. Missouri center Evan Boehm could start right away if Arizona can work around his lack of athleticism. Christian is one to watch—winner of the Cliff Harris Award as the nation’s best small-school defensive player last year, he is a concussive hitter. Toner jumped up in national awareness after a nice week at the Senior Bowl. Overall, the Cards are going on future potential here, as opposed to filling immediate needs. The Nkemdiche pick will determine the success or failure of this draft, and that’s a bit of a risk.​ —DFLindsay H. Jones, USA TodayGrade: BAnalysis: If DT Robert Nkemdiche landed with nearly any other team, the pick probably would have earned a low grade. But not for the Cardinals. This is a perfect fit for both the team, which desperately needed pass rush help, and the player, who lands in a strong locker room full of leaders and big personalities. The Cardinals also addressed a weakness on the offensive line by drafting two linemen, including a future starting center in Evan Boehm from Missouri.Chad Reuter, NFL.comGrade: B Top Stories 0 Comments   Share   last_img read more

Top Stories

first_img Top Stories – / 25 Grace expects Greinke trade to have emotional impact I came to a football game expecting to write an obituary. Instead, I’m peddling hope like I’m Andy from Shawshank.Any talk of the Cardinals’ season being over is on hold for now.The rational and practical side of me understands that the chances of the Cardinals making the playoffs are slim and that given those realities the best thing for them to do is get the best draft pick possible. Steve Keim can hopefully rediscover his draft day magic touch and the Cards can get back on the road to success. Don’t mean to sound like Mr. Spock but wanting a better draft pick when the season is lost is logical. Who wants a biscuit? We know Arians does. A 4th-and-1 late with around four minutes left and Johnson picks up 14 yards. A few plays later, rather than running the ball to kill clock, the Cards execute one of the few deep passes that have worked this year, a 42-yard touchdown pass to J.J. Nelson. By now Cardinals fans are so familiar with “no risk-it, no biscuit” — they’ve probably tattooed it on their shoulder blade — but I liked how Palmer, Arians and Larry Fitzgerald explained it after the game. When you are where the Cardinals are, why not try for a biscuit? It’s desperation time and hardly the moment to play it safe. Not that Arians ever would have anyway.Bravo Larry, Bravo. Now No. 3 on the all-time receptions list. Now 10th on the all-time yardage list. The youngest player ever to get to 1,110 yards receiving.Big play defense. The Cards had been missing this for much of the season. But the Calais Campbell sack and forced fumble and the pick by Peterson shows the Cards can still change a game with their defense.Now comes the Dolphins. More scoreboard watching, more talk of winning on the East Coast. Let’s see how much longer the Cards can stay around in this thing. Arizona Cardinals quarterback Carson Palmer (3) leaves the field after an NFL football game against the Washington Redskins, Sunday, Dec. 4, 2016, in Glendale, Ariz. The Cardinals won 31-23. (AP Photo/Ross D. Franklin) 0 Comments   Share   The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Derrick Hall satisfied with D-backs’ buying and selling Instead, what we were treated to on Sunday was a pause on the doom and the dread, a reminder that there is indeed a place between “All or Nothing.”Sunday’s win was “Something.” And given the state of this football team, and frankly, the state of our state when it comes to sports, we could all use a little “Something.”Now comes the obligatory reality check. Winning out is the closest assurance the Cards have of getting into the playoffs. One more loss will make it seven on the year, and it’s reasonable to think that won’t be good enough. Of those four games, only one is at home.But in beating Washington, the Cardinals earned their most satisfying moment of the season by a wide margin. As irrational as it sounds in my own head, I’m glad it happened.Other random thoughts from the win over Washington:You’re the best. Around. So says Carson Palmer of his running back David Johnson, calling him “the best player in the NFL, point blank.” I’m sure Bruce Arians will point out a mental error or two tomorrow just to keep the kid humble, but the numbers are staggering. Eighty-four yards rushing and a touchdown on the ground. Ninty-one yards receiving and a touchdown in the air. ESPN Stats and Info pointed out he’s the first player to get 100-plus yards from scrimmage in all 12 games to start a season since Edgerrin James in 2005. I can’t help but wonder how much will the Cardinals will ease off on Johnson to keep him fresh for next year when this season’s goals are officially out of reach. Former Cardinals kicker Phil Dawson retireslast_img read more