Best investors could hope for

first_img Best investors could hope for AND so Forth Ports, Britain’s last public ports company, is to be sold off, following in the footsteps of P&O, Associated British Ports, Mersey Docks and Harbour, and PD Ports. Bad news for the nostalgic, but a good deal for shareholders and proof that insistence really does pay off. Arcus European Infrastructure Fund first made an approach for Forth Ports as part of a consortium of investors that offered £14 a share in May 2010, which was swiftly rebuffed. Yesterday’s offer – a total of £16.50 including a 20p dividend – is likely the highest shareholders could have hoped for. The 8.3 per cent premium to the pre-bid closing price might seem a little measly at first glance. But Forth’s shares had a good run in the month prior to the bid – rising some 14 per cent – as talk of a deal got round. At any rate, it’s the best that shareholders are going to get: with a 22.8 per cent stake, Arcus is unlikely to come up against any notable competition. For Arcus the deal is a good fit, given that it already has a significant number of infrastructure interests beyond its stake in Forth – including Euroports, the second- largest dry bulk port operator in continental Europe. This one is all over bar the formalities. Tuesday 22 March 2011 8:22 pm Share Show Comments ▼ whatsapp whatsappcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definitionthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmWorld LifestyleCouple Has No Idea Why Photo Goes Viral, Then They Notice This In The CornerWorld Lifestyle Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap KCS-content Tags: NULLlast_img read more

GC launches consultation on credit card restrictions

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter GC launches consultation on credit card restrictions Legal & compliance Regions: UK & Ireland The GB Gambling Commission has launched a 12-week consultation on potential restrictions on the use of credit cards for gambling, although an outright ban is likely to be robustly opposed by the industry. Subscribe to the iGaming newsletter The GB Gambling Commission has launched a 12-week consultation on potential restrictions on the use of credit cards for gambling, although an outright ban is likely to be robustly opposed by the industry.The consultation will run from 14 August 14 to 6 November, and will gather opinions on new restrictions for credit card gambling, such as spending limits, or banning their use altogether. The Commission is inviting the public and industry stakeholders to give opinion and will examine these comments, alongside data already submitted as part of an initial call for evidence, before it decides on the most appropriate course of action.center_img Email Address Tags: Mobile Online Gambling Payments Evidence presented to the Commission suggests support for an outright ban on credit card gambling coms mainly from charities and third-sector organisations. Members of the public criticised operators for knowingly accepting borrowed funds from players and expressed concerns over a lack of safeguards currently in place.Remote gaming operators and financial service providers, on the other hand, warned that restrictions on usage would be far more effective than a ban. Respondents to the call for evidence argued that players would use other forms of borrowing in place of credit cards, such as payday lenders, loans or overdrafts. As operators would not immediately be aware that funds were coming from these sources, they would need to conduct more intrusive source of wealth checks, such as obtaining bank or e-wallet statements. It was also suggested that players could circumvent any prohibition by funnelling money through e-wallets, or making cash withdrawals using credit cards.Respondents also said that not all people who use credit cards to gamble suffer from or are at risk from gambling problems, making it unfair to impose such restrictions on these players.Others respondents were in favour of a ban only if it were to include a wider plan to also prohibit the use of overdrafts and loans to fund gambling. The charity Step Change provided data to show some people have incurred debt across several types of borrowing, and restricting only one form of borrowing would have a limited impact on addressing harm.The Money Charity, meanwhile, was of the view that a ban on credit card gambling could be too easily circumvented unless it was part of a broader package of measures.The initial call for evidence also saw some respondents outline their opposition to any sort of intervention, although this primarily came from members of the public and several smaller – unnamed – remote operators. Again, they said other forms of funding are more costly than credit cards and it should be the responsibility of the customer to manage their own borrowing once they have been granted a credit card.Similarly, these respondents said that lenders should conduct more stringent affordability checks on what customers could repay, thereby making access to credit more difficult, rather than a policy intervention in relation to gambling. Topics: Legal & compliance Strategy 16th August 2019 | By contenteditorlast_img read more

The Charismatic Organization: Eight Ways to Grow a Nonprofit That Builds Buzz, Delights Donors and Energizes Employees

first_imgThe Charismatic Organization: Eight Ways to Grow a Nonprofit That Builds Buzz, Delights Donors and Energizes Employees AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 8 September 2008 | News About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. The authors offer a framework that allows organizations to go beyond quick fixes and fundraising strategies to a broader paradigm that encompasses community and organization building. What if every person involved with an organization was fully engaged and shared a common goal? What if the efforts of a relatively small ring of staff and board members were amplified by everyone touched by the organization, including current and former volunteers, staff, board members, clients, constituents, funders and supporters? That, the authors show, is the way a charismatic organization operates. The book provides numerous examples of how successful organizations have made this shift, as well as action steps that all organizations can take to perform better.  19 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Tagged with: Giving/Philanthropy Individual givinglast_img read more

Innovation, the Key to Farming’s Future

first_img SHARE Innovation, the Key to Farming’s Future Innovation, however, will not be limited to crops and chemistry. The equipment used to produce is also undergoing a revolution, a revolution that is driven by data. Patrick Sikora, with John Deere, says they are continuing to improve a machine’s ability to collect and transmit data to the farmer.  Currently, eight of Deere’s larger equipment lines have the ability to collect and distribute data to the farmer.  Sikora told a press conference at Commodity Classic that this is just the beginning of the kind of data collection and distribution that will be possible, “Imagine being able to look at a readout that tells you where all the equipment is, what it is doing, where it has been, and how it is progressing toward a specific task.” A display will show farmers, in real time, their progress toward planting, spraying or harvesting a crop.   In addition, agronomic data such as yield will be collected by the equipment and delivered to a central database accessible to the farmer anytime and anywhere. Home Indiana Agriculture News Innovation, the Key to Farming’s Future Facebook Twitter Rea said growers will continue to see new products and new technology coming to market in the next few years, “Innovation is going to be a critical enabler if farmers are going to be successful in pushing production limits even further in a sustainable way.”  A walk around the large trade show at Commodity Classic revealed dozens of new products and innovations that will be on the market in 2013 or 14. Paul ReaFarmers are demanding more and more solutions to more and more problems. From combating new insects and resistant weeds, to tolerating climate change, agriculture is in need of new crop traits and chemicals.  Paul Rea, Vice President of Crop Protection with BASF, says companies like his are making major investments in innovation to produce new production technology for agriculture, “We are investing at the rate of $2 million a day to bring to the farmer the very latest technologies they will need today and in the future to feed this growing population.”  He added there are technologies that will allow farmers to produce more than they have in the past. He said, with public sector spending on ag research basically flat, it will be up to the private sector to make the investment needed to increase food production to meet the growing world food demand. Innovation, the Key to Farming’s Futurecenter_img SHARE Previous articleCoalition Outlines Hope for U.S.-EU NegotiationsNext articleOil Falls on Chinese Economy Gary Truitt In the future, these smart machines will not only deliver mechanical and agronomic data but also environmental data such as the soil temperature and moisture of particular fields or places within fields. At Classic, Deere announced an expansion of their Field Connect soil moisture monitoring system. These new environmental sensors include: Weather Station, Rain Gauge, Temperature Sensor, Pyranometer, and Leaf Wetness Sensor. In addition to the soil moisture data provided by the Field Connect system, the new sensors provide data on temperature, wind speed, wind direction, humidity, solar radiation, leaf wetness and rainfall. The sensors are installed in customer fields as part of the Field Connect Gateway. All of this information will be at a farmers fingertips via his computer, tablet, or mobile device. Deere is already making plans to integrate these devices into their equipment.  John Deere has introduced mounting brackets and attachments to make it easier and more convenient for producers to have hands-free access and improved viewing of their mobile devices while operating equipment. By Gary Truitt – Mar 4, 2013 Facebook Twitterlast_img read more

Wells Fargo Indiana Weather Forecast 4/1/2015

first_img SHARE Facebook Twitter Facebook Twitter Home News Feed Wells Fargo Indiana Weather Forecast 4/1/2015 And, the rain totals keep working higher for the first half of the month. Normal rains for April are from 3.5-4 inches (give or take)…a week or two ago, I thought we could have trouble getting half of that by mid month…but the chances are looking better. Wells Fargo Indiana Weather Forecast 4/1/2015 By Ryan Martin – Apr 1, 2015 center_img The extended forecast has rains for the 12th, and the 14th. Colder than normal air is still on tap too. In fact, watch this weekend’s temps closely. Temps in the northern plains dip in to the 30s for highs from the end of this week through next Tuesday. That air will modify before getting here, but a high next Monday in Grand Forks, ND of 32 degrees still shows the intensity of the Canadian cold air mass we may be dealing with. I still think it will be difficult to get soil temps moving above 50 degrees in the coming weeks. SHARE Saturday dries out later, and Easter Sunday is good. However, moisture for next week is being strung out farther, such that I now look for showers and potential thunderstorms from Tuesday through Friday. Rain totals for the week can be in the half to 1” range at least, and we may still need to tweak those ranges to the upside. Mild air in play today, but colder air returns to finish the week. And, we still have some rain on the way. The pattern and forecast really boast no changes this morning, other than more moisture potential.We are still on track to have our next front pasMild air in play today, but colder air returns to finish the week. And, we still have some rain on the way. The pattern and forecast really boast no changes this morning, other than more moisture potential.We are still on track to have our next front pass late Thursday through Friday, and we now have secondary low coming up the front that will allow moister to linger into early Saturday. We like the rains to potentially be heavier, with half to 1.5” rains possible, and a band of heavier rain later Friday into Saturday from I-70 to US 24. This could end up being a fairly major event. Now, the atmosphere is pretty dry as this system develops…and I look for this system to give us cues as to next weeks rain potential too…if we get solid, good rains here to finish the week, I think it leads to potentially heavier rains next week. Right now, I have to go with the trend of the models, as each run has added moisture, and there is consensus among models too. I think it will be a very soggy finish to the week. Previous articleNot Much Sense in USDA NumbersNext articleFair Oaks Farms’ Havarti Takes 1st Place at U.S. Cheese Championship Ryan Martinlast_img read more

Guadeloupe police rough up news photographer

first_img RSF_en News FranceEurope – Central Asia Use the Digital Services Act to make democracy prevail over platform interests, RSF tells EU August 18, 2003 – Updated on January 20, 2016 Guadeloupe police rough up news photographer June 2, 2021 Find out more Reporters Without Borders has written to Guadeloupe prefect Dominique Vian to complain about police mistreatment of news photographer Sylvère Selbonne of the daily France-Antilles Guadeloupe, who was punched and insulted during a heavy-handed arrest on 15 August. “This journalist was just doing his job and yet he was treated like the worst of criminals — he was hit, insulted and humiliated,” the letter said. “We are not used to this kind of behaviour from the Guadeloupe police,” the organisation added, calling for an investigation and measures to ensure that it does not occur again. Selbonne had gone to a fast-food restaurant in Abymes (Grande-Terre) that had just been held up and was arrested by police while taking pictures of paramedics treating several people injured in the hold-up. The police told him to leave and when he refused, a policeman roughed him up and then handcuffed his hands behind his back. He was punched several times in the head and kicked in the buttocks, and was called a “shitty journalist.” Selbonne was kept in police custody all night. Feeling unwell as a result of the blows to the head, he was taken to hospital at his request for a medical examination. He has been shaken by the experience and intends to bring a complaint. FranceEurope – Central Asia News Receive email alerts to go furthercenter_img News “We’ll hold Ilham Aliyev personally responsible if anything happens to this blogger in France” RSF says News Help by sharing this information Organisation Follow the news on France June 4, 2021 Find out more RSF denounces Total’s retaliation against Le Monde for Myanmar story May 10, 2021 Find out morelast_img read more

Offices of Radio Nostalgie ransacked

first_img News to go further Help by sharing this information Receive email alerts Reports Côte d’IvoireAfrica News The 2020 pandemic has challenged press freedom in Africa RSF_en October 18, 2002 – Updated on January 20, 2016 Offices of Radio Nostalgie ransacked About 20 armed men in combat uniforms ransacked the offices of the private station Radio Nostalgie in Abidjan on the evening of 17 October 2002.”Further to the ransacking of the offices of the newspapers ‘Le Patriote’, ‘Tassouman’ and ‘Abidjan Magazine’, this latest attack highlights the violence faced by the independent media in Côte d’Ivoire, particularly the opposition media”, stated Reporters Without Borders Secretary-General Robert Ménard in a letter to Communications Minister Séry Bailly. Reporters Without Borders urged the minister to urgently take action to stop such attacks, which threaten the lives of journalists and the future of pluralism in Côte d’Ivoire.On 17 October, at around 8:00 p.m. (local time), about 20 men in combat uniforms, armed with machine guns, arrived in all-terrain vehicles at the offices of Radio Nostalgie, located in the Plateau neighbourhood of Abidjan. They assaulted the guard at the entrance and fired gunshots at the surveillance cameras. Once inside the station’s offices, they ransacked all of the equipment, ensuring that everything was destroyed, and fired at least one gunshot. The damages are estimated at 200 million CFA francs (approx. US$296,150), according to a station manager. “Today they are attacking equipment. Tomorrow, will they turn to people?” he asked. The station had not been broadcasting news programmes since the start of the unrest in the country. It was only broadcasting music programmes at the time of the attack. Radio Nostalgie director Hamed Bakayoko is also one of the principalshareholders of the Mayama Press Group. The offices of three of the group’snewspapers – “Le Patriote”, “Tassouman” and “Abidjan Magazine” – wereransacked on 16 October.On 16 October, Reporters Without Borders condemned the ransacking of the three Mayama Press Group newspapers. The organisation also urged Minister Bailly to do everything possible to ensure that such incidents do not reoccur and that all of the country’s journalists can exercise their profession in a safe environment. center_img Côte d’IvoireAfrica October 29, 2020 Find out more October 16, 2020 Find out more News RSF’s recommendations for protecting press freedom during Côte d’Ivoire’s elections Organisation Follow the news on Côte d’Ivoire Threats against journalists in run-up to Côte d’Ivoire’s presidential election November 27, 2020 Find out morelast_img read more

Pasadena Office Building Sold for $30 Million

first_imgBusiness News Pasadena Office Building Sold for $30 Million By RON ROKHY Published on Wednesday, August 31, 2016 | 4:11 pm Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena First Heatwave Expected Next Week More Cool Stuff Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Make a comment Community News Subscribe Name (required)  Mail (required) (not be published)  Website  A boutique office building in Pasadena valued at $30 million with over 60,000 square-feet of space changed hands Tuesday, according to a statement released to the media by Holliday Fenoglio Fowler, the company that closed the deal.The seller, Equity Office, sold the property to James Li of San Gabriel, who was represented by Long Dragon Realty, according to CoStar Group, Inc.The property, located at 150 E. Colorado Blvd. in Pasadena’s Old Town neighborhood, is a Class B office building with 62,286 square feet of space. It was about 90 percent leased at the time of sale to tenants in the healthcare, insurance and technology industries, according to HFF’s press release.The sales team who represented Equity Office was led by senior managing director Ryan Gallagher and director Andrew Harper, according to HFF.“The sale of 150 East Colorado will enable the new owner to occupy nearly 3,000 square feet of the vacant space for their headquarters, and realize significant near term upside as more than 40 percent of the leased square footage expires in the next three years, with in-place rents more than 10 percent below current market rate,” Harper said in the press release. Top of the News center_img Your email address will not be published. Required fields are marked * Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS 4 recommended0 commentsShareShareTweetSharePin it Herbeauty7 Reasons Why The Lost Kilos Are Regained AgainHerbeautyHerbeautyHerbeautyYou’ll Want To Get Married Twice Or Even More Just To Put Them OnHerbeautyHerbeautyHerbeauty8 Easy Exotic Meals Anyone Can MakeHerbeautyHerbeautyHerbeautyAmazing Sparks Of On-Screen Chemistry From The 90-sHerbeautyHerbeautyHerbeautyA 74 Year Old Fitness Enthusiast Defies All Concept Of AgeHerbeautyHerbeautyHerbeautyIt Works Great If Weight Loss Is What You’re Looking For!HerbeautyHerbeauty Community News Business News faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Darrel Done BusinessVirtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimeslast_img read more

Harvest Rock Files For Another Emergency Injunction in the Ninth Circuit

first_imgHerbeauty10 Most Influential Women In HistoryHerbeautyHerbeautyHerbeautyInstall These Measures To Keep Your Household Safe From Covid19HerbeautyHerbeautyHerbeautyStop Eating Read Meat (Before It’s Too Late)HerbeautyHerbeautyHerbeautyHe Is Totally In Love With You If He Does These 7 ThingsHerbeautyHerbeautyHerbeautyVictoria’s Secret Model’s Tips For Looking Ultra SexyHerbeautyHerbeautyHerbeauty10 Questions To Start Conversation Way Better Than ‘How U Doing?’HerbeautyHerbeauty Name (required)  Mail (required) (not be published)  Website  Lawyers for a Pasadena church have once again filed for an emergency injunction by the Ninth Circuit Court of Appeals against the remaining restrictions on indoor religious services under the state’s health guidelines.“Plaintiffs have scratched and clawed for lasting relief for 259 days, and this Court should issue an injunction pending appeal against the Governor’s continued imposition of discriminatory restrictions on religious worship services while exempting myriad secular gatherings from any restrictions whatsoever and permitting other nonreligious gatherings and industries to meet with more favorable capacity restrictions than those imposed on Appellants’ religious worship services,” states a brief filed on April 2.On Monday, Pasadena moved into the less restrictive orange tier of the state’s color-coded blueprint for recovery which allows 50% capacity inside churches, up from 25% last week.On a 6-3 vote in February, the U.S. Supreme Court cited the Constitution’s protection of the free exercise of religion and ruled that the church could open its doors to 200 members in the orange tier, but regulations upheld prohibitions against singing and chanting remaining in place.Last week, a federal judge ordered the state to explain its caps on worship services.“The Supreme Court has expressed frustration — and I think rightfully so — about the lack of a developed record,” U.S. Judge Cynthia Bashant said. “What I’m interested in is the occupancy rate. If the state can’t show they’re treating churches the same or better than retail, I’m inclined to issue the preliminary injunction.”Bashant scheduled the preliminary injunction and evidentiary hearing in that case for May 13.This is the third time Harvest Rock has filed for an emergency injunction in the Ninth Circuit.On Dec. 22, U.S. District Judge Jesus Bernal denied a temporary restraining order and preliminary injunction against Newsom’s stay-at-home orders.The church immediately appealed Bernal’s ruling to the Ninth Circuit Court of Appeals. When asked to explain exactly how California’s public health order unfairly targets the church, the Harvest Rock attorneys compared church gatherings to grocery stores and malls.However, Bernal, according to an article appearing inCourthouse News, said that movie theaters and concert halls were a more apt comparison.Seth Goldstein, a California deputy attorney general, told Bernal at the time the state’s indoor gathering restrictions are neutral, backed by undisputed scientific evidence.In October, Bernal ruled that the church’s right to free speech was not being violated and that Newsom’s order instead opposed where the speech was occurring.“Nothing would prevent the Governor from reinstating the challenged restrictions tomorrow, which would be just another sacrifice of fundamental rights in the name of judicial modesty,” the brief states. Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Virtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena More Cool Stuff EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS STAFF REPORT Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy STAFF REPORT First Heatwave Expected Next Week Business Newscenter_img Top of the News CITY NEWS SERVICE/STAFF REPORT Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Make a comment Your email address will not be published. Required fields are marked * Subscribe Community News Community News 126 recommended0 commentsShareShareTweetSharePin it Faith Harvest Rock Files For Another Emergency Injunction in the Ninth Circuit Church again calls for end to Gov. Newsom’s restrictions on indoor services By ANDRÉ COLEMAN, Managing Editor Published on Monday, April 5, 2021 | 2:59 pmlast_img read more

Summer Brings Best Housing Market In Decade

first_img The Week Ahead: Nearing the Forbearance Exit 2 days ago in Daily Dose, Featured, News Share Save Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago A new report from The Home Story presented by Fannie Mae states that though summer is normally a popular time to buy or sell a home, this season’s strong housing and economic data may make even better. The report cites Jonathan Smoke, chief economist at Realtor.com, in a piece he penned for CNBC.com, as saying this might be the “best summer for the housing market in a decade”.The report also notes Smoke who states that low mortgage interest rates and an unemployment rate of 4.9 percent in July are some of the factors driving home sales. The report states that the unemployment rate remained at 4.9 percent in August, as reported by the U.S. Labor Department reported on September 2.Additionally, Smoke says the employment report affirmed healthy economic fundamentals that support demand for housing. He also points to consumer confidence as a factor that favors those who want to buy a home, according to the report.Fannie Mae’s report says that although additional data points for August are yet to come, Smoke says he believes the demand for real estate remained robust.The report does note though that the total number of transactions continues to be held back by two key factors. Smoke is cited as saying these are limited supply and tight credit.“Those factors are most significant in hot-but-high-cost markets like San Francisco, where we are seeing some cooling in demand. But even with some cooling, markets like San Francisco remain very hot relative to the rest of the U.S.,” says Smoke.Affordable markets, especially in the Midwest and Southeast, are likely to see sales remain strong at least through August as frustrated buyers unable to find a home already this summer remain in the market while mortgage rates remain near all-time lows, he says.The report states that Doug Duncan, chief economist with Fannie Mae, says in terms of level of home sales and construction, “There’s no doubt that if you look at the depth of the crisis, we’ve been on an uptrend.”Additionally, the report states new residential sales reached an eight-year high in June. According to the Commerce Department, the report says this is increasing 3.5 percent to a seasonally adjusted rate of 592,000.On August 16, the report says the Commerce Department reported housing starts increased 2.1 percent in July to a seasonally adjusted rate of 1.2 million units. This was the highest level since February.Still, the limited supply of homes for sale is a major challenge, Duncan says according to the report. The supply of unsold inventory was 4.6 months in June, according to the National Association of Realtors. A “normal” unsold inventory supply is typically between six and seven months, he says.“We’re not back to normal by any means,” Duncan says about the housing market. “The limited supply of starter homes means house prices are appreciating well above long-term inflation-adjusted pace and thus a headwind for first-time buyers.” Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Summer Brings Best Housing Market In Decade Tagged with: Housing Market The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Housing Market 2016-09-18 Kendall Baer Kendall Baer is a Baylor University graduate with a degree in news editorial journalism and a minor in marketing. She is fluent in both English and Italian, and studied abroad in Florence, Italy. Apart from her work as a journalist, she has also managed professional associations such as Association of Corporate Counsel, Commercial Real Estate Women, American Immigration Lawyers Association, and Project Management Institute for Association Management Consultants in Houston, Texas. Born and raised in Texas, Baer now works as the online editor for DS News. Demand Propels Home Prices Upward 2 days agocenter_img Demand Propels Home Prices Upward 2 days ago September 18, 2016 1,415 Views  Print This Post About Author: Kendall Baer Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Summer Brings Best Housing Market In Decade Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: The Week Ahead: A Tale of Two Housing Markets Next: OCC Says Banking System is in a Position of Strength The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Subscribelast_img read more