I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Enter Your Email Address Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. The unfortunate dependability of armed conflict has made defence stocks hugely lucrative stocks to hold in years gone by. Their appeal as a safe haven following the Covid-19 outbreak earlier in 2020 hasn’t been quite so robust, though. This is because UK share investors reckon even major players like BAE Systems (LSE: BA) might be hit by reduced arms budgets as governments adapt to the recent economic crash.In my view, defence spending is unlikely to take a hit because Western governments feel they can’t afford not to continue boosting their arsenals. Global defence expenditure rose at its fastest rate for around 10 years in 2019. And, amid concerns over Russian and Chinese expansionism rising, terrorist activity and cyber attacks on the rise, now’s not the time to expect arms spending to drop.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Reports circulating today on future UK spending seem to have confirmed my belief. Whitehall sources suggest that the Ministry of Defence will receive somewhere in the region of an extra £15bn over the next four years to upgrade and overhaul current technologies. This huge hike comes despite the British economy suffering its most calamitous downturn since the early 1700s. An announcement to confirm the decision is expected in the coming days.A truly-global UK shareAt the same time, the defence sector can rely on strong defence spending from the US too. This is even though President-elect Joe Biden is likely to pursue considerably less-hawkish foreign policy than the current White House incumbent.As BAE Systems has said in recent days: “There has traditionally been strong bipartisan support for defence in the US and we don’t anticipate that will change.” Indeed, the US faces the same problem as the UK in that its ageing military equipment desperately requires updating. This will require serious attention from whoever leads the world’s biggest arms spender for the next four years.For BAE Systems though, it isn’t all about the US and the UK. Rising political tension in the Middle East means that hardware sales to Saudi Arabia should remains strong. Its Australian division is likely to soar in the years ahead as its Hunter Class Frigate programme progresses. This UK share can also look forward to rising sales in its Asia Pacific markets as wealth levels rise. BAE Systems currently sources almost a quarter of total sales outside the UK, US, Australia and Saudi Arabia.Too cheap to miss?BAE Systems currently offers plenty for UK share investors to get their teeth stuck into. Yet I don’t believe its bright profits outlook is reflected at current prices. The FTSE 100 share’s 2020 price drop leaves it trading on a rock-bottom forward P/E ratio of 10 times.This isn’t all for value investors to get excited about. Today BAE Systems carries a mighty 5% dividend yield as well. All things considered, I reckon this UK share is a brilliant pick for ISA investors like me. See all posts by Royston Wild Our 6 ‘Best Buys Now’ Shares Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Simply click below to discover how you can take advantage of this. Stock market crash: I’d buy this 5%-yielding cheap UK share in an ISA to retire rich Image source: Getty Images. Royston Wild | Thursday, 19th November, 2020 | More on: BA I would like to receive emails from you about product information and offers from The Fool and its business partners. 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Year: Year: Casa CS / Moramarco+Ventrella architetti Architects: Moramarco+Ventrella architetti Area Area of this architecture project CopyAbout this officeMoramarco+Ventrella architettiOfficeFollowProductsSteelConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesBitrittoItalyPublished on December 14, 2015Cite: “Casa CS / Moramarco+Ventrella architetti” 14 Dec 2015. ArchDaily. Accessed 11 Jun 2021.
Manufacturers: Hindware, Jaquar, Saint-Gobain Houses Area: 119 m² Year Completion year of this architecture project Projects Ranganath.L Arvindh and Priya’s House / Biome Environmental SolutionsSave this projectSaveArvindh and Priya’s House / Biome Environmental Solutions Save this picture!© Vivek Muthuramalingam+ 22 Share CopyHouses•Bengaluru, India “COPY” Photographs: Vivek Muthuramalingam Manufacturers Brands with products used in this architecture project India ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/792633/arvindh-and-priyas-house-biome-environmental-solutions Clipboard Arvindh and Priya’s House / Biome Environmental Solutions Architects: Biome Environmental Solutions Area Area of this architecture project ArchDaily Year: 2016 Contractors: Photographs Consultants:Mesha Structural ConsultantsText:Soujanya KrishnaprasadSite Area:111.52sqmDesign Team:Sharath Nayak, Maitri Dore, Ramya Ramesh, Sayan Chaterjee, Sukhraj Singh SehgalCity:BengaluruCountry:IndiaMore SpecsLess SpecsSave this picture!© Vivek MuthuramalingamRecommended ProductsDoorsGorter HatchesRoof Hatch – RHT AluminiumFiber Cements / CementsRieder GroupFacade Panels – concrete skinDoorsECLISSESliding Pocket Door – ECLISSE LuceDoorspanoramah!®ah! PivotText description provided by the architects. The house sits in the context of a densely built residential area in North Bangalore. A substantial area of the plot along the road edge is occupied by the expansive canopy of a beautiful African Tulip.Save this picture!© Vivek MuthuramalingamThe design takes the tree into consideration at every stage in an attempt to unite it with the built space, factoring in daylight and ventilation. The resulting home is marked by a sedate atmosphere, hints of the tree and the sky mingling with sober earth walls, which then contrast with oxide floors and painted steel windows.Save this picture!Ground Floor PlanUpon entering indoors, the tree is perceived beneath a skylight that roofs most of the living space on the ground floor. An open kitchen sits adjacent to the living area while a bedroom is tucked away on one side. Two walls of the kitchen shared with the toilet are made of granite slabs placed vertically in a metal frame, reminiscent of homes built entirely with stone slabs, ubiquitous near quarries. Workers involved in this part of the construction were noticeably aged – perhaps a reflection of a technique that is fast fading.Save this picture!© Vivek MuthuramalingamThe first floor consists of a bedroom in two levels, the lower of which is pronounced by a rubber wood seat along a large window framing a terrace and the tree canopy above it. The seat is cast in concrete, raising the slab above the floor and allowing the kitchen below to relate to the skylight. The upper level leads to the terrace which is a relief amid closely built houses on either side. A shower and a toilet are built similarly in granite slabs. This material can be recovered in entirety and eliminates the need for tiling, while its metal structure replaces the need for door frames.Save this picture!First Floor PlanAn external staircase on the ground floor leads to the terrace and continues up to a studio apartment on the second floor. This space commands direct views of the branching canopy and the sky above. Granite slabs for the toilet walls here are placed horizontally for the relative ease of lifting shorter slabs to the second floor level.Save this picture!© Vivek MuthuramalingamMoving through the house, the definition of inside and outside spaces feels blurred. The skylight effects that the indoors change with changing light and colours of the sky through the day. The glass roof emulates a blank canvas on which flowers shed. This open roof and the terrace under the tree effect a reinterpretation of a courtyard on a small urban plot.Save this picture!© Vivek MuthuramalingamProject gallerySee allShow lessYAP Seoul – Temp’L / shinslab architectureSelected ProjectsELL / DomaenSelected Projects Share ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/792633/arvindh-and-priyas-house-biome-environmental-solutions Clipboard “COPY” CopyAbout this officeBiome Environmental SolutionsOfficeFollowProductConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesBengaluruIndiaPublished on August 03, 2016Cite: “Arvindh and Priya’s House / Biome Environmental Solutions” 03 Aug 2016. ArchDaily. Accessed 11 Jun 2021.
ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/798654/reforma-de-piso-en-arguelles-carrascal-star-blas Clipboard Architects: Carrascal•Blas Year Completion year of this architecture project 2016 Save this picture!© Guiomar Martín Domínguez+ 19 Share ArchDaily Photographs: Guiomar Martín DomínguezCarpenter:MELO OTEROGeneral Contractor:MAGARESTArchitect In Charge:Gabriel Carrascal Aguirre, Sergio Martín BlasCity:MadridCountry:SpainMore SpecsLess SpecsSave this picture!© Guiomar Martín DomínguezRecommended ProductsFiber Cements / CementsDuctal®Ductal® Cladding Panels (EU)Fiber Cements / CementsRieder GroupFacade Panels – concrete skinFiber Cements / CementsULMA Architectural SolutionsPaper Facade Panel in Leioa School RestorationFiber Cements / CementsEQUITONEFiber Cement Facade Panel NaturaText description provided by the architects. An awkward distribution, typical of speculative architecture in 1950s Madrid, constituted the point of departure in this renovation, as much as an opportunity to re-think domestic inner space. The commission aimed at the thorough transformation of a 95-square-meter apartment in the central district of Argüelles, which was very much conditioned by the dwelling’s unusual depth, i.e. a considerable distance between the entrance and the main, exterior rooms. The design responded by introducing unexpected relationships while valuing uncommon spaces, often deemed residual. Such a strategy results, in the first place, in a careful articulation between the entrance, the kitchen plus office, and the hallway. The latter’s spinal role within the flat made it worthy of a special treatment through geometry, so reflecting the layout’s irregularity, as well as by a play of quivering textures integrated in the continuous panelling of the surrounding walls and lattices, all in lacquered wood.Save this picture!SketchSave this picture!IsometricIn second place, the renovation seeks to preserve the flat’s identity by the modulation of light, the use of warm tones in wooden overlays and hydraulic tiling, or the restoration of the traditional, hard-wood floors, in a herringbone pattern with edgings.In the main rooms, the ampleness of the original height is emphasized by lowering the hallway and server spaces, as well as by particularizing the ceilings at different places: entrance (pyramid), office (pitched roof) and dining room (gilded, with a curved moulding). The combination of different textures and tones in wood, along with the variation among stances result in a spatial interplay of surprise and familiarity.Save this picture!© Guiomar Martín DomínguezIncluding demolitions, the work had to be ready in barely three months, so leading to the use of dry solutions for the partition walls and their facing. Speed was thus made compatible with the high quality of detailing and materials in the final result.Save this picture!© Guiomar Martín DomínguezProject gallerySee allShow lessTara Theatre / AedasSelected ProjectsProject of the Month: Casino and Hotel OvalleArticlesProject locationAddress:Argüelles, 28008 Madrid, SpainLocation to be used only as a reference. It could indicate city/country but not exact address. Share Projects CopyHousing•Madrid, Spain “COPY” CopyAbout this officeCarrascal•BlasOfficeFollowProductWood#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousingMadridSpainPublished on November 13, 2016Cite: “Arguelles Apartment Refurbishment / Carrascal•Blas ” 13 Nov 2016. ArchDaily. Accessed 11 Jun 2021.
[youtube height=”450″width=”800″]https://www.youtube.com/watch?time_continue=3&v=wjf_2Shc23k[/youtube] Advertisement Tagged with: Awards video Finalists for Charity Film Awards 2019 announced [youtube height=”450″width=”800″]https://www.youtube.com/watch?time_continue=5&v=gaOA1ohCm5o[/youtube] 319 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis16 There are 10 categories: £0-10,000, £10,001 – £100,000, £100,001 – £500,000, £500,001 – £5,000,000, £5,000,001 – £50,000,000, £50,000,000+, as well as Long form under £5m, Long form over £5m, People’s Choice Award, and the overall winner category: Charity Film of the Year.The full list of finalists and each video can be viewed on the Awards website. They also include Woodlands School Charitable Trust and Senior Citizen Liaison Team Charity in the £0-10,000 category, Dravet Syndrome UK and FRANK Water in the £100,001 – £500,000 category, and ActionAid UK and Alzheimer’s Society in the £50,000,000+ category. 50,000 members of the public voted for their favourite charity films to create the shortlist. From this, the panel of judges including David Eades, Journalist & Newsreader, BBC, Philip Collins, Journalist & Speechwriter, The Times, UK Fundraising’s Howard Lake, and Georgina Lewis, Head of Marketing the FA have chosen the finalists.Voting has reopened online so that members of the public can cast their vote for The People’s Choice Award.The winners will be announced at the Charity Film Awards 2019 Ceremony on Friday 26 April at etc.venues in London. Fifty charities and community interest companies (CICs) have been shortlisted as finalists for this year’s Charity Film Awards, which recognise the UK’s best charity films.Hundreds of charities and CICs entered this year’s Awards, with the finalists representing 50 organisations of all sizes, covering health awareness, medical research, sports, children and young people, environmental issues, animals, education, arts and culture and international NGOs.The films include documentary The Living Thames, featuring Sir David Attenborough, and a discussion about mental health featuring HRH The Duke of Cambridge, called CALM: #BestManProject Goes Royal, while Mary Berry and Rio Ferdinand share their personal experiences of bereavement in #One More Minute, and James Purefoy tackles gender inequality in Touchline Tactics. Melanie May | 14 March 2019 | News 320 total views, 2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis16 [youtube height=”450″width=”800″]https://www.youtube.com/watch?time_continue=1&v=eBguJpAFKcs[/youtube] About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com.
Feb. 14 — After 15 months of negotiation, including an intense 20-hour session lasting throughout last night, the Denver Classroom Teachers Association ended its three-day strike against the Denver Public Schools. The teachers’ union won most of its demands.The agreement will improve the life and longevity of teachers here in Denver. “They will know what they will be paid and have a fair salary schedule and pay system, something that is clear and understandable. Starting salary will be at $45,800, and there will be an 11 percent pay increase across the board,” said DCTA chief negotiator Ray Gould in a Channel 7 News interview this morning.In addition to increasing salaries, there will be a 20-step salary schedule that starts at $45,800 and tops out at $100,000 for teachers with 20-years experience and a Ph.D. There are also full cost-of-living increases in the second and third years of the agreement. Teachers will be able to use professional development units, which are free in-district courses to advance teacher education, to move up the levels in the salary schedule.In addition, there will be an end to bonuses for senior administrators. However, some bonuses will remain to provide incentives in high priority schools and hard to fill positions in Title I schools and in 10 distinguished schools, as well as for tuition reimbursement.DCTA was willing to continue the policy of giving bonuses to teachers who work in schools with high poverty rates. The Denver taxes used for that bonus, however, are not the only supports available for teachers. Smaller class size and increased access to mental health care are also available. DCTA agreed to decrease bonuses from $2,500 to $2,250, which freed up money to provide across-the-board pay increases. The agreement prevented a fourth day of the walkout that started Feb. 11. More than 2,000 educators still have to ratify the 3-year contract within the next few weeks. Support from community and studentsThe community and students have been very supportive of the teachers. Students sent videos and photographs to local media showing students acting unruly and being sent in large groups to auditoriums to watch movies or walking out due to poor supervision. When school authorities tried to prevent students from filming, the ACLU of Colorado stepped in to defend the students’ constitutional rights.All preschool classes were closed, affecting 4,700 children. Three-fourths of other students showed up for class, but only one fourth of the teachers. It was clear that the students were not learning their usual subjects. The use of substitutes at double pay and 1,400 central office staff — under threat of being fired if they did not cross the picket line — created an untenable situation. Susana Cordova, who is the new superintendent of Denver schools, was under a lot of pressure to reach an agreement. Cordova stated that there will be cuts of 150 high-salary staff in the bloated central administrative office to free up money to increase teacher salaries.As announced this morning on Valentine’s Day, the agreement made the teachers’ 15-month ordeal even sweeter. This strike victory has received national attention from teachers in other low-paying districts. The Denver teachers have shown that marching is not enough, but striking can win. Teachers all over the country have been protesting by marching against low pay and increased responsibilities. They have struck in Los Angeles and now Denver and made gains in both cities. Many school systems around the country have had funding cuts over the years since the 2008 recession. The national government doesn’t treat education as a priority, instead using tax revenues to pay for continuous wars and expanding the military. Overburdened taxpayers have often voted down more money for their schools, even though they understand the importance of education for their children. The teachers and their unions, with the support of the community and the students, are showing the way out of this swamp.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare this
In September 1971, prisoners at Attica Correctional Facility in New York state staged a rebellion that drew international attention to the struggle of incarcerated workers. Prisoners requested that the Prisoner Solidarity Committee of Workers World Party intervene on their behalf during negotiations. New York Gov. Nelson Rockefeller eventually ordered a massacre that led to the deaths of over 40 people. The following is an excerpt of PSC member Tom Soto’s eyewitness account. Soto died earlier this month at the age of 77.Attica, 1971.There is one scene I’ll never forget. I was leaving the prison for the last time, late Sunday night. As I entered corridor A leading into the liberated area there was a brother whom I happened to know personally standing on security. His arms were folded as he faced 40 machine guns on the administration side. On his shirt he was wearing a [Prisoners Solidarity Committee] button. Today, I don’t know if he is alive.Another thing I’ll never forget — a brother whom I rapped with a long time noted the ring on my finger and asked about it. I told him it had been made from an American fighter bomber shot down by Laotian women over Laos. I gave it to him, and he considered it to be a very dear show of solidarity between the PSC and the prisoners and the Indochinese people.As I left, I knew that I might never see these men again. The atmosphere was filled with tension. There were many hugs and kisses, many goodbyes, many messages to families on the outside. Yet there was also an incredible strength and determination among all the prisoners to fight for their just demands or die in the attempt.Finally, I’d like to add that the prisoners don’t view themselves as criminals. They know that they — the Black people, the Puerto Rican people, the poor white people — are not “criminals” but oppressed people, driven by poverty. They know that they have been denied jobs; they have families to support; and they know that the only way for poor people to survive, for those with no hope of getting jobs, was through stealing $20 or $100 or $200, in other words, crimes of survival.They see themselves as victims of a racist society which oppresses and exploits their people. They see the Rockefellers, the Mellons, the big corporations, the banks, those who rob and steal their labor for profit, as the real criminals.The inmates always told me that they had no intention of killing any of the hostages. They took them because there was no other way to redress their grievances. The guard-hostages were the only thing that stood between the prisoners and sudden death. As it turned out, Rockefeller decided to sacrifice even the guards rather than to give in to the just demands of the prisoners. The blood of all the dead is on his hands.But one thing the rulers of this country never seem to learn — they think repression, repression and more repression will end the oppressed peoples’ uprisings. In fact, just the opposite is true. The men at Attica were so oppressed, so tortured, so brutally treated that finally they chose to revolt and even die rather than endure life behind those walls any longer. They knew that many would die, yet they chose the dignity of struggle rather than the misery of submission.The Attica uprising was an historic event. It will live forever in the hearts and minds of the oppressed around the world. If the class solidarity shown there is any indication of the future, the cause of the oppressed and poor cannot fail. No prison rebellion in U.S. history has ever been so politically conscious and so determined. The Prisoners Solidarity Committee felt honored to have been invited by the prisoners to support them and is pledged to continue our work on their behalf.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare this
Walk in Covid testing available in Limerick from Saturday 10th April TAGSAisling MaherfeaturedGalway racesLadies dayMusic LimerickRachelle Guirywinner Twitter Rachelle Guiry with TV presenter and judge Kathryn Thomas.LIMERICK ladies were crowned best dressed at the Galway Races ladies day yesterday. Rachelle Guiry’s baby blue outfit wowed the judges at Ballybrit. Rachelle, a former art teacher from Newcastlewest who now specialises in wedding make-up, won a one carat diamond solitaire pendant valued at €8,500, a shopping spree worth €1500 in Anthony Ryans, Galway and €1000 cash. She also received a Lancôme Presentation Gift Hamper worth over €600 and corporate hospitality package for Galway Races October Bank Holiday Racing Festival. Meanwhile, the winner of the Anthony Ryans Wear Irish Award, for the lady with the most appropriate choice of Irish design or accessories in her ensemble was Aisling Maher from Castleconnell. The milliner, who owns her own boutique in Adare, received a prize of a fashion shopping spree worth €500 in Anthony Ryan’s Galway. Sign up for the weekly Limerick Post newsletter Sign Up Advertisement Linkedin Celebrating a ground breaking year in music from Limerick WhatsApp #HearThis: New music and video from Limerick rapper Strange Boy NewsLimerick Ladies are officially best dressedBy Guest Writer – August 2, 2013 1066 Previous articleUlster Bank League Fixtures announcedNext articleSuper Blues claim derby honours Guest Writerhttp://www.limerickpost.ie Email No vaccines in Limerick yet RELATED ARTICLESMORE FROM AUTHOR Print #SaucySoul: Room 58 – ‘Hate To See You Leave’ Emma Langford shortlisted for RTE Folk Award and playing a LIVE SHOW!!! this Saturday Facebook
U.S. Department of Veterans AffairsA Fallen Heroes Exhibit and Program will pass through today at the Music City Mall, by the Dillard’s Courtyard.The program starts at 2 p.m.The exhibit honors West Texas Heroes from Iraq Desert Storm Middle East Crisis.U.S. Veterans Administration representatives will be available with benefits and application and information. Pinterest Exhibit and program honoring fallen heroes MCM mall logo.jpg WhatsApp Twitter Pinterest Twitter Previous articlePermian class of 2018 cherishes moment at ‘finish line’ during graduationNext articleGOOD NEWS: Fundraiser for Turning Point USA featured special guest Donald Trump Jr. admin Facebook Facebook Local News WhatsApp By admin – May 26, 2018
Print This Post in Daily Dose, Featured, Journal, News Data Provider Black Knight to Acquire Top of Mind 1 day ago Servicers Navigate the Post-Pandemic World 1 day ago Affordability Ben Graboske. Black Knight Daryl Fairweather Home Price Index Redfin 2021-04-05 Eric C. Peck Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 1 day ago Home / Daily Dose / Rates and Prices Pushing Affordability Out of Reach Eric C. Peck has 20-plus years’ experience covering the mortgage industry, he most recently served as Editor-in-Chief for The Mortgage Press and National Mortgage Professional Magazine. Peck graduated from the New York Institute of Technology where he received his B.A. in Communication Arts/Media. After graduating, he began his professional career with Videography Magazine before landing in the mortgage space. Peck has edited three published books and has served as Copy Editor for Entrepreneur.com. Rates and Prices Pushing Affordability Out of Reach Previous: Prepping for Regulatory Climate Change Next: Mother Nature Impacting Housing Relocation Choices April 5, 2021 753 Views Demand Propels Home Prices Upward 1 day ago The Best Markets For Residential Property Investors 2 days ago Tagged with: Affordability Ben Graboske. Black Knight Daryl Fairweather Home Price Index Redfin Share Save Related Articles About Author: Eric C. Peck Black Knight’s latest Home Price Index has found home prices up 11.6% in February, hitting their highest annual rate in more than 15 years. Also rising at an equally-paced clip, median single-family sales prices rose 15.9% year-over-year in February. The rise in home prices, along with the uptick in mortgage rates, has driven affordability to its lowest point since mid-2019.Black Knight found that it now takes 20% of the median household income to make monthly payments on an average-priced home–back to the five-year average, but still stronger than the 20-year average of 23.4%. In January and February, it was found that there were 125,000 fewer listings compared to 2020, pushing home for-sale inventory 40% below last year’s level.“Of course, upward pressure on home prices has also served to tighten affordability, and with rates on the rise, affordability concerns are coming into sharper relief,” said Black Knight Data & Analytics President Ben Graboske. “It now takes 20% of the median income to make the monthly payment on the purchase of an average-priced home, back up to the five-year average after several years of low interest rates mitigating the impact of rising prices on affordability. Housing is now the least affordable it’s been–factoring in interest rates, home prices and income–since mid-2019. Any hopes of 2021 bringing an influx of homes to the market and lessening pressure on prices appear to be dashed for now, as new for-sale listings were down 16% and 21% year-over-year in January and February, respectively. Rather than an influx of homes on the market, we’re now 125,000 fewer new listings in the hole compared to the first two months of 2020 and trending in the wrong direction. With higher interest rates and a continuing shortage of inventory, it will be important to keep a careful eye on both home prices and affordability metrics in the coming months.”Regionally, Black Knight’s affordability data shows that recent increases in 30-year rates, combined with sharply rising home prices, are starting to put pressure on some higher-priced markets.In the Los Angeles metro market, even with 30-year rates at 3.17% as they stood in late-March, it requires 43.6% of the median monthly income to make mortgage payments on the median-priced home purchase when putting 20% down–well over twice the national average.”The uptick in mortgage rates is likely fueling more bidding wars in the short term because house hunters are rushing to buy homes before rates rise even further,” said Redfin Chief Economist Daryl Fairweather in a recent report. “If mortgage rates move significantly higher, we’ll likely see some buyers move to the sidelines, which will curb competition in the long run.” Data Provider Black Knight to Acquire Top of Mind 1 day ago Demand Propels Home Prices Upward 1 day ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe