Rent Growth Hits 10-Month High

first_img The Best Markets For Residential Property Investors 2 days ago March 15, 2019 1,228 Views in Daily Dose, Featured, Market Studies, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago According to the February Zillow Real Estate Market Report, rent prices grew at their fastest rate in 10 months in February, reaching 2.4 percent year-over-year appreciation. However, while rent price growth increased, national home value appreciation sagged to its lowest level since December 2017. The report found that the U.S. median monthly rent was $1,472 in February, recording an increase from $1,438 a year earlier. This translates to more than $400 in additional yearly expenses for the typical renter. Zillow noted that rents have steadily recovered since a slowdown in the fall that saw the first annual price decreases in more than six years. Data on the annual rent growth reflected an acceleration from January rates in most large housing markets, with the biggest jumps coming in Portland—a turnaround after six straight months of annual rent declines from July through December—and Indianapolis.Orlando and Pittsburgh were the only two large housing markets where rent growth declined. Despite that slowdown, both areas experienced higher-than-average growth, with Orlando rents growing at a faster pace compared to any other large metro area (7.0 percent). Addressing Amazon’s HQ2 withdrawal from Long Island City, the report indicated that New York renters are yet to feel the effect. New York rent prices along with those in Washington, D.C., and Nashville—two markets where Amazon still intends to build large office spaces—have largely followed national trends since the November announcement, Zillow pointed out. “The rental market spent part of last year catching its breath after several years of breakneck growth,” said Jeff Tucker, Economist at Zillow. “Landlords are now coming to terms with the fact that rent cannot grow faster than income forever, and after that short correction we can expect a much more vanilla, slow-growth market going forward. As we enter the 2020s, the demand for rentals is projected to fall as many millennials move on to homeownership,” he added. The median U.S. home value increased by 7.2 percent increase from a year earlier with a  cooldown mostly felt in San Jose, California; and San Francisco. U.S. for-sale home inventory grew 1 percent year-over-year, an increase of 16,137 homes. Inventory picked up the most in San Jose, Seattle, and Los Angeles, further signaling a cooldown from the frenetic pace of the past year in major West Coast markets. Zillow stated that Mortgage rates listed were mostly flat in February. Rates ended February at 4.16 percent, down one basis point from the start of the month. Click here to read the full report. The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribe Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Home Values Appreciation Jeff Tucker rent growth Zillow About Author: Donna Joseph Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days agocenter_img Home Values Appreciation Jeff Tucker rent growth Zillow 2019-03-15 Donna Joseph Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Brexit’s Far Reaching Impact on U.S. Housing Market Next: Breached: How the Mortgage Industry Can Implement Stronger Cybersecurity Share Save Donna Joseph is a Dallas-based writer who covers technology, HR best practices, and a mix of lifestyle topics. She is a seasoned PR professional with an extensive background in content creation and corporate communications. Joseph holds a B.A. in Sociology and M.A. in Mass Communication, both from the University of Bangalore, India. She is currently working on two books, both dealing with women-centric issues prevalent in oppressive as well as progressive societies. She can be reached at [email protected] The Best Markets For Residential Property Investors 2 days ago  Print This Post Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Rent Growth Hits 10-Month High Rent Growth Hits 10-Month High Demand Propels Home Prices Upward 2 days agolast_img read more

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Unwelcome guests

first_imgCleaning up the yard will helpWhat attracts them to stay is finding suitable lodging anddining. If the grounds and surrounding areas include tall grass,debris piles, weedy places and the like, they’ll think, “Hey,this is a 2-star hangout. I believe I’ll stay awhile.”Cleaning up the clutter is the way to eliminate snakes. Nochemicals, poisons or effective repellants are registered forsnake control.Answer these questions: Are there rodents or other food sources?Are there lots of places to hide? If either answer is yes, takeaction to remove the food and cover.Control rodents, get rid of debris, remove brush piles, cut thegrass, and stop cluttering the yard with stuff that won’t move ina yard sale. Not only will the snakes go away, but your neighborswill be appreciative, too.Keep things such as firewood and lumber stacked 12 inches aboveground or off the floor and away from walls. Plant shrubs atleast 4 feet from the foundation, both for the plants’ sake andto keep clutter and debris from accumulating.If you live near a pond or stream, try to keep the bank neat, butdon’t strip away all vegetation or your soil will wash. Most Georgia snakes aren’t poisonousFinally, remember that most snakes in Georgia are nonpoisonousand aren’t the dreaded cottonmouth water moccasin. The state ishome to three kinds of rattlesnakes (Eastern diamondback, timberand pigmy), cottonmouths, copperheads and coral snakes. It’s easyenough to learn to recognize these six snakes.If you don’t want to learn about snakes, just give them their space andallow them to move on as you would a turtle or frog.A poisonous snake in a populous area should be killed or removedsafely. If you need help identifying Georgia’s snakes checkoutthe Georgia Extension Service’s “Snakes of Georgia and SouthCarolina” book.The Extension Service also has free publications on snakes andtheir control and on building out unwelcome guests. Check withyour local county Extension agent for more information on thesepublications.Above all, educate yourself and your family. Enjoy Georgia’sgreat outdoors carefully and be knowledgeable about what you areseeing or how to react if something happens. And watch where youstep while you’re out there. By Wade HutchesonUniversity of GeorgiaLike many other people, I don’t have snakes on my list offavorite wildlife. I recognize they provide a service: they feedon rodents and other pests. But I’d just as soon not happen up onone.The fact that they feed on rodents is a clue. If you’re seeingsnakes, you may have a rodent problem. Take away the food sourceand the snakes will move on.However, if your house is surrounded by natural countryside withwoods, streams and swamps nearby, snakes will show up from timeto time. If they don’t find a reason to stay, most often theywon’t.last_img read more

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Ghana president kicks off Sankofa FPSO oil production

first_imgItalian oil and gas giant Eni has formally started oil production from its Sankofa field in the Offshore Cape Three Points (OCTP) block, in Ghana.According to Ghanaian media reports, Ghana’s president Nana Addo Dankwa Akufo-Addo at a ceremony aboard the John Agyekum Kufuor FPSO on Thursday turned the valve, marking the formal start of oil production from the Sankofa and Gya-Nyame fields.The OCTP integrated oil & gas development is made up of the Sankofa Main, Sankofa East and Gye-Nyame fields, which are located about 60 kilometers off Ghana’s Western Region coast.The fields have about 770 million barrel of oil equivalent (mboe) in place, of which 500 million barrels of oil and 270 mboe of non-associated gas (about 40 billion cubic meters). The project includes the development of gas fields whose production will be utilized entirely by Ghana’s domestic market.The “John Agyekum Kufuor” floating production, storage and offloading unit (FPSO), will produce up to 85,000 barrels of oil equivalent per day (boepd) through 18 underwater wells. A 63-kilometer submarine pipeline will transport gas to Sanzule’s Onshore Receiving Facilities (ORF), where it will be processed and transmitted to Ghana’s national grid, supplying approximately 180 million standard cubic feet per day (mmscfd).H.E @NAkufoAddo ready for a tour of the FPSO J.A Kufour with GNPC CEO, Dr. Sarpong, @eni CEO and others. #SankofaFirstOil @eni @vitolgroup pic.twitter.com/HhC8UO5xDO— GNPC Ghana (@GNPCGhana) July 6, 2017Offshore Energy Today Stafflast_img read more

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