US home prices are actually still rising

first_img(Credit: iStock)A look at home prices and one might forget there’s a virus sending the economy into chaos.The bottom hasn’t fallen out from under the housing market, at least not in terms of pricing, according to the Wall Street Journal. In fact, the National Association of Realtors found the national median home price rose 8 percent year-over-year in March to $280,600.The pandemic hasn’t created the imbalance that sends prices shooting up or down. While sales fell 8.5 percent in March from February, the pandemic has also brought down supply — total listings hit a five-year-low at the end of April.“Demand absolutely just got a kick in the gut, but at the same exact time, so did supply,” said Zillow Group senior economist Skylar Olsen.That was seen on a smaller scale as well. Hard-hit Manhattan saw an 89 percent drop in new listings in mid-April. Multi-million dollar deals continue to close in New York, but just at a much slower pace.Sellers haven’t yet been forced en masse to drop prices and move properties. Many are holding out, hoping that they can still cut a deal without a discount once stay-at-home orders are lifted and buyers can again see homes.Only about 4 percent of sellers cut their prices in the week ending on April 25, compared to 5.7 percent of sellers who cut prices during the same week last year.Overall, American homeowners are in a better financial position than they were before the last economic crisis, so fewer are expected to be forced into listing their properties. [WSJ] — Dennis Lynch This content is for subscribers only.Subscribe Nowlast_img read more

Luis Enrique Named Spain Manager On Two-Year Deal

first_imgFormer Barcelona and Celta Vigo boss Luis Enrique has been appointed as the new Spanish national team manager.His appointment was confirmed at a Spanish Football Federation (RFEF) press conference on Monday afternoon.The 48-year-old has signed a two-year deal to replace former Spanish teammate Fernando Hierro, who was in charge as Spain were eliminated by hosts Russia on penalties in a round of 16 clash at the ongoing FIFA World Cup tournament in Russia.Hierro had resigned from the post on Sunday and also decided not to return to his Sporting Director role.He was elevated from the post to replace the sacked Julen Lopetegui as manager just before the start of the tournament in Russia.2010 World Cup winners Spain have now had three managers within the last one month.RelatedFernando Hierro Leaves Spanish Coaching JobJuly 8, 2018In “Europe”Pique Announces Retirement From International FootballAugust 12, 2018In “Europe”Lopetegui Dismissed As Spain Manager Just Before Russia 2018 World Cup Opener With PortugalJune 13, 2018In “Europe”last_img read more

Premier League Round-up: Faisal dumps Oly

first_imgVisiting Kumasi King Faisal made sure tottering Accra Great Olympics stayed put at the bottom of the Onetouch Premier League table with a 3:0 thumping on Sunday.Faisal opened the scores as early as the fifth minute through Samad Oppong before Eric Opoku added to the tally in the 20th minute.Out of sorts Olympics only managed to bundle their chances or found goalkeeper Osei Boateng a real barrier, allowing the visitors to dictate affairs before a rather sparse crowd at the Ohene Djan Stadium.And when Olympics appeared to regroup to redeem themselves after the break, Faisal stunned them with the third goal.At the Obuasi Len Clay Stadium, homesters AshantiGold SC needed a brace by striker Alex Asamoah to ditch unyielding Sekondi Hasaacas by 2:1.Asamoah put his side up first in the 6th minute, however Hasaacas leveled up in the 20th minute through Freddie Quaison to throw the game wide open again. Hasaacas were indeed the more threatening in front of goal, as fans of Ashgold yelled and rained invectives on their players, before Asamoah netted the match winner in the 60th minute to set their hearts at ease.At the Tema Park, Real Sportive pipped visiting Liberty Professionals by 2:1 with goals from Yakubu Issaka and Alhassan Nuhu. Liberty’s lone goal, came from Kofi Nti Boakye.Zaytuna United and Tema Youth also sold out a pulsating game that ended two goals apiece at the El Wak Stadium.At the Berekum Golden City Park, homesters Arsenals pipped visiting Gamba All Blacks by a lone goal courtesy a 69th minute strike by substitute Seidu Abdulai.Kumasi Asante Kotoko play host to Accra Hearts of Oak on Wednesday at the Baba Yara Stadium in an outstanding game. Author: Isaac Yeboahlast_img read more