The Cities at Minimum Risk From a Housing Downturn

first_imgSubscribe Previous: What is Driving Housing Sentiment? Next: Homeowners are Neglecting Flood Insurance Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. September 9, 2019 2,048 Views Servicers Navigate the Post-Pandemic World 2 days ago About Author: Radhika Ojha Share 1Save Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago The Cities at Minimum Risk From a Housing Downturn Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Market Studies, News Tagged with: Home Prices Home Sales Homes HOUSING Inventory Redfin Demand Propels Home Prices Upward 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / The Cities at Minimum Risk From a Housing Downturn Three northeastern cities—Rochester, Buffalo, and Hartford—are at least risk of a housing downturn in case of a recession. According to a Redfin study, some markets are at a greater risk of negative impacts from a recession than others. To determine the cities that would be most- and least-impacted because of a recession, Redfin looked at several factors. They included:Median home sale price-to-household income ratioThe average loan-to-value ratio of homes sold in 2018Home price volatilityShare of homes that are sold twice within 12 months for a different priceDiversity of local employmentShare of the local economy dependent on exportsShare of local households headed by someone age 65 or olderThe study found that not a single city “West of the Mississippi” was in the least risk category.With an overall score of 72.8%, the study revealed, Riverside, California posed the highest risk of a downturn among the 50 cities analyzed by Redfin. Riverside was followed by Phoenix (69.8%) and Miami (69.5%). The lowest score in the West was Denver, with an overall risk score of 41.5%. The only metro on the West Coast with a risk score below 50% was San Francisco at 42.9%. Redfin said that the Golden Gate City’s housing market had already begun “to slow earlier this year and therefore has less risk of a price downturn when the next recession hits.”On the other hand, the study found that the areas with the least risk are heavily clustered in the Northeast and Midwest regions. In fact, with a score of 30.4%, Rochester, New York faced the least risk from a recession followed by Buffalo, New York (31.9%), and Hartford, Connecticut (33.9%).So why did these regions face a lesser risk from the downturn compared to the West?According to Redfin, a number of factors such as “more affordable home prices, less investor activity, and local economies that are less prone to volatile boom-bust swings,” were responsible for the low risk in these regions.Click here to read the full study. Demand Propels Home Prices Upward 2 days ago  Print This Post Home Prices Home Sales Homes HOUSING Inventory Redfin 2019-09-09 Radhika Ojha The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily last_img read more

Teenage pair shine at WPGA event

first_img Two teenage players from England Golf squads led the amateur challenge at the latest event on the WPGA One Day Series when they tied for second place. Cloe Frankish (image © Leaderboard Photography), 15, from Chart Hills in Kent, and Aimee Wilson, 18, from Mickleover in Derbyshire, both scored two-under 72 at Little Aston. They were in a three-way tie for second place and finished two shots behind the winner, Jo Hodge of Hamptworth in Wiltshire. A third squad player, Megan Clarke of Cleckheaton & District in Yorkshire, also finished in the top six with a score of one-over par. The WPGA has opened up entry to its popular One Day Series to U16 and U18 girls from England Golf’s regional squads to give them the chance to develop their skills in a tournament arena. This was the second event in the series and both have showcased the skills of the emerging amateurs, after Bel Wardle of Cheshire was joint runner-up in the first tournament. Rebecca Wood, the England Golf Women’s Performance Manager, said: “This was another fantastic outcome for the England Golf programme. I cannot highlight enough what a great experience this is for the players to add to their development journeys and I hope more players sign up for the remaining events.” Aimee Wilson, who trains with the West Midlands U18 squad and is the Derbyshire champion, was playing in her first pro event and confessed to shaking beforehand! But her father – and caddy – Mark, said: “She played absolutely fantastic, I was really proud of her, and she really enjoyed the experience. She was very happy.” She had four birdies in her round and came home in one-under par, with immaculate play which resulted in a birdie on the 10th and eight straight pars to finish with. Cloe Frankish, who trains with the South East U16 squad, was playing in her second One Day event and her mum, Claire, commented: “She really enjoyed it and it’s given her such a big confidence boost.” She was giving a new putter its first outing during the competition and was rewarded with an excellent performance on the greens, including holing at least one 30-footer. Altogether she amassed five birdies in her round. Click here for the full scores 21 May 2014 Teenage pair shine at WPGA event last_img read more

Capers steps out of father’s shadow to lead Chartiers Valley over West Mifflin

first_imgTitans quarterback senior Imir Sanders has flourished in coach Tim Brennan’s newly installed flexbone offense all season, and he led West Mifflin down the field and threw a 27-yard touchdown pass to D. J. Hayes and went into halftime trailing only 14-7.Chartiers Valley’s Sean Lapcevic fumbled a punt early in the third quarter and Sanders hit Scott Perhach on a 45-yard bomb for his second touchdown throw of the game to bring the home crowd to life.On the Colts next drive, Lapcevic made up for the fumble by catching a 37-yard pass from Capers, setting up the Colts deep in West Mifflin territory.Then Capers dazzled the crowd by scrambling around in his backfield, and finally hitting Lapcevic for a 14-yard touchdown pass, giving them the lead again, 21-14.The Capers and Sanders show continued. Sanders gave the home crowd just enough time to “get their popcorn ready” before he threw another touchdown pass, his third of the game. This time it was a 37-yarder to Ricky Olasz. But a missed extra point kick by Alex Durrani left the Titans down by a point, 21-20.With time ticking away in the game, West Mifflin had a chance to tie up the game, but Sanders misjudged the speed of cornerback Beau Carson. Carson stepped in front of the intended receiver and returned the interception 34 yards for a touchdown. A Joe Pacella kick gave the Colts a 28-20 victory.On a weekend where the NFL welcomed back Michael Vick, the sellout crowd at West Mifflin was treated to an outstanding performance by Sanders, but it was Capers who is beginning to rocket his status into some legendary comparisons. BREAKING AWAY—Wayne Capers Jr. of Chartiers Valley pulls away from Ryan Jones of West Mifflin. The sophomore quarterback threw for one touchdown and ran for one in the Colts 28-20 win over West Mifflin. The drab weather—intermittent rain showers and the 90-minute delay to the start of the game because the referees went to the wrong field—didn’t put a damper on the excitement and anticipation of any of the expected offensive fireworks coming from the Capers- led Colts.“I’m glad this game wasn’t postponed because the referees went to the wrong field, because I wanted to see Capers,” said Jonathan Whaley, MSA Sports Network play-by-play and color analyst. “I circled this game as soon as I received our season schedule.”With the focus of the West Mifflin’s entire defense squarely on Capers, Beau Carson, a speedster was largely ignored by the Titans, and blew past them for a 54-yard touchdown run to put the Colts ahead 7-0.On West Mifflin’s first possession they marched down the field like a group of G-20 summit protesters, but the Colts defensive patrol was able to block off the end zone as the Titans failed on their fourth down attempt.Capers, who leads the WPIAL in scoring and total offense, used his arm and his legs to put the Colts ahead 14-0. His 22-yard touchdown run had many comparing him to some of the WPIAL legends of the past.“I played for Washington High School and had to practice against Brian Davis every day,” said Sam Hall. “I watched Capers play both basketball and football and he has the same qualities that made Davis an All-American.”West Mifflin also has a tradition and some stars of their own. COMMAND PERFORMANCE—West Mifflin senior quarterback Imir Sanders threw three touchdown passes but it was not enough as the Titans lost to Chartiers Valley, 28-20.  Wayne Capers Jr., ranked by many as the best sophomore quarterback in the state, passed for one touchdown and rushed for another to lead No. 3 ranked Chartiers Valley (4-0) over previously unbeaten West Mifflin, 28-10. Capers’ mother is Robbin Smith Capers, a former women’s basketball star at the University of Kansas, who played high school athletics in the Pittsburgh City League. Both his older sisters (Tanesha and Shea), were star athletes at Chartiers Valley. His father, Wayne Sr., played in the NFL for the Pittsburgh Steelers and the Indianapolis Colts, but it’s Wayne Jr., who is beginning to become a household name in the WPIAL.last_img read more

Fired-up Ravens beat Steelers 26-6 without Rice

first_imgBaltimore Ravens wide receiver Steve Smith (89) gets a hand on, but does not catch, a pass as Pittsburgh Steelers cornerback Cortez Allen (28) defends during the first half of an NFL football game Thursday, Sept. 11, 2014, in Baltimore. (AP Photo/Nick Wass)BALTIMORE (AP) – A short and tumultuous work week for the Baltimore Ravens ended with a surprisingly lopsided victory.Playing three days after running back Ray Rice was released, the Ravens got a pair of touchdown passes from Joe Flacco and rolled past the rival Pittsburgh Steelers 26-6 on Thursday night.Rice was reaching the end of a two-game suspension for domestic violence when a video of him striking his then-fiancee surfaced Monday. By the end of the day, the three-time Pro Bowler had been cut by Baltimore and suspended indefinitely by the NFL.The media immediately descended upon the team’s training complex, and the line of questioning had little to do with this heated AFC North rivalry.The Ravens (1-1) shrugged off the distraction to bounce back from a season-opening loss at home to division rival Cincinnati.Bernard Pierce took over for Rice to gain 96 yards on 22 carries as part of a ground game that finished with 157 yards. Flacco went 21 for 29 for 166 yards and two TD throws to tight end Owen Daniels, and Justin Tucker kicked four field goals.Pittsburgh (1-1) managed only two field goals and committed three turnovers – one that halted its opening drive, another that set up a fourth-quarter field goal by Tucker, and an interception by Ben Roethlisberger with 1:51 remaining.It was only the second time in the last 11 regular-season meetings between the teams that the outcome was decided by more than three points.Roethlisberger completed 22 of 37 passes for 217 yards. It was the first time since Nov. 26, 2006, that Baltimore held Pittsburgh without a touchdown.After Tucker kicked a 23-yard field goal for a 20-6 lead, Steelers tight end Heath Miller fumbled on a hit by rookie C.J. Mosley, who took the loose ball to the Pittsburgh 20.That led to a 22-yarder by Tucker with 11:14 left.Although the Rice video and the reaction was the talk of Baltimore for much of the week, a few fans showed their loyalty to the banished running back by wearing his No. 27 jersey.But the crowd of 71,181 was quick to turn its attention to on-field action at the opening kickoff.Aided by a roughing the passer call against Courtney Upshaw on the third play of the game, Pittsburgh held the ball for more than eight minutes before Justin Brown fumbled and Baltimore recovered at its own 15.The Ravens then moved 85 yards in 12 plays with the help of two Pittsburgh penalties, the last a 23-yard pass interference call against Cortez Allen that set up a 2-yard touchdown pass from Flacco to Daniels.Pierce and Justin Forsett combined for 32 yards on Baltimore’s next series, which ended in a field goal for a 10-0 lead.Pittsburgh finally broke through with 2:50 left in the half, getting a field goal to cap an 11-play, 73-yard drive.It was 10-6 before Flacco connected with Daniels on a 1-yard touchdown pass to cap an 80-yard drive highlighted by Flacco’s 24-yard completion to tight end Dennis Pitta.___AP NFL website: www.pro32.ap.org and www.twitter.com/AP_NFLlast_img read more

Seattle Fire Department At Satsop’s Tunnel Rescue Training Complex

first_imgThe Park is managed by the Grays Harbor Public Development Authority, a public corporation whose mission is to create new jobs and investment for the region. More information on Satsop Business Park can be found at www.Satsop.com. Submitted by Satsop Business ParkSatsop Business Park staff have dug 27 feet down beneath the never-used nuclear power site and exposed part of the huge pipes underneath. They’ve created a tunnel rescue training complex that the Seattle Fire Department will begin using Oct. 15.ELMA – Satsop Business Park has dug up some “buried treasure” that will likely help save lives. The “treasure” is a pair of enormous underground pipes that have now been transformed into a tunnel rescue training complex.The week of Oct. 15, about 30 members of the Seattle Fire Department will be the first to use the 12-foot diameter pipes to conduct specialized tunnel safety and rescue training. The department has said it will use the new training center about 30 days a year. Observers from the New York Fire Department will also be attending.“There is nowhere in the United States that has the potential for tunnel training as this place does with its 12-foot tunnels,” said Alan Vickery, assistant chief of the Seattle Fire Department. “These pipes are similar to the real world of tunneling work that is taking place in the Seattle area as well as internationally. Nothing that I’m aware of in the U.S. even compares,” he said.Located 27 feet below the ground, the pair of parallel water pipes was intended to carry water to and from the nuclear power plants’ twin cooling towers. To create the training prop, one was dissected and the other was opened up to allow for three separate areas to set up various training scenarios. Digging out a portion of the pipe, dissecting the one pipe and installing needed safety systems cost Satsop Business Park about $200,000.“To create a rescue training complex like this from scratch would cost millions of dollars,” said Tami Garrow, CEO of Satsop Business Park. (When the pipes were installed in 1979, the cost was $7 million.) “But at Satsop, we have this valuable infrastructure right beneath our feet that will benefit tunnel construction workers, repair crews, a wide range of rescue workers and the general public.“Redeploying these pipes for training purposes makes all kinds of sense when you think about it – and like everything else at the Park, it is recycling at its most creative.  It’s like uncovering a valuable resource that we know is already here, in this case, one that can help save lives and prevent injuries,” Garrow saidThe Seattle Fire Department has been contracted to provide tunnel rescue service for the Sound Transit Light Rail System, Assistant Chief Vickery said. This new site will be set up to deliver more realistic training scenarios – and thus make it safer for tunnel workers and firefighters who are called to the scene of a tunnel emergency, he said.Just a stone’s throw away from the recently completed tunnel rescue site, under the shadow of the operational cooling tower, is an outdoor tunnel construction training site being created by the Northwest Laborers-Employers Training Trust. That facility, complete with classrooms and a now-retired tunnel boring machine, nicknamed “Helene,” was created to teach tunnel workers how to safely operate in tunnels.“Having this tunnel training rescue site at the Park dovetails nicely with what we’re doing to create a national tunnel training complex, said Mike Warren, the training director of the Northwest Laborers-Employers Training Trust. “I can see fire departments from across the U.S. and Canada coming to Satsop to train. It will be a very unique set up. Tunnel rescue training will be provided to union laborers as well.” The Laborers-Employers Training Trust also plans to use the tunnels for about 30 days a year, he said.In addition to the Seattle Fire Department and Laborers-Employers Training Trust, there is growing interest by many other fire departments and safety organizations exploring the use of the tunnel rescue complex, said Nathan Hoover, project coordinator.“A lot of organizations go to West Virginia to get rescue training. We can save those on the West Coast a lot of money in travel expenses alone,” said Hoover. “We’re expecting that the Army, which already does lots of training here, will be interested in the tunnels. In addition, we can see easily adding some structures in the future to create scenarios for high-angle rescue training someday.”“I think this is a great opportunity for Satsop Business Park,” said Steve Poler, Chairman of the Board. “Anytime we can add a world-class training site to the Park it’s great, and to have something like this that is so different, where you can do things you can’t do anywhere else in the country is very exciting,” Poler said.Satsop Business Park is a 1,700-acre mixed-use business and technology park located in scenic Grays Harbor County in Southwest Washington just 30 minutes from Olympia and the I-5 corridor. It is home to more than 30 businesses, offers 440 acres of developed, pad-ready land and buildings supported by super-sized infrastructure and surrounded by 1,200 acres of sustainable managed forestland. Facebook3Tweet0Pin1last_img read more