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Will Wage Growth Bring Relief to Homebuyers?

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Demand Propels Home Prices Upward 2 days ago Subscribe July 6, 2018 1,489 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily 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. The Best Markets For Residential Property Investors 2 days ago Tagged with: building Census Bureau Construction Fannie Mae First American Homebuyers HOUSING Inventory Jobs LendingTree Realtor.com Shortage Supply Previous: PACE Financing Risks—A Fresh Look Next: The Rise and Stall of Zero Net Energy Homes Will Wage Growth Bring Relief to Homebuyers? Home / Daily Dose / Will Wage Growth Bring Relief to Homebuyers? Demand Propels Home Prices Upward 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago About Author: Radhika Ojha Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Total employment across the United States increased by 213,000 while the unemployment rate rose to 4 percent in June, according to data released by the Bureau of Labor Statistics on Friday. Despite the rise, unemployment still remained below the 4.3 percent rate recorded during the same period last year.“Job gains were solid, with sizable upward revisions to the prior two months, and annual wage gains held steady,” said Doug Duncan Chief Economist at Fannie Mae. “While the unemployment rate increased for the first time since August, it was accompanied by a two-tenths rise in the labor force participation rate, marking the first advance in four months.”Data also indicated a rise in wages or hourly earnings by 2.7 percent, a figure that is likely to bring some relief to homebuyers according to Danielle Hale, Chief Economist at Realtor.com.“If the unemployment rate continues to remain low, companies may continue to push salary increases, which could offer some relief for home buyers. There are more than 15 percent fewer entry-level homes under $200,000 on the market this year than last year,” said Hale. “In contrast, there are slightly more $350,000 plus homes on the market than last year. If raises help buyers reach beyond entry-level homes, it could lead to a better match up of home shoppers and available homes.”However, Tendayi Kapfidze, Chief Economist at LendingTree believed that wage growth remained weak despite this hike. “Despite the low unemployment rates, wages continue to disappoint. The increase in the labor force participation rate may offer a clue as to why,” Kapfidze said. “The large pool of available people to enter the labor force is a drag on wages as it reduces the bargaining power of workers who are already employed.”Friday’s numbers also indicated some hope for relief in housing supply. The data found that construction employment continued to trend up in June and had increased by 282,000 year over year. However, “a moderation in residential construction payroll gains to 4,400 from 12,600 in May disappointed,” according to Duncan.“Specifically for the housing market, residential construction employment increased, which is critically important to increase the pace of housing starts and add more housing supply to the market,” said Mark Fleming, Chief Economist, First American. “Based on the increase of residential construction employment this year, it is not surprising that housing starts have been rising.”Kapfidze agreed, “Over the past year, 282,000 total construction jobs have been added as builders work to add supply given the tight inventory and rising home prices.” in Daily Dose, Featured, Market Studies, News Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago building Census Bureau Construction Fannie Mae First American Homebuyers HOUSING Inventory Jobs LendingTree Realtor.com Shortage Supply 2018-07-06 Radhika Ojha Share Savelast_img read more

Clowning around, with purpose

first_imgThis is one in a series of profiles showcasing some of Harvard’s stellar graduates.Laura Ricci, who is receiving a master’s degree from the Graduate School of Education, always suspected she would follow in her family’s artistic footsteps. “The arts have always been a very deeply integral part of my life,” Ricci said. “I come from a family of artists and musicians, and grew up surrounded by all forms of artistic expression.”But Ricci, whose new degree has a focus on arts education, never suspected that her longtime interest in theater — which prompted her to graduate from the Interlochen Arts Academy (’89) and Mills College (’94), and even to study with acclaimed actress Dame Judi Dench at the Eugene O’Neill Theater Center — would eventually lead her to practice her craft in hospitals.She also never expected she would become a professional therapeutic clown.“My clown is a weird-looking doctor named Bill,” said Ricci, smiling. “He has a big moustache, and he wears a funny-looking skirt and two pairs of glasses because he’s just that smart. Actually, when my friends at the hospital found out that I was going to Harvard, they joked that when I came back, Bill would have three pairs of glasses.”Ricci’s first introduction to clowning came during her senior year of high school, when she worked at the Hole in the Wall Gang Camp, an organization created by actor Paul Newman for children with serious or life-threatening illnesses.“They brought in two therapeutic clowns, Kim and Therese, from the Big Apple Circus Clown Care Unit,” Ricci said. “And it was just magical to see them work. The children really opened up with the clowns, and with each other, as a result of that interaction. Some of these children are constantly subjected to unpleasant medical procedures, sometimes for their entire lives. To see them release some of that, and blossom into engaging with these clowns, it was a really intimate, graceful, and powerful experience. It’s been a quiet thread that I’ve wound up following the rest of my life.“There’s such an obnoxious profile of clowns as being garish, almost feral, and confrontational,” Ricci said. “But in my personal ethic of clowning, it’s about listening well and bringing listening into play to connect with people. Clowns who do their job well are able to connect with kids in an intimate, playful, and joyful way.”In 2001, Ricci discovered a weekend clown workshop taught by Chris Bayes and was introduced to the craft of clowning. “It just flipped a switch in me,” she said. “We were being asked to improvise, but not in a sketch comedy way. Clowning is really just about being willing to be, in his words, ‘deeply, truly stupid,’ so that the people you’re performing for can let go, too. That can be a challenge for actors, who spend a lot of time training to be very articulate, professional, and put together. But this was just the opposite.”Having gotten the clowning bug, Ricci applied to the Clown Conservatory at the Circus Center in San Francisco and graduated in 2003. A few years later, Dan Griffiths, another professional clown, asked Ricci if she would help him start a clown program at University of California, San Francisco, Benioff Children’s Hospital.“Several of us got together and started doing ‘Clown Rounds’ at UCSF twice a week,” Ricci said. “We’re a team of clowns that go to the patients’ rooms to see how they’re doing. Some folks were initially wary of having clowns in the hospital. UCSF is a high-profile research hospital, so for them to trust us was a big deal… which makes it a perfect environment, frankly, for a clown. That’s true of Harvard’s environment, too, by the way,” she added. “There’s so much weight and status. You’re right in the middle of the king’s court.”Once the staff and administrators saw how positively the children responded to the clowns, however, their fears were allayed. Almost 10 years later, the ClownZero effort is still making kids smile at the Benioff hospital.Part of what makes clowning work in a hospital setting, Ricci said, is that clowning is a collaboration between the patient and the clown.“Good clowning empowers the child,” she said. “And we’re talking about kids who have lost a lot of their power — because they’re sick, because they’re not in charge, because they can’t just get up and walk out. Children who are sick don’t have a say over who comes into their room, whether they have to go through painful procedures, and so on. It’s a really hard situation. So a lot of it is creating an exchange where they can tell us what to do, and we’ll do it. It’s some serious power, especially because we’re grown-ups!”For Ricci, the real reward is seeing children blossom and engage by interacting with the clowns. “It’s awesome to see kids having fun, especially when you know they’ve just been sitting in their hospital beds all day. Being able to bring that to them is wonderful. It’s all about connecting with the kids. Often it is about being goofy, but it’s more about giving them power, listening to them, and inviting them to engage with us as equals.”last_img read more

Going to a Reds Game

first_imgEven though I like baseball very much, it is quite a hassle for me to go to a Reds game.  In order to be close to the stadium, it costs $20 to park.  When you are in a wheelchair, there are only a few spots available for you to sit.We took my brother and sister-in-law to help Sally.  We hadn’t been there in 3 years, and wouldn’t you know, we chose Wednesday night this week to go.  Starting about Sunman, it poured down rain for 2 hours.  We got to the Park and found out the storms had knocked out the elevators at the stadium and our tickets were on the mezzanine level.  This was the good part of the experience, however, because it meant they had to relocate us on the main level.  The Reds staff were extremely helped and kind.  They bent over backwards to accommodate us.  After all of this, is was an enjoyable evening and I will be willing to try it again!last_img read more

GOC President calls for unity

first_imgNewly elected Ghana Olympic Committee President Ben Nunoo Mensah has urged his team members to work together after the congress at the Alisa Hotel/The Weightlifting Federation boss was elected as the new Ghana Olympic Committee president after beating incumbent president Professor Francis Doodo.Nunoo Mensah had 33 votes with Dodoo getting 28 votes of the total beating the former Olympian by just five votes.Dodoo, who has been at the helm of affairs of the Olympic governing body since 2011, was vying for a second term but has been dethroned by the former treasurer of GOC who has called for team work.“This elections is just a way of committing yourself to serve the county.” He told Asempa FM.“I am just offering myself to serve the country and I don’t believe in celebrating electoral victories. You can only celebrate when you work for the people and the results you are producing will touch the people. “There is a lot of work I have to do. It is not going to be easy. We only have to come together and work together because there is a big task ahead of us.” He added.last_img read more

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