The Week Ahead A Look at the Rising Prices

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first_imgThe Week Ahead: A Look at the Rising Prices in Daily Dose, Headlines, News, Origination, Servicing Share CoreLogic Home Prices 2017-04-23 Seth Welborncenter_img On Tuesday, S&P Indices, along with CoreLogic, will release the February S&P Corelogic Case-Shiller Home Price Index (HPI), a monthly measure of changes in the housing market.The S&P Corelogic Case-Shiller HPI covers 20 metropolitan areas across the U.S., and is released on the last Tuesday of every month. The previous HPI, covering January 2017, showed home prices at a 31-month high.During January, home prices were up 5.9 percent year-over-year and 5.7 percent month-over-month.After January’s results were released, David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Down Jones Indices, stated that the uptick in home prices shouldn’t sound off alarm bells just yet.“Housing and home prices continue on a generally positive upward trend,” Blitzer said. “The recent action by the Federal Reserve raising the target for the Fed funds rate by a quarter percentage point is expected to add less than a quarter percentage point to mortgage rates in the near future. Given the market’s current strength and the economy, the small increase in interest rates isn’t expected to dampen home buying. If we see three or four additional increases this year, rising mortgage rates could become concern.”The upcoming indices may reveal rates continuing to rise, but even with the rate hike, housing should remain affordable for many middle-income buyers. According to Mark Fleming, Chief Economist at First American Financial Corporation, said there shouldn’t be a problem.“Even at the higher mortgage rate, for the majority of markets a median income can purchase more than the median priced house,” Fleming said. “Why is this? The house buying power that borrowers have, even with rates below five percent, still remains historically strong. It would take a significantly higher mortgage rate to erode the real, house-buying power adjusted, price of housing, even as nominally house prices grow at their current pace.”To view the full Index, visit us.SPIndices.com.This Week’s ScheduleFHFA Home Price Index, Tuesday, 9 a.m. ESTMBA Mortgage Applications, Wednesday, 7 a.m. ESTFSC to Hold Financial CHOICE Hearing, Wednesday, 10 a.m. ESTFreddie Mac Weekly Mortgage Survey, Thursday, 10 a.m. EST April 23, 2017 636 Views last_img read more

In his sophomore campaign Peterson fumbledmuffed

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first_imgIn his sophomore campaign, Peterson fumbled/muffed seven kicks and lost possession on three separate occasions. To add insult to injury, he also failed to reach the end zone and finished with a disappointing 8.4 yards per return average.Although Jones didn’t imply that Peterson’s role would change because of the coaching change, he did say the former No. 5 overall pick will have to adhere to a new set of guidelines.“He’s an offensive guy on defense, but I’m just glad coach (Bruce Arians) told me I can use him,” Jones said. “He’s going to have parameters, they all will have parameters. Absolutely. You put your toes on the yard line that we decide and you make decisions.”When pressed by Arizona Sports 620’s Doug & Wolf Friday as to what those parameters will be, Jones didn’t go into great detail.“Well I think goes back to not just Patrick, I don’t want to pick on a guy that’s a great player,” said Jones. “Because I’m excited to working with him. I think the biggest thing is learning the situational stuff coach Arians is going to teach this whole entire football team.“One, it’s a team game. Two, even if you have a lot of great talent, you have to know and play the situations.” Your browser does not support the audio element. Former Cardinals kicker Phil Dawson retires Derrick Hall satisfied with D-backs’ buying and selling Jones did say the onus lies with him and the rest of the staff to coach Peterson up in that department.“I think you have to play situational football and put him in that in practice,” said Jones. “You have to make him understand that every ball can’t be a home run and every ball won’t be a home run. “So, particularly when you’re playing back there as we were in Pittsburgh with a starter, you have to protect the football.”Jones previously worked for the Steelers (2007-2012) as the team’s assistant special teams coach. However after he took over as the special teams coordinator in 2012, punt returner Antonio Brown actually saw his numbers go down (tied for 26th in average with 6.8 yards per return). The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Comments   Share   LISTEN: Amos Jones, Arizona Cardinals special teams coordinator Top Stories Grace expects Greinke trade to have emotional impact During his introductory press conference Friday, new Arizona Cardinals special teams coordinator Amos Jones gushed over the opportunity to work with punt returner Patrick Peterson. And why wouldn’t he be excited?As a rookie, Peterson took the NFL by storm tying a league-record for most punt return touchdowns (4) in a season. Not to mention, all four went for 80 yards or longer.Yet while Peterson dazzled fans in 2011 with his unique approach in the return game, which among other things included catching punts inside the five-yard line, 2012 wasn’t so kind to the former LSU standout.last_img read more