Investment Update: Low-Tier Rents Outpacing High-Tier Homes

first_img  Print This Post Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: FHFA Issues Guidance on Refinances, Purchases While in Forbearance Next: Update on CARES Act and Liquidity About Author: Seth Welborn Subscribe The Week Ahead: Nearing the Forbearance Exit 2 days ago U.S. single-family rents increased 3% year over year in March 2020, the same rate of increase as March 2019, according to the CoreLogic Single-Family Rent Index (SFRI). The index measures rent changes among single-family rental homes, including condominiums, using a repeat-rent analysis to measure the same rental properties over time. Single-family rents were on the rise in early 2020 prior to the COVID-19 outbreak, having increased by an average of 3.1% year over year for the first three months of the year. Impacts from state and local shutdowns on the rental market will be apparent in the coming months.Using the rent index to analyze specific price tiers reveals important differences in rent growth. Figure 1 shows that the index’s overall growth in March 2020 was propped up by low-end rentals, defined as properties with rents 75% or less of the median rent of the metro area. Rents on low-tier rental homes increased 3.9% year over year and rents for high-tier homes, defined as properties with rents more than 125% of the metro-area median rent, increased 2.7% year over year. Rents for low-tier homes have been outpacing than those of high-tier homes since April 2014, and while the difference in these growth rates has narrowed over time, it widened again in March 2020.Rent growth varies significantly across metro areas. Figure 2 shows the year-over-year change in the rental index for 20 large metropolitan areas in March 2020. Phoenix had the highest year-over-year rent growth this March as it has since late 2018, with an increase of 6.8%, followed by Seattle (+6.2%) and Tucson (+5.3%). While none of the 20 metro areas showed decreases in rent, both Philadelphia and Honolulu recorded sub-1% growth in March. Philadelphia also had the largest deceleration in rent growth in March, showing annual rent growth of 3 percentage points lower than in March 2019. Seattle had the largest acceleration in rent growth in March, with rents increasing 5 percentage points faster than in March 2019. Employment gains turned negative in four of the 20 metros tracked in the report in March, a trend that will soon reach the remaining metros, likely impacting single-family rental prices. Home / Daily Dose / Investment Update: Low-Tier Rents Outpacing High-Tier Homes Share Save The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img May 19, 2020 1,016 Views Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Investment, News Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Investment Update: Low-Tier Rents Outpacing High-Tier Homes Tagged with: Investment Rental Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Investment Rental 2020-05-19 Seth Welborn Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Demand Propels Home Prices Upward 2 days agolast_img read more

Widespread Panic Honor Tom Petty & Col. Bruce For NYE Show

first_imgWidespread Panic finished their three-night run at the world-renowned Fox Theater in Atlanta with an opening set that featured an acoustic John Bell who was seated in center stage. The atmosphere was intimate, and when Vic Chestnutt’s song “Let’s Get Down to Business” got started, it felt like the band was playing in a living room. The band last played this song at Red Rocks Amphitheater this summer and it foreshadowed a special night to come.Bloodkin’s song “Who Do You Belong To?” quickened the tempo of the show, before another Bloodkin’s cover, the regretful tune, “Can’t Get High”, slowed the tempo back down thereafter. “Driving Song” became the first original song played, which they gave appropriate treatment with an exceptional jam sandwich with another original, “Jamais Vu”, squeezed in between the two lengthy verses of “Driving Song.” The “Jamais Vu” was eloquently slow and contrasted perfectly in juxtaposition with the progressively upbeat breakdown of “Driving Song”.JoJo Hermann stood out during the next song, an original, “Time Waits” with a jazzy ragtime feel that transformed the regal theater into a backstop honky-tonk roadhouse located far off the beaten path. To finish the short, but sentimental and sweet first set, the band aced their own classic tune, “Wondering”, before walking off the stage for the first time.The second set began with a blazin’ hot “Disco”, which featured masterful solos by every member of the band in their characteristic roundabout style. The band kept the pedal to the floor and brought a level of intensity fitting for this New Year’s Eve. The fervent energy was off the charts as the band segued into the epic crowd favorite—the drum-heavy, “Fishwater”. This extended jam presented the virtuoso musicians an opportunity to demonstrate their expertise, which they executed seamlessly. Dave Schools provided back-up vocals while holding down a heavy bass line while Jimmy Herring and JoJo carved meaty slices throughout the constant bombardment of Duane Truck’s and Sunny Ortiz’s powerful drumlines.The music didn’t stop as the band charged headfirst into a spectacularly comprehensive rendition of the original “Tie Your Shoes.” Another rarity, “Sleepy Monkey”, promptly followed with its mellow reggae tone and quick and crisp guitar licks provided capably by Jimmy Herring. The heated intensity of the music threated to spontaneously combust the rowdy members of the audience, so the band transitioned without pause into the wild and feral jam “Chilly Water”, and the balcony seats obliged the lower level seats with the obligatory flying cups of hydration. Though often dismissed as a superficial party-anthem, the song possesses deep themes of private vs. public domain by relating the story of a thirsty cowboy desperate for a drink of water from a rancher’s well.Adding to the celebration, the band played a deliberate and jubilant “Ribs and Whiskey” after a brief pause. Another crowd favorite, this saucy jam kept the crowd dancin’ to set up a psychedelic “Pigeons” to close the second set in grandiose fashion. Altogether, the second set was absolutely fire. Seven songs were played for a total of seventy-one minutes, averaging over ten minutes a song with smooth, ceaseless transitions between the first five songs.Before the third set began, the band’s tour manager, Steve Lopez, took center stage to thank the staff of Fox Theater and to commemorate the life of Colonel Bruce Hampton before counting down to midnight. The new year continued the traditions of the past with three consecutive tributes to Colonel Bruce. Widespread Panic began the final set with a moving rendition of “Basically Frightened” which they last played with Colonel Bruce in 2011. Jimmy Herring’s playing was especially emotional and sincere as a former bandmate to the beloved Colonel. John Bell gave an outstanding performance to capture the tone and vocal delivery for the tributes and gave the songs a Colonel-esque authenticity.“Basically Frightened”[Video: MrTopdogger]“Yield Not To Temptation”[Video: MrTopdogger]The band followed with a first-time-played rendition of “Yield Not to Temptation”, a skippy Bobby Bland cover. Progressing deeper into the mystical cosmos of their long-time mentor and friend, Col. Bruce, the band then performed a scintillating version of “I’m So Glad”. John Bell played his mandolin for the self-reflective, positive anthem “Ain’t Life Grand?” which is a guaranteed riot for the crowd as the seats emptied and the aisles filled with jumpin’ and hollerin’ zealots.The drums to “Surprise Valley” kept the level of excitement through the roof, and only magnified further when they sandwiched a glorious version of “Greta” in the middle of the celestial jam. Duane Trucks and Sonny Ortiz berated their percussion kits following “Greta” before finishing the second half of “Surprise Valley.” A fiery tribute to Tom Petty, “Honey Bee”, re-emerged for the second time played- with the first time played being two months ago on Ladies’ Night of the Halloween run in Las Vegas. J.J. Cale’s song “Travellin’ Light” trailed “Honey Bee” with the necessary reminder that “traveling light is the only way to fly.” Finally, to finish an extraordinarily impressive third and final set, the band closed with a slow and passionate version of Neil Young’s “Last Dance”.“Honey Bee”After a short break, the band returned to the stage with the audience still on their feet to play the rarely played, and extremely cherished “Expiration Day”. This Vic Chestnutt cover venerates the humble and simple life of an everyday worker, and the band performed this song impeccably. As the second encore, the rock and roll legends played a succinct and formidable “Postcard”. You would be fortunate to hear one of these songs at a show, to see both rarities jammed back-to-back as encores was incredible. As the grand finale of the run, the band reveled in the classic original “Porch Song” to finish the night and their three-night stay at the Fox Theater.I’d like to give a special thank you to Eugene and Antonio of Fox Theater for their hard work and love for the community (as well as the other employees who made sure everyone had a safe and enjoyable time). Also, sincere thanks to a new friend, John from Smyrna who accommodated our band of weary travelers.Setlist: Widespread Panic | Fox Theatre | Atlanta, GA | 12/31/2017Set One: Let’s Get Down To Business, Who Do You Belong To?, Can’t Get High, Driving Song > Jamais Vu > Driving Song, Time Waits, WonderingSet Two: Disco > Fishwater > Tie Your Shoes > Sleepy Monkey > Chilly Water, Ribs & Whiskey, PigeonsSet Three: Basically Frightened, Yield Not To Temptation, I’m So Glad, Ain’t Life Grand*, Surprise Valley > Greta > Drums > Surprise Valley, Honey Bee, Travelin’ Light, Last DanceEncore: Expiration Day, Postcard, Porch Song[Photo: Josh Timmermans (Noble Visions) via Widespread Panic’s Facebook page]last_img read more

Russell leads Syracuse on, off field ahead of national championship game

first_img Published on November 23, 2014 at 11:16 am Contact Ryan: [email protected] The Syracuse field hockey players had heard the rumors, but this was something the team needed to witness to believe.As the players sat around, eating their breakfast in the hotel lobby, they noticed something unusual on the television screen.Junior Emma Russell, their captain, was on SportsCenter’s Top 10 plays scoring a goal.“We were all downstairs in the hotel lobby and we were all just like, ‘What?’” head coach Ange Bradley said. “We were all around and we watched it and were all like, ‘Yeah!’ It was cool. It was really fun.”On the goal featured on SportsCenter, junior Alyssa Manley found Russell just outside of the circle. Russell spun away from a defender to get into the circle, then smacked a shot into the back corner of the net, falling to her left as she followed through.AdvertisementThis is placeholder textIt was the highlight of the Atlantic Coast Conference tournament, which despite Russell’s five goals, the Orange (18-5) didn’t win.  But her dominance leading the team to the finals of that tournament gave a young SU team the confidence it needed heading into Sunday’s national championship game in College Park, Maryland at 1 p.m.There, fourth-seeded SU faces a third-seeded Connecticut (19-3) team with a first-ever national championship for a Syracuse women’s team on the line.According to her teammates, Russell has had success because of her ability to get the offense flowing and to get the ball into the circle where a player must be for a shot to count.“She’s definitely great with the forward line. She gets a lot of stuff moving,” freshman Lies Lagerweij said. “She definitely gets the ball into the circle a lot, gets a lot of shots off.”While Russell’s on-the-field play in the ACC tournament was important in giving her 10 freshmen teammates much needed postseason experience, her work off the field as a leader to her teammates has as much, if not more, to do with the Orange’s final four run.As Lagerweij struggled to get on the field for most of the first half of the season due to injuries, Russell and the other veterans on the team didn’t allow Lagerweij to lose focus as they continually stood by her and the other freshmen’s sides and encouraged them. Lagerweij ended up scoring a goal on Sunday in the tournament, and freshmen had a hand in three of the five tournament goals scored.While she and her young teammates were struggling to get through the grueling 2k fitness test during the season, Russell and the other leaders on the team made sure they got through it, Lagerweij said.“Most of all, they are great team players,” Lagerweij said. “They push us on and off the field. They literally pulled us through our 2k fitness test. They do everything for us and we just want to give everything to the end of the season.”Bradley said it is the character traits Russell exhibits that makes her the perfect leader for this team. She has a lot of compassion, but she also expects and demands the best effort from her teammates, she said. It’s what’s made her a teammate to these players.“Emma is just a really compassionate person,” Bradley said. “She’s a competitor. She’s a really good leader. She cares about people and comforts them, and also encourages them. She’s a really good teammate.” Comments Facebook Twitter Google+last_img read more