Experts Predict Level Playing Field as Investors Withdraw

first_img Share Save in Daily Dose, Featured, Market Studies, News Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Previous: Have Young Buyers Been Priced Out? Next: Interest Rates and HARP Participation Pressure Title Insurer Revenues Tagged with: Federal Reserve Home Values Investors Zillow The Best Markets For Residential Property Investors 2 days ago  Print This Post A majority of experts surveyed by Zillow and Pulsenomics expect large-scale investors will pull out of the housing market in the next few years—and that hopefully means a smoother field for consumer buyers.Out of 110 economists, real estate experts, and investment strategists surveyed in Zillow’s latest Home Value Index, 57 percent said they think institutional investors will work to sell the majority of homes in their portfolios “in the next three to five years.” These investors are largely credited with propping up housing during its recession, helping to keep sales volumes from plummeting too far.While their withdrawal will most certainly affect today’s still-fragile market—79 percent of those surveyed said the impact would be “significant or somewhat significant” should investor activity curtail this year—Zillow chief economist Dr. Stan Humphries says it wouldn’t be the worst thing to happen to housing.“Buyers entering the market in the next few months will not be competing with cash-rich investors like they were last year which should be small solace given the higher prices and mortgage rates that they will encounter,” Humphries said. “The gradual decline of investor activity should be viewed as another sign of the market slowly returning to normal.”Humphries also pitched in his own opinion on a timeline, saying he agrees with the panel “that there will not be a rush for the exit by institutional investors.”The group was also asked about their thoughts on when the Federal Reserve should end its asset purchases, an effort that has already begun with two rounds of tapering.More than 70 percent of respondents wish to see the stimulus ended before the end of 2014—“and the current pace of tapering will get us there,” said Pulsenomics founder Terry Loebs.“Of course, whether Janet Yellen’s Fed will maintain the current pace as new economic challenges arise remains an open question,” Loebs added.Finally, the last question posed to experts: What will home value appreciation look like in 2014 and beyond?Panelists arrived at an average projected appreciation rate of 4.5 percent through the end of the year–still high compared to the historical norm of 3 percent. Appreciation is expected to slow to 3.8 percent in 2015, falling to 3.3 percent by 2018.Based on current forecasts for home value appreciation in the next five years, panelists predicted that overall home values could surpass their April 2007 peak by the first quarter of 2018. February 12, 2014 764 Views center_img Federal Reserve Home Values Investors Zillow 2014-02-12 Tory Barringer Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Experts Predict Level Playing Field as Investors Withdraw Data Provider Black Knight to Acquire Top of Mind 2 days ago Experts Predict Level Playing Field as Investors Withdrawlast_img read more

Guardiola praises ‘incredible’ Sterling for confronting racism

first_imgSterlingManchester, United Kingdom | AFP | Pep Guardiola has praised Manchester City star Raheem Sterling for refusing to be intimidated by the menace of racism in football.Sterling endured alleged racial abuse from a Chelsea fan during City’s 2-0 defeat at Stamford Bridge on Saturday.The 24-year-old was targeted by the supporter while he was standing near fans on the touchline.Sterling appeared to laugh off the shocking incident at the time, but the abuse has drawn widespread condemnation amid fears the sport is being dragged back to the dark ages of the 1970s and 1980s when racism was rife.The England winger later accused the media of fuelling racism in the way it reports certain stories about black players.And former England assistant coach Gary Neville revealed this week that Sterling complained during Euro 2016 of constant criticism from fans that carried racist undertones.Speaking for the first time since the Chelsea incident, City manager Guardiola backed Sterling and hailed his decision to speak out on the controversy.“I was concerned with what happened but he made a statement on Instagram and was quite clear about his thoughts,” Guardiola told reporters on Tuesday.“He’s an incredible person, an incredible human being.“It’s tough in the 21st century to still be in this position, to have problems with diversity. We have to be better, everyone.”Guardiola believes racism is a deep problem in society, not just football, and insisted more must be done to combat it.“It’s everywhere, racism is everywhere. People focus on football but it’s not just in football. You’d think in football we’d be safe but racism is everywhere,” he said.“What happens today – how we treat immigrants and refugees, when once in our lives our grandfathers were refugees. It’s everywhere. That’s why we have to fight every day. “We have to fight for human rights to make a better society for the future. Today it’s dangerous, not just in England, all across Europe.“The message for the politicians is for them to be tough on human rights and we have to defend democracy in the best way.”– Real power –Former Barcelona and Bayern Munich boss Guardiola also pointed out the media has a crucial role to play in keeping racism in check.“Today the real power is the media, not politicians, not the governments. It’s the media,” he said.The Metropolitan Police have launched an investigation into the Stamford Bridge incident, while Chelsea have suspended four supporters.“I appreciate what Chelsea did,” Guardiola said. “If it happened in my club we should do the same.”Guardiola, whose side host Hoffenheim in the Champions League on Wednesday, made it clear comments about players should restricted to performances on the field rather than straying into foul abuse.“Hopefully the criticism is when he plays s***, he plays bad. That would be perfect. Everyone is exposed to that – the managers, the players, everyone around the world,” he said.“But just for the colour of his skin? Believe me, that’s ridiculous and that’s why everyone has to protect from that situation.”Sterling’s team-mate Leroy Sane also believes the former Liverpool player has shown great dignity in dealing with the abuse.“I think it’s sad this happens still. We all support Raheem and are on his side,” Sane said.“He is a strong guy, a good guy. He can handle it and he is not letting it get him down.Share on: WhatsApplast_img read more