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Count of Vacant Homes in Foreclosure Increases for Sixth Straight Quarter; Zombie Properties Increase as Foreclosure Activity Keeps Growing; But Portion of Homes Nationwide That are Empty in Foreclosure Remains Just One in 11,600 IRVINE, Calif., Aug. 24, 2023 /PRNewswire/ — ATTOM, a…
“Our aim is to make sure everyone has access to workplace certifications and we believe this move will go a long way in helping us achieve this goal,” says Farhan Siraj, Co-Founder and CEO of OSHA Outreach Courses. “Learners with budgetary constraints will benefit a great deal from this flexible payment model,” he emphasizes.
Interest Free Payments With Zero Additional Charges
Similar to how BNPL mode of payment is applied in other settings, OSHA Outreach Courses will not charge any interest payments from the learners. There will be no additional fee as long as the payments are made on the scheduled time. “You will still pay the same amount but the payments will be divided into equal monthly installments,” explains Farhan.
Smooth Verification Process
BNPL programs by different businesses often have a long and strenuous verification process. However, OSHA Outreach Courses has applied a painless process to verify those who wish to enroll in the OSHA 10 & OSHA 30 courses. The platform enforces a simple three step procedure to ensure that individuals can swiftly access the benefits of our payment flexibility.
Making OSHA Certifications Easily Attainable
Financial constraints often act as huge barriers, stopping people from getting OSHA certifications that will enhance their knowledge of workplace safety and improve their career prospects. OSHA Outreach Courses believes a limited budget shouldn’t come between workers and their aspirations to achieve professional growth.
About OSHA Outreach Courses
OSHA Outreach Courses is a platform that provides workplace safety training solutions to employers and employees across different industries. It’s a one-stop online learning platform for contractors, manufacturers and manual workers to empower themselves with critical knowledge on workplace safety.
For additional information, visit https://www.oshaoutreachcourses.com/ or call +1-833-212-6742. You can also email the company at [email protected].
Media Contact
Farhan Siraj, OSHA Outreach Courses, 1 833-212-6742, [email protected], https://www.oshaoutreachcourses.com/
SOURCE OSHA Outreach Courses
Here are some tips from Direct Public Adjusters to protect your home this storm season:
By following these tips, you can help to protect your home from storm damage. If your home does suffer damage from a storm, Direct Public Adjusters can help you file an insurance claim and get the maximum compensation for your losses.
Direct Public Adjusters is a full-service public adjusting firm that specializes in helping homeowners and businesses recover from property damage caused by storms, fires, and other disasters. With over 20 years of experience, Direct Public Adjusters has a proven track record of success in helping clients get the maximum compensation for their losses.
For more information on how Direct Public Adjusters can help you protect your home from storm damage, please visit our website at https://DirectPALoss.com
Media Contact
Tom La Vecchia, X Factor Media, 908-591-1490, [email protected], https://TheXFactorTeam.com
SOURCE Direct Public Adjusters
BEIJING, 23 de agosto de 2023 /PRNewswire/ — Con una amistad fraternal y de camaradería, China y Sudáfrica -los dos principales países en desarrollo del mundo- verán cómo sus relaciones bilaterales dan un paso más con una cooperación más fructífera en una “era dorada”, cuando los líderes…
PASAY CITY, Philippines, Aug. 23, 2023 /PRNewswire/ — For his outstanding leadership and dedication to climate and disaster resilience, Hans T. Sy, SM Prime Holdings, Inc. Chairman of the Executive Committee, was recently awarded the ‘Dangal ng Pilipino Sa Pag-agapay Sa Ligtas na…
The conference will provide insights from investors as well as look at technical issues with bonds. Among other topics scheduled are a panel on the relationship between clean energy and affordable housing as well as one focused on Community Development Block Grant-Disaster Recovery funds. The conference also includes a ceremony honoring recipients of the 2023 Novogradac Journal of Tax Credits Developments of Distinction Awards, which recognize outstanding achievement in the development of properties using the LIHTC and/or tax credit developments using U.S. Department of Housing and Urban Development (HUD) financing. The full agenda can be found here.
The Novogradac 2023 Housing Tax Credit and Bonds Conference is co-hosted by Stifel, sponsored by CBRE Affordable Housing, Enterprise Community Partners, Fallbrook Financial Services Co. LLC, Hunt Capital Partners, Lument, and Polsinelli, and will include exhibitor Partner Engineering and Science Inc.
Novogradac will also offer two preconference workshops on Sept. 27, a LIHTC Basics Workshop and a LIHTC Compliance Workshop. Separate registration fees for the preconference workshops apply.
About Novogradac
Novogradac began operations in 1989 and has grown to more than 700 employees and partners with offices in more than 25 cities. Tax, audit and consulting specialty practice areas for Novogradac include affordable housing, community development, historic rehabilitation and renewable energy.
Media Contact
Events Desk, Novogradac, 415-356-7970, [email protected], www.novoco.com
SOURCE Novogradac
“Even with mortgage rates at 20-year highs, Miami real estate continues to show rising single-family pending sales and increasing condo luxury sales,” MIAMI Chairman Ines Hegedus Garcia said. “It’s a testament to South Florida’s market fundamentals—high percentage of cash buyers, rising year-over-year population – but a lack of inventory, particularly new listings, is impacting further growth for this high-demand market.”
Miami-Dade Single-Family Pending Sales Rise for Second Consecutive Month
It’s difficult to compare today’s home transactions to the roaring 2021-22 era, when mortgage rates hit an all-time low of 2.65%, a worldwide pandemic led to the expansion of remote work and a pandemic-fueled housing boom registered historic sales.
Miami total home sales decreased 13.6% year-over-year in July 2023, from a historic 2,375 transactions in July 2022 to 2,051 in July 2023, because of elevated mortgage rates and lack of supply in certain price points.
Most of the homes purchased in July 2023 came to terms in June when mortgage rates peaked at 6.71%. Rates, in comparison, were at 5.09% on June 2, 2022. Even with the elevated rates, Miami-Dade single-family pending sales rose for the second consecutive month, increasing year-over-year from 1,016 to 1,032 transactions.
Home sales are sensitive to mortgage rate changes. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 7.09% as of August 17. That’s up from 6.96% the prior week and 5.13% one year ago.
“Miami-Dade’s price growth of over 10% is phenomenal at a time when mortgage rates are hovering at 7%, a strong indication of the pent-up demand that’s going to burst out as mortgage rates trend lower in 2024,” MIAMI REALTORS® Chief Economist Gay Cororaton said. “It’s tempting for buyers to wait for interest rates to decline. But keep in mind that there’s a shortage of homes for sale so prices are not likely going to fall, and expect buyer competition to intensify in 2024 as mortgage rates decline.”
Miami single-family home sales decreased 8.9% year-over-year, from 999 in July 2022 to 910 in July 2023 because of its comparison to a historic month and the current market has lower inventory in specific price points and higher rates.
Miami existing condo sales decreased 17.1% year-over-year, from a historic 1,376 in July 2022 to 1,141 in July 2023, due to lack of inventory and rising mortgage rates.
Miami Home Prices, Household Income Rise with Wealth Migration
Miami-Dade County single-family home median prices increased 10.8% year-over-year in July 2023, increasing from $570,000 to $631,670. Miami single-family median prices have risen for 140 consecutive months (11.7 years), the longest running-streak on record. Existing condo median prices increased 10.5% year-over-year to $420,000 from $380,000. Condo median prices have stayed even or increased in 140 of the last 146 months.
Miami ranks No. 4 in the U.S. annual home price appreciation, according to the latest US CoreLogic S&P Case-Shiller Index.
Historically, a market with less than 6 months of supply will have appreciating prices. Miami single-family homes and existing condos are at 3.2 and 5.1 months, respectively.
Local home prices have risen with South Florida’s wealth migration. In-migration boosted South Florida household income by $16 Billion in 2021, according to MIAMI REALTORS® analysis of the 2020-2021 migration data released by the Internal Revenue Service.
New households moving into Miami-Dade in 2021 had an average adjusted gross income of $229,300. New households moving into Broward County had an average adjusted gross income of $102,600. New households moving into Palm Beach County had an average adjusted gross income of $242,200.
Miami-Dade County’s population increased year-over-year in 2022, according to new U.S. Census Bureau population estimates. Miami-Dade is one of only 11 counties in the U.S. that are back to positive population growth in 2021-2022 after pandemic-driven population declines impacted the entire country, according to a new Brookings Institute report.
Miami-Dade Inventory, New Listings Still Near All-Time Lows
The monthly historical average for Miami-Dade inventory is 20,302 and current inventory is at 8,964. Total inventory is down 59.1% from pre-pandemic (July 2019), from 21,906 to 8,964.
Total active listings at the end of July decreased 10.1% year-over-year, from 9,973 to 8,964.
Inventory of single-family homes decreased 23.3% year-over-year in July 2023 from 3,727 active listings last year to 2,860 last month. Condominium inventory decreased 2.3% year-over-year to 6,246 from 6,104 listings during the same period in 2022.
New listings of Miami single-family homes decreased 23.4% to 1,255 from 1,639 year-over-year. New listings of condominiums decreased 18.2%, from 2,109 to 1,726 year-over-year.
Months’ supply of inventory for single-family homes increased 3.2% to 3.2 months year-over-year, which indicates a seller’s market. Inventory for existing condominiums increased 54.5% to 5.1 months, which also indicates a seller’s market. A balanced market between buyers and sellers offers between six- and nine-months supply.
Nationally, total housing inventory at the end of July was 1.11 million units, up 3.7% from June but down 14.6% from one year ago (1.3 million). Unsold inventory sits at a 3.3-month supply at the current sales pace, up from 3.1 months in June and 3.2 months in July 2022.
Miami Real Estate Posts $250.2 Million Local Economic Impact in July 2023
Every time a home is sold it impacts the economy: income generated from real estate industries (commissions, fees and moving expenses), expenditures related to home purchase (furniture and remodeling expenses), multiplier of housing related expenditures (income earned as a result of a home sale is re-circulated into the economy) and new construction (additional home sales induce added home production).
The total economic impact of a typical Florida home sale is $122,000, according to NAR. Miami-Dade sold 2,051 homes in July 2023 and had a local economic impact of $250.2 million.
Miami total dollar volume totaled $1.59 billion in July 2023. Single-family home dollar volume decreased 17.6% year-over-year to $846 million. Condo dollar volume decreased 5.4% year-over-year to $746 million.
Miami Distressed Sales Remain Low, Reflecting Healthy Market
Only 1.3% of all closed residential sales in Miami were distressed last month, including REO (bank-owned properties) and short sales, lower than 1.7% in July 2022. In 2009, distressed sales comprised 70% of Miami sales.
Short sales and REOs accounted for 0.3% and 0.9% year-over-year, respectively, of total Miami sales in July 2023.
Miami’s percentage of distressed sales are on par with the national figure. Nationally, distressed sales represented 1% of sales in July 2023, virtually unchanged from last month and the prior year.
Miami Median Price Appreciation Outperforming Nation, State
In Florida, closed sales of single-family homes statewide totaled 22,198 in July 2023, down 6.4% year-over-year, while existing condo-townhouse sales totaled 8,463, down 9.4%. Closed sales may occur from 30- to 90-plus days after sales contracts are written.
Nationally, total existing-home sales transactions waned 2.2% from June to a seasonally adjusted annual rate of 4.07 million in July. Year-over-year, sales slumped 16.6% (down from 4.88 million in July 2022).
The statewide median sales price for single-family existing homes was $415,000, up 0.7% from the previous year, according to data from Florida Realtors Research Department in partnership with local Realtor boards/associations. Last month’s statewide median price for condo-townhouse units was $319,000, up 4.6% over the year-ago figure. The median is the midpoint; half the homes sold for more, half for less.
Nationally, the median existing-home price for housing types in July was $406,700, an increase of 1.9% from July 2022 ($399,000). Prices rose in the Northeast, Midwest and South but were unchanged in the West.
Miami Real Estate Attracting Near List Price
The median percent of original list price received for single-family homes was 97.2% in July 2023, down from 99% last year. The median percent of original list price received for existing condominiums was 96.4%, down from 99% last year.
The median number of days between listing and contract dates for Miami single-family home sales was 24 days, up from 17 days last year. The median time to sale for single-family homes was 68 days, up from 62 days last year.
The median number of days between the listing date and contract date for condos was 32 days, up from 20 days. The median number of days to sale for condos was 77 days, down from 64 days.
Miami Cash Sales 52% More than National Figure
Cash sales represented 39.6% of Miami closed sales in July 2023, compared to 41.3% in July 2022. About 26% of U.S. home sales are made in cash, according to the latest NAR statistics.
Cash buyers are not deterred by rising rates. The high percentage of cash buyers reflects Miami’s top position as the preeminent American real estate market for foreign buyers, who tend to purchase with all cash as well as some moving from more expensive U.S. markets who can buy more with their profits from real estate sales.
Cash sales accounted for 50.2% of all Miami existing condo sales and 26.4% of single-family transactions.
To access July 2023 Miami-Dade Statistical Reports, visit http://www.SFMarketIntel.com
Note: Statistics in this news release may vary depending on reporting dates. MIAMI reports exact statistics directly from its MLS system.
About the MIAMI Association of Realtors®
The MIAMI Association of Realtors (MIAMI) was chartered by the National Association of Realtors in 1920 and is celebrating 103 years of service to Realtors, the buying and selling public, and the communities in South Florida. Comprised of six organizations: MIAMI RESIDENTIAL, MIAMI COMMERCIAL; BROWARD-MIAMI, a division of MIAMI Realtors; JTHS-MIAMI, a division of MIAMI Realtors in the Jupiter–Tequesta–Hobe Sound area; MIAMI YPN, our Young Professionals Network Council; and the award-winning MIAMI Global Council. MIAMI REALTORS represents nearly 60,000 total real estate professionals in all aspects of real estate sales, marketing, and brokerage. It is the largest local Realtor association in the U.S. and has official partnerships with 256 international organizations worldwide. MIAMI’s official website is http://www.MiamiRealtors.com
Media Contact
Chris Umpierre, MIAMI Association of Realtors, 3054687047, [email protected], www.MiamiRealtors.com
SOURCE MIAMI Association of Realtors
Approval enables process to pursue a transaction structure involving the sale of certain mCloud and AssetCare assets resulting in the separation of mCloud’s business in two standalone parts: one part to focus on AssetCare and a second to independently focus on NGRAIN-related business An…
The SBB Research Group Foundation has named Mandy Chen a STEM Scholarship recipient
CHICAGO, Aug. 21, 2023 /PRNewswire-PRWeb/ — The SBB Research Group Foundation named Mandy Chen a recipient of its STEM scholarship. The $2,500 award empowers students to create value for society by pursuing higher learning through interdisciplinary combinations of Science, Technology, Engineering, and Mathematics (STEM).
Mandy Chen, a freshman, studies Biomedical Engineering at Cornell University. In high school, Chen was a leader in the Society for Women Engineers Club. She is also a member of Project Exploration, a nonprofit organization that aims to give students in underserved communities the ability to participate in free STEM programs.
“Mandy is an outstanding example of the kind of student we look for when awarding this scholarship. She’s shown remarkable dedication to STEM,” said Matt Aven, co-founder and board member of the SBB Research Group Foundation.
For eligibility criteria and more information on the Foundation’s STEM scholarship, please visit http://www.sbbscholarship.org.
About the SBB Research Group Foundation
The SBB Research Group Foundation is a 501(c)(3) nonprofit that furthers the philanthropic mission of SBB Research Group LLC (SBBRG), a Chicago-based investment management firm led by Sam Barnett, Ph.D., and Matt Aven. The Foundation sponsors the SBB Research Group Foundation STEM Scholarship, supporting students pursuing Science, Technology, Engineering, and Mathematics (STEM) degrees. In addition to its scholarship program, the Foundation provides grants to support ambitious organizations solving unmet needs with thoughtful, long-term strategies.
Media Contact
Erin Noonan, SBB Research Group Foundation, 1-847-656-1111, [email protected], https://www.sbbscholarship.com/
SOURCE SBB Research Group Foundation
Employees nominate charities within their communities to receive financial and volunteer support as part of annual campaign, now it its 14th year
NASHVILLE, Tenn., Aug. 21, 2023 /PRNewswire-PRWeb/ — International Scholarship and Tuition Services, Inc. (ISTS) has named Friends of MACC and Nashville Diaper Connection recipients of the 2023 Starfish Campaign awards, the company’s annual giving initiative.
In selecting these organizations as recipients, ISTS commits to volunteer engagement from staff throughout the year as well as a one-time monetary contribution.
Friends of MACC is a volunteer-led nonprofit organization that works directly with Metro Animal Care and Control (MACC), Nashville’s only open admission shelter that serves nearly 7,000 homeless animals each year. Friends of MACC strives to amplify MACC’s impact by providing resources, financial support and increased awareness of MACC’s lifesaving initiatives including the Foster Program, Safety Net Program and Emergency Medical Fund.
Nashville Diaper Connection is a nonprofit diaper bank that that distributes free diapers to families in need through a network of partner agencies in Middle Tennessee. Through drives, wrapping events and other volunteer activities, NashDiaper provides diapers to an average of 4,500 babies in need each month in support of its “No Child Wet Behind” mission.
Through the Starfish Campaign, ISTS has donated nearly $20,000 to more than 35 organizations since 2010. Read more about the Campaign’s history and past recipients at applyISTS.com/about/Community.
About International Scholarship and Tuition Services, Inc. (ISTS)
Founded in 1985, International Scholarship and Tuition Services, Inc. provides comprehensive management of educational assistance programs, including scholarships, grants, loan repayment and tuition reimbursement. ISTS is a 100% women-owned company, focused on offering innovative technology and sustainable solutions to corporations, foundations, associations, unions and other organizations worldwide.
Media Contact
Carissa Willcoxon, International Scholarship and Tuition Services, Inc., 615-777-3735, [email protected], https://www.applyISTS.com
SOURCE International Scholarship and Tuition Services, Inc.
