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HUD: Housing Improves; Still Needs Further Recovery

first_img Demand Propels Home Prices Upward 2 days ago  Print This Post Colin Robins is the online editor for He holds a Bachelor of Arts from Texas A&M University and a Master of Arts from the University of Texas, Dallas. Additionally, he contributes to the MReport, DS News’ sister site. The U.S. Department of Housing and Urban Development (HUD) released its April 2014 Housing Scorecard, noting that home prices remained stable, foreclosure completions continued to their lowest levels since mid-2007, existing home sales stabilized, new home sales slowed, and the administration’s foreclosure mitigation efforts continued to provide relief for troubled homeowners.The agency found that as of February 2014, the FHFA purchase-only house price index rose 6.9 percent year-over-year, and ticked up .6 percent from January, seasonally-adjusted. The seasonally adjusted purchase-only index for the U.S. found that home values are on par with prices from mid-2005.Foreclosure completions totaled approximately 29,000 in March, down 5 percent from February and down 34 percent from March 2013. The drop in foreclosures represented the lowest level seen since July 2007. Newly initiated foreclosures were roughly 55,700, up 7 percent from February.Regardless, foreclosure starts were still down 24 percent from last year.HUD found that existing-home sales stabilized in March, remaining virtually unchanged. Existing-home sales were below year-ago levels for the fifth consecutive month. The report from HUD cites a National Association of Realtors report that attributed the stagnation in sales to low inventory, fewer distressed properties, strict banking lending standards, less favorable affordability, and the unusually harsh winter.New home sales also experienced a slump, dropping 14.5 percent to a seasonally adjusted annual rate of 384,000 in March—an eight month low. “New home sales were down 13.3 percent from a year earlier, the first annual decline since the third quarter of 2011,” HUD found.The government’s loss mitigation programs provided a bright spot in HUD’s report. The government agency found that 2 million homeowner assistance actions have taken place through the Making Home Affordable Program, which included nearly 1.4 million permanent modifications through the Home Affordable Modification Program (HAMP).HUD found that the Federal Housing Administration (FHA) has offered nearly 2.3 million loss mitigation and early delinquency interventions through March. Additionally, mortgage aid was extended 7.7 million times, outpacing foreclosures. Housing counselors also continued to provide assistance, counseling 10.3 million households since April 1, 2009.In total, more than 8.3 million mortgage modifications and other assistance arrangements were completed between April 2009 and the end of March 2014.HUD tempered its good news with a word of caution:”Encouraging news notwithstanding, there is a need to continue with recovery efforts as home sales have slowed, too many homeowners remain underwater, and mortgage delinquencies rates remain elevated. There is also considerable geographic variation in market conditions not captured in the national statistics, which suggests some markets are improving at different rates than others.” The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / HUD: Housing Improves; Still Needs Further Recovery Tagged with: April Housing Scorecard Existing Home Sales Foreclosures HAMP HUD New Home Sales Previous: Fannie/Freddie Reform Bill Stalls in Senate Next: GSE Quarterly Report Card Positive Share Save Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Government, Headlines, News Subscribe April Housing Scorecard Existing Home Sales Foreclosures HAMP HUD New Home Sales 2014-05-09 Colin Robins Servicers Navigate the Post-Pandemic World 2 days ago May 9, 2014 794 Views HUD: Housing Improves; Still Needs Further Recovery Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Colin Robins Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articleslast_img read more

Tyler Lydon’s offensive struggles continue in 2-point loss to Connecticut

first_img Published on December 5, 2016 at 11:24 pm Contact Matt: [email protected] | @matt_schneidman NEW YORK – Tyler Lydon’s most recent lackluster shooting performance, against Connecticut, was almost déjà vu from a season ago.Then, he seemed hesitant to shoot despite proving he could. Then, he was coming off the bench and not considered a primary scorer while sharing the floor with Michael Gbinije, Trevor Cooney and Malachi Richardson. Now, he’s one of the focal points of Syracuse’s offense, still hesitant, still searching for the right play to make and when.“I gotta be more aggressive, there’s no doubt about that,” Lydon said. “I need to take more shots, but at the end of the day I try and make the right plays and some of the times I thought I could get a better look for another guy on the court and try and get them a better shot than what I had. And it just wasn’t that way.”In Syracuse’s (5-3) 52-50 loss to Connecticut (4-4) at Madison Square Garden on Monday night, Lydon went 1-of-7 from the field and 1-of-4 from deep. With Syracuse trailing by two late in the game, Lydon missed a wide open 3 from the top of the key after nailing his only make from the same spot earlier in the half. His four free throws accounted for more than half of his seven points, and Jim Boeheim felt that Lydon passed up 10 shots, as his star sophomore extended a slump that carries a 7-for-25 mark from the field over the past three games.“I’d like him to shoot 17 shots and if he only makes two or three of them, that’s fine,” Boeheim said. “He’s gotta take those shots. I don’t think he’s quite ready to do that for whatever reason. He’s been told to take them. We want him to take them.”AdvertisementThis is placeholder textTo diversify his game, Lydon has needed to add the ability to create his own shot by putting the ball on the floor. He did that Monday night, often passing up a 3-pointer by pump-faking and dribbling toward the rim in search of a more desirable shot, even if it wasn’t his to take.The first two times Lydon attacked the hoop, he drew a foul and made both foul shots each time. But on a drive later in the game, Lydon lost control of the ball on his way to the bucket before regaining control, missing a turnaround floater and committing a push-off foul on the ensuing possession.“I just gotta be aggressive in general and just play my game. And I’m not really doing that right now, so I just gotta get back on track,” Lydon said. “My shot feels good, it’s just they’re not falling right now. That’s basketball. I’ve said it before and I’ll keep saying it again.”The one time Lydon was able to put the ball in the hoop was a crucial one in the moment, stretching Syracuse’s lead back to 10 with 11:41 left in the game right after a Rodney Purvis bucket cut it to seven. But like two Saturdays ago in a loss to South Carolina, when Lydon went on a 6-0 run by himself with more than 16 minutes left in the game, what could’ve sparked a strong finish gave way to a disappointing end.Since remaining stuck on 18 points for the final 16:19 in SU’s first loss, the sophomore has been mired in a funk. He’s made only one 3-pointer each against Wisconsin, North Florida and now Connecticut, averaging a mere 7.3 points over that span.Last season, Syracuse could afford to have a lackluster Lydon, with three more proven scorers on the floor with him. This year, with an offense in a state of despair, that’s not the case.“This year, he’s in a new role and new expectations. Obviously everybody wants perfection from Tyler right now, he’s still kinda figuring things out with all the new personnel we have,” fifth-year senior Andrew White said. “…We need to instill more confidence in him and make sure he’s taking those shots.” Comments Facebook Twitter Google+last_img read more