Commonwealth Youth Games to open in Samoa

first_imgPreparations for the week-long event have been praised by organisers, who also backed the Samoan government’s decision to deny entry for athletes from Sierra Leone.The delegation from Sierra Leone was denied entry visas over Ebola virus fears.Samoa’s Prime Minister, Tuila’epa Sa’ilele Malielegaoi, says it’s the responsibility of his government to put safety first for the up to 2,000 athletes participating in the Youth Games.Commonwealth Games Federation CEO David Grevemberg is confident Samoa will host a memorable Games with a lasting legacy.”From an event standpoint, there’s no question that there are infrastructure aspects of venues that have been enhanced – in terms of new stadia, the swimming pool and so forth – that will be used for world class competition. The fact that you’re going to have this realisation among Samoans that we can pull these types of events off, so I think people have a much much greater appreciation for Polynesian culture, Samoan culture but also the fact that Samoa’s going to be a fantastic world class host.”The 67 competing nations will be welcomed at tonight’s opening ceremony at Apia Park.Seven of the nine sports then begin competition on Monday.last_img read more

Fannie Mae Homebuyers Hopeful on Affordability

first_img in Daily Dose, Data, Featured, News February 7, 2019 1,068 Views Fannie Mae: Homebuyers Hopeful on Affordability Homebuyers are getting more positive about being able to afford a home, according to the latest data from the Home Purchase Sentiment Index (HPSI) by Fannie Mae.According to Fannie Mae, the HPSI rose 1.2 points in January primarily due to “an 8-percentage point jump in the net share of Americans who reported substantially higher household income in January compared to the same period last year.The net share of Americans saying it was a good time to buy a home also increased 4-percentage points in January to 15 percent. The report indicated that this component was down 12 percentage points in January 2018. However, the net share of those saying that it was a good time to sell a home decreased 1 percentage point to 35 percent, down 3 percentage points from the same time last year.”Movement among the HPSI components points to possible housing affordability relief in 2019,” said Doug Duncan, SVP and Chief Economist at Fannie Mae. “The net share of consumers expecting home prices to increase over the next year has declined further, falling to the lowest level since late 2012.”In fact, the net share of consumers who expected an increase in home prices has been falling for four consecutive months. In January it fell another percentage point to 30 percent.The net share of consumers who said that mortgage rates would decline over the next 12 months also increased 3 percentage points to -53 percent. “Fewer consumers since last summer, on net, believe that mortgage rates will rise over the next year, a sentiment consistent with the Fed’s statement at its January meeting that it will be patient with future target rate adjustments,” Duncan explained.Additionally, he said that the results of the latest HPSI were in line with Fannie Mae’s forecast that “amid improving affordability conditions, home sales should stabilize in 2019 after declining last year for the first time in four years.”center_img Fannie Mae Home Prices Home Sales Homebuyers HOUSING HPSI mortgage 2019-02-07 Radhika Ojha Sharelast_img read more